FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Yes, whether you choose to bid for an IPO using UPI ID or ASBA, it is mandatory to have a Demat account. Thus, it is compulsory or necessary to open a Demat account to invest in an IPO. It is because, all the shares allotted will be safely stored in the Demat account.
Zerodha Trade@20