Can I apply for IPO from different demat account with same UPI?

Can I apply multiple applications in same IPO using same UPI? No, one bank account one IPO application is allowed.

Can I fill IPO with different bank account?

You can apply in up to 5 IPO applications using one bank account with these banks. If you have a bank account in any of these banks, yes, you could apply in an IPO in the name of a family member or friend’s name as long as they have their demat account and PAN number.

Can I apply for IPO from two different brokers?

No. You cannot apply in an IPO through multiple applications with the same name. If an investor tries doing it, then all the applications made under the same name will be rejected.

Can I use my friend UPI ID for IPO?

Click here for upcoming IPOs You cannot use the UPI ID of a bank account of a friend or a family member where you are not an account holder.

Can I take IPO without Demat Account?

Well, you don’t really need a trading account for an IPO. However, if you want to sell the shares you have been allotted through an IPO, you will need to have a trading account. So it’s a good idea to have a trading account before you apply for an IPO.

How many IPO applications can be made with one UPI ID?

No, only one IPO application in an IPO is permitted per UPI ID. In case if UPI as a payment option for IPO, the name in IPO application, Demat Account and Bank account should be same. Note that you can use 3 rd Party ASBA application (applying in an IPO for different people using same bank account), if you bank permits it.

Can I apply for multiple IPO applications with same Pan number?

It’s a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected. If you would like to place order for multiple application, it works if you apply one each of your family member’s name.

Does HDFC allow more than one IPO application per ACC?

No, upi id must belong to the person applying. Better use sbi netbanking which allows up to 5 different people to apply for ipo under asba from same sbi account. HDFC allow only 1 ipo application per acc, I know kotak bank & pnb allow multiple applications from a single acc.

How to modify IPO application after submitting it?

To modify, you have to cancel and create new IPO application. The exchange’s bidding platform runs only on week days. If you apply in IPO over the weekend, you will receive the UPI mandate request only on next working day. Mandate for fund blocking usually comes after few hours after submitting the IPO application.