Page 13 - Application Supported News Today

Government has directed all bank branches designated to process ASBA - Application Supported by Blocked Amount - applications to be kept open for public on May 8

The offer will close on May 9 and there will be bidding on May 7

SEBI has issued a circular recently to streamline the way shareholders can pay IPO processing fees through the UPI.

Get latest articles and stories on Latest News at LatestLY. Capital markets regulator Sebi on Wednesday streamlined the payment of processing fee through the Unified Payments Interface (UPI) system for shares applied for and allotted during an initial public offering (IPO). Latest News | IPOs: Sebi Streamlines Payment Process Via UPI.

Are you willing to invest in an initial public offering (IPO)? Here is good news for you. Investors will be allowed to apply in IPOs through Unified Payments Interface (UPI) mode for up to Rs 5 lakh per application. This is according to an announcement made by the Securities and Exchange Board of India (Sebi).

This comes after National Payments Corporation of India (NPCI), which manages the online payment system UPI, undertook system audits and found that a hike in the limit was required, Sebi said.

Are you willing to invest in an initial public offering (IPO)? Here is good news for you. Investors will be allowed to apply in IPOs through Unified Payments Interface (UPI) mode for up to Rs 5 lakh per application. This is according to an announcement made by the Securities and Exchange Board of India (Sebi).

SEBI has allowed retail investors to bid in an IPO using Unified Payment Interface (UPI) in 2019; bid limit has now been increased from Rs 2 lakh to Rs 5 lakh. 

Individual investors can use UPI for up to Rs 5 lakh payment in public issues

SEBI said that individual investors applying in public issues of equity shares and convertibles can use UPI for application amount up to Rs 5 lakh.