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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.



41. ajay   I Like It. |Report Abuse|  Link|December 10, 2023 11:13:35 AMReply
i have 2 accounts
diff names mom and son
2 diff dmat accouts - 2 diff bank accounts
2 diff pan nos.
but mobile number is same.
will my applications be rejected?
41.1. Shivshankar   I Like It. |Report Abuse|  Link|February 4, 2024 9:11:57 AM
did u got ur answer??
40. Lenin N   I Like It. |Report Abuse|  Link|January 31, 2024 4:11:09 PMReply
Can I apply two different ipo (e.g tata and bls e service) at a time from single demat account
39. Ansil   I Like It. |Report Abuse|  Link|January 24, 2024 2:58:25 PMReply
I have 3 different pan-card 3 different bank account. Can I apply 1 upi payment so that is valid application or not.
38. E KUMAR   I Like It. |Report Abuse|  Link|December 14, 2023 11:20:06 AMReply
I have one Demat Account in that i can apply the HNI Category and Retail Category also please Confirm
37. Vaibhav   I Like It. |Report Abuse|  Link|November 24, 2023 11:46:47 AMReply
I applied to same IPO from different brokers before I knew that if it is not allowed. Will one of my application for ipo be valid if I cancel the other application?
36. Neeraj   I Like It. |Report Abuse|  Link|November 23, 2023 11:11:17 AMReply
Is it possible to apply in a IPO with single PAN and single De-mat but three applications in Employee category, Shareholder category and Retail investor category
36.1. Ravi Gohil   I Like It. |Report Abuse|  Link|November 24, 2023 10:55:38 AM
Reference: chittorgarh website (6. IPO Allotment to Shareholders):
If an investor bids in the shareholder category up to an amount of Rs 200,000, he may also bid in the Employee category (if applicable) up to Rs 200,000 and any other category. Such bids will not be counted as multiple bids and will have a chance to get allotment in respective category as per the criteria explained above for each category.
35. Vikas   I Like It. |Report Abuse|  Link|November 23, 2023 1:37:03 PMReply
I have a single holding demat account and a joint holding demat account(I am the primary holder). Can I submit two IPO applications from two demat accounts?
34. Mohit   I Like It. |Report Abuse|  Link|September 6, 2023 12:13:56 PMReply
Sir I have 3 pan card and 3 demat account can I applied ipo by one UPI ID
34.1. SXGXR   I Like It. |Report Abuse|  Link|November 7, 2023 8:17:57 PM
Yo man Yo. You can.
33. Abhi   I Like It. |Report Abuse|  Link|August 4, 2021 11:26:52 PMReply
Can i apply multiple company's IPO at same time with same account?
33.1. SXGXR   I Like It. |Report Abuse|  Link|November 7, 2023 8:16:30 PM
Yeah. Obviously.
32. lokendra puri   I Like It. |Report Abuse|  Link|August 30, 2021 8:37:47 PMReply
Can i open multiple demat account like my wife my son from my one bank account, and mobile no,and email id
32.1. SXGXR   I Like It. |Report Abuse|  Link|November 7, 2023 8:13:59 PM
Because mobile no. has to be link with your aadhar no. Without that KYC not possible.
31. prateek   I Like It. |Report Abuse|  Link|October 1, 2019 1:01:11 PMReply
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 ?
31.1. Amitkumar Dudhat   I Like It. |Report Abuse|  Link|June 26, 2023 11:00:38 PM
Not possible.
30. Parth   I Like It. |Report Abuse|  Link|September 14, 2022 2:42:58 PMReply
I have my friends demat accounts but i want to apply it from my upi id . Like i apply in 3 ipo from different demat accounts but from same upi id .
Is it consider legal?
30.1. Puneet Verma   I Like It. |Report Abuse|  Link|June 6, 2023 10:32:50 AM
Yes you can apply. It's absolutely legal.
