BLS E-Services Limited IPO Message Board (Page 25)

Ipo Application through upi is very cumbersome, not so fluent like asba . I personally have no faith in it. And sometime questions like yours are also very difficult to answer because no body clearly knows about it.

Where is my answer 😭

Since you accepted only one mandate, your application is successful 😊.

​@VIKRANT BALUNI It will go thru as you didn't accept the mandate in first case. It's always good to cancel the bid if some glitches in accepting mandate, understandable here you couldn't because it was HNI. But in the end you have done only one appln bid successfully in second situation.
Do share your actuals once allotment is out.
Thanks!

I think demat does' nt matters

Pan matters. @newgen consultancy  @Basuvr  @MuStrFc  Please confirm

Thanks.

Demat matters for the Shareholder category, since you need to apply from the same demat account where you hold "BLS International" share(s) on the record date (23rd Jan, 2024). Otherwise, your application will be rejected.

Yes, only PAN matters. Demat doesn't matter.
🙏

​@GMxtraP  As was the case in Tata Tech shareholder category, PAN is same across all demat accounts. Having one share in any one demat account is sufficient. So basically, share as on record date is checked on PAN Basis and not on demat basis.

One more reason… Bank submitted SH as retail 🤣

Only pan number matters. Here i meant to say is putting Wong demat number not different demat number .

With all due respect demat also matters if the demat is a joint Ac. There, sequence of holding has to be exactly the same as where we have our parent company share..

Hope this helps..

​@papon what if i applied 14 Lots at 135 and amount blocked 204120 Rs ?
this happened to me in YES ASBA in shareholders category .

@aaru , not possible what you are saying. If it is than it will be rejected. Why bank did not give Rs 7 discount while applying. It may be technical glitch.

​@Aaru Yes I heard many yes bank holders faced this issue.
Application likely not to be rejected I guess but if it's rejected then you can file for compansation because bank did mistake.
You can first mail to yes bank asba or nodal team and then to sebi with application number and all details.
So not to worry you will get your profit at end as per regulations.

​@Seth.  Thank you for your kind suggetions

​@Aaru @papon Indeed it is true that YES Bank did this, already have contacted them regarding the same, hoping for a revert soon

​@MuStrFc  There should be "yes" against
cut-off option ! Currently there is "no" , thats the reason for amount more than 2lac.

​@MuStrFc  yes that's exactly I faced

@Rajesh s.  Cut off not available for 14 Lots application in Yes Bank ASBA and also not in SBI ASBA

read this

​@crsl but it does not mention that amount should be including the discount or without the discount

Clearly mentioned
BID AMOUNT LESS DISCOUNT PAYABLE BY THE BIDDER DOES NOT EXCEED RS. 2,00,000

Ex. for 14 lots
Bid Amount - 14 x 108 * 135 = 2,04,120
Less Discount = 14 x 108 x 7 = 10,584
Amount Payable by the Bidder = 2,04,120 - 10,584 = 1,93,536

​@Hrishikeh  They have offered shares

@128/shares to shareholders. Not @135/share.

Please understand.

No mention of ShareHolder qouta in DHRP
Also, in case of Agilus, it promoter Forties is not selling any share

I have read DHRP PROPERLY,NO SHAREHOLDER QUATA MENTIONED
ANY RELIABLE SOURCE OF YOUR VIEW??

Taking chance

Yes, there is no share holder quota mentioned in DRHP but still no harm to buy 1 Fortis.

For BLS also SH quota was not mentioned in DRHP, but what happened in RHP you all know.

​@Basuvr , for BLS it was clearly mentioned in DRHP as well.

​@GrayIsTheNewBlack  Sir my bad 🙏

Please ignore my statement
"For BLS also SH quota was not mentioned in DRHP"

🙏

​@Basuvr  Yes in case of bls e service nothing mention about share quota and in cyient dlm mention in DRHP but remove from RHP so we should buy 1 Fortis inspite of any outcome currently it trading at around 420 bucks

​@A. Rajput sir open bls e services drhp on chrome or anywhere use the word finder to find the word shareholder and read again

The company cannot bring shareholder quota suddenly in rhp without mentioning in drhp...
There has not been any instance like this before...

