About Tega Industries IPO

Yes, you can submit bids for the initial public offering of Tega Industries without using a UPI ID. In that case, you need to take the help of the ASBA process provided by your bank. However, if you do not have a UPI ID, you can generate one without any hiccups by referring to any of the UPI handles on the NPCI List.

Yes, you can submit bids for the initial public offering of Tega Industries without using a UPI ID. In that case, you need to take the help of the ASBA process provided by your bank. However, if you do not have a UPI ID, you can generate one without any hiccups by referring to any of the UPI handles on the NPCI List.

You can easily accept a UPI mandate request for the Tega Industries IPO through a UPI app. Nevertheless, to study the specifics of this procedure and allied steps, click here.

To create a UPI ID using the BHIM app, you can refer to the steps mentioned below –

Step 1: Download and install the BHIM UPI app on your mobile phone

Step 2: Review and authenticate your mobile number and create a PIN or password needed to use this app

Step 3: Choose a bank from the list of financial institutions provided on NPCI’s list of approved service providers

Step 4: BHIM UPI App will then fetch your bank account details without any manual input

Step 5: If you have multiple bank accounts, choose one that you want to register and link with this app

Step 6: Create a personal UPI ID for security reasons

Afterwards, you can check your UPI ID in the ‘Profile’ section of this app.

No, you cannot apply for the public offering of Tega Industries or any other IPO through a current account. Since financial institutions do not approve any bids made via such accounts, you can instead use a savings account for this purpose. Additionally, you can talk to the representatives of your respective banks for more information.

No, it is not possible to apply for the public issue of Tega Industries or any other company through your minor daughter’s account via the Angel One platform. Conversely, a minor can bid for IPOs using the ASBA process.

The reason for your failure to submit a bid for the IPO of Tega Industries through your current UPI ID is due to the fact that it does not have NPCI’s approval. In such cases, you can generate a new one from the list of service providers who have NPCI’s approval to extend UPI service. You can simply register with any one of them and complete this process.

Once you approve a UPI mandate request, banks will freeze the funds necessary for an initial public offering. Nonetheless, these funds will be unblocked only if you fail to get an allotment or if the UPI mandate expires.

However, if your funds are not unblocked even after that, get in touch with your bank for further clarification.

Plausible reasons for your Tega Industries IPO application getting rejected can be –

• Failing to assure that your UPI ID, Demat account, and bank account are linked with the same PAN
• Providing a wrong UPI PIN during mandate approval

For instance, in case you use your Demat account to bid for this public issue and use your friend’s UPI ID to make payment. In that case, your application can get rejected –

• If your PAN and your friend’s UPI ID are not linked
• If your Demat account is not connected with your friend’s bank account

The cut-off price is a price point at which the shares of Tega Industries or other companies will be listed on the stock market. This is a pre-set price and is principally set during the allotment stage. Moreover, if you bid at this price, it implies that you are willing to bid for Tega Industries’ IPO at this price point.

Also, applying at this cut-off price improves your chances of securing an allotment.

The reason for the funds not being debited is that banks do not release funds of an IPO subscription right after you submit a bid. Instead, they will freeze this amount for the time being, and once you receive the allotment, they will debit it eventually.

On the other hand, if you fail to get an allotment or your UPI mandate expires, banks will release this amount.

Yes, it is possible to change your subscription bid for the initial public offering of Tega Industries even after finalising the application. Here, you have the provision to alter the UPI ID and the lot size after submitting your bid. Nevertheless, a point to keep in mind here is that if you make any modifications after approving your UPI mandate request, it will be considered a new bid.

In such cases, banks will block the required amount once again and alongside your current bid amount. Also, you will get a new UPI mandate request for this bid, like before.

It is not possible to ensure allotment for any IPO, irrespective of the public issue you decide to apply for. In case of an oversubscription, which is a regular affair, the allocation of shares is completed via a lottery system. So, it is not possible to provide any certainty in this regard.

A point to remember here is that the Angel One platform only allows you to apply for an IPO, and it does not offer any guarantee regarding the allotment.

Nonetheless, you can still boost up your chances by following some tips –

• Applying at the cut-off price
• Using a Demat Account linked with your PAN
• Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection. For instance, person X has applied for the Tega Industries IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –
• Person Y’s UPI ID is not linked with X’s PAN
• Person X’s Demat account is not linked with Y’s bank account

In case you cannot locate your UPI ID under the dropdown menu of the Angel One App, it means your current UPI ID does not have NPCI’s approval. In such a case, you can just create a different one with any of the UPI handles allowed and declared under the NPCI List.