What happens if I do not have sufficient balance in my bank account while accepting the IPO blocking request through UPI?

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The UPI transaction will be declined in case the account has insufficient funds.

Topic: UPI for IPO Application (Unified Payments Interface for IPO) Article

15 Comments

15. Vikas Kumar

| Link|September 14, 2024 5:24:30 PMReply

Through whatapp group the have opened FPI account of PIMCO. i dont know its fake of Real. i have invested INR 40K. I have applied IPO of 118000 ADITYA ULTRA STEEL LTD . I have not paid a single penny to that account but when i have sell me Stock of INR 16284 these stock has been adjusted in IPO even they have not taken MY PAN NO.

Please let me know what should i do?

15.1. Elangovan

| Link|September 23, 2024 3:28:35 PM

My case is similar. PIMCO FPI account. Made me to apply for IPO of Arkade developers, they say I won the lottery of huge no of shares which I cannot afford to pay. All amount in my FPI account are gone.

15.2. Dilip

| Link|September 25, 2024 9:56:35 PM

It is fake and the lady(Disha Pandit) called herself the personal assistant of Rajesh Sharma not sure that Rajesh Sharma also exists total fake. I lost lots of money. Please do not believe them.

14. GANAPATI

| Link|August 14, 2024 12:39:43 AMReply

My IPO is alloted in lottery. But I have not sufficient funds in my FPI account. But I have no extra fund😞. What can I do?

14.1. Elangovan

| Link|September 23, 2024 8:04:21 PM

Dear Ganapati. Please let us know what happened to your issue. Did you get any reply?

13. Kalyan kamble

| Link|September 14, 2024 2:09:47 AMReply

I have just opened demat account and after that before adding funds in that account I will get notifications of lottery win ipo but how it is possible I have not single rupee investment in that account....Now they are saying me you win lottery you must have to pay....
What can I do...please reply me

13.1. Elangovan

| Link|September 23, 2024 8:01:31 PM

Could you get an answer to your query. What happened to your FPI account. Please update here. Many issues are not solved here. Who is protecting the interest of the investors? Please reply Thanks

12. Gregory

| Link|August 30, 2024 5:35:58 PMReply

My case is the same...I don't have sufficient funds as I got more shares from IPO.. Anyone got the idea what to do

11. sukhvinder singh

| Link|July 17, 2024 2:42:14 PMReply

Same happened with me my institution (fidelity)give me excess IPO more than my account balance .now I don't have money .they saying sebi will freeze your account.is it ok what they are saying .I don't have fund for excess buying

Load more comments (8 replies)

11.1. Mayuri

| Link|July 19, 2024 1:54:50 PM

This happened with me as well. And my funds are frozen. With who were you investing?

11.2. sukhvinder

| Link|July 19, 2024 2:01:18 PM

I am investing with fidelity india

11.3. Vinay

| Link|July 23, 2024 6:35:31 PM

Same happened to me. Would they release funds or not??

11.4. Sai

| Link|July 23, 2024 6:59:16 PM

Did u guys got the amount post listing ipo. As per sebi rules.

Cuz I am in the same situation and cannt pay the high amount. Please someone reply to my query

11.5. sukhvinder

| Link|July 23, 2024 8:15:23 PM

No they did not release my funds asking 20% commission and 10%tax . Saying first you pay the amount later we will release your payment

11.6. Sai

| Link|July 24, 2024 5:55:50 PM

Hi sukhvinder,

May I know the institutional account u r part of.

11.7. DIBYENDU ROY

| Link|August 3, 2024 9:02:32 AM

Has they released your fund? What happened at last?

11.8. Karan

| Link|August 8, 2024 7:44:25 AM

Does anyone successfully retrieve the fund?

11.9. sonu

| Link|August 17, 2024 12:49:06 AM

same here. access allotment. freezing account

11.10. Alok

| Link|August 28, 2024 12:35:04 AM

Sane happen with me. Given excess shares which I can't afford.
What can I do now?
Do I will get my funds back?

10. Rohit

| Link|August 28, 2024 12:32:53 AMReply

Same happen with me. They have given me excess shares and now I don't have money.
What to do now. Any idea ?
Can we get the funds invested in account or it will be freeze.

9. sukhvinder

| Link|August 3, 2024 9:32:18 AMReply

Till now they didn't release my funds ,asking commission 30% .I am not sure they will release if I pay the commission.thats why I will visit their office then post here if I get any update

9.1. Lipong

| Link|August 22, 2024 1:38:19 PM

30% commission of the total fund or 30% of the total amount of the shares alloted to you.

8. siddhatth gupta

| Link|June 25, 2024 6:29:09 PMReply

If my mandate got rejected first due to insufficient balance on UPI, can I place an order on the IPO again?

8.1. Radha

| Link|August 6, 2024 9:32:27 AM

After deleting your previous order you can apply new order before cut off date. I did the same with ceigall IPO yesterday . Luckily yesterday 5.00pm was last for applying for ceigall.

7. Raj

| Link|November 16, 2020 9:14:06 AMReply

Is it necessary to authorise you mandate for ipo even if you have sufficient balance in your trading account

7.1. Siddhartha Saha

| Link|June 8, 2024 5:01:24 PM

I applied for IPO VILAS TRANSCORE but TRADEBULLS not given IPO according to my FUND AMOUNT ,EXCESS given and charging big amount of money .Now What is the redress?

6. Puneet Verma

| Link|September 30, 2022 6:00:34 PMReply

Did you received any email or confirmation from Broker or STX?

5. Rutuj

| Link|October 1, 2020 3:22:03 PMReply

If mandate request fails due to insufficient funds in bank, do we get another mandate request in case of IPO from UPI.

5.1. Puneet Verma

| Link|September 30, 2022 5:59:41 PM

no , you have to apply once again

4. Sayan sarkar

| Link|September 23, 2021 12:20:40 PMReply

If I buy a share and there is no Sufficient Balance, will having Angel One App automatically cancel
it?

3. nayak

| Link|December 2, 2020 11:13:07 AMReply

to buy IPO: adequate funds in DP account or Bank account ?

2. Anil

| Link|November 10, 2020 1:09:35 PMReply

If I have insufficient balance in my bank account while blocking ipo .Can I get chared for that?

1. Sagar

| Link|September 30, 2020 2:04:48 PMReply

I Applied for IPO through UPI. But in my account not having sufficient funds. Still it was not shown as failed? How I come to know whether I successfully applied or not for IPO?

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