IPO Application Terms & Conditions — [TIQS]
1. Application of these Terms
These IPO Application Terms ("IPO Terms") apply whenever you apply for, bid on, or cancel an application for an Initial Public Offer, Follow-on Public Offer, or other public issue ("Issue") through [Tiqs] ("Platform"). These IPO Terms are supplementary to, and form part of, your account opening agreement, the Platform's general Terms of Use, and Privacy Policy. In the event of conflict specific to IPO applications, these IPO Terms shall prevail.
2. Role of the Platform
2.1 The Platform enables you to submit applications for an Issue through the Applications Supported by Blocked Amount ("ASBA") mechanism, including via the Unified Payments Interface ("UPI") route, in the manner made available on the Platform from time to time.
2.2 The Platform acts solely as an interface for submitting your bid for onward processing through the applicable exchange, banking, and payment infrastructure prescribed by SEBI, the stock exchanges, NPCI, and other authorised intermediaries. The Platform is not the issuer, the Registrar to the Issue, the Self-Certified Syndicate Bank ("SCSB"), the sponsor bank, or NPCI, and does not control, operate, or guarantee the performance of any of these entities.
2.3 The precise mechanism, participants, and timelines for processing an application may vary by Issue and are governed by SEBI regulations and circulars, exchange procedures, and the applicable offer document, as in force from time to time, not by these IPO Terms.
3. Eligibility and Your Representations
3.1 You represent that you are an eligible investor under applicable law for the investor category you apply under, that your KYC, PAN, demat account, bank account, and UPI details are valid, accurate, and linked as required, and that you have read the relevant offer document, including its risk factors, before applying.
3.2 You are solely responsible for the accuracy of all information you provide. The Platform is not liable for rejection, delay, or non-allotment arising from incorrect, incomplete, or mismatched information supplied by you, including duplicate applications in breach of the one-PAN-one-application rule.
4. No Guarantee; No Advice
4.1 The Platform does not guarantee that your application will be accepted, that funds will be blocked or released within any particular timeframe, that you will be allotted any securities, or as to the listing price or performance of any security.
4.2 Nothing on the Platform, and no communication from the Platform or its representatives, constitutes investment advice or a recommendation to apply for any Issue. Allotment, where applicable, is determined solely in accordance with SEBI norms.
5. Funds, Mandates, and Third-Party Processing
5.1 Blocking, debiting, and release of your application funds is carried out by your bank/SCSB and, where applicable, the UPI mandate mechanism, and not by the Platform. The Platform does not hold or have access to your blocked funds at any stage.
5.2 You are responsible for approving any UPI mandate or authorisation request within the time prescribed by SEBI/exchanges from time to time, and for maintaining sufficient funds in your linked account until the Basis of Allotment is finalised. Failure to do so may result in rejection of your application, for which the Platform bears no responsibility.
6. Cancellation
Cancellation of applications, where offered, are subject to the functionality available on the Platform at the relevant time and the cut-off timelines prescribed by SEBI/exchanges, as displayed on the Platform. Submission of a cancellation request does not guarantee that it will be processed, which remains subject to acceptance by the applicable exchange system.
7. Limitation of Liability
To the maximum extent permitted by law, the Platform shall not be liable for any loss, delay, or rejection arising from the acts, omissions, systems, or timelines of any issuer, Registrar, SCSB, sponsor bank, NPCI, UPI application, exchange, or depository, or from circumstances beyond its reasonable control, including technical or network failure.
8. Indemnity
You agree to indemnify the Platform against any loss or claim arising from your breach of these IPO Terms, provision of inaccurate information, or unauthorised use of your account or credentials.
9. Fees
Any fees applicable to the IPO application facility will be disclosed on the Platform in accordance with applicable law.
10. Data Sharing
You consent to the Platform sharing your application, KYC, bank, and UPI details with the SCSB, sponsor bank, Registrar, Depository, exchanges, and other authorised intermediaries solely as necessary to process your application, in accordance with the Privacy Policy and applicable law.
11. Grievance Redressal
IPO-related complaints may be raised with the Platform’s grievance officer at grievance@tiqs.in, and, if unresolved, escalated through SEBI SCORES, the SEBI Online Dispute Resolution ("ODR") platform, or the relevant stock exchange's investor grievance mechanism.
12. Amendment
These IPO Terms may be amended at any time to reflect changes in applicable law, SEBI/exchange requirements, or Platform functionality, with the version in force at the time of your application generally governing that application.
13. Governing Law
These IPO Terms are governed by the laws of India. Disputes shall be subject to the applicable exchange arbitration mechanism and, thereafter, the courts at Mumbai.