29. Dr Kuldeep Nahar   I Like It. |Report Abuse|  Link|January 10, 2023 12:32:09 PMReply
I have applied two sgb application on same day for 10 units each on same pan no
I got two certificates from RBI for 10 units each and bank statement also showed debit of amounts IN 27 December 22. But my Nsdl and W2w account show only one allotted entry of 10 units. Still noreversal of debited amount in my bank account,
Whether I will get the credit of sgb units or money
28. aditya   I Like It. |Report Abuse|  Link|November 11, 2022 5:47:03 PMReply
can we apply in two Demat account but from same mobile number
27. Harish   I Like It. |Report Abuse|  Link|January 18, 2021 10:32:45 AMReply
Same pan number but multiple demat account
Can I apply in ipo
27.1. Paul   I Like It. |Report Abuse|  Link|November 12, 2021 10:37:43 PM
27.2. sidhant   I Like It. |Report Abuse|  Link|December 13, 2021 6:04:59 PM
Definitely not..
26. Rishabh   I Like It. |Report Abuse|  Link|December 11, 2021 10:34:15 AMReply
Can I apply from same upi ID but the bank linked with demat account is different
25. Prakash chougule   I Like It. |Report Abuse|  Link|September 21, 2021 7:10:44 PMReply

Can I apply multiple ipo applications like my wife my son from my one bank account, and mobile no,and email id but different name,pan,demat
24. Dipankar   I Like It. |Report Abuse|  Link|August 12, 2021 5:31:39 PMReply
I have two Demat account in my family, one against my name with my pan card with X broker and other against my wife's name with her pan card with Y broker. Mobile number given in both the demat account is same as my mobile number is linked with both of us ADHAR card. I have applied in many IPOs with both the demat account but not got allotment in any of the account. is it the reason of mobile no. being same on both the account or it was only a bad luck due to oversubscription as we have applied with two different account and pan. Please advise.
23. Hruthik   I Like It. |Report Abuse|  Link|July 23, 2021 4:14:18 PMReply
I have applied for tatva chintan ipo from zerodha and with upstock with same pan number what shall i do now will the application be rejected or what??
23.1. Shashank   I Like It. |Report Abuse|  Link|July 24, 2021 12:08:55 AM
I have also applied tatva chintan from grow.. sharekhan.. and zerodha.. with same PAN. Can I can any two applications now.. to atleast get a chance in IPO
22. Vipul Gupta   I Like It. |Report Abuse|  Link|February 17, 2021 7:40:12 PMReply
I have applied 2 ipo through same pan, one through ASBA and one from dmat (upi)
And i got one allotment
22.2. Akash guin   I Like It. |Report Abuse|  Link|March 5, 2021 11:41:37 AM
In which ipo
22.3. anand   I Like It. |Report Abuse|  Link|July 21, 2021 12:47:38 AM
both applications were different PAN cards ?
21. bharathiraj   I Like It. |Report Abuse|  Link|December 1, 2020 11:53:10 PMReply
I am applying IPO from 5 different demat account on a single UPI I'd. In this case my application will reject or not
21.1. sagar savaliya   I Like It. |Report Abuse|  Link|July 20, 2021 12:25:40 PM
20. Ashok   I Like It. 1|Report Abuse|  Link|March 4, 2021 1:30:42 PMReply
Can I use one UPI Id to apply IPO for all of my family members?
19. G NAGESHWAR RAO   I Like It. |Report Abuse|  Link|December 15, 2020 10:16:43 PMReply

19.1. Vamshi   I Like It. |Report Abuse|  Link|January 18, 2021 7:57:10 PM
Hello, did your IPO got rejected? How did you cancel it?
19.2. Megha   I Like It. |Report Abuse|  Link|February 18, 2021 8:37:04 AM
There is always a way to modify or cancel the IPO application. Contact the respective bank RM and he/she shall guide you through the online portal.
18. bharmal aziz abbasbhai   I Like It. |Report Abuse|  Link|October 7, 2020 11:30:10 AMReply
Sir i am apply in 1 ipo 1 application thought my bank account in single pan number but when m check application statuts in bse site m show m application 1 pan number but show 2 difference BID show how to posible
18.1. G NAGESHWAR RAO   I Like It. |Report Abuse|  Link|December 15, 2020 10:08:35 PM
sir, I applied an ipo 2 times wrongly due to server problem . how can I remove one out of two

applications . there is 2 days remains for closing ipo.
17. Mookesh M Patel   I Like It. |Report Abuse|  Link|November 27, 2020 2:55:43 PMReply
if i have account in the joint name of A,b & c & apply ipo only on A demate account from joint account ,will it count as third party account & rejected?
16. anurag   I Like It. |Report Abuse|  Link|September 24, 2020 1:53:11 PMReply
bank of baroda allow more than 5 IPO with ASBA will my all application will be rejected ??
