OYO IPO

In case you cannot locate your UPI ID under the dropdown menu of the Angel One App, it means that your existing UPI ID may not have NPCI’s approval. In such an instance, you can just create a new one with any of the UPI handles sanctioned and declared under the NPCI List.

Yes, it is imperative to accept a UPI mandate for this OYO Hotels and Homes IPO or any other public issue as soon as you get it. Nonetheless, this window of approval remains open from the closing bell of the former working day to 12 noon the next one.

To accept a UPI mandate request for this public issue of OYO Hotels and Homes, you can simply use a UPI App. Nevertheless, you can click here to understand the details of this process and associated steps.

The nominal time needed to block funds for an IPO subscription depends on how quickly you accept the UPI mandate request. Once you approve it, banks will freeze the required funds for an IPO.
However, if you fail to get an allotment, or your UPI mandate expires, the banks will unblock these funds. If your funds are not unblocked even after that, you can contact your respective banks for further clarification.

The minimum time required to get a UPI mandate request after submitting a bid for any IPO is 10 to 15 minutes. However, this process can get delayed at times due to various reasons.

The possible reason why you cannot submit bids for the IPO of OYO Hotels and Homes through your current UPI ID is that this UPI handle may not have NPCI’s approval. In that case, you can quickly create a new one using any of the service providers mentioned under the NPCI’s list to extend UPI service. You can just finish the due process and then bid for any public issue you want.

If the status of your IPO mandate request is displaying pending on the Angel One app, there is nothing you can do about it. Since the Angel One app is not equipped to display real-time updates of UPI mandate requests, you cannot see the current status. However, if you have accepted it, you can find its actual status in the order book of a public issue after a while.

To create a UPI ID via 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 password or PIN needed to access this app.
Step 3: Choose a bank from the list of financial institutions stated on NPCI’s list of registered services providers.
Step 4: BHIM UPI App will then fetch your bank account information automatically.
Step 5: On the other hand, if you have multiple bank accounts, choose one that you want to register and link with this app.
Step 6: Set up a personal UPI ID for security reasons.
After that, you can see your UPI ID in the ‘Profile’ section of this app.

No, it is not possible to apply for the IPO of OYO Hotels and Homes or any other organisation, using a current account. The reason is, IPO applications made via such accounts are not accepted, it is better to use a savings account as an alternative for this purpose. Moreover, you can talk to any representative of your respective banks for additional details.

A cut-off price is a price point at which the equity shares of OYO Hotels and Homes or of other companies get listed on the share market. This is a pre-set price and is primarily decided during the allotment stage of an IPO. Moreover, if you submit a bid at this price, it suggests that you are willing to apply for the public issue of OYO Hotels and Homes at this price point.
Also, applying at a cut-off price improves your chances of receiving an IPO allotment.

The reason for the IPO related funds not being debited even after submitting the bids is that banks do not release funds related to a public issue just after you submit a bid. Instead, they will block this amount momentarily, and once you receive an allotment, they will debit it.
On the other hand, if you do not receive an allotment or your UPI mandate expires, banks will release this amount.

It is not possible to guarantee allotment for any public issue, irrespective of the company you choose to apply for. In the event of an oversubscription, which is a common affair, the allocation of shares is done via a lottery system. So, it is not possible to provide any assurance in this regard.
A point to keep in mind here is that the Angel One platform only allows you to apply for an IPO, and it does not offer any guarantee regarding its allocation.
However, you can improve your odds by keeping the below-mentioned points in mind –

• 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 OYO Hotels and Homes 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

Yes, you can change the IPO bid of this OYO Hotels and Homes even after submitting its final application. Here, you have the opportunity to change your UPI ID and the lot size.
Nonetheless, a point to remember here is that, if you make any changes following the approval of your UPI mandate request, it will be then regarded as a new bid. Therefore, banks will block your bid amount beside your existing one. Additionally, you will get a new UPI mandate request like before.

Possible reasons behind the rejection of your IPO application for OYO Hotels and Homes are –

• Failing to ensure that your Demat account, UPI ID, and bank account are connected with the same PAN.
• Entering an incorrect UPI PIN while approving the mandate

For example, if you use your Demat account to apply 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 connected.
• If your Demat account is not linked with your friend’s bank account.