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What does 'DP name' mean in an IPO online form?
Last Updated: 15th December 2025 - 01:14 pm
If you’ve filled an IPO application online, you may have noticed a field called DP Name. Many first time investors are unsure about its purpose. The meaning of DP name in IPO form is straightforward, it refers to your Depository Participant, the intermediary through which your Demat account is held.
A Depository Participant acts as a bridge between you and the central depositories, NSDL or CDSL, responsible for holding your shares electronically. When you apply for an IPO, the DP ensures that allotted shares are credited directly into your Demat account once the allotment is completed. This is why the role of depository participant in IPO is critical. Without a DP, your shares cannot be safely stored or traded.
In the online form, selecting the correct DP Name ensures that the registrar knows exactly where to deposit your shares. Incorrect details can lead to delays or rejection of the application. It’s also linked with your DP ID and Demat account number, creating a unique identifier for smooth processing.
Understanding how DP Name affects IPO applications helps avoid common mistakes. Many investors leave it blank or enter incorrect information, assuming it’s optional. In reality, an incorrect DP Name may result in non-allotment or administrative delays. Always cross check the DP Name exactly as registered with your Demat account.
It is important to mention that every interaction between you, your DP, and the registrar is conducted digitally, which ensures secure transactions. After the shares have been allotted, your DP automatically credits them to your Demat account, and hence making future trading seamless.
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Krishca Strapping Solutions Limited
sme- Date Range 23 Oct- 27 Oct’23
- Price 200
- IPO Size 23