Rejection of an IPO application may be due to:
- Insufficient funds in the bank account linked to entered UPI ID
- Entered UPI ID belongs to a third person
- Entered wrong UPI ID
- Declined UPI request on UPI app
- Technical failures at UPI app or your bank
- Technical failures at IPO sponsor bank that sends mandate
- Other Incomplete requirements
Please make sure you meet all the requirements to avoid application errors. Read our blog to know more about these requirements.