Can any one tell me how RII get allotment in case of over subscription ? If it is not over subscrib then they will got Rs. 200000 divide by price of share price. M I right or need some correction.
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I apply using hdfc bank.. and never get allotments whenever registrar is linkintime. Many times get allotments when registrar is karvy. Seems Linkintime''s random number picking logic doesn''t pick hdfc application numbers.
I apply using hdfc bank.. and never get allotments whenever registrar is linkintime. Many times get allotments when registrar is karvy. Seems Linkintime''s random number picking logic doesn''t pick hdfc application numbers.
you are absolutely right. one has to compile which bank they are biased towards... I use sbi and karvy allotments are mostly successful. I need to know people who apply with which medium for bigshare ?
No man, I have been applying in ipo since jan 2017 and till now I have only got BSE ltd.(oversubscribe), CL educate(under subscribe), ICICI Lombard(oversubscribe) and I am using SBI.
Till now I have applied for more than 40 ipos and got only 3
Karvy is better allotment, Linktime is worst in allotment
538. ipo share| Link| Bookmark|
January 28, 2018 3:49:39 PM
IPO Guru (1500+ Posts, 700+ Likes)
@ rsk. Dear friend, I have seen the allotment basis of Apollo Micro. Each category of retail have been allotted shares in the same ratio irrespective of nos. of times subscribed in each category. Hence, it will not matter how much shares you apply. It is no use of applying more than minimum lot under present rules. Please see ratio column for confirmation.
How much time we have to hold or book profit i am able to hold 6 moths to 1 year pls tell
535. Manofsteel| Link| Bookmark|
January 27, 2018 7:51:36 PM
Top Contributor (200+ Posts, 200+ Likes)
There is No difference in applying from different Addresses. Or timings. Or online or offline or Different banks. I have got allotment from offline form / Online, by applying on the 1st day/ 2nd day /Morning /afternoon / And Even at 1.55pm on the last day. The only way is by applying from multiple Accounts with different PAN''s. Maybe not simultaneously ( to avoid a series of Application Numbers)
Yiu seems have only 1 dp account per pan , many traders have multi dp/trading account in different brokerage house.it may be on radar during allotment,to denied such holder imo.
535.2. Manofsteel| Link| Bookmark|
January 27, 2018 10:37:08 PM
Top Contributor (200+ Posts, 200+ Likes)
I had 3 DP''s. Edelweiss. IIFL. And Religare and Am Having Demat in Both Cdsl and Nsdl. It doesn''t matter.
535.3. Manofsteel| Link| Bookmark|
January 27, 2018 10:37:24 PM
Top Contributor (200+ Posts, 200+ Likes)
Though I am applying through 3 applications with 3 different PANs, I could not got any allotment in IPOs managed by KARVY. I don''t know the allotment procedure for KARVY, is there any manipulation possible in allotment.
534.1. ipo share| Link| Bookmark|
January 26, 2018 10:59:51 PM
IPO Guru (1500+ Posts, 700+ Likes)
I am also applying 4 applications of family members but no allotment from Karvy. Definitely manipulation going on. After all, computer programme can be managed to suite one''s interest, more so when agency like SEBI id least interested in supervision mechanism for allotment process.
A suggestion for those. Who has multiple applications to put. please do not put your all application in a single day. there is always 3 days to put application. so if possible submit your application in each day. its not 100% formula but for me this formula works alot. its just suggestion.
534.3. rsk| Link| Bookmark|
January 27, 2018 8:03:59 AM
IPO Mentor (600+ Posts, 300+ Likes)
There are couple of ways: 1. Do not use consecutive application number forms, have a gap of 10-15 numbers in each application. 2. Do not apply 1 lot for applications for all, apply 1, 3, 5 lot is only as example that way you fall in diff band, although the ratio may well be same. Good luck
534.4. Khemka| Link| Bookmark|
January 27, 2018 8:11:31 AM
(1000+ Posts, 400+ Likes)
All multiple application should have different addresses too to get allotment , same address maybe instructor in process
534.5. rsk| Link| Bookmark|
January 27, 2018 8:27:17 AM
IPO Mentor (600+ Posts, 300+ Likes)
Diff address would be tech rejection? Will not match with depository address as well as bank address!
Random Gen Algorithm: The lottery algo probably based on application numbers only (aft tech rejections) is a logical choice. Once ratios are fixed for each category ( x lots, x = 1 to max lots), someone enter a random app number, program will then pick yth (y = 80 or 100 etc depend on subs) application. IT experts can enlighten