issue size = 15,00,000 shares retail = 35%, which equals - 525,000shares lot size - 1200shares / lot no. of lots in retail = 525000 / 1200 = 437.5
How this fraction (600 shares) will be distributed, Even this shares, says 10shares given to 60 allotted people, than also how they will sell because lot size is 1200.
In case of oversubscription SHNI category, they only apply only in under 10 lakh amount, then in case of heavy subscription like anlon tech. How they get the allotment
@jay here In book built SME IPO, sHNI and bHNI will be there. In fixed price SME, just only HNI
154.3. jay here| Link| Bookmark|
January 4, 2023 12:06:53 AM
IPO Mentor (700+ Posts, 500+ Likes)
There is no such things like bhni/shni in smes.
Refer image 1. It is a snapshot of anlon's rhp(book built) there is NO clarification of portion reserved for bhni and shni.
Refer Image 2. It is a snapshot of elin's rhp(mainboard).Sharing this as an example if there is separate reservation of bhni/shni,there should be clarification like this.
154.4. jay here| Link| Bookmark|
January 4, 2023 12:08:34 AM
IPO Mentor (700+ Posts, 500+ Likes)
Anlon snapshot.
154.5. lokes| Link| Bookmark|
January 4, 2023 10:16:37 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@Arjun M: Please don't post wrong info when not sure of something....its better to be in read and understand mode... @gaurav: allotment in all sme ipos are proportionate in hni, the more lots you apply, better the chances....in simple term, chances of getting allotment are : no. of lots applied / hni-subscription....
154.7. Imhilli| Link| Bookmark|
January 5, 2023 9:03:59 AM
IPO Guru (1200+ Posts, 700+ Likes)
@Lokes Sir, please correct me if I am wrong. I am learning and so far from BOA I could understand following: In SME , allotment is proportionate. But it has a dependence on the lot size also. Even if you apply a big lot, if you are alone in that lot size and the total amount in that lot size falls below the threshold value (required to get 1 lot), allotment will be nil. Thus, there is also a requirement of few people apply in your lot size to clear the threshold value.
154.8. lokes| Link| Bookmark|
January 5, 2023 11:59:43 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@Imhilli : ya its little tricky so i mentioned in my post as "in simple terms".... lottery happens in each lot size as per no. of applicants, and round off happens at 0.5 approx to select next/before no. of lot for allotment in that lot size as per no. of applicants and subscriptions...For more info, please spare some time to read this below post, you will surely understand.... https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1207&c=489020&ap=1
Using ICICI flexi deposit, however making sure that minimum one lot amount available in savings form. Haven't tried with all amount in flexi deposit however should work.
@Lot kab lagega, in Kotak, for you is it setup as Sweep in FD or Linked FD?
153.9. MVP| Link| Bookmark|
January 5, 2023 2:50:50 PM
IPO Guru (1400+ Posts, 1000+ Likes)
I hope you meant sweep in FD. In ICICI it is called Money Multiplier FD. I'm using it for quite some time now and works perfectly fine. Normally i keep 1 lot(2 lakh+ in case of HNI) worth of money in the saving account. At one occasion I got the allotment of Harsha Engineers, and some Rs 100 were short in my saving accounts, it got debited from FD. Works very well.
Can some HNI investor guide if the max limit to apply in such IPO is 15% or up to the full 100% of issue size?
151.1. lokes| Link| Bookmark|
January 2, 2023 9:56:16 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Max limit by hni to apply in any kind of ipo is: Net issue - QIB portion(if available) or in other words, max limit to apply is HNI + retail portion from Net issue.
And Net issue in sme ipo = Total issue - market maker portion Net issue in mainboard ipo = Total issue - shareholder/employee portion if available.
ICICI failed today to execute the order, all the orders showing are in the "ordered category and not executed". And for retail investors, they even removed the IPO from the list where one could apply post-3 PM.
Facing same issue with icici asba Submitted 5 retail applications on friday after maket hours, ideally it should be executed today But still i see "Ordered " status ( not executed )
Not buying is ok but not applying is stupid that too when you have free cash and obviously the return is going to be high.
147.2. Imhilli| Link| Bookmark|
January 2, 2023 3:04:05 PM
IPO Guru (1200+ Posts, 700+ Likes)
Agree with Arca.. But in this game of blocking and unblocking, where money is not going out of the system, there should be a good banker, who will provide higher than SB returns. ICICI bank is one choice where you can keep money in flexi deposit with full liquidity and interest rate more than 5%. Is there any other choice? I heard that HDFC bank also provides similar facility.