amish
August 4, 2025, 10:23am
1
I placed 2 lot order (sHNI) for “Cash U Drive” IPO via UPI (using family member account)
When trying to approve the transaction it failed due to insufficient funds in bank account.
My IPOs Bids page shows status as “Payment Rejected”.
Now I transferred funds to that bank account so account now has sufficient funds.
But when I try to apply again, it does not allow me to place fresh IPO order.
And shows me that I have already applied for it.
So this is a bug, when Payment is rejected the order no more remains valid. So fresh application should be allowed.
Please fix it.
Thank you.
Cancel the application after editing and place a new order. That should do it.
1 Like
Hi @amish
As per the regulations, for HNI investors, IPO applications cannot be modified, cancelled or reapplied once submitted, even if the payment is unsuccessful.
Since your application was already placed, the system does not allow a fresh submission for the same IPO.
If you have any other questions, feel free to reach out.
amish
August 4, 2025, 3:06pm
4
You can not cancel HNI applications.
amish
August 4, 2025, 3:09pm
5
It is strange regulation. (if really true) OR misinterpretation of regulations.
One mistake (like wrong PIN) - also immediately rejects the payment. Without asking for PIN again.
Yes sorry, I missed the HNI part.
