Hi, For SME IPO , allotment is separate for NII -Small (2 to 10 lakh) & NII- Big (above 10 lakh) ? Please suggest which option is better i.e SNII (upto 10 Lakh) or BNII (above 10 lakh?
@Vineet Bansal Sometimes I feel that why members don't enquire from their respective Bank about the timing and third party applications directly. This should be a general practice. Here members have different Banks as per their choice. To depend on others is not bad, but self help is the best help. I think so. Suno sabki karo man ki hi.
@PKRAJ Sir in the past i have enquired from the bank RM about queries related to ASBA and found that they themselves were clueless. Not only RBL, even my ICICI RM was clueless when i asked if we get the interest for the amount blocked in ASBA application. Heights was when i got contradictory replies from the the two banks for the same query. Since then i have started relying on experience of the the forum members. But as you said, suno sabki karo apne mann ki, i will put in application between 2-3 :)
@Vineet Thanks for your nice reply. In Banks RMs are of no use. They generally don't know about regular procedures. So, no need to expect from these. They are for increasing new business only. In the Bank we have to find out the right person who deals with ASBA and IPO if available. The same problem might be facing other members also. As far the amount blocked, the interest is paid unless any debit transactions done. Amount blocked can't be used unless unblocked. I have relation with Axis Bank, so I can give idea about this Bank only. Rest we have to find out the solution ourselves. Have a nice time.
In one account ICICI direct has not unblocked Arham non allotment money while in other Axis IPO server down. Hence shall apply the funds in Drona. if all OK.
I request Axis bank users to plz Tweet about the issue (axis ASBA down) & mention Axis bank & Axis bank services. Also, that they dont provide option to apply IPO through Axis mobile app!!
For the second time this month, Axis Bank has ruined the application strategy. Unable to apply from all my available demat accounts. This is such a poor service by Axis. Will shift
Hi, For SME IPO , allotment is separate for NII -Small (2 to 10 lakh) & NII- Big (above 10 lakh) ? Please suggest which option is better i.e SNII or BNII ?