To invest in an IPO through your bank, you will need the Depository name and your Demat account number. You can find these details on the Upstox app by following these steps:

  1. Login to the Upstox mobile app with your credentials.
  2. Click the Name icon in the top left corner of your screen.
  3. Click on ‘Account’ and under that, click ‘Profile’.
  4. Click ‘My contact details’ which will be directed to my.upstox.com page.
  5. Click the icon with three lines on the top left corner of your screen.
  6. Under ‘Personal’ section, you will see Demat details.

You will see your account details listed on a screen.

Note down the Depository name and your Demat account number.

The first eight digits of your sixteen digits Demat account number is your DP ID and the last eight digits are your Client ID.

Your DP Name is Upstox Securities Private Limited

What is the process of applying for an IPO through your bank?

Applying for an IPO through your bank (NetBanking portal) is quick and easy. The process varies depending on the financial institution you bank with. Here are the processes for HDFC Bank and ICICI Bank. If you do not use any of these, you can contact your bank for further assistance on applying for an IPO.

ICICI Bank

  1. Login to your ICICI NetBanking portal.
  2. Click on the ‘Investments & Insurance’ tab on the top of the screen (in the menu section).
  3. Click on 'Invest Online' from the dropdown menu.
  4. Go to the IPO ‘online box’ and click on ‘Invest in IPO’.
  5. Select your account number from the dropdown menu and click ‘Submit’.
  6. Enter to confirm your personal details and authorize your transaction.
  7. Select the IPO you wish to apply for from the list and click ‘Go’.
  8. Fill out the form & in the Depository details section, fill in the Upstox details mentioned above and click ‘Submit’.
  9. Verify to confirm the details, and accept the terms and conditions.
  10. A success message will be shown upon confirmation.

HDFC Bank

  1. Login to the HDFC NetBanking portal.
  2. Click on the ‘Request’ tab on the left of the screen (in the menu section).
  3. Select ‘IPO application’.
  4. Click ‘Continue’.
  5. Select the IPO you wish to apply for.
  6. Fill out the form and in the Depository Detail section, fill in the Upstox details mentioned above.
  7. Once you are done filling the form, click ‘Submit’.
  8. Verify to confirm the details, and accept the terms and conditions.
  9. A success message will be shown upon confirmation.
  10. Investing in an IPO is that easy. Take a look at upcoming IPOs here: NSE’s IPO listings.

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