FAQ ON IPOs

[Praveen]

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.

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?

[CA_Amit]

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?

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.

[BlackCaps]

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]?

[Policy_expert]

Queries -
1- If an issue is oversubscribed.what happens to exta money we paid, 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.

[>take]

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]?

Usually receive before listing.

[Expert]

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]?

The excess money should get alloted to you before listing and you should able to trade on the opening day itself.

[Vijay_Kumar]

What is the max limit of amount (application money) per application?

[mukesh]

I have applied Coal India IPO for Rs.50,000/-. Now I wanted to increase it to max retail limit of Rs.1,00,000/-.
1- Do I have to make another application?
2- Can I withdraw my old application (Rs.50,000/-) and apply with fresh application of Rs. 1,00,000/-
Please suggest.

[CONFUSED]

What is the max limit of amount (application money) per application?

Retail Applicant - Rs.1,00,000/-