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.
An investor can apply through IPOSmart if he/she fulfils the following criteria
- Holds an account with any Self Certified Syndicate Bank
- Has a Demat account with any Depository Participant of either CDSL or NSDL.
- Has a PAN Card
Price Bids and Multiple Bids to all categories of investors is permitted i.e. instead of a single bid at cut-off the investors will have a facility to quote price bids not more than three options under ASBA. In addition to the application cancellation facility, you will have the facility to revise or modify the bids till bid closure time. These facilities are available to all categories of bidders including retail investors. Under ASBA Mode from a single bank account for a particular IPO only one application can be made. However, in case there are any additional Reservation Categories provided by issuer of the IPO. Investor eligible in that particular category may apply in that category as well.