It would be quite helpful if you could kindly tell the GMP/Kostak of CPSE ETF coming on 15th.. Can there be any possibility of it opening at a discount?
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March 13, 2017 10:36:03 PM
Top Contributor (500+ Posts, 100+ Likes)
Unlike other banks, PNB is having seperate web site exclusively for ASBA purpose. You can surely submit 5 applications from one account. However, I feel that you can apply as many applications as you want from this portal from one account although I have not tried it in my own case.
I have applied DMART for 7Lots in 7 diff PAN 1 lot for each from axis bank ASBA and SBI ASBAonline on 10/3/17 amount also blocked but i have not received any confirmation by sms or email ANY Body here with same problem. please inform.
I have applied DMART IPO through BOB Online ASBA but on BSE site there are showing two bids for one Application, Event though i have one bid at cut off. so what is reason? is my application got rejected or accepted? How to put complain against BOB
Still amount not blocked, Applied through offline mode banker HDFC. But received sms from NSE. Any issue. Please some one provide link to check in NSE Website.
As per the subscription figures, RII has been subscribed 4.1 X application wise. So there is a probability of 1:4 for every retail application to get 1 lot (be it for a single lot or multiple lot application)
For a newbie like me, kostak was difficult to understand.
The answer in the link /faq/what_is_grey_market/75/ is also not very clear.
It took me sometime to get it into my head. Hope I am right. Please correct if I am wrong. Lets take the example of Avenue Supermart to understand Kostak value.
Cost price of one lot is 50 x 299 = 14950 GMP of each share is approx 260 Profit from each allotted application is 50 x 260 = 13000
The IPO is oversubscribed by approx four times. So chances of getting allotment is 1/4 = 0.25 or 25%.
That means a broker needs minimum of four applications to increase his chances to near 100% to get allotment, that is to make the 13000 rupees profit.
So for him, each application price will be 13000/4 = 3250 - 250 (approx his safety margin) = 3000
Now since the issue is oversubscribed, there is no chance of anyone getting more than one lot per application. So my assumption is, for all applications Kostak price is same irrespective of no. of lots applied in it.
Forum modulator Pl. Note that from yesterday night time show in msg. Is advance ...... As it is also effected from Gmp or UP election result. Happy HOLI. Pl. Correct it because time is most factor in GMP and other msg.
I have applied for both Music and Dmart Ipos via netbanking. Got confirmation message from bank about lein mark and application number. While reading different posts here, people are saying they got some confirmation from BSE. I never got that. Neither for these 2 ipos nor for BSE ipo i applied in past. Can someone pls suggest why is that i didnt got any confirmation from BSE , though i have my application numbers generated