Can application be made in this SME IPO through Groww demat account. If yes than what is the procedure as I can't see this company in IPO section in my groww app.
Yes you can apply NSE SME IPOs through Groww app, all you need to do is either search the ipo name in search tab or 2nd option is to click on IPO tab than there would be an option of filter in upper right corner from there you can select the SME IPOs.
but there is a catch, Groww has only NSE SME IPOs and not the BSE SME ( Amkay is BSE SME ipo) and there is no pre market selling feature on Groww.
You can consider switching to other brokers if not comfortable with above mentioned limitations.
Rule is One PAN One IPO application with same PAN's Bank account, now do in whatever combination you like. If you do anything else than this, it will most probably be rejected.
@Tejas Pandya & other senior member. Need your suggestion. I have 4 demate A/C and 40L fund. For current SME IPO what is a good option for me. Option 1: applied in all 3 API in HNI category Option 2: apply in two IPO Amkay & SaiSwamy OR Amkay & Storage OR SaiSwamy & Storage Option 3: apply only in one IPO Amkay OR SaiSwami OR Storage Option 4: don't apply at all :)
23.3. MuStrFc| Link| Bookmark|
May 2, 2024 11:37:02 PM
IPO Guru (3100+ Posts, 2400+ Likes)
I would suggest to go for retail in Amkay from 4 accounts. Divide the balance then in HNI across 2 accounts in 2 IPOs@NileshIPOGuy
Dear experts I have one query.....as for NSE stock circuit changes for next day daily at 4: 45 PM Same exactly at which time BSE stock circuit change took place...🤔 I will be very thankful if anyone answers my query 🙏🏻
Hi I have a question . My bank account name is for eg Narendra damodar Modi But demat account name is Narendra Damodar Das Modi Can this lead to non allotment of ipo ?
@TARUNSHAREJIThere may or may not be problem, I don't know. But Why you want to keep different spellings or additions etc in your name. What is the problem in getting same spelling/names. Change your name and get same name/spellings in D=MAT ACCOUNT / BANK ACCOUNT / PAN /VOTECARD / AADHAR ETC. Rest your choice.
@TARUNSHAREJI No, such minor difference should not be an issue for purpose of IPO and allotment thereof. Ideally, you should get it rectified in both the places. Once, I received a cheque from some agency for one of family members where full name was not mentioned in the cheque, it actually created a lot of hassles.
@Dhiraj Ramchandani@Tejas Pandya Ji Looking at present subscription of it and other two IPOs in market at same time , for how many lots to apply to NII category to increase chances of allotment? Pl reply
I am new to CG and following it since last few weeks. I thank all members for their active and valuable contribution towards educating others.
As my first query may I please know what is the mode (upi/asba/netbanking/others) and respective cut-off time for IPO application through SBI under NII?
For SBI, below bid of 5 lakhs (Retail or HNI<5L) can be made through UPI mode. One can submit the application through the broker and accept the mandate before 5pm. For bids more than 5 lakhs, one can opt the route of ASBA and the cutoff time in SBI is 2pm.
You may have to increase your bid to better the chances for allotment. Even a bid for 100 Lots (Rs 1 Cr+) entails only 50% chance under proportionate allotment!
But best wishes for a successful allotment nonetheless 🤗
MightyM ji, Thank you very much for your kind suggestion and best wishes. I am a small investor and can’t afford to bid for any more lots. God blesses you with all the best.
Groww only allows you to apply in NSE SME by searching for that IPO name. If you need to apply for BSE specific SME like Amkay, apply using your BANK ASBA. Groww doesn't allow you to trade after its allotted in both NSE and BSE SMEs.
Dear Balaji, Pls advise how to sell NSE SME if allotted in Groww as it is suggested that Groww doesn't allow you to trade after its allotted in both NSE and BSE SMEs.
just see anchor list on CHITTORGARH. now suddenly anchor list remove from page. only two anchor investor invest in this IPO.
10.1. MuStrFc| Link| Bookmark|
April 29, 2024 9:19:38 PM
IPO Guru (3100+ Posts, 2400+ Likes)
@SAMJO HO HI GAYA Having anchors in SME is a thing of its own. Here the issue size is small, still the backing is present, thus, two anchors should be sufficient.
9. Scrip| Link| Bookmark|
April 29, 2024 9:41:43 AM
Top Contributor (500+ Posts, 200+ Likes)