Can I place order for IPO if my account is dormant?

Can I place order for IPO if my account is dormant?

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.


    • Related Articles

    • What is the Cutoff time for placing an IPO order?

      During the subscription period of an IPO, investors can place their orders between 10:00 a.m. and 5:00 p.m., excluding stock exchange holidays. IPOs typically remain open for at least 3 days and a maximum of 10 days, offering investors a window to ...

    • What are the reasons for my account being classified as dormant?

      According to Exchange guidelines, your trading and Demat account is classified as dormant if there has been no transaction or trading activity for over 365 days. When an account is deemed dormant, it necessitates deactivation for security and ...

    • How to place VTT order from 5paisa mobile application?

      Follow these steps to place a VTT (Valid Till Triggered) order from the 5Paisa mobile application: Step 1: Login and Select the Stock Login to Your 5Paisa Account: Open the 5Paisa mobile app and log in with your credentials. Search or Add to ...

    • Can I place VTT order in derivatives?

      Yes, you can place a VTT (Valid Till Triggered) order in derivatives, but only in equity derivatives. Steps to Place a VTT Order in Derivatives on 5Paisa Mobile Application: Step 1: Login and Select the Derivative Contract Login to Your 5Paisa ...

    • How do I place sell VTT order?

      Sell VTT (Valid Till Triggered) is used to exit current stock holdings or to sell Futures and Options (FNO) contracts. Consider the following example: You want to sell Infosys Limited, which is currently trading at 1591.80, at 1680. Here’s how to ...