Summary
- Investors applying for an Initial Public Offering (IPO) through the ASBA mechanism must understand that successful bidding does not guarantee share allotment.
- Under SEBI guidelines, UPI applications are permitted up to ā¹5 lakh, but investors must verify eligibility and approve payment mandates for processing.
- Common pitfalls include incorrect details, unsupported UPI IDs, and insufficient balances, which can lead to application failures.
- Investors are urged to conduct thorough financial due diligence and safeguard their credentials to avoid misleading claims and potential losses.
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