15. Prashant   I Like It. |Report Abuse|  Link|September 10, 2020 11:26:46 AMReply
Hi.. I applied ipo from two broker of same pan card but made payment of only one application and cancelled ipo applied from 2nd broker... Is there any problem in this case as I only made payment of one broker ipo application and cancelled second one... Please tell me is there issue in this case??
14. Priyanka   I Like It. |Report Abuse|  Link|December 21, 2017 8:35:46 PMReply
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.
14.3. Kuldeep sharma   I Like It. |Report Abuse|  Link|February 21, 2020 10:28:43 PM
Your amount is reverse in your bank account
14.4. Siddhartha Sarkar   I Like It. |Report Abuse|  Link|September 9, 2020 12:25:59 AM
The money will stay in the other person bank account. Application rejected
13. Ask   I Like It. |Report Abuse|  Link|July 17, 2020 10:47:55 PMReply
Hi ,
If I have applied one application with x demate account & then applied the same IPO with Y demat account but authorized & a vept UPI for only application ,Will both application will be rejected or I will allotted the share in one application ,
Please revert
12. yo yo   I Like It. |Report Abuse|  Link|March 1, 2020 8:40:05 PMReply
Which way is better? To apply through Sharekhan or through Net Banking...? Please guide
11. sudhakar Babu Muddebihal   I Like It. |Report Abuse|  Link|March 1, 2020 9:55:03 AMReply
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.
10. sunil   I Like It. |Report Abuse|  Link|March 9, 2017 1:34:08 PMReply
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.

Sunil Sharma
10.2. D S Shekhawat   I Like It. |Report Abuse|  Link|December 3, 2019 9:40:41 AM
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
10.3. Yasir Khan   I Like It. 5|Report Abuse|  Link|January 9, 2020 1:05:46 PM
can i apply multiple application under different category e.g. retail, shareholder, employee ??
9. arjun   I Like It. |Report Abuse|  Link|December 2, 2019 6:35:54 PMReply
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???
8. Sharad Chandra   I Like It. |Report Abuse|  Link|November 24, 2019 9:04:22 PMReply
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
7. VIMLESH KACHOLIA   I Like It. |Report Abuse|  Link|July 29, 2019 1:36:45 PMReply
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
7.1. Karthik   I Like It. |Report Abuse|  Link|September 27, 2019 7:23:06 PM
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.
6. Jay   I Like It. |Report Abuse|  Link|November 6, 2017 10:14:59 AMReply
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?
5. syan   I Like It. |Report Abuse|  Link|May 15, 2017 1:45:38 PMReply
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.
4. Vicky   I Like It. |Report Abuse|  Link|March 12, 2017 5:55:13 AMReply
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?

3. Akash   I Like It. |Report Abuse|  Link|March 4, 2017 11:35:41 AMReply
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
2. neel shah   I Like It. |Report Abuse|  Link|March 17, 2011 10:18:19 AMReply
is there any circular for rejecting such multiple IPO application under same name / dp account / pan card... if yes then kindly confirm.
1. Srinivas Kini   I Like It. |Report Abuse|  Link|October 22, 2007 9:23:02 PMReply
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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More IPO Basics Questions...

  1. What is an IPO?
  2. Who decides the Price Band?
  3. Who decides the date of the issue?
  4. What is the role of registrar of an IPO?
  5. What is the role of Lead Managers in an IPO?
  6. What is Follow on public offering or FPO?
  7. What is primary & secondary market?
  8. What is the life cycle of an IPO prospectus?
  9. What is the life cycle of an IPO?
  10. What is the difference between Book Building Issue and Fixed Price Issue?
  11. What is the difference between Floor Price and Cut-Off Price for a Book Building Issue?
  12. What is the difference between RII, NII, QIB and Anchor Investor?
  13. As a retail investor I want to apply more then Rs 1 lakhs in an IPO. Can I invest in Non-institutional bidder's category? If yes then what are advantages or disadvantages of this?
