What happens if I do not have sufficient balance in my bank account while accepting the IPO mandate / blocking request?

What happens if I do not have sufficient balance in my bank account while accepting the IPO mandate / blocking request?

If your bank account lacks sufficient funds during the IPO mandate via UPI:

1.     The transaction is declined automatically.

2.     Your IPO application won't be submitted.

3.     You can still apply using other funds.

4.     No penalties or negative impact typically occur.