How to apply in BHNI category for 10 lacs and more investment in IPO ? I am not getting option in Angel broker . Anybody an guide any broker where we can apply in BHNI Category ?
@SandeshNANA You cannot apply for more than 5 lakhs via UPI option. You have to use the ASBA option. Use your banking portal or app to apply more than 10 lakhs, BHNI..
It is very easy, if you already have internet banking enabled.
Hope this helps..
38.7. MVP| Link| Bookmark|
February 5, 2024 12:29:31 PM
IPO Guru (1500+ Posts, 1100+ Likes)
If i have 5 different demat account with 5 different PAN, I'll apply 5 SHNI.
Help me, experienced friends. If i apply 20lots from 2 demat accounts, will there be lottery between 2 of my accounts if no one matches 20lots & out of my 2 account, only 1 will be allotted ?
35.1. MuStrFc| Link| Bookmark|
February 3, 2024 8:19:17 PM
IPO Guru (3000+ Posts, 2400+ Likes)
Theoretically that's true if subscriptions remain 40x or less than it. If hugely oversubscribed, which is the general norm for any IPO nowadays then your lot category might not even fall in lottery.
In mainboard IPO there is no extra advantage in single application of more than minimum lot or lots in retail, SNII or BNII category if that category is oversubscribed APPLICATION WISE
In SNII category of mainboard IPO there is no change in your allotment chances whether you apply for 14 lots or 20 lots or 25 lots or 67 lots etc, if SNII category is oversubscribed APPLICATION WISE. It doesn't matter how many persons apply for 20 lots. Your chances of allotment depends upon number of applicants in SNII category. It doesn't depend on number of applicants for 20 lots
Dear All, If in SHNI if instead of applying say 14 lots @ Rs. 208320/- if i apply for say 28 lots @ Rs. 416640/- Does it increase the chance of allotment as very difficult to get allotment otherwise or this is just stupidity ? Please confirm Sir. Rajesh Poddar
It doesn't matter if you are applying in shni category with minimum lots or maximum lots. Every shni application will be considered as the same. If you have two pan numbers you can apply seperately. This would increase your chances.
In mainboard IPO there is no extra advantage in single application of more than minimum lot or lots in retail, SNII or BNII category if that category is oversubscribed APPLICATION WISE
@Ascension , It's about active money or Flexi FD facilities by private bank. I don't know weather It's available in 811 verson or not. You need check with your branch for that. FYI, I've got Previleague account varient.
Can I apply IPO through minor account ( 2 year old child)? if yes, which bank account and demat account allow such type of IPO minor application. HDFC doest not provide ASBA ( net banking) for 2 year child)
Gupta ji kindly highlight how to apply asba or UPI minor ac with HDFC Bank today visited HDFC branch staff denied update minor pan no in bank account they said apply from gurdian ac but in guardian ac pan card mentioned guardian
@sunil surat Seems they dont know. For me also once they denied and then I asked to check with some senior officer and they updated pan in minor account.
29.4. sashah| Link| Bookmark|
February 3, 2024 6:07:40 PM
Top Contributor (400+ Posts, 100+ Likes)
@GuptaG I have a minor account in HDFC and am applying for an IPO... I got allotments in Tata Tech, Concard, BLS, etc... You have to log in from Guardian Net Banking and see both of the accounts. When you click on IPO/right issue from net banking - you have a drop-down to see guardian and minor account. Once I select Minor account then it takes me to the IPO application for my minor daughter...
@sashah HDFC branch staff not update minor pan card in ac staff say no any option for minor pan card update They apply ipo from gurdian ac if apply ipo then technical rejection due to not updated pan card of Minor Any option online update pan card in account?
29.6. sashah| Link| Bookmark|
February 3, 2024 9:19:30 PM
Top Contributor (400+ Posts, 100+ Likes)
@sunil surat I got PAN updated at the time of opening bank account, hence it should be available to get them...
how we find information in dhrp about shareholder quota. i am trying in agilus diagnostics limited and arshivad micro finanance limted, but i could not get.
PLEASE GUIDE....... THANKS IN ADVANCE.
27.1. MuStrFc| Link| Bookmark|
February 3, 2024 2:55:06 PM
IPO Guru (3000+ Posts, 2400+ Likes)
Because there is no shareholder quota mentioned in those issues, the same is not visible in DRHP. You have the information that IPOs of those companies will come, so in preparation, just buy 1 share of each, which is no harm and when the actual RHP is filed, you will have a chance to apply in shareholder quota, if its included in the filed RHP
Hello friends I recently opened minor account and activated UPI in minor account but the problem is, the UPI user name is by default mine, not my kid name, does anyone faced this issue ?
@Tindu Mindu If you dont mind, can you please provide the HDFC Minor account CRN. I had opened savings account in my 15 years Son but they didnt provide debit card or netbanking (after opening the account ) saying that they cant provide for minors . Its useless now & we also need to maintain minimum balance while the account is of no use.
Boycott NTPC Green Energy IPO
26.4. sashah| Link| Bookmark|
February 5, 2024 8:44:39 PM
Top Contributor (400+ Posts, 100+ Likes)
@PavanM HDFC netbanking is allowed through guardian login only and not have individual login for minor account.. You can apply for IPO through the guardian netbanking and when you got to IPO page in HDFC Bank website.. you will get drop down and select minor account to proceed and apply for IPO through ASBA process
BIG BREAKING NEWS : RBI LIKELY TO GOING CANCEL PERMIT OF PAYTM BANK .. ALL DEPOSITORS SHOULD WITHDRAW THEIR DEPOSITS AT THEIR EARLIEST .... SOON PAYTM SHARE MAY TRADE IN DOUBLE DIGIT...??
21.1. Simply Vicky| Link| Bookmark|
February 3, 2024 10:33:12 AM
Top Contributor (700+ Posts, 100+ Likes)
@Market Advisor Its a wonderful news for other fintech co & traditional psb/private banks..paytm bank was not adhering to Rbi guidelines.
20.1. UjwalG| Link| Bookmark|
February 3, 2024 8:25:08 AM
IPO Guru (1300+ Posts, 600+ Likes)
72 if we annualized fy24 earnings and 68 if we take fy23 earnings
20.2. CoolAsh| Link| Bookmark|
February 3, 2024 5:47:28 PM
Top Contributor (700+ Posts, 100+ Likes)
The key is the debt pay off/ reduction. That has potential of taking EPS to upto 5 on current operations. That way it seems reasonably priced
19. Som mca| Link| Bookmark|
February 2, 2024 11:51:15 AM
Top Contributor (300+ Posts, 200+ Likes)
Secondary market are very bullish, can give some more return, don’t sale your holding for upcoming IPO. My Observation not recommendation. A bird in the hand is worth two in the bush..