in comparison to ASBA, UPI has never been very reliable. People use UPI because they believe IPO subscription is only thing needed for the success of the IPO and if subscription is not sufficient in their view they do not approve UPI mandate to force registrar to reject the application.
It is our choice to chose reliability or ability to force-reject the application already made.
Some of the DPs (like Zerodha) provide only UPI as the payment option for IPO but still everyone has an option to use ASBA from their bank account and use any demat account irrespective of their DP for applying to IPO.
My view.....If one is not confident to apply even on last day then it is better to avoid the IPO all together. Suno sabki par Karo sirf apne man ki.
@Ms IPo, come on it''s no rocket science. It only requires basic knowledge like how to login to internet banking. When people can open demat a/c, can apply using UPI mode, I believe they can very well learn ASBA facility. And per me, UPI is not at all faster than ASBA. Why waste simply for mandate? Also funds are transferred, this is a major con. Old (ASBA) is gold here.
287. lucky boy| Link| Bookmark|
March 25, 2021 10:41:42 AM
IPO Mentor (1200+ Posts, 400+ Likes)
applyed from icici bank asba. amount unblocked... no allotment............