Frequenty Asked Questions
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Yes, the shares are credited to Demat account upon allotment.
No, applying through multiple demat accounts for the same IPO under the same PAN is not allowed. This will lead to the rejection of the application.
No, you cannot apply in both retail and HNI categories simultaneously in one IPO.
There is no lock-in period, you can start trading once it is listed on the stock exchange
No, retail investors can only apply for up to Rs. 2 lakhs.
Yes, HUF accounts are eligible to apply for IPOs.
No, you cannot apply through both UPI and ASBA for the same IPO. This will lead to rejection of application.
Yes, NRIs can apply for IPOs in India through NRO accounts.
Yes, you can modify or withdraw you application before the issue closes in Retail category.
Post – closing of IPO modifications are not allowed.
For HNI category. – Upside Modification is allowed
Cancellation is not allowed
Upper Price: The highest price within the price band set for the issue.
Cut-Off Price: The final issue price decided by the issuer at the close of the IPO. Retail investors can opt for the cut-off price to ensure they receive shares at the determined issue price.
Yes, a minor can apply for an IPO but to sell the allotted shares one must transfer it in the name of the guardian account.
Application amount upto 2 lacs under Retail category and above 2 lacs will be HNI category. There is no limit for maximum amount in HNI category (Max 1 time of Issue Size)
This can happen due to various technical glitches with your bank or the UPI app. We request you to close your application and start again.
The blocked amount is usually released within 3-4 working days after the IPO allotment date.Please note that this process is not handled by YES Securities. Contact your bank if the amount remains blocked for a longer time.
When the number of applications is greater than available lots of shares (that is, when the IPO is oversubscribed), allotment is done through a lottery system conducted by the company. In such cases, you will be allotted shares only if your application is picked up in the lottery. While this is the most common reason for not getting an allotment, there are other reasons such as invalid application and bid price being lower than issue price.
You can place a maximum of 3 bids. The amount corresponding to your highest bid will be blocked. Suppose, you placed 3 bids for one lot at issue price of Rs 72, Rs 74 and Rs 76 each for XYZ Ltd IPO whose lot size is 195 shares. Then, amount corresponding to highest bid (Rs 76*195 = Rs 14820) will get blocked.
If you place multiple bids, the bid with the maximum amount will get blocked.Example: Bid 1: 1 lot of 10 shares at Rs 20 per shareBid 2: 2 lots of 10 shares at Rs 18 per shareThen the amount blocked will be 2x10x18 = Rs 360
You can invest up to Rs 5 lakhs in an IPO. Investors who bid below Rs 2 lakhs are considered under retail category and investors who bid above Rs 2 lakhs are considered under HNI(High Net-worth Individuals investors) category.
No, as per regulations, all applications will be rejected by the exchange if an individual pays for the same IPO using more than one brokerage platforms.Only one application is permitted on a single PAN card identity.
Yes, the shares are credited to Demat account upon allotment.
No, applying through multiple demat accounts for the same IPO under the same PAN is not allowed. This will lead to the rejection of the application.
No, you cannot apply in both retail and HNI categories simultaneously in one IPO.
There is no lock-in period, you can start trading once it is listed on the stock exchange
No, retail investors can only apply for up to Rs. 2 lakhs.
Yes, HUF accounts are eligible to apply for IPOs.
No, you cannot apply through both UPI and ASBA for the same IPO. This will lead to rejection of application.
Yes, NRIs can apply for IPOs in India through NRO accounts.
Yes, you can modify or withdraw you application before the issue closes in Retail category.
Post – closing of IPO modifications are not allowed.
For HNI category. – Upside Modification is allowed
Cancellation is not allowed
Upper Price: The highest price within the price band set for the issue.
Cut-Off Price: The final issue price decided by the issuer at the close of the IPO. Retail investors can opt for the cut-off price to ensure they receive shares at the determined issue price.
Yes, a minor can apply for an IPO but to sell the allotted shares one must transfer it in the name of the guardian account.
Application amount upto 2 lacs under Retail category and above 2 lacs will be HNI category. There is no limit for maximum amount in HNI category (Max 1 time of Issue Size)
This can happen due to various technical glitches with your bank or the UPI app. We request you to close your application and start again.
The blocked amount is usually released within 3-4 working days after the IPO allotment date.Please note that this process is not handled by YES Securities. Contact your bank if the amount remains blocked for a longer time.
When the number of applications is greater than available lots of shares (that is, when the IPO is oversubscribed), allotment is done through a lottery system conducted by the company. In such cases, you will be allotted shares only if your application is picked up in the lottery. While this is the most common reason for not getting an allotment, there are other reasons such as invalid application and bid price being lower than issue price.
You can place a maximum of 3 bids. The amount corresponding to your highest bid will be blocked. Suppose, you placed 3 bids for one lot at issue price of Rs 72, Rs 74 and Rs 76 each for XYZ Ltd IPO whose lot size is 195 shares. Then, amount corresponding to highest bid (Rs 76*195 = Rs 14820) will get blocked.
If you place multiple bids, the bid with the maximum amount will get blocked.Example: Bid 1: 1 lot of 10 shares at Rs 20 per shareBid 2: 2 lots of 10 shares at Rs 18 per shareThen the amount blocked will be 2x10x18 = Rs 360
You can invest up to Rs 5 lakhs in an IPO. Investors who bid below Rs 2 lakhs are considered under retail category and investors who bid above Rs 2 lakhs are considered under HNI(High Net-worth Individuals investors) category.
No, as per regulations, all applications will be rejected by the exchange if an individual pays for the same IPO using more than one brokerage platforms.Only one application is permitted on a single PAN card identity.