  14. Is it mandatory to have PAN number to apply in an IPO?
  15. How many days an IPO remain open for public?
  16. What information should I keep after I submit the IPO application form?
  17. What is 'Market Lot Size' and 'Minimum Order Quantity' for an IPO?
  18. Does applying in an IPO guarantee me to get certain amount of shares?
  19. Investing in IPO's is much less riskier then directly investing in stock market. Is that true?
  20. Can I apply in an IPO through multiple applications on same name?
  21. How many days is the issue open?
  22. What is Basis of Allocation or Basis of Allotment?
  23. Can I revise or cancel my IPO application?
  24. Where do I get an IPO application form?
  25. Can a minor apply in IPO?
  26. Tips to choose right IPO for investment.
  27. Can a person apply in the non-institutional bidder category of an IPO?
  28. What is the minimum & maximum investment one could do in HNI category?
  29. Can I place a buy order during after hour session before the listing date of an IPO?
  30. How one can apply in IPO's online?
  31. How is IPO listing price decided?
  32. What is right issue or RI?
  33. Why does the retail Individual Investor RII bidding status is not getting updated every hour?
  34. What are the risk factors involve in applying in an IPO?
  35. Can both the joint demat account holders individually apply for an IPO?
  36. Why does maximum subscription Amount for Retail Investor is limited to Rs 2 lakh?
  37. What are the determining factors for the selection of an ipo to invest?
  38. How much tax I have to pay on returns (capital gains) for a particular IPO?
  39. What is the procedure to withdraw from an IPO?
  40. How a Company gets listed on stock exchange without an IPO?
  41. For how many days an issue is required to be kept open?
  42. Can minors apply to an ipo ?
  43. What is over the counter trading ?
  44. Can we sell the stock allotted to us in a ipo before the stock gets listed ?
  45. How to fill IPO online ?
  46. What will be the category of 'private family trust' for applying in IPO ?
  47. What will be the category of 'private family trust' for applying in IPO ? Retail Bidder or Non-Institutional Bidder ?
  48. Can private limited company eligible to subscribe in non institutional category?
  49. What do you mean by pre IPO placement? Is it worth to buy any script at the time of pre IPO placement and how will it benefit the customers ?
  50. Who can apply for QIBs in IPO? WHAT is the rules and regulatin for QIBs ?
  51. How many days issue takes to list in the market ?
  52. What is call option and put option?
  53. What is the listing of ipo and how the listing done ?
  54. How many days does it take for a cheque to be cleared for an application of an IPO?
  55. How cut off price of IPO decided?
  56. What is meaning of BID QUANTITY & BID PRICE ?
  57. What is the full form of IPO ?
  58. What do you mean by IPO funding ?
  59. What is the role of 'Syndicate Members' in IPO Processing?
  60. What are the timelines for Book Building IPOs in India?
  61. When maximum number of days for which IPO bid should remain open is 7 (and minimum is 3), why companies go for less than 7 days bidding (i.e. 3, 4 days generally)?
  62. How to apply more than one application in an IPO?
  63. How many IPO applications can be made from one bank account using ASBA?
  64. What are different ways of filing IPO application?
  65. How many IPO applications can submit through online net banking from one bank account?
  66. Can I apply in an IPO from my current bank account?
  67. Can one apply an IPO from sweep in/out saving bank account?
  68. Can I apply IPO in the name of family members & friends from my saving bank account?
  69. Can I apply more than one IPO application in my name from different saving bank accounts in the same bank or different banks?
  70. What fields make an IPO application unique?
  71. If I have joint DP account whom I should consider for applicant in an IPO application form?
  72. Can I apply an IPO application in the name of Minor or HUF?
  73. How many lots in an IPO should I apply to get maximum allocation in retail category?
  74. Does changing the broker, bank account or applying 1st-day 1st-hour change my chance for IPO allotment?
  75. When should I expect allotment of IPO shares?
  76. When should I expect credit of IPO Shares in my Demat Account?
  77. When should I expect release of funds blocked for IPO in my bank?
  78. When should I expect listing of IPO shares?
  79. Till what time I can apply in an IPO on last day of an IPO?
  80. Should I submit three bids of one lot each at three different bid prices in one IPO application?
  81. If there is a discount to retail investors in an IPO, at what price should I subscribe?
  82. I have not marked cut-off but has given bid price at upper band in an IPO application. Does it make any difference?
  83. Why should I bid at cut-off in a book building IPO?
  84. I applied in an IPO whose price band is now reduced. I have already applied in original band & amount stands blocked already. What should I do?
