IPO investment - limit

#1
Most of the companies give the purchase limit of Rs 50,000 to a retail investor during IPO. It means as a retail investor I can't invest more than 50,000 in that IPO.

What if, I bid for that IPO twice (for 50,000 each time) from my same DMAT account? Will the DP accept my second bid or will it cancel it?

I wanted to try it, but I thought of asking this query here :)
 
#2
Ashish Jain said:
Most of the companies give the purchase limit of Rs 50,000 to a retail investor during IPO. It means as a retail investor I can't invest more than 50,000 in that IPO.

What if, I bid for that IPO twice (for 50,000 each time) from my same DMAT account? Will the DP accept my second bid or will it cancel it?

I wanted to try it, but I thought of asking this query here :)
The Rs. 50,000.00 limit is set for the small investor where one does not have to declare a PAN number.

You can bid for a higher amount than Rs. 50,000.00 in the high networth client catagory where you will have to furnish a PAN number.

It would be advisable to check with your broker regarding this.
 
#3
more than one application from the same demat a/c is not accepted.
Dont try it as you might end up get all your appication cancelled.

Regards
chetna jain

Ashish Jain said:
Most of the companies give the purchase limit of Rs 50,000 to a retail investor during IPO. It means as a retail investor I can't invest more than 50,000 in that IPO.

What if, I bid for that IPO twice (for 50,000 each time) from my same DMAT account? Will the DP accept my second bid or will it cancel it?

I wanted to try it, but I thought of asking this query here :)
 
#4
If a person has two DP accounts with different companies. And he applies for any ipo from both the accounts for Rs.50000.00. Which category will he fall in.
 

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