Can I Buy Shares in IPO when Demat Account is suspended. but Trading is working. with ICICIDirect.com A/C?
Genna asks:
My ICICI Direct.com Demat Account is suspended as I could not submit my PAN Card… Customer care has informed that your Trading Account is activated but demat account is suspended….. for activation it will take 7 days… Now I want to apply for Reliance IPO Jan 15-18… as time is less… Is there any option for applying??? Online or Manual???
My ICICI Direct.com Demat Account is suspended as I could not submit my PAN Card… Customer care has informed that your Trading Account is activated but demat account is suspended….. for activation it will take 7 days… Now I want to apply for Reliance IPO Jan 15-18… as time is less… Is there any option for applying??? Online or Manual???
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call customer care and ask them,i dont think u can buy
No. the chances that you can invest in very low. You need to have your demat account activate to invest.
no u cannot apply for shares if your dmat account is suspended. u have to attatch a copy of pan card even with the ipo application. so, what it means is, that u cannot apply and get shares unless u have an active dmat account. But if you are sure that u will get the dmat account activated in a weeks time, go ahead and apply for the ipo. but if the account is not activated your shares, if allotted,will be lying in suspense account of the issuing company. do apply if u have a copy of pan card, otherwise not.
No there is no way you can apply. Unless you are able to get your demat activated. Don’t worry as there are many other good IPOs coming for you enter SBI, BSNL etc… Happy Investing :)…