I have two demat account one with ICICI Direct and another with HDFC Sec. Both of them offer online application to apply IPO online. I have a query that -Can I apply through both the above account? or is there any restriction in it.
I have two demat account one with ICICI Direct and another with HDFC Sec. Both of them offer online application to apply IPO online. I have a query that -Can I apply through both the above account? or is there any restriction in it.
You can apply from any of the account, but if you apply from both the accounts than the allotment will not happen to you. Because at the time of allotment they check with PAN no. and if they find similar PAN no., they will remove you from the list.
Amit
Pls follow Rules/Guidelines @ PolicyWala
“The happiest people are not those who live on their own terms…but are those who change their terms for the ones whom they love”
Thanks Amit. But I have forget to mention in my previous post that one of my account in joint account with my wife. So if my wife and I apply, still would the IPO shares not allotted to me?Originally Posted by CA_Amit
Normaly they take the primary demat holder name and PAN card details. So if you are the primary account holder than you avoid applying from both accounts, but if other wise go ahead and apply.
Amit
Pls follow Rules/Guidelines @ PolicyWala
“The happiest people are not those who live on their own terms…but are those who change their terms for the ones whom they love”
Queries -
1- If an issue is oversubscribed.what happens to exta money we paid, when is it returned back [usual time frame]?
2- In partial payment option in some cases, extra money paid at the time of application, when is it returned back [usual time frame]?
If it's oversubscribed, and if shares are not allotted to you, you will get the refund in one-two day before the listing.
'When someone shares something of value with you and you benefit from it, you have a moral obligation to share it with others.'
Usually receive before listing.
The excess money should get alloted to you before listing and you should able to trade on the opening day itself.Queries -
2- In partial payment option in some cases, extra money paid at the time of application, when is it returned back [usual time frame]?
* SAFE
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