Up to what limit can I apply for a public
issue in UPI?
The limit for IPO application is 2 Lakhs per transaction on
Are second / third / joint account holders
in a bank account restrained from using the same account for payment in public
SEBI Circular only specifies that applications made by
retail investors using third party UPI ID or by any category of investors using
a third party bank account are liable for rejection. No specific restriction
has been imposed by SEBI on use of bank account by second / third / joint
Can I apply multiple applications in same
IPO using same UPI?
No, one bank account one IPO application is allowed.
Can I apply multiple applications in single
IPO with same PAN through different routes?
Only single application per PAN is allowed in single IPO.
Multiple applications with same PAN in an IPO even applied through different
modes (online/physical) will not be considered for allotment.
How do I know that the block request is not
The block request is not fraudulent in case the UPI ID is
marked as a “verified merchant”. Please look out for the indication of a
Verified Merchant tag when you receive the request on your App for blocking the
amount that you have bid. The request is received as a collect request on your
UPI enabled App. Further, also please verify the details including your Bid-cum
application number, amount and other bid details, enclosed as an attachment as
part of such block request.
What happens if I do not have sufficient
balance in my bank account while accepting the IPO mandate / blocking request?
Transaction will be declined in case the account has
What happens if I deregister from the UPI
App after accepting the block request?
De-registration will not be available from the application
until the active requests are revoked / executed.
What happens if I change my UPI ID before
executing the IPO Request?
Execution of the IPO mandate request is independent of the
UPI ID and will be executed against the same account which was linked at the
time of creating the mandate.
What if I do not want to proceed with the
public issue application after submission with intermediary? Can I withdraw my
bid? If yes, how?
As per the extant legal framework, retail individual
investors can withdraw bids till issue closure date. During the bidding period
you may approach the same intermediary with whom the application form was
submitted, for withdrawal of bid.
Are there any additional charges for
transactions done using BHIM UPI ?
there are no charges for transactions done through UPI. Please get in touch with your respective bank for details of
charges, if any.
When will I get my refund if I didn't recieve the IPO's allotment on a listing day?
It will take 3-4 working days for the blocked amount to be released following the IPO allotment date.
additional information please refer NPCI/SEBI website.
of the UPI based ASBA process in IPO:-