By UPI you can apply only one application per account as third party application got rejected. my application in ruchi soya was rejected due to third party upi.
Sharvam - I have applied many HNI applications for my children using KOTAK and RBL Asba . Money in the Minor account will be coming from Parents / grand parents accounts as gift.
Query for Kotak Third party asba. If I have netbanking in KOTAK can i apply ipo for my child? I was using SBI earlier but it stopped third party asba so i can apply only for myself from sbi.
AV Rajkot - Kotak does not supports third party ASBA . You have to open a Minor account with Kotak for applying IPO using ASBA . Kotak Child Account CRN will be linked with Guardian CRN . Guardian can login to his CRN and create Demat Beneficiary for Minor( CRN & DP ID of Minor) and start applying for all IPOs in both Retail & HNI . Hope this clarifies
Brother...In case of kotak asba for minor, funds are blocked from minor account or guardian account if are we applying ipo for minor? Plz reply...I am going to open minor account in kotak....
111. sbipo| Link| Bookmark|
April 26, 2022 10:33:27 AM
Top Contributor (400+ Posts, 100+ Likes)
@ipo stinks, SEBI always tried to save retail but stock market always do business like casino,only big sharks win and we pigs loose for our own unforced errors,u have to trade like a casino owner. Nowdays in riskier SME ipos retail is naking huge money.
111.1. ipo stonks| Link| Bookmark|
April 26, 2022 11:05:14 AM
Top Contributor (200+ Posts, 200+ Likes)
@sbipo I do not stink 😭 Yeah, higher risk higher returns. But intention of SEBI was to protect retailers, now what retailers do is upto them only.
111.2. sbipo| Link| Bookmark|
April 26, 2022 11:39:43 AM
Top Contributor (400+ Posts, 100+ Likes)
110.2. Ankur Goel| Link| Bookmark|
April 26, 2022 11:32:50 AM
IPO Guru (1100+ Posts, 500+ Likes)
I tried today & its blocked. Third part applications not allowed in SBI now. What about other banks like UCO, PNB, BOB?
109. Learner SK| Link| Bookmark|
April 26, 2022 9:19:03 AM
Top Contributor (1000+ Posts, 200+ Likes)
SBI message: PAN of the applicant does not match PAN recorded in the selected Account in Bank's record. As per Regulatory guidelines, IPO applications can be done from self-account only.
So, SBI has now disabled third party ASBA application. Big disappointment.
I am facing this same issue? can anyone suggest how i can fill 5 application using same bank account?
Is there any other bank which allows us to fill 5 ipo application or third party application?
109.5. Learner SK| Link| Bookmark|
April 26, 2022 10:00:32 AM
Top Contributor (1000+ Posts, 200+ Likes)
Abhishek - It looks like that option is not available now with any bank. I have account with sbi and federal and they were allowing upto 5 applications and both have disabled it.
I guess SEBI has given instructions to all the banks to disable third party applications. Earlier also some registrar were rejecting third party applications and some were accepting it. It seems SEBI now wants uniformity in allotment process of IPOs. Now people who apply multiple applications using third party applications will have tough time.
Submitted 2 applications through SBI Yono Lite. Not sure if they will be rejected. Anyways I have not got any allotment from SBI 3rd party ASBA so far.
109.14. RJ Rocks| Link| Bookmark|
April 26, 2022 11:23:56 AM
Top Contributor (400+ Posts, 200+ Likes)
Tragedy ho gya hai SBI ASBA not allowing I checked But SBI YONO LITE is allowing
Ab yono se applied application accept hogi ya reject hogi big big question??
@admin out the the following update from your site please tell what portion is for Small HNI and what is for Big HNI Non-Institutional Buyers 0.04
If you can not tell, at least inform will that information be ever available or not?
107.4. 🔥 MOG 🔥| Link| Bookmark|
April 26, 2022 10:59:19 AM
Top Contributor (400+ Posts, 200+ Likes)
@Avenue Exactly! I expect NSE and BSE to present small HNI and big HNI quota separately so that investors can make informed decision regarding which quota to target.
whatever... I want to make informed decision to apply in whichever quota/category by seeing subscription figures as allotment chances depend on it. I do not wish to play blind.