Host packer....great information. Appreciate the work.
23.3. SONMAYA| Link| Bookmark|
September 9, 2022 1:55:07 PM
IPO Guru (1300+ Posts, 500+ Likes)
Great work..and information
23.4. Aman Ipo| Link| Bookmark|
September 9, 2022 3:56:56 PM
Top Contributor (400+ Posts, 200+ Likes)
@Hostpacker I don't feel that Bhni will be 100× or shni will be 400× based on number of applications here as most funds will be blocked in harsha engineers which is also having very high Gmp. Anyway, it will be challenge for most to apply Bhni applications in 2 IPO's simultaneously. Let's see how it goes.
Shni category mai koe 2 lot apply ker raha toh lottery syestam se usko 2 lot allot hoge ri8? Bhni mai bhi 2 lot milege par uske lie kitne lots apply kerne padege?
23.6. Aman Ipo| Link| Bookmark|
September 9, 2022 5:20:52 PM
Top Contributor (400+ Posts, 200+ Likes)
@wishal.. You are right for Shni For Bhni one should apply minimum 8 lots and allotment will be 2 lots.
23.7. Imhilli| Link| Bookmark|
September 9, 2022 5:28:14 PM
IPO Guru (1200+ Posts, 700+ Likes)
@Hostpacker I used to know that in oversubscribed SME all HNIs get 1 lot only. Is there any change in rule or this IPO is different than others? Please clarify.
I agree with Aman ipo, bhni & shni can't go that much due to lack of funds with people. And if mainboard hni rules apply ,no one is going to apply more than 2/10 lakhs. Bhni 50x is itself high (1250 people should apply 8 lots). Shni 120x is itself high (6000 people should apply 2 lots). Retail can go upto 60x
The above assumption were based on upsurge boa Where 40000 applied in retail and 2200 hni.
Actually in this ipo if you are having 8 retails or 4shni funds go with bhni.Being book built issue no retailers advantage here as there in fixed price ipo.
Puzzled to read minimum 2 lot allotment to SHNI and BHNI. Is there any rule change or it is for self estimation and guess work?
23.11. Aman Ipo| Link| Bookmark|
September 10, 2022 12:07:16 AM
Top Contributor (400+ Posts, 200+ Likes)
@ColdBurger As it a book built issue and not a fixed price issue like other sme ipo's so the new rules of shni and bhni are applicable here. And as per those rules, minimum allotment to both Shni and Bhni shall be more than 2 Lakh worth of shares. In mainboard ipo's mostly 14 lots would constitute 2 Lakh worth of shares and thus both Shni and Bhni are alloted 14 lots there. Similarly here 2 lots would constitute more than 2 Lakh worth of shares. I hope it is clear now.
i always use to think why there is option to select the price band or cut off in SME IPO when there is only one fixed price.. Now this is the first time i see the price band... why is it so?
Price is aggressive, they are taking advantage of SME IPO boom. Still it seems the one which can be applied blindly. Minimum 50% gain seems guaranteed.
Can someone pls explain the new rules of the sme ipo like shni bhni and all And also applying in which category would be most beneficial if a person have max funds of 1 shni application and 2 accounts pls tell
About 50 per cent of the issue will be reserve for qualified institutional buyers (QIB), around 15 per cent for high networth individuals (HNIs) and 35 per cent for retail investors.
If book building, new HNI allotment system will apply