Polycab India Limited IPO Message Board (Page 17)

I heard that with new rules you cannot apply multiple application from a single bank with different demat.

Then why banks are providing this facility ? And on SBI bank's website it is written that we can apply for 5 demat accounts. If there would have been any changes in this rule, I think banks also would have updated accordingly.

SBI is not updating but other banks implemented it. SBI is always lagging in all things. They are lazy

Whose names appear in the bank account will be consider for allotment, others will be rejected even bank allowed it.

Please provide link for this news. I have applied 5 each from SBI and Union Bank of India. I don't see any bank not allowing it.

Yes, even Axis bank allows till date

Hi guys.. This is my 1st post.. You guys are very much intelligent..
I am just a beginner in share market and IPO.. I have applied 2 application from same bank account i.e. SBI.. I just read all messages which u post.. When "abdixit" ask for news, i go to nseindia site then i get this clarification.. Kindly go through this link:

https://www.nseindia.com/invest/resources/download/faqs_ASBA_IPO.pdf

or

https://www.nseindia.com/products/content/equities/ipos/asba_procedures.htm

FAQs on ASBA IPO for Investors

You are right "abdixit" that if there would have been any changes in this rule regarding restriction or cancellation than why banks would have not updated about this. Kindly read Point No. 11 of that FAQs. Because there is only rumors. If i am wrong than please anybody give or share authentic news with proof..