It's important to clarify that the ability to apply for an IPO while your account is marked as dormant may vary depending on the policies of your broker or financial institution. While some brokers may allow IPO applications from dormant accounts, others may not permit any transactions until the account is reactivated.

At 5paisa, you can indeed apply for an IPO even if your account is marked as dormant. However, keep in mind that you won't be able to sell stocks until the account is reactivated. It's advisable to confirm this directly with 5paisa or your financial advisor, as policies may vary and they can provide you with precise information regarding IPO applications and account dormancy.