@Monster Zero thanks for the experiment, even if it failed we need more such confirmation as I'm sure many retailers like me are confused about this.
@crsl ,
I think the key point in the post of
@Ankur Goel is that "....and person who is using same upi to apply multiple applications can not distinguish who is sending the request." - I totally agree with this. It can actually confuse anyone even in case of a single application, as much as I've noticed so far.
To clarify, and please correct me if I'm wrong, that would be very helpful to many - imagine I applied for an IPO, and around the same time another malicious person also applied using my UPI ID. The request arrives an hour later (assuming high rush) and I can't verify that the request is for my application or someone else, as the request doesn't show application ID or any other verifiable info to relate it to the application.
Now assuming it's for my application, I'd approve it, and wait for my trading app to update the status which doesn't always reflect the update immediately.
After the application time is over, my application will obviously fail, but I still can't verify that the hold is still valid for some other malicious application, as hold problems are quite common.