Can minors apply for IPO in Zerodha?

Yes, minors can apply for IPO in Zerodha. Minors above 15 years who have a UPI ID on any BHIM UPI app can place an IPO bid with UPI. If UPI is not enabled for minor’s bank account, they can purchase IPO shares through the net banking ASBA process. Minors must have their own bank account to place IPO applications, if they use their parents' or guardian’s bank account, the IPO applications will be invalid.

If the bank account neither provides a net banking facility nor the minor has a UPI ID, parents can apply for IPO using their own account and transfer or gift the allotted shares to the minor's demat account.