The IPO full form is Initial Public Offering which refers to the process through which a previously unlisted company sells stocks to the public for the first time.
In both banking and market the full form is same. Application for an IPO is often made through a banker, and once listed; shares can be purchased and sold on the stock exchange.
The term “primary market” is used to describe the place where the IPO first becomes available for subscription. The core market is the first market where a product is sold. The secondary markets are where the IPO shares will be traded after they are listed.
In order to apply for IPOs, you must be an adult who is legally able to engage into binding contracts. Today, initial public offering (IPO) investments require a demat account because allotments are made electronically exclusively through demat.
You can apply for an IPO without a trading account, technically speaking. A dematerialized account is sufficient. In order to sell shares after listing, however, a trading account is necessary. It is also far more convenient to qualify for IPO online by simply logging in through the online trading account.