Yes, High Net-Worth Individual (HNI) bids can be modified, but only to increase the bid amount.
IPO (Initial Public Offering)An IPO bid can be modified a maximum of three times, as per exchange regulations.
IPO (Initial Public Offering)If you modify your IPO bid but do not approve the new UPI mandate request, the blocked amount will remain the same as the original bid.
IPO (Initial Public Offering)The UPI mandate request status does not update in real-time on the Lakshmishree platform.
IPO (Initial Public Offering)There can be delays in receiving the IPO mandate request on your UPI app due to technical issues or processing time at the bank.
IPO (Initial Public Offering)The UPI mandate request must be approved before 5 PM on the last day of the IPO bidding.
IPO (Initial Public Offering)The UPI mandate can fail even after IPO shares have been allotted due to technical issues with the bank.
IPO (Initial Public Offering)Yes, you can use any bank account to apply for an IPO, as long as the account is in the name of the investor applying for the IPO.
IPO (Initial Public Offering)Yes, if you do not have a UPI ID, you can still apply for an IPO using ASBA (Application Supported by Blocked Amount) or through a physical application form.
IPO (Initial Public Offering)If you do not receive an IPO allotment, the blocked funds will be automatically unblocked.
IPO (Initial Public Offering)