dear sir i apllied the 975 shares for adani power but till date the cheque is not prsesnt in bank so plz tell me the status the application ap.no 51740537 cheque no 539452 app.name kailash chand agarwal
i have just received sms for ECS refund ..its credited in my icici bank account .i had applied through icicidirect...lets pray for good listing... 110+ at least...
We have applied 325 shares of Adani Power but we have received only 123 shares.As per basis of allotment 325 shares = 147 shares allot.Please advice & explain.
I am using ICICIDirect. I see that after IPO allotment, I see shares credited to my demat account but having no code name (eg ICIBAN) . Neither is the buy or sell option.
The result is that it takes a few minutes for Company code to appear in demat account on the listing day . Hence, it is not possible to sell the shares within a fcouple of minutes of market opening.
How can we sell the shares within a couple of minutes on the listing day
OR
How can we set the limit price for selling on the IPO listing day before market opens ?
The Adani Power initial public offering (IPO) witnessed huge investors' interest and was subscribed 21.64 times. The issue received bids for more than 538 crore shares as against the issue size of 30,16,52,031 shares, as per the data available on the NSE website. Qualified institutional investors gave a strong response to the issue and their reserved portion was subscribed 39.5 times. Non-institutional and retail investors' portion was subscribed 8.62 times and 2.97 times, respectively.
If you are a retail applicant, then Moneycontrol draws up the basis of allotment for you. Firstly, all retail investors will not get an allotment. The ratio has been fixed at 5:13, that means, out of eA retail investor who applied for 65 shares would get 65 shares. However, out of 13 applications applied for 65 shares only 5 applications were selected for the allotment. Applications for Rs 52,000 or 520 shares would get firm allotment of 172 shares. For an application worth Rs 97,500 or maximum application of Rs 1 lakh would fetch firm allotment of 368 shares.
I applied for 260 shares but got only 98 can any one explain why isit so? I read in money control and below comments that for 260 shares allotement is 123 shares.
Instead of applying IPO through broker's website and trading portals, use your SBI's internet banking and apply through ASBA. Your money will be deducted only to the extent of shares allotted.