I am unable to apply for this IPO online because ICICI Bank''s ASBA feature not worked.got this message when i click invest in IPO link " this feature is temporarily unavailable" anyone else here with ICICI Bank account faced this problem?
Four companies from sectors like online marriage services, electronics, infrastructure and real estate are set to introduce their initial public offerings (IPO) worth Rs 2,000 crore in September.
These companies are BharatMatrimony.com, Bharat Road Network Ltd (BRNL), Dixon Technologies (India) Ltd and Capacit’e Infraprojects Ltd.
Five state-owned and two private life and general insurance firm have already announced their motive to enter the IPO market this year.
September IPOs
BharatMatrimony.com:
The company filed for draft red herring prospectus (DRHP) with the Securities Exchange and Board of India (Sebi) in the month of May 2017, plans to raise about Rs 500 crore from its initial offering.
The offer for sale shares comprises of 14.6 lakh shares of Bessemer India Capital Holdings, 1.55 lakh equity shares of Mayfield and 16.83 lakh equity shares of CMDB II, apart from 3.84 lakh shares of Murugavel Janakiraman, the promoter of the company and 82,834 shares by Indrani Jankiraman.
By end of FY17, the company has reported total revenue of Rs 292.93 crore, higher in comparison with Rs 255.43 crore in the corresponding period of the previous year. While its net profit stood at Rs 43.7 crore versus loss of Rs 75 crore in FY16.
BRNL:
BRNL is expected to open its IPO on September 06, 2017 and will be available for subscription till September 08, 2017.
The promoters of the company are - Srei Infrastructure Finance Limited ("SREI") and Make in India Fund.
The company plans to sell about 29,300,000 equity shares at a face value of Rs 10 each aggregating up to Rs 700 crore.
In FY17, BRNL had total assets worth Rs 1,232.39 crore versus Rs 836.6 crore in FY16. Total revenue of the company was at Rs 14.93 crore as against Rs 4.25 crore in FY16.
Dixon Technologies:
This company has received market regulator Sebi''s approval to raise between Rs 600 – Rs 650 crore from its issue last month.
It''s public issue comprises fresh issue of shares worth Rs 60 crore and an offer for sale of up to 3,753,739 equity scrips by the existing shareholders.
Companies like IDFC Bank, IIFL Holdings, Motilal Oswal Investment Advisors and Yes Securities are acting as the book running lead managers to the issue.
Capacit’e Infraprojects:
This real estate service provider filed for DRHP with Sebi in the month of April 2017, and in June received the necessary approval for launching an IPO. Equity shares will have face value of Rs 10 each.
BLRM for this issue are companies like Axis Capital, IIFL Holdings and Vivro Financial Services. The company had an order book of over Rs. 4,000 crore as on January 31, 2017, comprising 51 ongoing projects.
Company whose IPO size is less than 250 crore, SEBI put them in T group as per rule. T group company has 5 % circuit filter. So from Open/listing price of IPO share can move up or down 5 % only compare to B group company of 20 % circuit filter. Recent example is Cochin Shipyard which is closed 20% Upper from Open price on listing day. This T group circuit is removed after 10 listing day by SEBI like salasar which is listed on T group but it is shifted to B group after 10 sessions as below. http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20170725-12
So this share will also be shift to B group in future.
Circuit Filter is on Day''s high or Low after the listing but listing price does not have any circuit issue, checkout the listing of Salasar (Listed @140% Premium) it was also listed in T Group. Listing could be anything & surely it will be listed @15-20% premium if not within 4-5 trading session it will be 20% high from listing.
For long term you can buy anything and be profitable since there is no timeframe or exit mentioned. All you have to do is sell higher than bought price. Being as vague as possible is best thing to do when giving advice in indian stock markets cause you can flip flop any direction you want.
we do not need your valuable feedback.we will see the who is wrong.but dont give this type of call.as mention in starting whose is applied the ipo they only give his view. vese to jiske pas maal na ho vo 780/- vale share ka 600/- rupee ka target bhi de sakata hai par jiske pas hota hai vo hamesa upper jaye esa hi sochta hai.. you did not apply ipo then why you come for the given advice to other.you should invest and got much money then you can''t here.you think what I am like to tell you, bro.
Agar mai Apne Bank Account se Zerodha Ke demat account ko agar link Kar du Aur Ipo Ke liye apply karu To kya Ye work karega ?? Ya Ipo Ko apply karne ke liye fulltime service broker lena padta hai Pls kisi ko koi jankaari ho to mera doubt clear kare sir pls help me
Mera bhi yehi problem hai Mera Zerodha demet account ICICI bank account se link kiya hai. Icici bank account mai option hai to buy IPO for other company demet account. I try to buy, It is not working. any body knows help us
@ rajni gandhi : option removed by icici bank from last 10 days . said there was technical issues . not sure whether link will be Up for next IPO. if you depend only on icici bank then you need to apply through your broker or nearest bidding centre . i spoken with senior person in icici bank . at this moment they are helpless .
Hi jaikesh,linking of your Demat account is not mandatory for applying IPO. you can apply form your bank or even from your friend Bank Account...only one thing matters your PAN number and DP Acc ID
i applied online one lot on 24-08-17 from HDFC NET Banking on account No. IN301143-11502904, after applied amount of Rs.14000/- is blocked, but today it is free. So what can i do. Can anyone suggest?????
hi i m new to stock market....can anyone pls tell me.....if i apply for ipo offline and didnt maintain sufficient bal and application got rejected....than can the bank or broker charge any penalty or any action can be taken
Maintain balance however give stop payment. In case of stop payment charges on NIL or 20-25 Rs. In case of bounce of cheque due to insufficient balance, charge are hefty may be 250-300 range.
Even if you apply offline or online, there should be fund in your account otherwise your app will be rejected automatically If you applied offline your application will be accepted and will be rejected by the concerned bank
Zerodha is best. Lekin jab aap fund transfer karoge to small amount like Rs. 10 deduct karta hain. Aur kehte hain ki only selling (trading ke time) ka charge lagta hain lekin selling ke waqt buy+sell ka amount jodke charge lagata hain. Lekin accha portal hain aur sasta bhi hain. Go for it.