No, a person cannot apply for a single IPO more than ones. There are strict rules and regulations followed in this matter. However, his/her family members can apply for the IPO under their name provided they have a demat account and PAN number.
The simple and straightforward answer to this question is NO. You cannot apply to an IPO with different applications forms having the same name. There are specific rules and regulation regarding this where you cannot have various applications with the same name. Even if you apply, you will be wasting your time, resource and energy as all of them will be rejected.
Moreover, if you want to apply multiple times, then you cannot do it. But then your family members can apply for the IPO. All they need to have is a Demat account and PAN number to apply for the IPO. Do keep in mind that every member of your family gets only one chance to apply for a single IPO. If you apply it once, then applying again isn’t a possibility.
Bottom line
As lucrative as the IPO market might seem, it’s quite a hot zone for investors to apply in an IPO and see their investment reap profits. However, to get into a reputable IPO of a company isn’t a piece of cake. No wonder there are so many restrictions, rules and regulations regarding this. But you get only once chance to apply for an IPO. You and your family members get one chance only for that particular IPO.