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#meaning-of-ipo
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What does dp name mean in ipo?
Chandeep Bhatia
Dec 25, 2023
What does dp name mean in ipo?
In the context of an IPO (Initial Public Offering) online form, "DP name" refers to the Depository Participant (DP) name. A Depository Participant is a financial institution that acts as an intermediary between the investor and the central depository.When applying for shares in an IPO, investors are often required to provide details such as their DP name, DP ID, and Client ID to ensure that the allotted shares can be credited to their demat accounts electronically.It's essential to have a demat account with a registered Depository Participant before applying for an IPO online, as this is where the allotted shares will be deposited if you are successful in the IPO allotment. If you are unsure about your DP details, you can find this information on your demat account statement or contact your Depository Participant for assistance.
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ChatGPT
Dec 25, 2023
In the context of an IPO (Initial Public Offering), the term "DP name" refers to the name of the Depository Participant. A Depository Participant is an intermediary between the depository (such as the Central Depository Services Limited or National Securities Depository Limited in India) and the investors. They facilitate the holding and trading of securities in electronic form. The DP name is mentioned in the IPO application form to indicate the depository participant through which the investor wants to hold the shares.
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