Aditya Birla Sun Life AMC Ltd IPO Message Board (Page 22)

This is not a rights issue. This is IPO where the shareholders of ABCL have got some shares reserved for them. While applying for IPO, u may choose the shareholder category to apply if u want to apply in shareholder category.

Market cap or valuation ke according theek hai. Niche jane ki sambhavna na ke barabar lag rahi hai baki market hai kuch bhi ho sakta hai.

Mere according 30% minimum return ban jane chahiye

On what basis 30% minimum return and what is timeline?

@ Srikanth,
I think, Dilip Davda sir is the biggest expert of this forum.
There is no harm to go with Mr Dilip Davda.

Thanks.

With due respect to mr.dilip davda sir

I am with him for ABSL AMC.
But sometimes he is too conservative

Anyway

I always read his remarks carefully but sometime i went against him and earn too.

@ Aniketiaf Mr. Dilip Davda failed in Aashka, Car trading, and other iPods. His suggestion might be okay / good for other iPo’s. At the end of the day it’s our money. We will suffer.

AMC business is debt free, asset light business. Growth opportunity is enormous with simple head counts increasing with folio numbers. ABSFL remains to be in top 5 AMCs. There is also consolidation likely in AMCs with weaker and smaller ones selling out. It will be good on linger term or few months of listing. I am applying in shareholder and retail both.

Talking of Dilip Davda, you will find the phrase ‘apple to apple’ in all of his reviews

Srikanth,
So you want a 100% accurate Expert. It is a sincere request to inform me also whenever you find . I will also start following him.

Thanks.

Proportionate like in HNI

Becs shareholder can bid under his category for more than 2 lacs application also.

Minmum Bid: 1 lot
Maxiumum Bid: Up to maximum quota size

Thanks Spock !!!

Hi @Spock ,
If a Shareholder applies in retail category , my understanding is that they get preference.

So then in RETAIL category, it will be a preferential lottery
and in HNI category a preferential Proportianate amt of shares

Is this not the right understanding ? Feel free to correct me/ add your inputs as how much''s the preference % alloted

Just got the email. they are very clearly said
Please note that Bids by ABCL Shareholders in the ABCL Shareholders Reservation Portion as well in the Retail Portion shall not be treated as multiple bids. However, Bids by a person in the ABCL Shareholders Reservation Portion as well as the Non-Institutional Portion (generally referred as HNI Portion) shall be treated as multiple Bids and therefore liable to be rejected. For further details, see "Offer Structure" beginning on page 323 of the RHP.

this clearly means that those who are bidding above 2 lakhs can bid in either shareholders category or HNI category

Ganesh,
Registrar might used old email format for reference and not gone through RHP thoroughly.

DBJ,
RHP:
Bidders bidding in the ABCL Shareholders Reservation Portion can also Bid under the Net Offer and such Bids will not be treated as multiple Bids subject to applicable limits. To clarify, a ABCL Shareholder Bidding in the ABCL
Shareholders Reservation Portion above Rs 200,000 can Bid in the Net Offer for up to Rs 200,000, otherwise such Bids will be treated as multiple Bids and both the Bids will be cancelled. If ABCL Shareholder is Bidding in the ABCL Shareholders Reservation Portion up to Rs 200,000, application by such ABCL Shareholder in Retail Portion or Non-Institutional Portion, shall not be treated as multiple Bids.
Therefore, ABCL Shareholders bidding in the ABCL Shareholders Reservation Portion (subject to the Bid Amount being up to Rs 200,000) can also Bid under the Net Offer and such Bids will not be treated as multiple Bids.

hope this will clarify your doubt.

I have also received an email, in email, they have not written as per RHP terms.
Not sure are these people really doing homework before sending such emails.

Ganesh,
Then why in RHP they have mentioned "Retail Portion or Non-Institutional Portion" ????
They could only write "Retail Portion"

What I understands from RHP that if you are applying less than 2 lakh bid in shareholders quota then you are eligible to apply in HNI quota.

here a clear difference from SBI Cards IPO shareholders quota, in SBI cards shareholders quota allotment was only to those who applied above 2 Lakh bids. hopefully in ABSL AMC, this loophole has been filled.

simple
apply in share holder portion for Rs 199360 ie 280 shares
and retail quota rs 14240 ie 20 shares

@ganesh
Forget SBI card,
in email they are saying if we apply in shareholder category + NII then bids will be rejected.

What you are saying I am also have same understanding "What I understands from RHP that if you are applying less than 2 lakh bid in shareholders quota then you are eligible to apply in HNI quota."

@Chem Cho
Yes Sir, this looks very safe option if we want to apply and take advantage of shareholder category.


But I am sure Email & RHP content are not on same page.

Yes , there is a contradiction between email content and RHP referred in the email. I wrote to ABFSL explaining this and awaiting a response. Also asked them to send another email to all shareholders clarifying this. Let us wait.

DBJ....IF U THINK REGISTRAR HAS USED ALL E MAIL U CAN GO AHEAD WHAT YOU FEEL.
BTW IT''S 100% YOUR BOTH APPLICATIONS WILL GET REJECTED THAT''S FOR SURE.

TASTE THE WATER.

@Ou Ai, Thank you
They have to respect allotment as per conditions mentioned under RHP because this is official document.

