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IPO (Initial Public Offering) IPO (Initial Public Offering)

Can HNI bids be modified?

Yes, High Net-Worth Individual (HNI) bids can be modified, but only to increase the bid amount.
How many times can an IPO bid be modified?

An IPO bid can be modified a maximum of three times, as per exchange regulations.
Why hasn't the blocked amount changed after modifying my IPO bid?

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.
Why is the IPO mandate status not updated on Lakshmishree?

The UPI mandate request status does not update in real-time on the Lakshmishree platform.
Why is there a delay in receiving the IPO mandate on my UPI app?

There can be delays in receiving the IPO mandate request on your UPI app due to technical issues or processing time at the bank.
Until when can I approve the UPI mandate request?

The UPI mandate request must be approved before 5 PM on the last day of the IPO bidding.
Why did the UPI mandate fail even though the IPO was allotted?

The UPI mandate can fail even after IPO shares have been allotted due to technical issues with the bank.
Can I use a bank account not linked with Lakshmishree to apply for an IPO?

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.
I don’t have a UPI ID. Can I still apply for an IPO?

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.
When are funds unblocked if the IPO is not allotted?

If you do not receive an IPO allotment, the blocked funds will be automatically unblocked.