The criteria of eligibility for IPOSmart are that the investor holds an account with any Self Certified Syndicate Member Bank; has a Demat Account with any depository participant of CDSL/NSDL; and has a PAN card. On fulfilling IPOSmart eligibility, Price Bids and Multiple Bids are permitted to all categories of investors.
Criteria for Individual Investors An investor is eligible to apply via IPOSmart provided they meet the following requirements:
- Possesses an account with a self-certified syndicate bank.
- Maintains a Demat account with any Depository Participant affiliated with CDSL or NSDL.
- Owns a PAN Card.
Guidelines for Other Investors: Price Bids and Multiple Bids are available to all investor categories, including retail investors. This means investors can opt for up to three price bid options under ASBA rather than a single bid at the cut-off. Additionally, there is an option to cancel, revise, or modify bids until the bid closure time. Under the ASBA Mode, only one application per bank account is permitted for a specific IPO.
