Polycab India Limited IPO Message Board (Page 39)

Today RII have channels I to III where RII can apply through, Channel IV is new UPI based channel

Channel I (Saving Account ASBA facility)
Investor may submit the bid-cum-application form, with ASBA as the sole mechanism for making payment, physically at the branch of a SCSB, i.e. investor's bank, or online, if such facility is provided by the SCSB. For such applications, the existing process of uploading of bid and blocking of funds in investors account by the SCSB would continue

Channel II (3 in 1 accounts ASBA facility)
Investormay submit the bid-cum-application form online using the facility of linked online trading, demat and bank account (3-in-1 type accounts), provided by some of the brokers.

Channel III (Submit IPO form with intermediary / broker)
Investor may submit bid-cum-application form with any of the intermediary, along with details of his/her bank account for blocking of funds. For such applications, the intermediary would upload the bid in stock exchange bidding platform and forward the application form to a branch of SCSB for blocking of funds.*

Channel IV (New Channel)
A RII would also have the option to submit bid-cum-application form with any of the intermediary and use his / her UPI ID for the purpose of blocking of funds.


Now as per below clear Note Only channel III which RII can not use after Phase I

"*For Phase IIandPhaseIII, the RIIs will have the option to use only Channel I, II and IV for making application in a public issue"

So those are in assumtion that Online ASBA will go away they are wrong, In simple line channel III is only going to replace by Channel IV.
Channel I and II will going to be there for RII, along with new channel IV

Ref https://www.sebi.gov.in/sebi_data/attachdocs/nov-2018/1541067380564.pdf
please go through

In channel no 111 , Investors used to ask the broker to bid to issue , The broker used deposit the application to bank which created lot of time and in some cases there where no funds in accounts To avoid this loop hole , channel no 1V has come in ,
that is simple words you have to block the money when you bid for ipo
so channel 111 will replace channel 1V
THE time period of the listing of the issue will be reduced later on , once 1v works
the other channel 1 , 11 will continue
This is what i understand
pl contact your broker for further clarification

phase 1 complete after this ipo.

after this ipo upi and asba mandetory for apply .

To generate UPI PIN we must have debit card and banks are not allowing to issue debit card for below type of accounts.

- Minor account below 12 years (almost all banks)
- Sr Citizen accounts (not all banks allows)
- HUF account (only few banks allows)

If UPI is mandatory and online ASBA go away even after 1 year then banks need to change their rule about issuing debit card, or NPCI should provide a way to generate UPI PIN without debit card.

ASBA and UPI both will continue. one condition is>> one bank account one application. so that there is a level playing field. so no more 5 application from one account.

RVNL IPO - may be From 29 March to 03 April - 253,457,280 shares being offered with Retail Discount

It's clearly show in sebi new rules of IPO that
Online asba process is continue even after phase 2.

Asba and upi option will continue for apply ipo.

Yes, I am in same understanding online ASBA will not go away even after all phases of UPI implementation.
Due to unclear information people are Miss guided.

Excellent Co. with good business model

A quality IPO after long time..........