Upi mandate issues

IPOs
352

I accidentally deleted my bid on console but then accepted the mandate via upi. My funds have been blocked on the app, will my application be considered? I received the cancellation mail via zerodha as well.

353

Your application will not be valid as you’ve canceled it, the amount blocked will be released back into your bank account.

354

I have placed one bid for the indigo paint ipo yesterday and today morning i cancelled it and then i placed another bid for the indigo paint ipo today, i received a total of 2 mandate requests and i have approved both and the amount had been blocked by the bank. Will i be eligible for the second ipo whose form has not been cancelled by me?

355

I had Applied for the IPO and my mandate was also successfull + amount was blocked but in my console it says the amount blocked: 0.00 and Status: request pending , was my bid successful or not ?

356

Yes, your second application will be eligible.

357

Your UPI mandate status on Console isn’t updated in real-time and may take up to a day.

358

this upi thing has been failing for ages. @nithin @siva-reddy why don’t you provide facility to block from cash ledger itself

359

The current regulations allow IPO either through ASBA or UPI. Funds in a trading account can’t be used.

360

thanks for responding @nithin …pls see if better ways can be implemented using non-UPI

361

Hi,

for IRFC i placed bid and then modified…later on i received 2 UPI mandate request with same application i approved the latest UPI mandate and amount is successfully blocked by the bank even i got mail from National stock exchange (NSE) about my bidding order BUT issues is on @zerodha IPO console its is showing as below.

Amount blocked: None
Status: Rejected by Investor
Details: The block collect request has expired.

Someone please help here.

Thanks in advance.

362

Hi ,. I applied for IRFC IPO on last day, and accidentally canceled the ipo after 5pm,. The cancellation request was processing. And at around night 10pm I got a mandate request to block funds in BHIM UPI. SO I accepted it and the money was blocked successfully.

I haven’t got any confirmation from the groww app,. And the status of cancellation was still processing. What will happen.Uploading: Screenshot_20210126-213532~2.png… please give me your suggestion.

363

Mine got refunded

364

Okay thanks

365

I applied for Stovekraft IPO using bhim axis pay upi and have not received allotment. But my refund is still pending and i am getting below message as text message for the last 2 days. I have contacted Kfin Tech but no solution yet, i contacted axis bank also but they are also unable to provide any solution.
Will the amount be automatically unblocked after mandate expiry date?
Hello! UPI Mandate could not be revoked. <UM9/RESPMANDATE TIMEOUT AT REMITTER END>

366

So did you got money back or not , facing the same kind of issue here too , money blocked and application showing some kind of error.

367

have you received refund now?

368

Hi , I’m buying IPO for the first time & faced a issue with mandate.
Basically I received UPI mandates twice for the same IPO so , I thought mandate is duplicate & approved one mandate (amount deducted) & Decline other mandate.
Now , here is screenshot of console & shows 'Transaction Declined by Customer ’ so , what happens now ?

Please help me with this.

IPO-Console
IPO-Console2184×580 54.1 KB

369

Likely your application wasn’t successful. The amount blocked should be released by mandate end date.

370

Thanks for quick reply .
It was an accident so , If I want to apply for the same IPO , I have to repay the same amount ?

371

The IPO window has now closed. So it won’t be possible to apply now.