Zerodha UPI Question. I applied via Zerodha UPI for 2 lots and received mandate in ICICI app which I accepted immediately. At 2:45 pm I received an ICICI sms "You have approved the mandate of INR 222000 raised by Fidel Soft on02-June-22 RPN 2153........ . ICICI Bank"
At 2:50 pm I received two SMS, one saying "your account has been unblocked by am amount of INR 222000, against the UPI one-time mandate" and second sms saying "your account has been blocked by am amount of INR 222000, against the UPI one-time mandate"
and even after 25 minutes money is still not blocked... Is it normal or should I cancel Zerodha application and apply again...
I have seen similar thing happening with 2-3 people here, they got their amount block next day or next to next day. .. still u can cancel and apply the same and if it's still happening u should wait till tomorrow
just now received mail from Zerodha of successful application "Your IPO application for Fidel Softech Limited has been submitted with the PAN: AXXXXXX. The details of the application are as below: Application number BSB4241XXXXX Symbol FIDEL
@Avenue, Under HNI category once order placed, you cannot cancel or modify it. That's the draw back.
163.6. DEVBULL| Link| Bookmark|
June 2, 2022 3:59:13 PM
Top Contributor (400+ Posts, 100+ Likes)
@Avenue. For me also same message for my one retail application. But first message is for blocking and second message is for unblocking. Both received simultaneously at 3.40 pm. Applied through Zerodha / ICICI BANK UPI. I think there is some problem with ICICI Bank. Earlier, in the case of Aether, all got confirmed allotment but I didn’t get for my retail application through same Zerodha / ICICI BANK UPI. But I got allotment for my SHNI application through Zerodha / INDUSIND UPI. So, I doubt, there is some problem with ICICI BANK UPI only. They are not properly blocking for the reason best known to them.
@Devbulll. but I got an email from Zerodha that my application no..... has been submitted... Let's see, if this application fails I will say goodbye to this UPI experiment of mine...
@Krupa.. it makes sense. lekin meri application kaise submit ho gayi ?
"Your IPO application for Fidel Softech Limited has been submitted with the PAN: AXXXXXX. The details of the application are as below: Application number BSB4241XXXXX Symbol FIDEL
@Avenue sir you will receive this message whether money is blocked or not....
163.11. DEVBULL| Link| Bookmark|
June 2, 2022 4:23:46 PM
Top Contributor (400+ Posts, 100+ Likes)
@Avenue. Same thing happened to me in the case of Aether. I got all messages regarding successful application. I got message from NSE also. I got allotment advice also from Linkintime but with NIL allotment. In the Mode of Investment column, it was shown as ” NA” instead of “UPI”. It means, the mandate received by me and promptly approved by me in the iMobile APP has not been properly handled by ICICI Bank. I tried several times for the past 2 days to check up Transaction History. But it is not opening. Now, you and I have to watch for blocking of amount by ICICI BANK but I doubt it may not happen. Just now checked ICICI NET Banking. Not blocked till the posting of this message.
@ Avenue I also face such issue first time I am always apply through bob upi and sbi upi Aapki application submit hui hogi but amt block hona chahiye Amt block hoga uska hi allotment chances hoga
163.13. DEVBULL| Link| Bookmark|
June 2, 2022 10:38:20 PM
Top Contributor (400+ Posts, 100+ Likes)
@Avenue. Mandate received second time at 10.06 pm. I approved it successfully at 10.21 pm. But, same is the result. Two SMS received simultaneously at 10.26 pm; first one for blocking and second one for unblocking. Check ICICI NETBANKING. Amount is not blocked.
Everyone... Please try to accept Fidel UPI mandate again...
I just now retried second mandate received from ICICI and this time money has been blocked...
sorry for last minute but I tried just now..
162.1. DEVBULL| Link| Bookmark|
June 3, 2022 12:14:21 PM
Top Contributor (400+ Posts, 100+ Likes)
@Avenue. Third time mandate received in the morning. I approved it at 11.48 AM. To my misfortune that also got failed. Hell with the system. Lesson learnt; never ever go for UPI payment method for IPOs.