  85. Where can I find the subscription figure of an IPO?
  86. How IPO shares price is discovered in early price discovery session?
  87. How one can apply in IPO's offline?
  88. How i can apply for an IPO online while my broker is not offering IPO facility but i have a demat account.
  89. Is it possible for individual to apply for both retail (below 2 lakh) and HNI (above 2 lakhs) for a IPO?
  90. Is there any eligibility criteria for NII or just minimum investment of Rs 2 lakh is required?
  91. Can I apply for an IPO for my friend�s PAN details in my Demat account?
  92. Is there different application form for NII and retail investor?
  93. If an individual wants to apply in NII quota the procedure is same or different while applying in physical mode and online mode?
  94. Is there any circuits at the time of IPO listing?
  95. How to sell IPO shares on listing day during special pre-open time between 9:00AM to 9:45 AM?
  96. Can we apply for an IPO online on Sunday?
  97. How to sell IPO?
  98. I want to invest for short time so please let me know which IPO will give positive gain?
  99. How to find the old IPO offer document?
  100. I want updates on every upcoming IPO? Where can I get it?
  101. Is there any benefit or disadvantage of applying for more than one lot in an IPO ?
  102. Where can we get the listing date of an IPO?
  103. Can IPO application be made through FD in the bank account?
  104. Can I apply for above 2 lakh in an IPO as a retailer?
  105. How much returns can expect from an IPO?
  106. Can I apply for sme IPO through online banking?
  107. I am an individual and want to invest in IPO what category should I choose?
  108. What does 'DP name' means in an IPO online form?
  109. How to get my lien amount back after IPO?
  110. I would like to invest in an IPO? I am doing it for first time? Could you please guide me in which IPO should I invest ?
  111. How to get information on number of applications of an IPO?
  112. What is the minimum reserve portion for retail category in an IPO. Sometimes i find 35% but sometimes even i find 10%. please clarify.
  113. Can I apply for an ipo through ASBA facility of my bank without having trading account?
  114. What is the difference between IPO issue price and listing price?
  115. How many days are required to launch an IPO after getting SEBI's nod?
  116. How can I know the exact date of an IPO?
  117. What is the difference between Upper Price and Cut-Off Price for a Book Building Issue?
  118. I have marked cut-off but has taken bid price at lower band in the IPO application. Does it make any difference?
  119. Where can I get the list of all Registered Main Syndicate member list with contact number for an IPO?
  120. Can I make payment for an IPO from my father's or someone else's account by registering through ASBA?
  121. I have mistakenly filled incorrect DP Id in my application. The IPO is closed now. What should I do?
  122. Can I apply for an IPO by taking a loan?
  123. How do I apply in an IPO?
  124. What is the difference between Public Issue, Right Issue, Bonus Issue and Private Placement?
  125. Explain Steps in an IPO Process?
  126. Can I cancel my Bid for online IPO order?
  127. What is the difference between Fixed Price Issue and Book Built Issue?
  128. What are the different types of investor categories?
  129. Will I get the acknowledgement of receipt for applications submitted through ASBA from the SCSB?
  130. Can one person apply an IPO in the retail category as well as NII category at the same time?
  131. Can a retail investor (meaning not super rich) apply under NII quota, or is there a certain eligibility?
  132. Can a person apply in the NII and retail investor category in two separate bids?
  133. What are the pros and cons of applying in NII quota? Are there more chances of allotment?
  134. How different is QIB from anchor investor?
  135. Are HNIs allotted from the NII reserved allocation quota of 15%?
  136. When applying in an IPO, do we apply in lots or can apply as per the money that we want to invest?
  137. I and my wife have a joint demat account. Can we apply for an IPO using the same demat account with a joint bank account or from different Bank accounts?
  138. How to select HNI as a category while applying online?
  139. Is it possible to Apply IPO using BHIM application?
  140. What is the time for After Market Orders (AMO) in Sharekhan and how to place it?
  141. How to apply for IPO online from a private limited or LLP Company demat account?
  142. Is third party ASBA allowed in IPO application?
  143. Is third party UPI accepted in IPO application?
  144. Does third party ASBA or UPI IPO application rejected or accepted?
  145. What is IPO oversubscription?
  146. What is the difference between HNI and NII in an IPO Application?
  147. What are the pros and cons of applying an NII quota?
  148. Is HNI allotment made from the NII category with a 15% reservation?
  149. How to apply for SME IPO?
  150. Can individual investors apply for SME IPO?

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