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Submitting IPO application through net banking and blocking funds via ASBA was the best method .Blocking funds via UPI is not at all understood
Why SEBI is un-necessarily harassing retail IPo investors. What extra benefit in UPI mode over ASBA is not all understood

Dear Mr. Shiv,
With UPI as the only payment method, SEBI is trying to reduce the time of listing from current 7+ days to 3 days. This has many advantages:

1. Reduce cost for investors as most HNI and FII clients loan the money to invest in IPO and pay interest.

2. Reduce the cost for companies coming up with IPO as it takes less number of days to raise the funds.

3. Reduce the risk for companies and investors in terms of market moments. The risk is higher when the IPO is open for a longer duration.

But the challenge with UPI is, the infrastructure is not yet ready. Once implemented corrected, it will be huge benefit to everyone.