I have a saving bank account in SBI with joint other two name i.e. my wife and my son . I have three individual demat account in PL, and all the demat account linked with same one bank account. Kindly advice me can we apply for IPO from said single bank account.
129.1. Scrip| Link| Bookmark|
December 1, 2020 11:14:13 PM
Top Contributor (400+ Posts, 200+ Likes)
SBI allow Five applications in an IPO through ASBA. So u can apply through all the 3 Demat Account u have just one condition, those Demat should have different PAN 1 PAN = 1 Application only
SBI allows 5 beneficiaries registration, hence you can register 5 different demat account with separate PAN number for IPO application. Remember two or more application with Same PAN will summarily rejected. You can apply 3 applications from SBI a/c with different PAN number.
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Agar oversubscribe hua, jiske chances hai kafi, to maximum 1 lot milega. 1 se zada apply karne se bas paise atak jaege time ke lie. Agar ghar pe multiple accounts ho to un sabse ek ek lot ka apply karo.
118. Eagleye| Link| Bookmark|
November 30, 2020 2:41:40 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Those persons having accounts in OBC or United Bank & Demat accounts also linked with these accounts r unable to use netbanking & they will be unable to apply for Burger King ipo as the software of these Banks is being upgraded from last 3 days & not yet completed ,so I think this date should be extended to give us the chance to participate. Or any other methods to apply. kindly suggest
116. arunARUN| Link| Bookmark|
December 1, 2020 3:33:49 PM
IPO Guru (1900+ Posts, 1600+ Likes)
EASF SMALL FINANCE BANK filed addendum on Dec 1, 2020. Public can offer comment for next 21 days to SEBi. So, IPO is unlikely to come in month of December 2020. Given SEBI will give final OK post 21 day period Similarly for Homefirst Finance, public objection period is going on
RailTel has been pushed to next qtr, same with Kalyan Jewellers. Suryodaya is yet to get SEBI approval. Heranba and Antony are still meeting investors, as per my understanding.
More likely are IRFC, ESAF (filed addendum on Dec 1), Mrs Bectors (Cremica), possibly Stove Kraft (they have filed addendum as well).
Apply with all demat accounts of your family members. Application in your hand but Allotment totally on luck. With 10% shares only for retail, subscription in retail category seen in the range of at least 50 times.