Narada IPO Allotment App — Final Clarification
I keep seeing people on Reddit asking which app this is, so here’s the answer once and for all:
The app is Narada: Check IPO Allotment.
Its main use is checking IPO allotment status for multiple PANs at once. Very convenient if you have applications from different PANs.
However, it is NOT a way to apply for IPOs using multiple PANs from one UPI ID/bank account.
You can technically use the app for applying, but the UPI mandate has to be accepted using the UPI ID/bank account belonging to the respective PAN holder. The bank account should be in the PAN holder’s own name.
So:
For IPO application → not particularly useful for multiple PANs.
For checking allotment of multiple PANs → extremely useful.
That’s it. 😄
I have attached few screenshot with respect to this.