Why is Upstox not considering discount in shareholding category? Is third party platform "https://ipo.bonanzaonline.com" valid? for shareholders Yesbank ASBA is not allowing shareholder application post retail application...very confused pls help @Paymzia@Chhote Lal@MuStrFc@Basuvr
@Nasibvala Yes checked in upstox, it does not accept 14 lots saying value more than Rs 2L. Suggest, apply for 13lots if you are applying for maximum lots. In lottery, should not make much difference. All the Best 👍
Hi Experts, my friend has no internet banking when he applying from zerodha it's not allowing 14 lots when selecting cutoff. Should we enter price 135 manually? Pls reply
My suggestion if you are applying shareholder category then do not take risk by applying 14 lots and go with 13 lots. Nothing much change in 13 to 14 lot.
I have one query: Is there any possibility that 14 lots share holder category at cut off price can be rejected in allotment process even though bank has accepted the bid with discount price?
Under SH quota, 14 lots at cutoff with applicable discounts amount to figure which is less than Rs 2L and fully complies to norms. There is no reason that applications with 14 lots will be rejected.
Others mentioned in subscription column is what ? is it belong to shareholder. please confirm
344.1. Paymzia| Link| Bookmark|
February 1, 2024 11:47:36 AM
IPO Guru (2700+ Posts, 4700+ Likes)
Yes
343. MKS IND IPO| Link| Bookmark|
February 1, 2024 10:53:50 AM
Top Contributor (300+ Posts, 100+ Likes)
URGENT ADVICE IS NEEDED
By mistake I have applied for Retail Max. (13 Lots) insteed of SHNI Min (14 Lots) on ICICI direct and Axis Bank. Can these applications be cancelled and amount will be refunded immediately to apply for SHI Min.
yes, you can cancel. but, the refund will depend on the bank i have icici and the refunds are generally instant
343.4. MKS IND IPO| Link| Bookmark|
February 1, 2024 11:45:02 AM
Top Contributor (300+ Posts, 100+ Likes)
Thanks a lot for the quick response @PiyushGupta@Basuvr@Vibhor Saxena 🙏 Both Retail Max. applications cancelled, amount received back immediately and then as desired, I have applied for SHNI Min.
Respected senior, Final call on SH category... Whether to apply 13 lots or 14 lots..? Waiting for your kind advice 🙏 Thanks in advance..
341.1. antarix| Link| Bookmark|
February 1, 2024 11:15:23 AM
IPO Guru (1200+ Posts, 800+ Likes)
My bank PNB is not allowing 14 lots in SH category so I applied with 13 lots. If your bank is allowing 14 lots in SH category, go for it, otherwise it is 13 lots.
340. MKS IND IPO| Link| Bookmark|
February 1, 2024 11:11:25 AM
Top Contributor (300+ Posts, 100+ Likes)
URGENT ADVICE IS NEEDED
By mistake I have applied for Retail Max. (13 Lots) insteed of SHNI Min (14 Lots) on ICICI direct and Axis Bank. Can these applications be cancelled and amount will be refunded immediately to apply for SHNI Min.