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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 Ltd | 1 |
| Allahabad Bank | 1 |
| Andhra Bank | 1 |
| AU Small Finance Bank Limited | 1 |
| Axis Bank Ltd | 5 |
| Bandhan Bank | 1 |
| Bank of Baroda | 1 |
| Bank of India | 1 |
| Bank of Maharashtra | 1 |
| Barclays Bank PLC | 1 |
| BNP Paribas | 1 |
| Canara Bank | 1 |
| Catholic Syrian Bank Limited | 1 |
| Central Bank of India | 1 |
| CITI Bank NA | 1 |
| City Union Bank Ltd. | 1 |
| Corporation Bank | 1 |
| DBS Bank Ltd. | 1 |
| DCB Bank Ltd. | 1 |
| Dena Bank | 1 |
| Deutsche Bank | 1 |
| Dhanlaxmi Bank Limited | 1 |
| GP Parsik Sahakari Bank Limited | 1 |
| HDFC Bank Ltd. | 1 |
| HSBC Ltd. | 1 |
| ICICI Bank Ltd | 1 |
| IDBI Bank Ltd. | 1 |
| IDFC FIRST Bank | 1 |
| Indian Bank | 1 |
| Indian Overseas Bank | 1 |
| IndusInd Bank | 1 |
| J P Morgan Chase Bank, N.A. | 1 |
| Jammu and Kashmir bank | 1 |
| Janata Sahakari Bank Ltd. | 1 |
| Karnataka Bank Ltd. | 1 |
| Karur Vysya Bank Ltd. | 1 |
| Kotak Mahindra Bank Ltd. | 1 |
| Mehsana Urban Co-operative Bank Limited | 1 |
| Nutan Nagarik Sahakari Bank Ltd. | 1 |
| Oriental Bank of Commerce | 1 |
| Punjab & Sind Bank | 1 |
| Punjab National Bank | 1 |
| Rajkot Nagarik Sahakari Bank Ltd | 1 |
| RBL Bank Limited | 1 |
| South Indian Bank | 1 |
| Standard Chartered Bank | 1 |
| State Bank of Bikaner and Jaipur | 1 |
| State Bank of Hyderabad | 1 |
| State Bank of India | 5 |
| State Bank of Mysore | 1 |
| State Bank of Patiala | 1 |
| State Bank of Travencore | 1 |
| SVC Co-operative Bank Ltd. | 1 |
| Syndicate Bank | 1 |
| Tamilnad Mercantile Bank Ltd. | 1 |
| The Ahmedabad Mercantile Co-Op. Bank Ltd. | 1 |
| The Federal Bank | 1 |
| 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 Ltd | 1 |
| The Surat Peoples Co-op Bank Ltd | 1 |
| TJSB Sahakari Bank Ltd | 1 |
| UCO Bank | 1 |
| Union Bank of India | 1 |
| United Bank of India | 1 |
| Vijaya Bank | 1 |
| YES Bank Ltd. | 1 |