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1. hitsur   I Like It. |Report Abuse|  Link|August 4, 2021 7:23:16 PMReply
@CHITTORGARH TEAM,
Kindly reply on my query.

This is with regards to minor demate account.
I am having a Minor Demate (my son) in Kotak securities and Bank account with Kotak Bank in the Name of my son.
I am applying almost all the IPO in my Minor son name from his own Kotak bank account (Net Banking) through ASBA.
But, in ASBA the PAN detail was entered by Kotak Bank is of Guardian Pan detail (Means Father PAN Detail is entered and not Minor PAN DETAIL)
In the recent IPO "ZOMATO" i have asked the query to the registrar for not allotment.
Below is the reply i have received.

Please be informed that there was a mismatch between PAN number captured as per bid file AXxxxx907F and that registered in your DP (Demat Account) CHxxxxx38P and hence your application was rejected under technical reason " PAN/ GIR Mismatch". Your entire application money stands unblocked in your account.

Kindly guide me, what s the best way i can apply without rejection of IPO.

Is it 3rd Party application accepted.
1.1. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|September 15, 2021 10:41:22 PM
Dear Sir,

This is correct as Kotak Bank doesn't offer 3rd Party IPO applications.

Banks like following offers 3rd Party IPO application:

State Bank of India (SBI)
Axis Bank
Bank of Baroda
RBL Bank
IndusInd Bank

You can use any of these above banks to apply in IPOs in different demat accounts using the same bank account.
1.2. Rahul Rahul   I Like It. |Report Abuse|  Link|June 25, 2023 6:28:16 PM
EVEN Indus bank is not allowing registration os ASBA participant other than account holder saying pan mismatch with account holder.