Yes, the shares are credited to Demat account upon allotment.
No, applying through multiple demat accounts for the same IPO under the same PAN is not allowed. This will lead to the rejection of the application.
No, you cannot apply in both retail and HNI categories simultaneously in one IPO.
There is no lock-in period, you can start trading once it is listed on the stock exchange
No, retail investors can only apply for up to Rs. 2 lakhs.
Yes, HUF accounts are eligible to apply for IPOs.
No, you cannot apply through both UPI and ASBA for the same IPO. This will lead to rejection of application.
Yes, NRIs can apply for IPOs in India through NRO accounts.
Yes, you can modify or withdraw you application before the issue closes in Retail category.
Post – closing of IPO modifications are not allowed.
For HNI category. – Upside Modification is allowed
Cancellation is not allowed
Upper Price: The highest price within the price band set for the issue.
Cut-Off Price: The final issue price decided by the issuer at the close of the IPO. Retail investors can opt for the cut-off price to ensure they receive shares at the determined issue price.
Yes, a minor can apply for an IPO but to sell the allotted shares one must transfer it in the name of the guardian account.
Application amount upto 2 lacs under Retail category and above 2 lacs will be HNI category. There is no limit for maximum amount in HNI category (Max 1 time of Issue Size)
This can happen due to various technical glitches with your bank or the UPI app. We request you to close your application and start again.
The blocked amount is usually released within 3-4 working days after the IPO allotment date.Please note that this process is not handled by YES Securities. Contact your bank if the amount remains blocked for a longer time.
When the number of applications is greater than available lots of shares (that is, when the IPO is oversubscribed), allotment is done through a lottery system conducted by the company. In such cases, you will be allotted shares only if your application is picked up in the lottery. While this is the most common reason for not getting an allotment, there are other reasons such as invalid application and bid price being lower than issue price.
You can place a maximum of 3 bids. The amount corresponding to your highest bid will be blocked. Suppose, you placed 3 bids for one lot at issue price of Rs 72, Rs 74 and Rs 76 each for XYZ Ltd IPO whose lot size is 195 shares. Then, amount corresponding to highest bid (Rs 76*195 = Rs 14820) will get blocked.
If you place multiple bids, the bid with the maximum amount will get blocked.Example: Bid 1: 1 lot of 10 shares at Rs 20 per shareBid 2: 2 lots of 10 shares at Rs 18 per shareThen the amount blocked will be 2x10x18 = Rs 360
You can invest up to Rs 5 lakhs in an IPO. Investors who bid below Rs 2 lakhs are considered under retail category and investors who bid above Rs 2 lakhs are considered under HNI(High Net-worth Individuals investors) category.
No, as per regulations, all applications will be rejected by the exchange if an individual pays for the same IPO using more than one brokerage platforms.Only one application is permitted on a single PAN card identity.
Yes, the shares are credited to Demat account upon allotment.
No, applying through multiple demat accounts for the same IPO under the same PAN is not allowed. This will lead to the rejection of the application.
No, you cannot apply in both retail and HNI categories simultaneously in one IPO.
There is no lock-in period, you can start trading once it is listed on the stock exchange
No, retail investors can only apply for up to Rs. 2 lakhs.
Yes, HUF accounts are eligible to apply for IPOs.
No, you cannot apply through both UPI and ASBA for the same IPO. This will lead to rejection of application.
Yes, NRIs can apply for IPOs in India through NRO accounts.
Yes, you can modify or withdraw you application before the issue closes in Retail category.
Post – closing of IPO modifications are not allowed.
For HNI category. – Upside Modification is allowed
Cancellation is not allowed
Upper Price: The highest price within the price band set for the issue.
Cut-Off Price: The final issue price decided by the issuer at the close of the IPO. Retail investors can opt for the cut-off price to ensure they receive shares at the determined issue price.
Yes, a minor can apply for an IPO but to sell the allotted shares one must transfer it in the name of the guardian account.
Application amount upto 2 lacs under Retail category and above 2 lacs will be HNI category. There is no limit for maximum amount in HNI category (Max 1 time of Issue Size)
This can happen due to various technical glitches with your bank or the UPI app. We request you to close your application and start again.
The blocked amount is usually released within 3-4 working days after the IPO allotment date.Please note that this process is not handled by YES Securities. Contact your bank if the amount remains blocked for a longer time.
When the number of applications is greater than available lots of shares (that is, when the IPO is oversubscribed), allotment is done through a lottery system conducted by the company. In such cases, you will be allotted shares only if your application is picked up in the lottery. While this is the most common reason for not getting an allotment, there are other reasons such as invalid application and bid price being lower than issue price.
You can place a maximum of 3 bids. The amount corresponding to your highest bid will be blocked. Suppose, you placed 3 bids for one lot at issue price of Rs 72, Rs 74 and Rs 76 each for XYZ Ltd IPO whose lot size is 195 shares. Then, amount corresponding to highest bid (Rs 76*195 = Rs 14820) will get blocked.
If you place multiple bids, the bid with the maximum amount will get blocked.Example: Bid 1: 1 lot of 10 shares at Rs 20 per shareBid 2: 2 lots of 10 shares at Rs 18 per shareThen the amount blocked will be 2x10x18 = Rs 360
You can invest up to Rs 5 lakhs in an IPO. Investors who bid below Rs 2 lakhs are considered under retail category and investors who bid above Rs 2 lakhs are considered under HNI(High Net-worth Individuals investors) category.
No, as per regulations, all applications will be rejected by the exchange if an individual pays for the same IPO using more than one brokerage platforms.Only one application is permitted on a single PAN card identity.
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