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Does third party ASBA or UPI IPO application rejected or accepted?

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The third-party ASBA IPO application is valid and accepted by the registrar. Few banks like SBI offer up to 5 IPO applications in an IPO using the same bank account.

The third-party UPI IPO application is not valid. They get rejected by the registrar. The primary account holder's PAN number in the bank account and demat account should be the same when applying through UPI as a payment option.

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1 Comments

1. Ganesh Prajapati   I Like It. |Report Abuse|  Link|Dec 13, 2021 8:19:19 PMReply
In Kfintech accept third party upi. but linkintime not accept. i know this time. i already applied 8 third party upi in linkintime. big mistake. i feel very guilty.
In past TEGA and NYAKAA IPO not get any allotment in linkintime.

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More IPO Basics Questions...

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  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?
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  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?
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  24. Where do I get an IPO application form?
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  26. Tips to choose right IPO for investment.
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  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?
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  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?
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  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 ?
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  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?
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  58. What do you mean by IPO funding ?
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  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?
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  70. What fields make an IPO application unique?
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  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?
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  81. If there is a discount to retail investors in an IPO, at what price should I subscribe?
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  86. How IPO shares price is discovered in early price discovery session?
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  91. Can I apply for an IPO for my friend’s PAN details in my Demat account?
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  95. How to sell IPO shares on listing day during special pre-open time between 9:00AM to 9:45 AM?
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  123. How do I apply in an IPO?
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  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?
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  140. What is the time for After Market Orders (AMO) in Sharekhan and how to place it?
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  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?

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