@SONMAYA
what do you think i am behaving here oversmart? i am just reading RHP here. and pointing what is contradictory.
BTW thanks for your advice which i really dont need at this time. No further advice needed from your side to me what i need to do.
I am not asking anyone to apply in shareholder + NII at same time. dont tell me to taste water or something else.

Raising contradictory communications is perfectly all right.

DBI & Ou Ai Sirs,
If some big HNI applies in the HNI category as well as the Shareholder category (>2L) and if they reject his both applications. Then in this case as per RHP that HNI has all rights to summon Registrar.
I am sure as Ou Ai sir already wrote to ABFSL, they will soon correct either RHP or they will send new emails. As of now instead of discussing people''s views, let''s wait and watch.
Another main point does we really want to apply in this IPO or we can skip it, then we can decide in which category we can go.

@Spoke, yes apply or not apply is another our main concern and i have still not decided.
I am waiting for experts view including Rajakumar Sir''s view, I hope he will soon post his view.
BTW, I am eligible for shareholder category from my all 9 demat accounts, so i have many options, also issue size is big so if I want to go big on this i can.

Oops, sorry,
Please read above my comments line as
"HNI applies in the HNI category as well as the Shareholder category (< 2L) (**less than 2 lacs in shareholder**) "

SORRY.... DBJ...BTW ONE OF MY FRIEND TOLD ME THAT U CAN APPLY IN SHARE HOLDER CATEGORY AS MUCH U WANT ( HNI)AND APPLY SINGLE LOT APPLICATION IN RETAIL...
THIS WAS HIS REPLY WHEN I TOLD YOUR RHP QUESTIONS TO HIM...

@SONMAYA
Your friend has obviously erred! In RHP page 335 onwards several examples are given saying that if ABCL shareholder applied over Rs. 200000/- and further apply in public issue, both will be treated as multiple applications. This means, applying in shareholder category as HNI, same investor can not be in retail category. Please read RHP carefully.

@FOR ALL OTHERS IN THIS MESSAGE

I have written email to ABCL seeking a response on whether a shareholder applying below 200000/- in shareholder category can also apply in either in IPO NII (HNI) in public offer, also mentioning contradiction in email & RHP. Though reply is awaited, we can logically deduce that a shareholder applying in shareholder category below 200000/- is also eligible to apply in only Retail below 200000/-, not NII(HNI). RHP also mentions that anyone applying over Rs.200000/- in shareholder category can not apply in other category of net offer.

An investor can not be both HNI and Retail individual investor in parallel in same IPO. With a single PAN card one can either be a retail below 200000/- or HNI above 200000/- by SEBI definition. Shareholder category is a reservation for only individual shareholder with proportionate allotment, and no quota categorization between Retail & NII(HNI). Therefore anyone applying under NII(HNI) in IPO above 200000/- can not apply in retail below 200000/- in shareholder category. To this extent email is in order and RHP has erred.

Finally one is eligible to apply in shareholder & IPO retail both below 200000/-. FAQs IN CHITTORGARH ABOVE TOO CONFIRM THE SAME.

Only remaining query is can a shareholder be NII(HNI) in both IPO and shareholder category? I have no answer for this.

Mr ouAi
In case of sbi card ipo i applied single lot in share holder category and nii(hni) application in general category.
I got allotment 19 shares in share holder category and 34 shares in nii category.
I think in Aditya birla sun life ipo also one can apply application below 200000 rupees along with nii application in general categoty

@ Mr.R K Maheshwari

Yes , SBI cards is a good reference to recheck. On revisiting SBI cards RHP from page 860 onwards and discussion threads 820 to 880 onwards, an application above Rs.200000/- in any category is considered NII(HNI) that bars applying in another category. It is clearly mentioned, to be able to apply in both category , application has to be below 200000/-. Once a PAN number is in NII (in shareholder or public IPO) it can not be used to apply in another category. The benefit of not considering as multiple applications is offered only when application is shareholder and Public offer retail below rs.200000/- each. This point is much more clear in SBI cards RHP as well as email.

In SBI cards to Chittorgarh opined that in both category have to apply below 200000/- as mentioned here in FAQ

ABCL RHP has erred in this. It is possible you may have used different PAN cards in both applications. Or If you are allotted both in NII and shareholder quota, in the same PAN , you are lucky, there can be an overlook as it is happening in 3rd party applications now in few issues where filters are used.

Little out of the topic.

As I read both SBI cards RHP of March 2020 and ABSFL RHP of this month , I observed that in the former it was mentioned UPI payments from 3rd party is liable to be rejected with no mention of ASBA. But, in ABFSL, this sentence is changed stating ASBA & UPI payment from 3rd party is liable to be rejected. Is this a new change?

Mr ouAi
In case of sbi card ipo i got allotment for same pan number in share holder quota and general nii quota.
My wife also applied in both quota like me and due to lottery she got allotment in nii quota only.Applications for wife were submitted in her one pan number
In both cases applications were not considered as multiple in sbi card ipo.

You should have received, check spam folder else write email to kfin .
Registrar already sent email about shareholder quota eligibility.

Checked everywhere.
Nothing is received.

Can I still apply in Shareholders or the email is a must?

You can apply

definitely you can apply in shareholders category.

Check

Your share in demat Or pool

Or if u takes margin money with pleadge

@Devendra ipo

Never used margin money.
Bought delivery and share are visible in the portfolio.
Since April, they are there. No profit but can be handy in this ipo.