I have a query and it also an issue. I had applied for 6 Lots of D-Mart IPO and as per ASBA, money should be blocked for all 6 lots from bank account but when I checked my bank account, money is blocked only for 1 lot. Does it mean that they have considered my application for only one lot? Don''t know if it is a mistake from broker or Karvy or bank. Checked with broker but he is saying all details were correct from his end.
No matter if u applied for 1 lot or 6 lots , your application alwys will be consider as 1 lot in allotment process in case of over subscription , so from this u saved interest cost of 5 lots....hahahaha enjoy bank interest....allotment to 1 hi ayega ya aana tha vse b
GMP is earned on the actual number of shares alloted to you. For IPOs like Dmart whose demand is really high chance of allotment is 20%. Hence, you may earn 12000/Lot at GMP of Rs 240/- (ie 240 x 50) but its probablity is just 20%.
Whereas in Kostak, Rs 2400 will be paid to you whether you get the allotment or not. So, your probability of earning Rs 2400 is 100%.
Therefore, the difference.
1150.2. Shareking| Link| Bookmark|
March 16, 2017 11:18:25 AM
IPO Mentor (800+ Posts, 1100+ Likes)
Thanks a lot I appreciate your clarification
1150.3. Lahari| Link| Bookmark|
March 16, 2017 11:18:35 AM
(300+ Posts, 300+ Likes)
GMP is black market. All buying and selling will happen at back ground. You have to contact your local share brokers.