Comment on Apply for IPOs using UPI

Arun Bhatt commented on 12 Dec 2020, 12:03 AM

I applied for Burger King. IPO through UPI mandate for maximum amount possible for retail investor. I received a request mandate on my bhim app but it errored out on accepting the same. Now I have received a message from Zerodha saying I haven’t been allotted any shares in Burger King IPO. I have 2 questions:

1. If UPI mandate process is such un-reliable why Zerodha is promoting it?
2. Why I didn’t receive any shares instead of bidding for highest amount?

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