Can a minor apply for an IPO?

Can a minor apply for an IPO?

It's important to note that in India, minors generally cannot directly participate in financial transactions such as IPO applications. Opening an account in the name of a minor may require specific procedures and documentation, which may not be enabled or supported by certain platforms like 5paisa. 

However, a guardian or parent may invest on behalf of the minor using their own account or through specific investment instruments designed for minors, such as a guardian account or a trust account.


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