All those who have still not applied in this ipo. Apply with eyes closed. Very positive stock. Definitely good for listing as well as for holding very very long term. Multibagger stock.
511. Eagleye| Link| Bookmark|
July 22, 2016 2:05:09 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Advanced Enzyme Technologies IPO
Last Day Subscription Fig. @14:00pm
QIB* – 32.35× (*EXCLUDING ANCHOR) HNI – 130.26× (market is expecting ... 425X) RET – 8.69× EMP – 1.42× TOTAL – 41.19× FORMS (APPROX) - 593,000 No.times of Applicationwise : 5.93x
Please inform the basis for allotment to HNI''s. Is it same like retail on lottery basis or it is pro-rata i.e. given proportionately on the basis of subscription. Thanks
Which trading platform is providing best IPO services. Online facilities has been withdrawn. We are on the mercy of these brokers, they don''t collect the signed IPO Application sometimes or make mistakes while submitting it. India Infoline (IIFL) services are going bad day by day. Any suggestions. Is there any platform which provide online IPO application facility
Hi I have applied for 50 lots through HNI but as HNI is oversubscribed by more than 50 times. Shall I withdraw the application? Please suggest. Shall I apply through retail?
I may be wrong, but in HNI you will have a chance of at least some lot allotment because for HNI there is no lottery, Allotment for HNI is on "total quota/bids received" basis, where as in Retail if the quota exceeds (which already has exceeded) your allotment chances are based on lottery.. now that changes could improve only if you can apply with multiple accounts.
So in my opinion, if you don''t have multiple demat accounts HNI is better option.
Correct me If I am wrong.
498.2. Venkatram| Link| Bookmark|
July 22, 2016 1:30:31 PM
Top Contributor (300+ Posts, 100+ Likes)
Try and see But I think the allotment chances are same in both the cases as retail will also be heavily subscribed and you would need multiple applications of 1 lot to stand a chance of allotment.
Also note that some Banks do not allow for NII''s to withdraw IPO bids. So check with your bank.
Thanks hrv and Venkatram for response. I don''t have option to withdraw the application. In NII, there is proportionate allotment. So for 50 lots if there is 50 times subscription, I''ll get 1 lot. But if subscription is 100 times, I don''t know how it will be done as I can''t get 50/100 = 0.5 lot. Will it be done through lottery or my case will be rejected ?