Understanding UPI
UPI ID (also called Virtual Payment Address or VPA) is a unique ID. The investor needs to create a unique payment ID by adding his/her bank account details....
Thu, 16 Dec, 2021 at 11:47 AM
Investors need to fill in the bid details along with his UPI id linked to his/her own bank account The limit for IPO application is 2 Lakhs per transact...
Thu, 16 Dec, 2021 at 11:47 AM
Investors can place up to 3 bids in an IPO application. For instance, the price range of an IPO is Rs. 100 to Rs. 120. investor can place the following bi...
Thu, 16 Dec, 2021 at 11:48 AM
No, applications made by retail investors using third party UPI ID or by any category of investors using a third-party bank account are liable for rejection.
Thu, 16 Dec, 2021 at 11:48 AM
Yes, after placing the order, you will receive an SMS confirming your bid and requesting you to accept the mandate on the UPI app. Please visit your UPI app...
Thu, 16 Dec, 2021 at 11:48 AM
In case you have not accepted the mandate on your UPI app, your IPO application is liable for rejection
Thu, 16 Dec, 2021 at 11:49 AM
In case of modification, you need to accept the revised mandate as received on your UPI app.
Thu, 16 Dec, 2021 at 11:49 AM
The money will be blocked until the finalisation of allotment, post which the amount equivalent to allotted shares would be debited and balance amount (in c...
Thu, 16 Dec, 2021 at 11:50 AM
After the closing of an IPO, the finalisation of allotment happens by the third working day also, called the basis of allotment date. On the fourth working ...
Thu, 16 Dec, 2021 at 11:50 AM
In case shares are not allotted/ partially allotted, the amount blocked shall be unblocked. The amount is deducted only when the shares get allotted. Only t...
Thu, 16 Dec, 2021 at 11:50 AM