NSDL IPO - Mandate Issue

[rajnikanth.santa]

I encountered a strange issue when applying for NSDL IPO via Zerodha. I made 3 bids as follows:-

Bid	Quantity	Price	Amount
1	18	800	14,400
2	36	800	28,800
3	54	800	43,200

I even received the email from Zerodha confirming the above.

However, The mandate I received for blocking the amount is for Rs 39,096/- instead of Rs 43,200/-
Mandate was created against the UPI ID of Google Pay
How is this possible?

 

[Sagar56794]

I encountered a strange issue when applying for NSDL IPO via Zerodha. I made 3 bids as follows:-

Bid	Quantity	Price	Amount
1	18	800	14,400
2	36	800	28,800
3	54	800	43,200

I even received the email from Zerodha confirming the above.

However, The mandate I received for blocking the amount is for Rs 39,096/- instead of Rs 43,200/-
Mandate was created against the UPI ID of Google Pay
How is this possible?

It’s pointless to apply for multiple lots in the retail category since IPOs are often oversubscribed — you’ll end up getting only one lot anyway. A better strategy is to apply through accounts of close relatives using your funds to increase your chances of allotment.

 

[hender]

I encountered a strange issue when applying for NSDL IPO via Zerodha. I made 3 bids as follows:-

Bid	Quantity	Price	Amount
1	18	800	14,400
2	36	800	28,800
3	54	800	43,200

I even received the email from Zerodha confirming the above.

However, The mandate I received for blocking the amount is for Rs 39,096/- instead of Rs 43,200/-
Mandate was created against the UPI ID of Google Pay
How is this possible?

Those are not bids, those are 3 seperate applications !!!
Bids are - say
760
780
800

 

[rajnikanth.santa]

It’s pointless to apply for multiple lots in the retail category since IPOs are often oversubscribed — you’ll end up getting only one lot anyway. A better strategy is to apply through accounts of close relatives using your funds to increase your chances of allotment.

Thanks for the reply. Yes, I follow the same strategy (of applying via family member accounts), but forced out of habit to apply for 3 lots always (in multiples of 2x, 3x) regardless of subscription status.

 

[rajnikanth.santa]

Those are not bids, those are 3 seperate applications !!!
Bids are - say
760
780
800

Pardon my ignorance, but when the mandate comes, it is only 1 with the cumulative amount. Hence I thought, it is 1 application - 3 bids (of different quantities)
Still cannot figure out how did the random amount of 39,096 came up for mandate?

 

[hender]

Pardon my ignorance, but when the mandate comes, it is only 1 with the cumulative amount. Hence I thought, it is 1 application - 3 bids (of different quantities)
Still cannot figure out how did the random amount of 39,096 came up for mandate?

Can you share ss from Zerodha kite under Applied IPO

 

[SSquad]

I encountered a strange issue when applying for NSDL IPO via Zerodha. I made 3 bids as follows:-

Bid	Quantity	Price	Amount
1	18	800	14,400
2	36	800	28,800
3	54	800	43,200

I even received the email from Zerodha confirming the above.

However, The mandate I received for blocking the amount is for Rs 39,096/- instead of Rs 43,200/-
Mandate was created against the UPI ID of Google Pay
How is this possible?

Hi, looks like you applied under employee quota for NSDL IPO, 3 lots.

Please check and confirm. Thanks.

 

[S.B.N.B]

Upi mandate hi nahi aaya ek acc me.. kal lqst date hai.. ore apply kiye the

 

[SSquad]

Upi mandate hi nahi aaya ek acc me.. kal lqst date hai.. ore apply kiye the

Happens sometimes, if it's more than 24 hours since application. Cancel and reapply after 10 am.

 

[rajnikanth.santa]

Can you share ss from Zerodha kite under Applied IPO

Shucks! It is my mistake. I applied under employee instead of retail. Hence the difference.
There is no issue. Should have checked thoroughly

 

[rajnikanth.santa]

Hi, looks like you applied under employee quota for NSDL IPO, 3 lots.

Please check and confirm. Thanks.

Yes, checked it and it was under employee quota. Cancelled and re-applied via Individual.
Thank You for pointing out. Cheers!