Can I Apply IPO With Different Bank Account?

Can we apply for IPO after 5pm?

In case of online IPO application the deadline for applying in an IPO on its last day varies from broker to broker.

In physical IPO application through your broker, it can be 5 PM on closing day.

Bank wise cut-off time for applying for IPO shares on the issue closing day..

Can I apply for IPO from multiple accounts?

No, one person cannot apply multiple times through multiple applications for an IPO. It’s a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected.

How can I increase my chances of an IPO?

In ipos which highly over subscribed and the good listing gain expect ipos multiple accounts have more chances to have an allotment.Go for minimum bids, No big applications. … Apply with different application numbers. … Select cut off price / higher price band. … No last moment subscription. … Fill the details properly.

Is UPI ID mandatory for IPO?

Getty Images Over time, UPI ID could be made a mandatory payment mechanism for IPOs. … Sebi has now allowed investors to use their UPI (Unified Payment Interface) ID as a payment option for IPO issues. Obtaining UPI ID. An applicant can use an existing UPI ID, which is linked to his or her bank account.

Is UPI mandatory for IPO?

UPI mechanism is made mandatory for retail investors for IPOs (Mainboard and SME) starting from July 01, 2019. … Exchange validates PAN and Demat account details of the investor with NSDL/CDSL. Post validation, the Exchange shares the bid details along with investors UPI ID to sponsor bank.

Can you sell IPO shares immediately?

Can you sell Pre-IPO shares immediately? No, the Pre-IPO shares have a lock-in period of one year. It means you can’t sell stocks before one year from the date of listing.

What is cut off price in IPO?

In an initial public offer (IPO), a cut-off price is the offer price, finalised by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. It is different from a floor price, which is the minimum price at which bids can be made.

Can IPO be applied without demat account?

Yes, you can apply for an IPO through ASBA facility of your bank. You don’t need a trading account to apply for an IPO. However, you need a demat account for credit of shares if shares are allotted to you.

How do I know if my IPO is allotted?

Answer – In order to check the IPO allotment status, you need to visit the registrar of the company’s official website. You need to provide the details as asked in the allotment status section of the website i.e. select the IPO, enter PAN number and DP client ID.

Which bank is better for demat account?

Following are 5 best banks to offer demat account: ICICI Bank. HDFC Bank. Kotak Mahindra Bank.

What happens if I do not get any shares but my money remains blocked when applying IPO through UPI?

56. What happens if I do not get any shares under the public issue process for applications made using UPI for payment? In case you do not get any share allotment, the amount blocked in your account will be unblocked.

Can I apply IPO with different UPI?

Sebi has now allowed investors to use their UPI (Unified Payment Interface) ID as a payment option for IPO issues. An applicant can use an existing UPI ID, which is linked to his or her bank account.

Is IPO first come first serve?

IPO allotment doesn’t happen on the basis of who applied first or the first come, first serve basis. If the IPO has not received good response from the investors and it is under subscribed then you may get allotted as many lots you have applied for. …

Can I apply IPO from two different account with one bank account ASBA?

The allowed number of ASBA IPO application per bank account varies by the bank to bank. Some banks like SBI allows up to 5 IPO applications per bank account while other banks like ICICI Bank only allow 1 IPO application. If the bank allows multiple applications, it doesn’t matter whose name these applications are on.

Can I apply IPO in the name of family members & friends from my saving bank account?

Yes, you can apply in the name of family members & friends. Yes, you can make IPO applications on behalf of minor or HUF. However, the demat account should be in the name of minor or the HUF. … No matter from different savings accounts from the same or different bank account.