There are many instances where sh category was mentioned in drhp but removed in rhp...but not reverse...

Also take Tata technologies as example...there was no SH quota in drhp, but they wanted it in rhp, so they had filed an addendum to drhp and informed before hand that there will be sh quota in rhp!

Thanks and lot @kishenharendra for the insights. Keep sharing them 😊.

​@kishenharendra what about Aeroflex ?

​@kishenharendra As per discussion on Aeroflex IPO page of this forum there was no mention of shareholder quota in DRHP but it was mentioned in RHP

​@Param Patel @investormahesh 
Pls check drhp of aeroflex from sebi website...I can confidently challenge that SH quota was clearly mentioned...
I have just personally also verified once again...it is clearly mentioned in DRHP

https://www.sebi.gov.in/filings/public-issues/apr-2023/aeroflex-industries-limited_69721.html

Click on this link

Read page 1 under "Share Reservation"

​@kishenharendra  My earlier comment was on the basis of discussion on relevant IPO page. Now I have myself seen DRHP dated 31.3.23 of Aeroflex on BSE website. There is mention of shareholder quota on page 1. But on page 291 ie offer structure there are only 3 columns QIB, NII and retail. There should be fourth column shareholder which is missing. I guess it is a mistake on page 291 of DRHP. Thanks

this message is specially for @Ujjwaljain

@dear all,
All these are unnecessary discussions,
we should immediately buy the stock if we want benefit of shareholder quota as @Basuvr  said.While making applications all talk that "I have made 10*44 lot, 12*36 lot" and so on, but to buy a single share of ₹429, each one is thinking 100 times.
And after RHP filled, if with SH quota,
"Oh, nobody told me."
"I forgot to buy."
and blah blah blah.....
Fortis healthcare ही है, कोई MRF तो नहीं.
Just buy a share, it will cost ₹429 + 30/40 brokerage for each account. (Fortis healthcare is not going to be zero in near future)

chance of shareholder quota in Agilus Diagnostics IPO is quite less as it is no there in DRHP. If this has happened ( not in DRHP but in RHP) in past, may please provide such info.

Go by logic. there is almost NIL chance that share holder quota is not there in DRHP and pops up in RHP.

Try DHAN , it has 0 AMC and has trade charges same Zerodha (so brokerage is also low).

Go for ICICI Direct

Nuvama wealth

I personally use Dhan and Fyers. Dhan is better in terms of withdrawal. Fyers takes a day extra. Otherwise in terms of experience and cost both are almost similar

In terms of discount broker, Angel One is a very good option. Everything seems fluid.
They might pester you with calls and offers but can be ignored via their in-app settings.

Upstox, Groww has missing features, Zerodha very often nowadays experiences downturn, same is case with Motilal.

ICICI Direct for Full fledged broker is a very good option with their neo plan that helps reduce brokerage.

AMC is just one aspect, if we get inclined towards zero amc, rest assured the broker will miss out on something here and there.

No one broker will be ever perfect, just that one would look better compared to other

ICICIDIRECT 3 in 1

Pros -
* Stock tips are provided to customers free of cost.
* Can place multiple orders in one go through Basket Order.
* Can buy stocks in MTF (buy stocks in delivery with margin and pay balance within 365 days, interest will be charged on outstanding amt)
* You can get savings interest on unutilized amount of demat (except in Neo plan)
* No charges for placing OFS/Buyback order (zerodha charges ₹20+GST for placing OFS/buyback order)
* Orders can be placed before market open i.e. order can be placed even at 7.00am, no need to wait till 9.00am
* IPO timings for Mainline IPO till 4.30pm (For Max IPOs, for SMEs it is 3.00pm)
* Can create Margin for trading on your stock holdings
* Can take loan by pledging holding stocks
* Can directly call Customer care support in working hours.

Cons -
* High brokerage (brokerage can be reduced by once prepaid lifetime premium plan)
* Takes time in placing F&O order instantly after market opening
(eg. order placed immediate after market open at 9.15am, max times it will 1 to 2 minutes for placing order, after 9.17-9.18 order placed instantly)
* Some times order placed in Pre-open session i.e. 9.00 to 9.07, it shows Requested in order status till market opens at 9.15am and order placed after market opens)
* Once order executed in Delivery mode can not be converted to intraday

Valid, donot worry

Valid, donot worry

Your wife.

