1. As per RHP of IRCTC, there is no mention about proprietorship accounts, even though partnership is available under who can apply. Hence, proprietors cannot apply 2. As regards joint accounts, the RHP does not say anything. SEBI guidelines also do not cover such joint accounts. Banks should categorise such applications as OWN account and inform RTA as NOT third party accounts. Hence, it depends on Bank's understanding and interpretation. Till such time a specific guideline is given, my opinion is that Bank can classify joint accounts as own account i.e. first holder in the ASBA form is the second holder in bank account should be treated as own account.
I have two different name bank accounts, but mobile number of both account is same. Is there any problem for Online Asba applying ??? Pl. give your valueable knowledge.
Mobile number can be same.. but all other like Bank Account, PAN associated, Depository Account needs to be different ... then only it will be considered a separate application
IRCTC is an extraordinarily good IPO, says Ramesh Damani "The government had to act decisively because there was an absolute sense of pessimism and 'given up' feeling, which has gone," Damani said.
On IRCTC IPO, Damani said, "Indian Railway Catering and Tourism Corporation (IRCTC) is an extraordinarily good initial public offering (IPO). Look at the whole public sector, people make a huge mistake in understanding public sector and I watched them for 30 years. They lump the baby and the bathwater together. You should not confuse the baby with the bathwater. There are some great public sector undertakings (PSUs), a lot of the recent listings, for example, are railways and defence offer extraordinary values. IRCTC is an extraordinarily well-priced IPO."
As per SEBI guidelines, below 200000 amount UPID is compulsary, please apply through UPID and not THROUGH Net Banking. Your forms will go but you will not get allotment. I have conform with Motilal Oswal & with other brokers.
I think noob hitesh applied with upi now he feeling depressed ???????? so telling everyone to apply with upi. Ipi has lots of issues ...Go with your netbaking ???? nothing to worry about it good luck..upi can fail anytime
Zerodha Dmat Account holder can apply online using UPI Id ..... https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/how-to-apply-for-ipos-and-how-to-stay-informed-of-new-ones
For those who are worried about Net banking and online ASBA ????
124.2. Medge| Link| Bookmark|
September 30, 2019 3:20:08 PM
IPO Guru (1300+ Posts, 2000+ Likes)
I was expecting this first from zerodha only as they are always ahead in terms of features than other brokers (except 3in1 account brokers). Good provision by Zerodha.