FAQs for IPO Application with UPI ID (ASBA)

 What is UPI?
Unified Payments Interface (UPI) is an instant payment system developed by the
National Payments Corporation of India (NPCI), an RBI regulated entity. UPI is built over
the IMPS infrastructure and allows you to instantly transfer money between any two
parties' bank accounts.

 How I can use UPI model for placing the IPO bid/order?
 After necessary mobile verification in this flow and placing the IPO (online) order
you need to mention your VPA (Virtual Payment Address) in Payment option.
 On successful placement of your bid you will receive a collect request on your
Bank’s Mobile app for your authentication.
 On successful authentication the Bid amount will be mark as lien in your account
by your bank (as per ASBA guidelines) and your bid will be registered with
exchange.
 On allotment of shares the amount will be debited from your account else the
amount will be released.
 Note - Under the ASBA process, the amount is not debited from your bank account
until successful allotment. Until such allotment, the amount will remain blocked in
your bank account.

 What is VPA?
A Virtual Payment Address (VPA) is an ID, which a user creates by linking their bank
account to a bank's mobile application.

 What does ASBA stand for?

ASBA means "Applications Supported by Blocked Amount". ASBA is an application
containing an authorization to block the application money in the bank account, for
subscribing to an issue. This facility is being offered by ICICI Direct in affiliation with
ICICI Bank Limited.

 Does a customer need to register bank account or VPA before transacting in IPO using
UPI?
No, you can specify your VPA at the time of bid placement.

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FAQs for IPO application with UPI ID (ASBA)

 Can I transact with UPI on ICICI Direct only during banking hours?
You can place IPO application with UPI on ICICI Direct 24/7 during IPO period and
confirm the funds blocking request till T+1 day of IPO closing date (T day is IPO closing
day).

 Can I apply multiple applications in same IPO using same UPI?

No, one bank account one IPO application is allowed.

 When will my account is debited?

At the time of allotment process.

 How can I view my transaction history?

You can view all your past transactions by accessing “Order Book” link available in
your mobile login session.

 How can I withdraw my bid request?

You can withdraw your Bid transaction within specified timelines of the IPO through
Order book page.

 Can I withdraw the amount blocked for ASBA bid application?

No. The blocked amount cannot be withdrawn. Such amount will remain blocked in
your bank account till the allotment is completed.

 Do I need to execute any additional documentation for availing this Facility?

No. You do not need to execute any further physical documentation to avail this facility.

 Is this facility available for all IPOs?

No. Application under this facility can be placed only for Book Built Public Issues which
are provided on I-Direct site.

 Will I get priority in allotment for bidding under this facility?

No. such bidding forms will be treated similar to the other payment mode forms while
finalizing the basis of allotment.

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FAQs for IPO application with UPI ID (ASBA)

 Till what time can I bid under this facility?

IPO issue wise bid acceptance closure time will be mentioned on IPO order placement
page.

 Can I revise the bid?

Yes, you can revise your bid by accessing the “Order book” page, after Fresh entry
order status displays as “Executed”.

 What happens when the issue fails/is withdrawn?

In case the issue fails/withdrawn your bank / Sponsor Bank will unblock the application
money from your bank accounts upon receiving instructions from the Registrar.

 Can I apply multiple application in single IPO with same PAN through different routes?
Only single application per PAN is allowed in single IPO. Multiple applications with
same PAN in an IPO even applied through different modes (online/physical) will not be
considered for allotment.

 Where can I check if my DP-PAN combination is verified/ failed?

Investor are advised to check the status of DP-PAN verification in ‘IPO Order book’
displayed on site. You can correct DP-PAN details or any other IPO bid details through
‘Revision’ option.

 Can I change my DP-PAN details?

Yes, through revision page you can change your demat account and PAN number
details during the IPO period.

 Can I change my UPI ID details?

Yes, in case order book displays the UPI ID status as “Invalid” then only you can change
the UPI ID details through Revision page.

 How many IPO application I can place through single mobile login in single IPO?
You can place maximum 4 IPO applications with unique UPI ID for 4 different investors
through single mobile login.

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