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Which Bank allows multiple IPO applications via ASBA?

List of banks allow multiple IPO applications via ASBA are listed below.

As now a day’s IPOs are subscribing heavily, it’s difficult for retails investor to get IPO by applying as single application. In case individual open multiple account for family members also, minor don’t have separate bank account so guardian can’t apply IPO application on Minor account. Same issue will come with HUF account.

To overcome this issue, one needs to open bank account with SBI or Axis Bank where system allows you to add as many IPO applicants in system. After that you can apply 5 IPO ASBA applications from one bank account with different applicant.

Bank Number of Application
Ahmedabad Mercantile Co-Op Bank Ltd1
Allahabad Bank1
Andhra Bank1
AU Small Finance Bank Limited1
Axis Bank Ltd5
Bandhan Bank1
Bank of Baroda1
Bank of India1
Bank of Maharashtra1
Barclays Bank PLC1
BNP Paribas1
Canara Bank1
Catholic Syrian Bank Limited1
Central Bank of India1
City Union Bank Ltd.1
Corporation Bank1
DBS Bank Ltd.1
DCB Bank Ltd.1
Dena Bank1
Deutsche Bank1
Dhanlaxmi Bank Limited1
GP Parsik Sahakari Bank Limited1
HDFC Bank Ltd.1
HSBC Ltd.1
ICICI Bank Ltd1
IDBI Bank Ltd.1
Indian Bank1
Indian Overseas Bank1
IndusInd Bank1
J P Morgan Chase Bank, N.A.1
Jammu and Kashmir bank1
Janata Sahakari Bank Ltd.1
Karnataka Bank Ltd.1
Karur Vysya Bank Ltd.1
Kotak Mahindra Bank Ltd.1
Mehsana Urban Co-operative Bank Limited1
Nutan Nagarik Sahakari Bank Ltd.1
Oriental Bank of Commerce1
Punjab & Sind Bank1
Punjab National Bank1
Rajkot Nagarik Sahakari Bank Ltd1
RBL Bank Limited1
South Indian Bank1
Standard Chartered Bank1
State Bank of Bikaner and Jaipur1
State Bank of Hyderabad1
State Bank of India5
State Bank of Mysore1
State Bank of Patiala1
State Bank of Travencore1
SVC Co-operative Bank Ltd.1
Syndicate Bank1
Tamilnad Mercantile Bank Ltd.1
The Ahmedabad Mercantile Co-Op. Bank Ltd.1
The Federal Bank1
The Jammu & Kashmir Bank Limited.1
The Kalupur Commercial Co-operative Bank Ltd.1
The Lakshmi Vilas Bank Ltd.1
The Saraswat Co-Opearative Bank Ltd1
The Surat Peoples Co-op Bank Ltd1
TJSB Sahakari Bank Ltd1
UCO Bank1
Union Bank of India1
United Bank of India1
Vijaya Bank1
YES Bank Ltd.1
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