How many IPO applications can submit through online net banking from one bank account?

The allowed number of ASBA IPO application per bank account varies by the bank to bank. Some banks like SBI allows up to 5 IPO applications per bank account while other banks like ICICI Bank only allow 1 IPO application. If the bank allows multiple applications, it doesn't matter whose name these applications are on. They could be friends, family or someone else's name. Please note that only 1 IPO application is accepted per person (technically 1 application per PAN Number). if more then 1 application is filled with same PAN number, all the application under that PAN number will be canceled.An investor can debit a bank account for a maximum of x application for an issue. This number of specified as below: Number of IPO application allowed from one bank account Bank NameNo. of IPO Applications SBI Bank5 Kotak Mahindra Bank5 Axis Bank3 ICICI Bank1 HDFC Bank1