I had applied in campus ipo via icici bank upi through google pay and also accepeted mandate day befeore yesterday but today i had received another mandate with same reference no. Of may application number. My money of first mandate is still blocked. Any please help me in this regard what to do now.
I apply campus through zerodha .UPI mandate is shows that transaction timeout . details shows rejected by investor bank.then i deleted my order on 27 april.money blocked till now . Money kab unblock hoga .i already mail to campus and zerodha.but money is not unblock.please experience member told this when the money is unblock.please tell
390. Bullish| Link| Bookmark|
April 28, 2022 6:43:23 AM
IPO Mentor (700+ Posts, 500+ Likes)
Now most of the banks do not allow third party ASBA or UPI except AXIS as far as I know this means very soon Axis will also disallow third party application resulting into lower subscription figures because of this mkt become stable
Wish Govt comes up with ban on third party ASBA and UPI as it did with bifurcation of HNI. Thus only genuine investors will apply in IPOs - companies will come with reasonable premiums and leave something on the table as they cannot manipulate subscriptions this will lead to buying on listing day as persons who did not get allotment will buy due to reasonable pricing and Govt will get information of who is individual who is applying for IPO’s as that person will have bank account, demat account and trading account on his name and in future income tax people can have better data and thus tax filings and revenue will increase for Govt. Thus it will be a win for everyone.
If i am not wrong then BoB is allowing 3rd party application for already added/registered applicant. However it has also discontinued adding a new IPO applicant.
@IPO Hater, if you say so then please think of Minor applicant, as majority of Banks do not provide Debit card & Net Banking Facility and also in case of HUFs some banks do not provide Debit Card.
Total 24000 Shares are for Retailers while more than 2 Lac Retail Shareholders are already there and more will Participate. 300000+ Retail Shareholders will Participate then How can 1 Share will be Accepted?
One should check the fact and then comment!!
388. Bullish| Link| Bookmark|
April 29, 2022 6:04:14 AM
IPO Mentor (700+ Posts, 500+ Likes)
Some banks are still allowing third party asba like Axis, BOB older version which already added investors but now it is just matter of time once application deadline is over then no banks will allow third party asba. For Minor or HUF need to apply by submitting physical forms in bank branch 😃😊🙂 very very good move by SEBI
388.1. snipperRaj| Link| Bookmark|
April 29, 2022 8:14:42 AM
Top Contributor (300+ Posts, 200+ Likes)
Why for minor and huf need to go branch. If you have minor/huf bank account. Can apply from bank asba ( basically first partyapplication) Minor and huf will have its own pan and bank account will be linked to it.
388.2. Bullish| Link| Bookmark|
April 29, 2022 9:11:56 AM
IPO Mentor (700+ Posts, 500+ Likes)
Most of the banks are not giving online facilities for HUF and Minor under 10 yrs accounts specially PSU so need to submit physical forms
388.3. snipperRaj| Link| Bookmark|
April 29, 2022 9:16:34 AM
Top Contributor (300+ Posts, 200+ Likes)
if i am not wrong, most of private banks allow Minor/huf.
recently HDFC also fixed issue of HUF application through netbanking, earlier karta pan was showing in their netbanking now with new change HUF pan is showing, all banks understand this issues and they are already taking actions so that HUF/minor account holders will not suffer.
388.5. Bullish| Link| Bookmark|
April 29, 2022 9:51:37 AM
IPO Mentor (700+ Posts, 500+ Likes)
Good progress if banks start allowing the same then physical forms numbers will become very less and then bank employees atleast bid those forms currently some bank branch do not bid giving reason like no connectivity reason which Ultimately loss to small retail investors in good ipos
HUF and Accounts are there but ASBA Facility is not available in banks accounts of HUF, if any one knows the bank which allows HUF ASBA please revert here with name of such bank.
388.7. P Patel| Link| Bookmark|
April 29, 2022 10:45:30 AM
IPO Mentor (900+ Posts, 900+ Likes)
I am using HUF ASBA from Kotak bank since long.....
When I checked with HDFC bank 4-5 months back, they said, even if I open Minor's bank account (having PAN), but still parent Pan only taking as per their software system..
As updated by you, (bank has revised this software issue...) It's really great thing, I will once again check with them.
For minor account i would suggest SBI Pehli Udaan Account if child is > 10 years and as a sign he can write at least his own name. (no parent account required), ATM netbanking both facilities will be available.
If child is < 10 years go for yesbank My Yes First account with parent account (in this case parent account is must) in netbanking two accounts will be available for applying an IPO, for minor application fund can be blocked from minor account.
FOR HUF AU Small Finance Bank, AXIS, Indusind Bank, HDFC (after recent change), are best banks.
Dear p patel ji. Very very precise advise you have give on mfs, sell win.tata power,Borosil. .thanks for your valuable suggetion..sir ji please share any other company.which you feel Good for long term🙏 Thanks
386.6. lokes| Link| Bookmark|
April 29, 2022 1:16:27 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Anuragsinghal : ya it looks possible.... looks little more in BHNI side but its possible since many people with big hni pockets might have applied multiple small 10 lakh applications.... in SHNI, yes approx 13x is possible application wise.....
Hello anyone using axis Bank asba ?? Ipo tab is not opening tried on many other devices, cleared history and cache, refreshed my account but still ipo tab is not opening anyone facing same issue ??
Dear param patel ji., Please share your views regarding Hari om pipe. Your advice need regarding Hari om pipe. Once again request you to please🙏 suggest. Thanks
Now onwards , IPO market is only for retail folks and Intuitional. better one can look for listing gains, as retail folks holding period is relatively and risk appetite also low
I am unable to make an application of over 200,000 using Net Banking of Indian Bank. The error message shows, "Bidding amount greater than 200,000". I had selected the 'Ind' option. I had also increased my transaction limit at the bank. How can make the transaction as an Hni investor? I had approached the bank, but they have not given any remedy.
Intially i applied trough SBI UPI and i accepted mandate and funds are unblocked automatically. So later i applied using Uninion bank upi. But now automatically SBI mandate is also created and my funds are blocked.
What to do now. When the funds are unblocked from sbi upi thn i cancelled the bid and placed again my bid with union bank upi. Now its like 2 different applications with same demat and same pan.
No it's not two applications..it is just that the bank has put the hold and let's see when will this hold be removed else it will be removed after its period is over
in SBI UPI i have applied only 1 application everything was fine, like mandate accepted, fund blocked for the same IPO mandate reason. All is good about this hold.
Now today SBI again blocked one more lein for same amount with reason "hold for INR 14892 created in deposit account XXX for loan against Dep"
Really dont understand this 2nd hold, i dont have any loan with any bank? anyone came across same issue?
@SUNKARI SUJITH KUMAR if you have cancelled your SBI upi application from broker then you dont need to worry, but if you have not cancelled from broker side then you will have two applications with same PAN, and both will be rejected.
as you have already canelled your 1st application then no need to worry, your union bank application will be cosider for allotment, SBI blocked fund will be unblocked, you may need to raise complaint with SBI so that they can unblock fund