We've got you covered
We are here to guide you in making tough decisions with your hard earned money. Drop us your details and we will reach you for a free one on one discussion with our experts.
or
Call us on: +917410000494
Bank to bank, the number of ASBA IPO applications per bank account varies. SBI, for example, allows 5 IPO applications per account. ICICI Bank however, only allows 1 IPO application.
Multiple applications may be accepted by the bank. It doesn't matter which name they are. These could be family members, friends, or anyone else's.
It is important to note that only one IPO application can be submitted per person. Technically, this means that you can submit 1 application per PAN number. If more than one application is submitted with the same PAN number it will result in all applications being canceled.
A bank account can be debited by an investor for up to x applications for an issue. The following number is allowed:
Bank Name | No. No. |
---|---|
SBI Bank | 5 |
Kotak Mahindra Bank | 5 |
Axis Bank | 3 |
ICICI Bank | 1 |
HDFC Bank | 1 |