Yes, a demat account is mandatory to apply for an IPO in India. When shares are allotted in an IPO, they are credited directly to your demat account. The IPO application process uses either UPI mandate or the ASBA facility, where the bid amount is blocked in your bank account until the basis of allotment is finalised. No money is debited unless you receive an allotment.

A demat account and a trading account are two different accounts that work together for equity investing in India. A demat account holds your securities in electronic form. A trading account is used to place buy and sell orders on the stock exchange. When you buy shares, the trade executes through your trading account and the shares are credited to your demat account.

Choosing a demat account in India deserves more thought than most investors give it. A poor choice can result in higher annual charges, missed trades due to app failures and inadequate support when something goes wrong. A 10-point checklist covering SEBI registration, total charges, app reliability, research tools, customer support and grievance redressal helps you make an objective, informed decision.

Kross share price target 2027 is Rs 200 (+7%), 2028 is Rs 240 (+29%), and 2030 is Rs 330 (+77%). Diversified stock long term analyst forecast.

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