Your wife.

Tax liability remains with you due to clubbing of income provision.

@IPOFreak...is this provision mandatory or in rare cases.....
how can I minimize tax then

​@PiyushGupta Mandatory. Better to gift to major kids, parents (or minor kids and sell when they become major) :-)

​@PiyushGupta tax liability will be with you on the profit earned by selling stocks even from your wife's account. However, if your wife sells these stocks and reinvests them in her account; then in future the tax liability will rest with her.

​@PiyushGupta Go bindass, transfer shares to accounts of family members. Your tax burden will get reduced

So if father gifts share to son then tax liability on son account right?

Let's say reliance bought at 2000 by father im his demat and currently there is 800 rs gain at CMP of reliance ,

Now father gift to son so 800 rs gain would be in son account and not on father.

And this way capital gain tax on father will ne reduced by transferring to son

Is it correct or any changes?

इस बात पर जादा मत लाखो, कही मोदीजी ना पढ ले

Btw… LTCG or STCG tax has to be paid no matter whether the person comes under taxable bracket or not. So if you are gifting to save tax then no use. But if your motive is something else then carry on…

​@Seth. But the son will have to bear taxes on Rs 800 gain, if and when sold.

@Saney But STCG can be reduced if basic exemption limit is not exhausted, whereas for LTCG 1 lakh exemption is already there

Just last question, is it better to select "transfer to family member" or "gifting" as a reason asked in DIS booklet for minimising liability

​@MuStrFc Yes ok

The tax liability is on you only even if you gift the share to your wife and sell from her account. T reduce on the tax liability, you can gift to your children (If they are Major) or gift to your Parents and then sell from their account. This is helpful if they dont have any tax liability on on lower tax slab.

​@PiyushGupta Gift is good option

Yes cancel application in zerodha reapply with selecting 14 lot

I think it's not possible as your 14 is considered as a shni category...

As you have already accepted mandate so fund is blocked and you need to wait for fund to unblock for the next mandate.

In Share Holder Category allow to apply 13 lot only.

You can also modify it online

Considering subscription, 13 or 14 will not make much difference. So suggest you to keep your 13 lot application as it is.

If you change it to 14 and supose you didn't recd mandate before 5 pm then it will be a problem .

​@dtrader Do not take any action. There is not going to be any difference between 14 & 13 lots as such during allotment

Thank you everyone for responding 🙏

​@Basuvr Sir and @Chhote Lal Sir.. yes sir. Kept my application as it is.. it's too late now.. should have done yesterday itself. But, It's OK sir. Hope to get atleast 1 lot 🙏

Sir
Who is Newgen ?

Where to find this kind of shareholders quota information earlier ? Because this time the news came on record date so i was unable to buy.

Newgen means Newgen consultancy. Really he has given new vision to see stock market. Unfortunately, he is not so active now-a-days..

​@newgen consultancy Thanks from my side as well for giving headsup 🙂. Was able to apply in SH category from 2 accounts.
You are a gem.
🙏

​@newgen consultancy Thanks. Because of information given by you on this forum I bought one share of BLS and applied in this IPO under shareholder category

True gem Newgen Cunsultancy aka Mr Tanmay. I also bought 1 share of BLS just in time.
Posting first time in this forum, silently observing this forum for last two months. This forum really needs active guidelines of him.(Not neglecting other senior members but he is true gem)

​@UjwalG  Sharing is caring. Thanks for your kind words 🙏

​@UjwalG Thanks for recognizing and so kind of you for this words 🙏 else have seen few others who even don't respond or like when we answer their questions.

Hope you get allotments in good IPO'S 🙏

​@UjwalG Sir, humko bhul gaye ?? 😂😂

Just kidding though, keep it up @Chhote Lal and other senior members.

​@Paymzia @Basuvr @Chhote Lal @MuStrFc  Extremely thankful for ur support 🙏🏾