Vedant Fashions IPO

• Interested individuals can apply for a public issue on the Angel One app in the following ways –

  Step 1: Click on ‘Investment Opportunities’ on the Angel one app’s homepage.

  Step 2: Next, enter all necessary details under the ‘IPOs and FPOs’ section.

  Step 3: After that, enter your NPCI-certified UPI handle.

  Step 4: Finally, complete this process by hitting ‘Invest’ and placing your bid for this public issue of Vedant Fashions.

Yes, it is possible to apply for the Vedant Fashions IPO even without a UPI ID. You can contact your respective bank and avail the ASBA process they offer. However, you can always create a UPI ID if you don’t already have one, using the UPI handles present on the NPCI-approved list.

You need to open the Angel One app and navigate to the ‘Profile’ section to locate a UPI ID.

If you cannot find your UPI ID on the Angel One app’s drop-down menu, it may be because your UPI ID is not NPCI-approved. Under such circumstances, you can simply create a fresh one using any of the UPI handles present on the NPCI list.

Yes, individuals can place a bid for this public issue of Vedant Fashions via a bank account that is not linked with the Angel One platform. In this regard, make sure the bank account you are using for this purpose is in your name.

Yes, it is crucial that you accept a UPI mandate for this Vedant Fashions IPO as soon as you receive it. This increases your chances of approval. However, the approval window stays open till 12 pm on the next working day from the previous day’s closing bell.

You can follow the steps given below in order to create a UPI ID with the BHIM app:

Step 1: Download the BHIM UPI app and install it on your smartphone.

Step 2: Next, review your mobile number and authenticate it on the app. Thereafter, create a unique PIN or password that you need to access this application.

Step 3: Select your preferred financial institution from the NPCI-approved list of registered banks. Upon doing so, the app will automatically gather your bank account information.

Step 4: Conversely, if you have more than one bank account, select the one you wish to link with the Angel One platform.

Step 5: Finally, create your personal UPI ID for security purposes.

Upon completing this process, you will be able to locate your UPI ID in this app’s ‘Profile’ section.

Individuals can just use a UPI application to accept a UPI mandate request for this IPO of Vedant Fashions. On that note, you can click here for a step-by-step guide and other details of this process.

No, you cannot use a Hindi Undivided Family or HUF account to apply for this public issue of Vedant Fashions on Angel One. However, in case you decide to use such an account for this purpose, you can contact your bank to utilise their ASBA process.

No, you cannot use a current bank account to place an application for the IPO of Vedant Fashions or any other company on the Angel One app. Even if you do, such applications will not be accepted. Instead, you can use a savings account to undertake this procedure. Additionally, you can contact your respective bank’s representative for further information.

No, you cannot place a bid for an IPO on the Angel One platform through your minor daughter’s account. However, a minor can place an application for an initial public offering through their respective bank’s ASBA process.

The probable reason why you are unable to apply for this public issue of Vedant Fashions using your existing UPI handle is that your UPI ID may not be NPCI-approved. Under such circumstances, you can always create a new ID through any of the UPI service providers having NPCI’s approval. After completing this process, you can use this UPI ID to apply for any IPOs of your desire.

The minimum time required to block funds for an IPO subscription is subject to how fast you approve a UPI mandate request. Thereafter, banks will freeze the funds necessary for an IPO upon your mandate request approval.

However, in case your mandate request expires, or you fail to secure an allotment, banks will immediately unblock this amount. In case your funds are still not unblocked, you can get in touch with your respective financial institution for detailed clarification.

No, non-resident Indians cannot utilise the Angel One app to place a bid for this public issue of Vedant Fashions. However, they can always opt for the Application Supported by Blocked Amount or ASBA process offered by various financial institutions to apply for an IPO of their preference.

The nominal time it takes to receive a UPI mandate request after placing an IPO bid is around 10-15 minutes. However, individuals may experience delays at times due to a number of reasons.

There is not much you can do if your IPO mandate request on the Angel One app shows pending even after your approval. This is because the Angel One platform does not update the status of UPI mandate requests in real-time, so you might not be able to see the updated status right away. However, you can view your mandate request’s actual status in the IPO’s order book after you have approved it.

No, individuals need not pay any extra fees to place a bid for the latest Vedant Fashions IPO through the Angel One platform.

No, you cannot use a single PAN to place multiple bids for one IPO. This is because all of your applications may get rejected in such cases, according to prevalent bidding rules. This will eventually result in you failing to secure an allotment for this IPO of Vedant Fashions or that of any other company.

A cut-off price indicates the price at which equity shares of Vedant Fashions or any other firms will be listed at the bourses. This is a pre-determined price that company authorities commonly decide in an IPO’s allotment stage.

Placing a bid at this cut-off price suggests your will to purchase company shares at this cost. As a result, it also increases your chances of securing an allotment.

The reason why funds pertaining to a public issue are not deducted even after successfully placing a bid is that financial institutions do not debit such funds immediately after bid submission. Alternatively, they block this amount for the moment and deduct it only after you secure an allotment.

Conversely, banks release these funds if your UPI mandate request expires or you fail to receive an allotment.

Yes, you can alter your IPO bid for Vedant Fashions even after you have submitted the final application. In this regard, you can modify the IPO lot size and your UPI ID.

However, note that making any alterations after approving your UPI mandate request will make this a new bid. As a result, financial institutions will block your new bid amount in addition to the previous one. You will also receive a fresh UPI mandate request for your new bid.

No, it is not possible to ensure allotment for any IPOs, regardless of the company you are applying for. In the case of oversubscription, which is a common phenomenon, firms use a lottery system to allocate shares. This is why there is no way to guarantee allotment.

However, you can enhance your chances of receiving an allotment by following the steps mentioned below –

• Confirming that your Demat account is connected with your PAN

• Placing a bid at the cut-off price

• Making sure that your UPI ID and bank account are linked with a single PAN

Not adhering to this requirement will result in rejection. For instance, person A places a bid for Vedant Fashions IPO via his Demat account but pays using a UPI ID belonging to person B. In this case, you may face rejection because –

• Person A’s Demat account is not connected with B’s bank account

• Person B’s UPI ID is not linked with A’s PAN

Here are some probable reasons why your application for Vedant Fashions faced rejection –

• You provided the wrong UPI PIN when approving the mandate request.

• Your UPI ID, Demat account, and bank account are not linked with the same PAN.

For instance, if you use your Demat account to place a bid for Vedant Fashions IPO and your friend’s UPI ID to complete payment, your application may face rejection in case –

• Your friend’s bank account is not connected with your Demat account

• Your friend’s UPI ID and your PAN are not connected