An IPO application may be denied for a variety of reasons, including technical issues or errors made by the investor or intermediary.
Some common reasons for IPO transaction rejection:
Multiple applications using the same PAN card.
Entering incorrect and missing details in the application form.
Mismatch in the PAN name and bank account name of the applicant.
Incorrect UPI ID.
Incorrect bank account details.
Failure to approve the UPI mandate within deadlines.