You didn't get the point brother. This guy is ask how can we know that the application got rejected due to any technical reasons be it mismatch in pan and bank account, 3rd party upi payment or multiple application form same PAN. He is not asking for non allotment...
When you check for your allotment and it says record not found rather than showing no of shares alloted or not alloted it means your application was rejected
363.7. Krishna T ✨| Link| Bookmark|
December 19, 2023 11:13:10 PM
IPO Guru (1600+ Posts, 900+ Likes)
🚀🚀🚀 No easy way, let me give you real example: We applied FF Sai Silks retail and got allotment in all accounts except 1. It was confirmed allotment who applies in retail. I asked bigshare and they didn't provide real problem. Next day, i was supposed to buy 1 Tata Motors share and it failed. I checked KYC and realized customer's address was changed so quickly recalled RE-KYC pending so fixed address in demat, updated KYC and fixed the issue. After that, i allowed to buy/sell/ipo allotment. We have to do periodic KYC and they check once in a year and fails demat if any issue. Shares won't be allotted too in terms of real allotment for IPO. Some registrar can also have such mechanism.
🚀🚀🚀 How can we check instantly? Buy/sell 1 share if that is the issue. If that is successful then 99% your demat is fine KYC point of view.
🚀🚀🚀 How you can validate KYC? https://validate.cvlindia.com/CVLKRAVerification_V1/ https://eservices.nsdl.com/instademat-kyc-nomination/#/login
🚀🚀🚀 Is this enough? No, registrar can have multiple reasons to reject. Like 3rd party, own mistake, unsuccessful bid, mandate issue, or software problem etc. Nature of rejection is difficult to know until you investigate entire case and get reply from parties. CDSL/NSDL might have different KYC mechanism instead of mentioned above. This is example for NSDL which is used by ICICI direct. Also, please note that every registrar is different and their software would be also different to randomly select the allottes according to subscription in each category.
@Krishna T ✨ Sir, What is the process for getting REKYC done? In one of my family accounts, there was an address change. Although I am able to buy/sell shares in that account, I haven't been getting any allotment there. I have done the CVLKRA Verification also but it did not flag any issues.
@Shahbaz Banwa you got the point right Thanx @Krishna T ✨ For the elaborate reply I was concerned about the fact that will we ever get to know if the application was rejected due to some mistake or i was not alloted shares
Actually i had submitted a branch application BHNI for inox and at the start the bank staff made some mistake so the bank manger asked the employee to cancel it and apply again but he didn't verify and submit the first application But at the time of filing the 2nd application the application no changed I was just concerned is my application valid or not??
I remember, "battiyan buja do, ki neend nahi aati hai... Battiyan bujane se bhi neend nahi aayegi..." IPO allotment hume kis modh pe le aaya, ki dil kare haaye, koi ye bataye kya hoga..
Looks like allotment process is delayed from exchange side specifically BSE. Even the allotment of Siyaram Recycling SME is awaiting approval as confirmed by registrar Cameo VP.
This is the most frequent SMS format I get for my SBI ASBA application in case non-allotment. I remember similar message in case of allotment followed by debit message but could be wrong... long time back. Just check your account history from Yono, if no debit means no allotment.. otherwise Cheers...