Applying IPO through 3rd party Upi

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Deal's Advocate
CostalWaves
Please share your ideas. As I heard SEBI made some changes in IPO application process. From 1st December 2023 onwards third party UPI id is not allowed/rejected for IPO application.

Any one got allotment in recent allotment applyed through 3rd party UPI Id ....?

Today applied for Inox Indian IPO using my Hdfc bank UPI id. Application accepted. Even sms also received from bank side. But in the bank app no fresh UPI mandate request is received for block the fund.
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Deal Cadet Deal Cadet
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If ICICI bank account is linked with demat account

And If I want to use HDFC Bank balance then is it possible? (Same PAN no.)

Generous Generous
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Yes, you can apply for IPO through HDFC/any other bank. No issues.

Deal Cadet Deal Cadet
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why you guys are using 3rd party UPI?

Deal Newbie Deal Newbie
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Maybe a way to conceal true ownership or create multiple applications.
I am half guessing here.
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Deal's Advocate Deal's Advocate
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IMG20231219224916097India shelter IPO through Gpay got allotment for someone.
Deal Cadet Deal Cadet
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Got allotment in India shelter, Retail, 3rd Party Asba.

Deal Subedar Deal Subedar
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asba is working for now but upi stopped 
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Spearhead Spearhead
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third party means? another person's upi I'd please explain
Deal Cadet Deal Cadet
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Nope . Third party not allowed. Even if bank blocked your funds they will refund it in 1-2 days max

Spearhead Spearhead
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bhai third party upi I'd means another person's upi id
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