Dear Rajas,
Thanks for sharing your experience.
Could you please drop an email to the registrar i.e. tatva.ipo@linkintime.co.in and ask them this question?
As per SEBI rule, it should be rejected. Check the details as below:
SEBI FAQs - Use of UPI with ASBA in IPO
https://www.sebi.gov.in/sebi_data/faqfiles/feb-2021/1612858586666.pdf
16. Can I use third party UPI ID or a third party bank account for making payment in public issues?
No. Applications made by retail investors using third party UPI id or by any category of investors using a third party bank account will not be considered valid for allocation.
17. Are second / third / joint account holders in a bank account restrained from using the same account for payment in public issues?
No specific restriction has been imposed by SEBI on use of bank account by second/third/joint holder. However, third party applications will not be considered valid for allotment.
Thank you,
Admin @ Chittorgarh.com
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