I have applied 3 application from app Axis Bank having different Pan numbers and sufficient balance throughout the period however I have allotment none of the above. In allotment status it is showing applied 10 security allotted 0 Can anybody explain this..... As well as to whom contact to know reason behind such rejection
431.1. Paymzia| Link| Bookmark|
November 19, 2020 3:04:32 AM
IPO Guru (2400+ Posts, 4500+ Likes)
Simple with different pan numbers in one single account that's it .
No, I did use "Cut-off" only. I applied in zerodha. First I applied for 1 lot, then modified it to 2 and then modified it again to 6 lots. In Zerodha you can not apply multiple times, if the lot size is 10 you can apply 60 shares for 6 lots. Did I make some mistake?
430.3. Paymzia| Link| Bookmark|
November 18, 2020 8:35:55 AM
IPO Guru (2400+ Posts, 4500+ Likes)
You did modification may be that's why , you did not get
Thankyou for response everyone. I reached out to Zerodha and I was told this happened because there was insufficient funds in Primary account associated with Zerodha. UPI mandate was approved successfully via different account that is not linked with Zerodha. Its a learning for future IPOs.
429. Eagleye| Link| Bookmark|
November 18, 2020 10:01:54 PM
IPO Guru (6600+ Posts, 21900+ Likes)
I have applied in third party bank account ( in Union Bank of India) in Gland through net banking. In allotment there is showing alloted share is Zero. Today I phoned in Link Intime for zero allotment. But they replied that due to third party bank account application I got zero allotment. As I know We can apply five demat account in any single bank account through NET BANKING. I request to Experts for guiding in this case. Thanks in advance.
There was a circular of SEBI regarding PAN and Bank Account should match of every applicant in IPO. The same rule was already enforced in the case of Application through UPI. But first time this may be applicable through this IPO as per your statement.
424.2. Ankur Goel| Link| Bookmark|
November 18, 2020 6:29:50 PM
IPO Guru (1100+ Posts, 500+ Likes)
In mail message from ICICI Dirct.com today afternoon, it is mentioned that listing date of Gland Pharma Ltd is 19-11-2020. Is it advanced by one day from 20-11-20?
416. Chem cho| Link| Bookmark|
November 18, 2020 4:56:30 AM
IPO Guru (2500+ Posts, 2700+ Likes)
i Have never heard the premium of GMP RS 120 in gland pharma IN MUMBAI so lets wait and watch