What accounts do I require to invest in HDFC Sky IPO?

Question

Accepted Answer · 2023-11-09

To initiate IPO orders, all you need to do is open a trading cum demat account with the broker.

HDFC Sky Trading Account: It is required to purchase and sell IPO shares. Thus, a trading account allows users to place an IPO bid and sell them after listing.
HDFC Sky Demat Account: All the allotted IPO shares will be credited to your HDFC Sky Demat account while in the event of sell, shares will gets debited. Thus, Demat account provides digital safety to all your investment in shares, mutual funds, and other securities.

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