@M_Ravi Bro..What is maximum application size for HNI client in this IPO ? Is it 7,10,400 shares or 7,12,800 shares ? Can you tell, if you are informed.
@MRavichandran - I know you are,generally, a long term Investor that's why I want to know your frank opinion on 1) A B Cotspin 2) Precision Metaliks 3) Swaraj Suitings 4) Sonu Infratech 5) Le Merrite and last but not the least SKP Bearing, for the person having holding capacity of 2 to 3 years.
DILEMMA OF INVESTOR WITH LIMITED FUNDS (LIKE ME) Whenever some good IPO is there with good GMP, you make your mind and say in this I will go full force. But, suddenly you find some more IPO appears at the last moment with good GMP or good fundamental. And, one get confused as what to do? Go full force in one or divide the funds between them. Greed make you land nowhere (except if you are lucky). Again, I think another IPO is coming of HEM on these dates......
This is the dilemma faced by everyone. If you divide funds between 2-3 IPO's, you lower your allotment probability. Better to shortlist one IPO and apply FF.
@Vineet Bansal - You are absolutely right but Investor must shortlist such IPO, which is fundamentally sound, has some GMP and within the reach, then apply with FF instead of chasing so many. This is my opinion and not advice to anyone.
Phele din hi retail 5 times subscribe ho gaya last din me kya hoga Sirf block unblock ka game hone vala he esa lgta he 🥲 438 log hi lucky honge retail me se 👍
Does it really help if you apply more than 2 lots? I don't know about SME but in mainline if the issue gets oversubscribed you get only 2 Lakh worth shares even if you apply for bHNI. If we assume similar rule then more than 2 application doesn't make any sense since your chance of allotment remains same. Please correct me if I am wrong.
Groww support SME stock selling but don't support buying, for buying one need to apply thru ASBA
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December 29, 2022 4:37:18 PM
IPO Guru (1800+ Posts, 1100+ Likes)
Free money from RBM Moxsh Homesfy Arihant Uma will part here and free money from here can b utilitied in Chaman Metallics. Ideal condition for applier so not an easy allotment
@Learner SK Retailers will never get tired. They have lot of funds. If one applies there is a chance of allotment. Applying in SME is now addiction and no one can stop himself. Always waiting for next and disappointed if there is no SME. Even promoters are taking benefit of our addiction. Over subscription figures show how addicted investors are for SMEs. Have a nice time.
Issue oversubscribed on 1st day itself. No wonder. Retailers are always ahead in subscribing the issue. HNIs may also subscribe on the very first day. But see QIB portion oversubscribed on the very first day. Can this be a trap?? Or it's genuine subscription to earn more profits, as QIB quota is earmarked only in some issues.
Is there more chance of allotment for higher number of lots application? Or is it lottery based, which means both 2 lots and 10 lots have same chance of allotment? Please let us know. This is always confusing
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December 29, 2022 11:21:52 AM
IPO Mentor (900+ Posts, 700+ Likes)
In smes hni category follows proportionate basis allotment.Thus higher the lots higher the chances of allotment.In retail it is lottery. For more details see any recently ipo's basis of allotment which is available on CG itself.
Dear members, please clarify me whether I can apply more than one ipo application for different PANs or only one ipo for one pan from one bank? Means I want to apply two ipo applications (two different PANs) from one bank, can I apply?
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December 29, 2022 11:26:22 AM
IPO Mentor (900+ Posts, 700+ Likes)
Pan demat bank should match if it doesnt then it is known as third party application.As per rules third party applications should be rejected but most registrars still accept 3rd party applications.It is advisable not to apply more than 1 application from same bank. Hope it helps.
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December 28, 2022 11:51:17 PM
IPO Guru (1600+ Posts, 800+ Likes)
Most of the banks doesn't provide separate Category in ASBA. When you select more than 1 lot, it is automatically considered HNI under IND (Individual) category. This is the case in most PSU banks as per my knowledge of PNB, Central Bank, SBI.
Same is the case with HDFC Bank ASBA. If we modify the quantity to more than 1 lot, it gives an alert stating this will be considered as HNI and you will not be able to cancel or downsize the bid.