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How many IPO applications can submit through online net banking from one bank account?

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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. They could be friends, family or someone else's name.

Please note that only 1 IPO application is accepted per person (technically 1 application per PAN Number). if more then 1 application is filled with same PAN number, all the application under that PAN number will be canceled.
An investor can debit a bank account for a maximum of x application for an issue. This number of specified as below:

Number of IPO application allowed from one bank account

Bank Name

No. of IPO Applications

SBI Bank

5

Kotak Mahindra Bank

5

Axis Bank

3

ICICI Bank

1

HDFC Bank

1
answered

11 Comments

11. zubair   I Like It. |Report Abuse|  Link|Aug 19, 2021 11:52:21 AMReply
I have SBI, KOTAK, and AXIS bank Netbanking so can I apply a total of 13 applications like in SBI 5 Application, Kotak 5 application, and axis 3 application.
11.1. Vimish pitliya   I Like It. |Report Abuse|  Link|Dec 20, 2021 12:43:39 PM
Do we can?
10. Vishal Nandi   I Like It. |Report Abuse|  Link|Dec 15, 2021 12:23:46 AMReply
What does no of application mean

Is that we can apply 5 application in one ipo
Means if we have 2 ipo we can place upto 10 application
9. Manoj Kanekar   I Like It. |Report Abuse|  Link|Dec 9, 2021 11:02:16 AMReply
Anyone tell me...how to add third party beneficiary in kotak net banking???
With details procedure.? Bcoz i have option only my own Demat id.... Please guide me ..
8. Samta Chopra   I Like It. |Report Abuse|  Link|Sep 29, 2020 6:45:50 PMReply
I apply for 5
7. sachin   I Like It. |Report Abuse|  Link|Nov 6, 2021 12:05:55 AMReply
For the IPOs coming in next weee, If i apply for 5 lakh for IPO#1 and another 6 Lakhs for IPO#2 and another 10 lakhs for IPO#3 ...how much money i need to keep in the bank and how much of it will be blocked.
6. Srini   I Like It. |Report Abuse|  Link|Aug 11, 2021 4:07:22 PMReply
If the bank allows multiple applications, it doesn't matter whose name these applications are on. They could be friends, family or someone else's name.
5. AJAY TOMAR   I Like It. |Report Abuse|  Link|Aug 9, 2021 8:07:22 PMReply
Is this limit of 5 application of ipo for 1 month or anything else...please clear it
4. Satej   I Like It. |Report Abuse|  Link|Jul 29, 2021 4:21:41 PMReply
I hv 2 seperate dp account wit same bank n same holder.can I make 2 seperate ipo application
3. Dipak shah   I Like It. |Report Abuse|  Link|Jun 22, 2021 4:16:53 AMReply
Can I apply 3 application from single bank account in online ipo
2. Piyush   I Like It. |Report Abuse|  Link|Mar 5, 2020 1:49:35 PMReply
i JUST CALLED SEBI HELPLINE, THEY INFORMED ME THAT
5 APPLICATIONS PER PAN PER DEMAT, SO PLEASE VERIFY YOUR INFORMATION.
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2.2. Rohit Yadav   I Like It. |Report Abuse|  Link|Oct 6, 2020 4:06:19 PM
I have 3 diff demat with 3 diff pan no.
Can I payment of all three from same upi of sbi?
2.3. Vimish pitliya   I Like It. |Report Abuse|  Link|Jun 16, 2021 1:06:39 PM
Rohit i have same question did you find an answer, are you able to apply with 3 demat A/c with 3 diff. PAN with one upi id of sbi?
1. Dipen Shah   I Like It. 5|Report Abuse|  Link|Jul 1, 2017 11:41:34 AMReply
Can we make 5 IPO applications from one bank account which is a single account holder and 5 different demat accounts of different persons?
i.e Bank account holder is single holder and there are 5 demat accounts
Load more comments (1 replies)
1.2. SANTOSH VISHNU SAWANT   I Like It. |Report Abuse|  Link|Sep 23, 2020 12:50:10 AM
Can I apply 2 ipo application from single account holder and there are 2 demat account one for myself and another my wife demat.
1.3. ipoexpert   I Like It. |Report Abuse|  Link|Feb 26, 2021 9:44:22 PM
yes .

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