I''ve applied for (13 lots)650 shares and 299 price from SBI acc, Experts please let me know if i get this IPO or not. And tell me bidding tricks to get the IPOS
No one can guarantee whether you will get shares or not. This is lottery process.
Secondly, the only trick was to put multiple application through your family/ friend''s dmat account no of 1 lot each. THERE IS NO USE OF APPLYING 13 LOT (intentionally written in all Caps). If you are damn lucky, you will get just one lot.
Lastly, educate yourself regarding the basic from internet, it comes handy :)
Even if its a lottery, why preference is not given to those who have applied for 13 lots than those who have applied for 1 lot. Since there is no differentiation between one person using 13 demat applications vs 1 using one demat with 13 lots, people are using the process of applying with many demats.
Ratio of allotment also counts, so sometime you have slightly higher chances of allotment comparing to lower bid appli. So keep continue applying bigger bid.
@ Praveen Nayak....This is SEBI''s philiosphy to distribute shares to maximum no of hands rather than concentrating that to a few hands..Three years back, preference was given on lot basis...higher the no. of lots you quote, maximum your chances of getting IPOs...that way small investor never get IPOs...So this practice was adopted
Agree with the idea the max number of people shud get shares. I do not have issue if there are N applicants and all get same lots. But if there are more than N and only few would be selected randomly for 1 lot allotment, why no preference is given to all those who applied for more lots? Why not give 1 lot to all those who have applied for more than 1 lots first and then have lottery for those who have applied for 1 lot. Here too same number of applicants would finally be given shares but preference is given for those who have applied for more and has taken more risk and locked more money for the period.
Mene kal morning me 8 dmart ki application submit ki per mujhe abhi tak koi confirmation msg nhi Mila aur Na hi bse ki site per koi status hai plz advice
Eagle eye ji,,,,RII is 5.765 But application wise is 3.213 How it''s so difference?
In past issues is only little difference.
819.2. Venkatram| Link| Bookmark|
March 10, 2017 12:17:05 PM
Top Contributor (300+ Posts, 100+ Likes)
Hi Audit View. The difference is simple if every one in retail applies for just 1 lot then RII subscription and application count will be same but since many apply more than 1 lot so RII subscription is much more than number of applications.
Hope this clarifies your doubt.
818. Eagleye| Link| Bookmark|
March 10, 2017 11:51:34 AM
IPO Guru (6600+ Posts, 21900+ Likes)
DMart IPO
Day 3 at 12:45PM
The following data is assuming the shares will be issued at @299/- (upper price band)
QIB*: 35.385X (*Excluding Anchor) NII: 69.187X RII: 5.645X Total: 27.758X
Applications: 13,78,000 Approx No. of Applic-wise: 3.147X