Was applying for one of the IPOs and got an error accepting the mandate and now I’m unable to cancel the bid… The application amount was over 2 lakhs and now I’m thinking of applying using Netbanking ASBA. Will my application get accepted or will it be rejected?
You can make only one IPO application in the HNI category. However, since you were not able to accept the mandate, the RTA will not consider the UPI IPO application valid. In this case, your netbanking application will be considered for allotment since it is the only valid application with your PAN.
Hope this helps.