Can i buy shares from a new IPO without having a demat account?
Merissa asks:
if not, what is the quickest way to get a demat account and how much time does it take?
if not, what is the quickest way to get a demat account and how much time does it take?
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no, never it is compulsary.
No you cannot transact in the stock markets without having a Demat account.
it is compulsory to have it for applying the IPO…
ull have to mention the demat account no. in the ipo application for..it is essential ‘coz after allotment of shares..they will transfer the shares to your account.
and coming to opening of a demat account it depends on the company u go with…now it is mandatory to have a PAN to open a demat account. if u have all the documents…it should not take more than a week’s time in any company…
my suggestion would be go with Geojit financial services…they will give u the demat account no in 3 days…they are the cheapest in the market…they take about 500 rupees for account opening and also the maintenance charges are also very less..im very happy with them…
i wish u good luck…
Happy investing………….!!!!!!!!!
You cann’t buy shares and/or apply for IPO without a demat a/c.
u can’t enter without demate a/c, if u want demate a/c so mail me ……….
anil_4_u2003@yahoo.com
anil
open ur a/c with kotok securites ltd on very low brockage rate……. just mail
check this site for more info…
http://www.DematAccount.com
No, You need a Demat account for applying for shares.
You can open a Demat account with ICICI (http://www.icicidirect.com), Reliance Money, IndiaBulls, Sharekhan etc…
It takes around 7 days to get the account activated.