Can I apply in an IPO through multiple applications on same name?

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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.

If you would like to place order for multiple application, it works if you apply one each of your family member's name. But again all eligible family members should have a demat account and a PAN number.

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14 Comments

yo yo
14. yo yo  Mar 1, 2020 20:40 I Like It. | I Don't Like It. | Report Abuse Reply
Which way is better? To apply through Sharekhan or through Net Banking...? Please guide
sudhakar Babu Muddebihal
13. sudhakar Babu Muddebihal  Mar 1, 2020 09:55 I Like It. | I Don't Like It. | Report Abuse Reply
Sir my wife working in sbi who has demat account. Now i want to apply ipo thorugh my sbi internet banking its acceptable or not. If i trnsfer bulk amt to wifes ac then i apply ipo theire higher authority will enquir for money now wt should i do pls clarify. Actually i have internet banking in sbi.
Priyanka
12. Priyanka  Dec 21, 2017 20:35 I Like It. | I Don't Like It. | Report Abuse Reply
Hello! I applied ipo through another person''s bank A/c in my demat A/c.Now,incase if ipo is not alloted than in whose account will the money be credited? In my demat account or that person''s bank Account.
Naresh Kumar Singla
12.2. Naresh Kumar Singla  Jul 26, 2018 15:20 I Like It. | I Don't Like It. | Report Abuse
No, All will be rejectd
Kuldeep sharma
12.3. Kuldeep sharma  Feb 21, 2020 22:28 I Like It. | I Don't Like It. | Report Abuse
Your amount is reverse in your bank account
sunil
11. sunil  Mar 9, 2017 13:34 I Like It. | I Don't Like It. | Report Abuse Reply
Hi All,
I have different two demat account with my name. Now if want to apply in first demat account using ASBA online from my bank and my friend apply using his ASBA bank account to the 2nd account for the same IPO, will this is acceptable?

Any help will be appreciated.

Thanks,
Sunil Sharma
D S Shekhawat
11.2. D S Shekhawat  Dec 3, 2019 09:40 I Like It. | I Don't Like It. | Report Abuse
YES, You can apply no of application who's account opened as demat account with indl PAN No. I mean to say one PAN No demat account apply for one application in any IPO if you have five family members demat account than all five application apply for one IPO
Yasir Khan
11.3. Yasir Khan  Jan 9, 2020 13:05 I Like It. 5 | I Don't Like It. | Report Abuse
can i apply multiple application under different category e.g. retail, shareholder, employee ??
arjun
10. arjun  Dec 2, 2019 18:35 I Like It. | I Don't Like It. | Report Abuse Reply
hi, we have two different demat accounts with upstox, but we only one netbanking account is it possible to apply IPO for both accounts with same bank???
Sharad  Chandra
9. Sharad Chandra  Nov 24, 2019 21:04 I Like It. | I Don't Like It. | Report Abuse Reply
I am having HDFC security demat account. first holder is myself and second holder is my wife.. also have ICICI demat. I am there sole holder. can I apply in IPO simultaneously from both accounts
prateek
8. prateek  Oct 1, 2019 13:01 I Like It. | I Don't Like It. | Report Abuse Reply
I have a demat account so I has applied for IPO, Now I want to apply for IPO on my brother's pan card with my demat account details, is it possible ?
VIMLESH KACHOLIA
7. VIMLESH KACHOLIA  Jul 29, 2019 13:36 I Like It. | I Don't Like It. | Report Abuse Reply
I have same mobile no. in my HUF account so how I bid for IPO application via upi becz. I already applied for 1 application of my personal name
Karthik
7.1. Karthik  Sep 27, 2019 19:23 I Like It. | I Don't Like It. | Report Abuse
I have a similar problem, same phone number given to HUF as well as individual account. I dont understand how to apply for IPO in HUF account now.
Jay
6. Jay  Nov 6, 2017 10:14 I Like It. | I Don't Like It. | Report Abuse Reply
Me and my wife have joint demat account . Can we apply separately for the said account from joint bank account /if not at least from different Bank accounts?
syan
5. syan  May 15, 2017 13:45 I Like It. | I Don't Like It. | Report Abuse Reply
pls some one tell me why i cant track status of any IPO when i apply any bank i got application number but cant track on bse site, but when i apply from baroda bank than immedtly from its application number can view status.
Vicky
4. Vicky  Mar 12, 2017 05:55 I Like It. | I Don't Like It. | Report Abuse Reply
I had applied 3 applications with different pan and different demat account through ANDHRA BANK netbanking.

NSE bidding Confirmation mail, showing as one application Number, one pan number and three order number?

What does it mean?

APPLICATION VALID OR NOT?
Akash
3. Akash  Mar 4, 2017 11:35 I Like It. | I Don't Like It. | Report Abuse Reply
Hi I have two account one with CDSL and another one with NSDL but have same client name and same pan no can I apply same IPO issue twice one with NSDL and one with CDSL ..pls reply fast or msg me on 9999674018
neel shah
2. neel shah  Mar 17, 2011 10:18 I Like It. | I Don't Like It. | Report Abuse Reply
is there any circular for rejecting such multiple IPO application under same name / dp account / pan card... if yes then kindly confirm.
Srinivas Kini
1. Srinivas Kini  Oct 22, 2007 21:23 I Like It. | I Don't Like It. | Report Abuse Reply
If I am an NRI and have 2 demat accounts one for NRO funds and other for NRE funds. Can I apply for the same IPO with 2 applications under same name but with NRO and NRE funds. Will I get shares under both applications.


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