I don't think UPI limit has anything to do with mandate of IPOs... generally UPI limit for funds transfer is 100000 per day.. but I don't think this apply on IPOs.
Received second mandate just now in one account.. accepted and funds are blocked..in second account it again failed..so I think one valid application..
160. snipperRaj| Link| Bookmark|
June 3, 2022 8:37:31 AM
Top Contributor (300+ Posts, 200+ Likes)
Any body can confirm if upi working for this now? I still have to accept one mandate?
Bob tells me that upi limit is 1 lakh per day not more than 1 lakh so my upi mandate got rejected by bank. Sebi should look into this issue immediately.
Got second mandate just now on Bhim UPI... accepted and funds are successfully blocked in one account... Mandate failed in second...
158. K.Atar| Link| Bookmark|
June 3, 2022 7:37:02 AM
IPO Guru (1000+ Posts, 700+ Likes)
Learnt from this, never rely on UPI, I tried by edelweiss and after mandate block failure looked for the reason of it in edelweiss, it showed *upi id verification failed by exchange*. Then applied by Asba.
What if someone apply 2 lots ( I have applied in hurry insted of 1 lot) .. It become HNI application.. Is there any chances of allotment.. Please reply ..
Now we have a reason to buy, not sure whether it will be in our reach.
156.2. snipperRaj| Link| Bookmark|
June 3, 2022 12:00:49 AM
Top Contributor (300+ Posts, 200+ Likes)
Mostly retailer application in upi. Infact this will buying on listing. More buyers will be there. Will list real good
156.3. Smile.| Link| Bookmark|
June 3, 2022 6:51:44 AM
IPO Guru (1600+ Posts, 900+ Likes)
Due to upi issues, Actual subscription is very less. Thinking that at least one should get accepted, all applied from family accounts.
155. Kami| Link| Bookmark|
June 3, 2022 5:54:23 AM
Top Contributor (300+ Posts, 100+ Likes)
i also get second mandate i was happy and decided to accept in the morning but today when i accept the mandate is crashing everytime faltu m hopes up hogay
154. GJ 😀| Link| Bookmark|
June 3, 2022 1:57:00 AM
IPO Mentor (1600+ Posts, 400+ Likes)
Posting it again on behalf of everyone else, please cooperate
whoever is accepting now (after 05.00 PM 02-Jun-2022) please update your status here if it works or fails this time too if yours fails, so that others can wait for some time more instead of losing a good chance of taking part in this good IPO
There is a technical problem going on with accepting mandates. As soon as one fails, delete your application and apply once again, and DO NOT accept now. Wait for a few hours and then accept.
Also, whoever is accepting after some time please update your status here if it works or fails that time too so that others can wait for some time more instead of losing a good chance of taking part in this good IPO
@GJ. Yes server network overload and data congestion may be the reason, especially for people accepting mandates instantly..... But on the contrary this was a merely 13 Cr. SMP IPO with too less applications of atleast 1.11L and with no other simultaneous IPO, as compared to regular mainboard IPOs of 1000 Cr. with huge application load. It is hard to digest that this will generate that much traffic to block the system causing malfunction...
Anyways lesson learnt, use ASBA and avoid UPI as long as you can, and if using UPI accept mandates later in the night or next day...
Anyone using Indusing asba. It was allowing 3 Application per account after march now it is not allowing more than 1. is this rule for sme or even the regular ipo?
According to new rule you can only apply from your bank account. Allmost all banks have banned third part application, aap apne bank account se kisi aur person ke liye apply nahin kar sakte.
148.4. antarix| Link| Bookmark|
June 2, 2022 9:48:46 PM
IPO Guru (1100+ Posts, 700+ Likes)
For Fidel, I have applied from PNB ASBA third party for 2 accounts. For LIC IPO, I applied for 4 accounts from SBI Yono Lite app. So, some banks are still allowing this. Some like SBI has stopped this facility.