At 4.55 Retail 984199 forms received. At the end 11.2 lakh application will submit by retailors by application wise.(Total 10,43,704 Forms allotment for retailers)
Dear Carn Mohan, Retail applied 10,81,506 forms. (Their quota is 10,43,703) So firm allotment to all retailers. Not full allotment. That means minimum 40 shares to all allottees. Except 10 to 20k after technical rejections.
It appears that retail investors were fooled by making antipublicity of the Bandhan Bank IPO as overpriced in order to refrain retail investors away from the IPO by NII & QIB investors.
Look at the over subscribtion 38 times by QIB & 13.89 times by NII.
I think there will be more listing gain than the current grey mkt premium.
@Roy @montu Agreed But in rii many applications are being rejected bcos of lower band or other technical issues So 100℅ allotment is on the card For GMP prospective Depending on the market I don''t think beyond 20rs
No need to sell in grey market. This ipo will be a multibagger on listing day. Great profit for investors. Why to spoil chances by getting into GMP at this point.
382. R R Patel| Link| Bookmark|
March 19, 2018 9:57:31 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Total Rs.45.8K crores including 18.5K crores by FII applied excluding anchor portion in Bandhan Bank IPO. Retail applications received 10.8 lakh so app. wise 1.04X and 30-40K applications may rejected due to tech. reasons so every retail investor will surely get one lot. Hope for good listing.
Haha, mashing 2 hindi songs makes it their tagline? Guess not...
Bandhan Bank probably takes it''s name from "Maanav Bandhan" or human chain, for a cause, movement, common goal. As it is/was a micro-finance org. mainly working in under-served, under-educated, poor inaccessible areas and also as NGO, the human chain evolves through it''s name...
RII application wise sub crossed 1X. So, bigger applications dont gain anything yet again.
377.1. lokes| Link| Bookmark|
March 19, 2018 8:15:24 PM
IPO Guru (4400+ Posts, 5100+ Likes)
many applications will be rejected also.....and many below 375 will not be considered....so definitely people get more who applied for more lots....may not exactly the same....
Vendetta has given the perfect source ....BSE and NSE''s sites too have the data in a rather crude form.But then who would do the painful and tedious math (addition) it takes to reach the final figures...
whether accepted or rejected, now since you have applied you are in same boat as everyone else. Your funds will get released/debited on the day of allotment.