Out of topic question. If I apply to an IPO from 2 or more than 2 PAN cards, but if the blocked amount for all PAN cards is from same bank account, then will my all the applied applications get cancelled?? Plzz do reply
331.1. MuStrFc| Link| Bookmark|
November 3, 2023 12:06:33 AM
IPO Guru (3000+ Posts, 2400+ Likes)
That's called 3rd party application. You may or may not get allotment in these, as technically these are invalid applications. And as 3rd party are a thing of the past now, better to use same PAN Bank and Demat account combination to avoid such issues.
Thanx @MuStrFc and @Wolf hunter For your responses. One more question. If I apply using 2 pan cards and using separate bank accounts for both pan cards but both accounts belong to me, then will this also get cancelled?? I hope I explained my question.
331.4. MuStrFc| Link| Bookmark|
November 3, 2023 12:03:55 PM
IPO Guru (3000+ Posts, 2400+ Likes)
@IPOuser As already said PAN should be same in Bank and Demat. Using 2 different bank accounts that have same PAN to apply in combination with 2 different demat accounts having different PAN will not work because both bank have same PAN.
i have applied 2 retail lots from different accounts so hoping to get this one in atleast one how about we play a game of prob and you tell me of all the situations with their prob
Itni subah subah kaise finalized ho gaya... It's just 11 am.. Abhi tak koi koi employees office bhi nahi aaye honge Aayenge chai, nasta karenge fir kaam pe lag layenge...
@lucky boy , BOA to computerized hota hai. Ab NSE aur BSE se approval lena hota hai BOA ka. Once, approval is received the RTA can send debit/unblock instructions to bank and publish the allotment on their website.
325.14. ValueSeeker| Link| Bookmark|
November 2, 2023 10:17:18 PM
IPO Guru (1500+ Posts, 600+ Likes)
Both IRM and Blue Jet allotments came between 10:30 and 11pm. But they closed on Friday, and were allotted on Monday. So, today's the litmus test of T+1 allotment.
320.4. Ankur Goel| Link| Bookmark|
November 2, 2023 6:05:54 PM
IPO Guru (1300+ Posts, 600+ Likes)
Hdfc
320.5. sashah| Link| Bookmark|
November 2, 2023 6:25:23 PM
Top Contributor (400+ Posts, 100+ Likes)
HDFC is best to apply online for IPO in case of minor. SBI, IDFC - you have to do offline application by visiting branch.
320.6. Ankur Goel| Link| Bookmark|
November 2, 2023 6:36:20 PM
IPO Guru (1300+ Posts, 600+ Likes)
I am using hdfc account to apply minor account since Oct. I contacted multiple banks like icici, axis, pnb, sbi. All denied netbanking to minor account. Axis allows net banking but declined IPO asba facility than I moved to hdfc and it allows.
I am facing problem in HDFC minor account to apply ipo. Actually I have 2 hdfc account, one joint and one minor, with my customer ID, when I apply from my account then everything works fine, but for minor it gives error stating user not authorised. Did anyone faced this problem?
I happy two minor accounts in HDFC BANK. I apply for ipos, no problem at all as their PAN NUMBERS are used. I take ASBA forms from broker, submit them in the Bank. My broker is Motilal Oswal. I suggest use ASBA forms @Tindu Mindu.
Yes, you are correct. In HDFC minor account while applying for Ipo, it's showing guardian's PAN number. And that portal is not allowed us to edit PAN card field.
So here anyone can help us on this. How did they applied for minor account and also wanted to confirm is it possible to get allotment for guardian PAN and minor demat account, it will consider as valid application .
320.15. sashah| Link| Bookmark|
November 2, 2023 11:15:27 PM
Top Contributor (400+ Posts, 100+ Likes)
If you have given minor PAN at HDFC BANK, when you go to ipo page on bank portal.. it will give drop down and when I select my daughter PAN and follow remaining steps.. it will open with her details to apply… steps are same once you select minor PAN
Visit HDFC BANK BRANCH and ask them to update minor's PAN NUMBER in his/her account instead of Gaurdian's. Do this @Anchal and your problem is solved. This problem occurred with me at Axis Bank, so I had to open HDFC BANK account.
Aaj fake allotment wali aayi nhi kya ya mamaearth me busy h abhi Tak gmp.ki chkaar me
318. Smile✍️| Link| Bookmark|
November 2, 2023 10:35:15 PM
IPO Guru (1800+ Posts, 1100+ Likes)
No need to panic for allotment. I am confident that all active members will get allotment here. Some may get retail lots and some nii lots. So this is only win-win and Diwali gift to all.