17 COMMENTS

  1. In 2004 I opened a Demat account in my name without my surname as in my pancard also my surname was not there. Later I opened a saving account with full name and also got added my surname in pancard.At present my saving account with full name is registerd in my demat account and just wanted to ask will it affect my IPO applications.

    • This shouldn’t be a problem as the accounts are already linked but in any case, the best way to tackle this kind of situation is to update your full name in ALL accounts. It is a simple process to update your name in demat account so would suggest you to do it at the earliest. Happy investing!

  2. Name in Bank account is second holder and in demat account first holder it’s first holder, is there chance of rejection???

    • No, bank account and demat accounts can be in different names. I’ve been making applications of my family members from my bank account.

  3. My asba application was successful for newgen software ipo in 2 different DP/PAN from single SB A/c, but the amount was unblocked for 2 applications before the finalisation of basis of allotment ie (20-01-2018), kindly let me know hot it was happened.

  4. I have two questions,plz help me to understand.
    1)Do you want to say that, In case of over subscribtion , for example 100 times subscription, if I go for bidding of 10 lots, probability of getting me 1 lots only is the obvious one and in no case I will get 2 lots allocated to me in this case?
    2)probability of getting 1 lot is same when I bid for 10lots or 1 lot?

    • If there is oversubscription even after technical rejections, registrar will try that everyone gets something. IN case of oversubscription, that something reduces to a single lot. So probability of getting more than a lot reduces to zero and everyone, whether with 10 lots or 1 lot, stands the same chance of allotment.

  5. Can i apply for two different dp id&PAN from one bank account for same ipo ?
    As name on PAN and bank account will be different so my application wont be rejected ?

  6. We have only two demat accounts mera or. Wife ka please suggest him kitne lots ki IPO application Retail category me lagain jisme allotment ke chances better hon in cases of oversubscription. Thanks and waiting your valuable suggestion.

    • Subodh, like it is indicated in this article in case of oversubscription it does not make difference even if you are applying in multiple lots. Generally you can apply 1 lot in your name and 1 lot in your spouse name.

    • you can apply only in your two accounts. if you want to get more chances of allotment than you should increase your number of account by different pan numbers. This is the best strategy to get allotment in oversubscribed ipo’s.

  7. Thanks IPO Central for this good article on how to increase IPO Allotment chances.
    I had a query if you could please guide me on the same, can I open a Demat Account in my minor kids name and apply for these IPO.
    Thanks – Atul Mehrotra
    9810453451

    • Demat account can be opened in minor’s name, although income from the account will be treated as parent’s. It is not very common so not every broker or sales person will have knowledge but regulations allow this.

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