For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

7 Points To Note Such That Your IPO Application Is Not Rejected

|

At a time when primary market is buzzing with IPO offers and we are witnessing that the market is being tapped by around 1-2 new companies every week and the splendid listing is providing a reason to cheer to the successful allottees. So, the IPO applicant while applying for IPO as offered by the new company should be aware of the following points so that their application is not rejected on any ground such as incomplete or duplicate applications being submitted by the applicant.

 
7 Points To Note Such That Your IPO Application Is Not Rejected

Never apply more than one application: Say in a case if you maintain 2 or more demat accounts with different brokerages and you make multiple applications for one IPO, being the same applicant, then the bid shall be considered invalid and you will not secure the IPO shares.

PAN linked to the Bank should be same as IPO Applicant PAN: Since the Banker has key role in refunding the IPO Application money at the time of rejection of Application the Applicant should make payment or block payment (ASBA Process) from the same PAN linked bank account for each IPO Applicantion PAN otherwise it shall be rejected.

For HNI Application's never select Cut Off Price: The HNI Investor who agrees to invest more than 2 Lacs Rs in the newly listed IPO shall not checkbox the Cut off Price option as the HNI Investor is allotted shares at Upper Price of the Price Band as indicated in the Prospectus. Cut off price is the

For Retail Institutional Investor Application's always select Cut Off Price: The Retail Institutional Investor who can invest upto Rs 2 Lacs in each IPO should select Cut off Price while submission of IPO Application form. The cut off price is the offer price at which the company is ready to allot its shares to its applicant shareholders.

For Retail Institutional Investor Application's applying under shareholder's quota: The Retail Institutional Investor who can invest upto Rs 2 Lacs in each IPO should select and apply for shares under the shareholder's quota which is being provided by the parent company if any as informed in the prospectus. However, such shareholder's shall consider the record date for holding of such parent companies such to become eligible for applying in this quota.

 

Demat Account should be Active: The investor should clearly watch out while filing IPO Application forms its Demat details should be correctly filled up and the demat account should be active and not be dormant.

IPO Application's is being accepted beyond time limits: Many offline modes accept the IPO Application till last minute to raise the subscription numbers where these last minute rushed up IPO Applications are outrightly rejected and not considered in the lottery system of allotment.

GoodReturns.in

Read more about: ipo initial public offer
Story first published: Saturday, August 7, 2021, 23:21 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X