Hey

I have two Demat acs one with ICICIDirect and another with Indiabulls. I have an query regarding IPO. Now If I applies for an IPO (Same IPO) thru both the Demat Acs.
Query -
1- So would both the bid will be approved or rejected? And Is it a valid thing to do.
2- Or will reject one or there will be no problem for the another.

One of my friend told me that that the company will track the Person of the Demat accounts (with the help of PAN No.) and if he had applied for the IPO with two acs in the same name so they will reject both the application.

Please Clarify. Waiting for your response.

Thanks
RN

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