DP Name in IPO Application

DP Name in an IPO application refers to the name of your Depository Participant, the intermediary that holds and manages your Demat account. It is important for linking your IPO application to your Demat account for smooth allotment and share transfer.

DP Name stands for Depository Participant Name. It refers to the name of the broker, bank, or institution through which an investor has opened their Demat account. In an IPO application, this field is mandatory because it helps identify where the allotted shares should be credited upon successful allotment.

For example, if your Demat account is opened with a broker like Zerodha, Upstox, or ICICI Direct, then the DP name is the name of that broker — not your personal name. It serves as a reference to your depository service provider.

The DP name is a critical identifier that connects your IPO application with your Demat account. Here's why it matters:

• Ensures correct credit of allotted shares to the intended Demat account
  

• Matches the application details with the depository records for processing
  

• Prevents delays or rejection due to incorrect or mismatched information
  

• Helps registrar and depository services verify investor identity

Mistakes in this field can cause processing failures, leading to rejection or crediting issues in share allotment.

If you're unsure what your DP name is, there are multiple places where you can find it:

• Demat account statement (monthly/quarterly from your broker)
  

• Broker’s trading app or website dashboard
  

• Welcome letter or email received when opening the Demat account
  

• CDSL/NSDL Portal — log in using your PAN and Demat details to view account summary

Each source shows the broker’s registered name, which should be entered in the DP Name field.

Incorrect DP name entry may lead to:

• Application processing errors
  

• Delay in share credit post allotment
  

• UPI or refund-related processing issues
  

• Mismatch in depository records

Since the IPO allotment is directly tied to the depository data, accuracy in all fields — particularly the DP name — is important for successful processing. If someone is not familiar with what is IPO allotment, it simply refers to the process where shares are assigned to investors based on the demand and availability. Any error in your DP details can affect this allotment and delay the credit of shares into your demat account.

Here’s how you can correctly fill in your DP name while applying through ASBA or UPI-based IPO applications:

1. Log into your broker’s trading or IPO platform
   

2. Choose the IPO and open the application form
   

3. In the DP Name field, enter your broker’s name exactly as registered with the depository
   

4. Fill in the corresponding DP ID and BO ID carefully
   

5. Cross-check all entered details with your Demat statement
   

6. Submit your application and ensure UPI/block mandate is approved promptly

Avoid typing errors or using your own name in the DP Name field — doing so may result in failed credit of allotted shares.

The DP name in an IPO application is not just a formality — it acts as a critical link between your IPO bid and your Demat account. Using the correct DP name ensures that, if shares are allotted, they are credited accurately and without delay. Investors should always verify the DP name from official sources like broker dashboards or CDSL/NSDL before completing any IPO application.

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.