Indian Railway Finance Corporation Limited IPO Message Board (Page 63)

AXIS capital in its message on IRFC IPO clearly mentioned that third party ASBA and UPI forms will not be accepted.

Sir, same peculiar things happening in Union Bank of India. I was having corporation bank account and regularly applying ASBA through Corp netbanking. Post merger of corporation bank, it is not possible to register third party investor details in union bank of india.
Till now IMO, sbi is best option to apply 5 different applications.

TECHNICALLY 3rd party application is still allowed...but legally such applications are liable for rejection...

Decent and good names 👍🏼👍🏼

All are gems .
We can expect gmp increase
Hope it will increase

Simple you are applying your friend or family members application details with your net banking (ASBA) . For IPO.( From your ban account )

Okay thanks for your support
My bid - my demat- my bank - my GPAY or ASBA will be no problem.
My application reject if I bid for my family from my bank account.

@JUSTVIKRANT

UPI is not allowing third party applications .

But some banks allowing third party up to 5 applications including own bank member ( family and friends...) ASBA

Your bank ?

which banks support that

you mean, Gpay is not supported for this ipo? only use Asba or bhim Upi?

@JUSTVIKRANTH

I am saying towards third party . UPI Not allow any third party ,

But
Some banks allow third party through ASBA

Yes - My bid - my demat- my bank - my GPAY or ASBA will be no problem.

@JUSTVIKRANT
Hello!
To make it simple.....
1. You can use Bank''s native UPI ID (You can find this option in the Mobile Banking App of respective Bank and highly recommended!)
2. You can use PhonePe, PayTM and BHIM apps for all banks. (if you have created a UPI ID on these apps)
3. Google Pay can be used only with ICICI, HDFC, AXIS and SBI Bank Accounts.

Coming to your main question....
1. Your Bid > Your Demat (with your PAN linked) > Your (any) bank(s) (with same PAN and same "First" Account Holder) = ACCEPTED for UPI Mode.
2. Your or F&F''s Bid > Your or F&F''s Demat (with your / their PAN linked) > Your SBI, Axis, BOB or some other PSU bank(s) = ACCEPTED for ASBA Mode (Upto a max of 5 Applications).
Note: F&F stands for Friends and Family Members (3rd Party).

My bank account is in Kotak mahindra. Last time i applied mrs bector foods from same bank account using gpay, i got 1 set. Same process for this ipo Right?

Paymzia ji please elobarate the method of applying little more because generally we log in the account in SBI then go to services and open demat then IPO and clicking on the desired IPO the page opened and five options are visible.After making the bid at first option the ammount is blocked for perticular demat in the logged in bank account only then how to get blocked in third party?If we are bidding in the second option and on the same cut off price will it not be a duplicate block?in any case how the block will be another family member account .Please clarify

If you want apply for IPO then it is good to apply online through your net banking .

FOR OFS apply through trading account have.
You must have funds in the trading account.

Thanks you Paymzia for your reply.
Is there is a problem with applying ipo on demat account ?
Does it will decrease my chance of get shares of any ipo,because my father does not use net banking,he is very sceptical about it .

@arunArun,
Interesting observation on the two IPO.

Time to see the anchor list of two IPOs, especially IRFC because it is the first govt company to have anchor book.

just checked they have added this feature previous it was not their

Yes, you can apply
But there is one drawback, you can apply only one demat account application
Multiple applications are not supported

Physical form?
Or you want apply ?

Physical form