Can I apply for IPO using others UPI ID?

Can I apply for IPO using others UPI ID?

No, you cannot apply for an IPO using someone else's UPI ID. IPO applications must be made using your own UPI ID and bank account. Using another person's UPI ID for IPO applications is not allowed and may lead to the rejection of the application.

IPO applications require authentication through your own UPI-enabled bank account to ensure that the funds are being transferred from your account for the subscription. Using someone else's UPI ID would be considered unauthorised and could result in complications with the application process.

It's important to adhere to the guidelines and regulations set forth by the IPO issuing authorities and your broker or financial institution when applying for IPOs to ensure compliance and a smooth application process. 


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