Thanks everyone... so in a nut shell when do we decide with what amt/ lot ( upper cap being 2L in amt for SH category, I believe) to apply in SH category to increase success % of allotment.
There is no data available on break up of subscription figures under SH lots while applying to take a call. All you have is subscription figures of various portion (BHNI, SHNI, Retail etc). If you have option of applying a single SH and funds are limited to Rs 2L only, best option would be to apply 1 retail lot and balance (Max) in SH quota. This way, you have chances to get allotment under SH as well as Retail. All the Best 👍
Proportionate lottery means if there are only 2 lots for 30 applicants and out of these 30 applicants 2 are of 14 lots applicants and 28 are of single lot applicants. In this scenario 4 groups will be made. 14 lots applicant one person will be considered one group and single lot applicant 14 persons will be considered as one group. Firstly lottery will be done among these 4 groups. If one or two of the 14 lot applicant is winner then it will get one lot. But if another two groups of single lot applicants are winner then there will be further lottery among 14 applicants. Then one of those 14 applicants will get one lot.
134.4. Basuvr| Link| Bookmark|
January 28, 2024 6:20:06 PM
IPO Guru (2000+ Posts, 1100+ Likes)
Refer TATATECH BOA of SH category attach below.
For more details refer this thread (read till end)
Dear Member, Pls suggest, what is the allotment system in Shareholder Category. On heavy subscription, allotment shall be on pro-rata basis, or a lottery system Thanks n Regards
132.1. Basuvr| Link| Bookmark|
January 28, 2024 5:22:16 PM
IPO Guru (2000+ Posts, 1100+ Likes)
Proportionate bases
131. Palka| Link| Bookmark|
January 28, 2024 9:29:47 AM
IPO Mentor (1000+ Posts, 200+ Likes)
Email from the company regarding shareholder reservation not yet received… Holding stock for the last so many months…Anyone received?
130.3. IPOFreak| Link| Bookmark|
January 29, 2024 4:11:35 PM
Top Contributor (200+ Posts, 100+ Likes)
@Pbdrajkot Thank You, does rbl provides Mobile Banking, ATM and UPI facility for HUF accounts? Which is the account variant and minimum balance to be maintained? TIA
You can consider ESFB for HUF account, especially if you have substantial funds and applying for IPOs in HNI category. The SB interestis 7% beyond 5Lakhs balance.
SBI Corporate Account Minimum balance : same as savings account Internet Banking available SBI Yono Business app UPI available
130.7. IPOFreak| Link| Bookmark|
January 29, 2024 8:44:46 PM
Top Contributor (200+ Posts, 100+ Likes)
@Aditya Maheshwari Thank You. I too have SBI Corporate banking account for HUF. however, bank does not provide ATM / Debit card to set UPI for IPO. Perhaps it has been stopped couple of years back. Can you pls suggest how are u able to apply in the IPO via UPI?
130.8. sashah| Link| Bookmark|
January 29, 2024 9:28:54 PM
Top Contributor (400+ Posts, 100+ Likes)
I would prefer HDFC over SBI if your purpose is to apply for IPO.. In case of non allotment, money is released by HDFC around 11 am however SBI takes its own time which can be 4 or 5pm. Hence you cannot use the fund for IPO if it is last day. Also on last day, you have time till 3.30 pm in HDFC to apply vs 2 pm in SBI if you are going with ASBA option...
128.3. Seth.| Link| Bookmark|
January 28, 2024 2:39:49 PM
IPO Guru (1200+ Posts, 600+ Likes)
Inox had 90% GMP and it's also appropriate valuation still even down from listing price of 42% gain. Good one down and average one going up even though they are overpriced , It's sad market most of the time be unfair...
128.4. Nifty Singh| Link| Bookmark|
January 28, 2024 4:18:21 PM
Top Contributor (200+ Posts, 100+ Likes)
@Seth. you may be true, however, to earn money we have to respect the trend(market) without bothering the underlying cause. there are hundreds of underpriced stocks available in the market. By entering these stocks or holding them for longer we can satisfy our ego but can't earn money. hard truth, prune your laggards frequently and mercilessly. The counterview is welcome.
128.5. Seth.| Link| Bookmark|
January 28, 2024 4:38:20 PM
IPO Guru (1200+ Posts, 600+ Likes)
@Nifty Singh Agree with you. Market is unfair and we have to accept that harsh truth/fact as it is and follow the trend and value stocks to earn so both of us statment is correct 😃
127. Smile✍️| Link| Bookmark|
January 27, 2024 4:09:35 PM
IPO Guru (1800+ Posts, 1100+ Likes)
Good decision for Small Shareholders: BLS E-SERVICES IPO - Shareholder Limit in the IPO is < 2,00,000.
@Smile✍️ It's ok. But will be highly subscribed. Only 21k allotment in Shareholder quota and 19k allotment in retail.
127.2. Smile✍️| Link| Bookmark|
January 27, 2024 4:56:56 PM
IPO Guru (1800+ Posts, 1100+ Likes)
Yes pure game of luck. Not only this there is high overcrowding in all issues. Allotment in all categories is challenging. Good to try luck with small quantities and focus on secondary market
127.3. A. Rajput| Link| Bookmark|
January 27, 2024 8:11:34 PM
Top Contributor (300+ Posts, 100+ Likes)
@Smile✍️@IPOTraders But eligible shareholders are only 1.2lk till December and available app in sh approx 22k. it mean allotment in sh category in bls is better than tata tech where eligible sh holder were 42lk against 2lk application
127.4. Smile✍️| Link| Bookmark|
January 27, 2024 8:21:43 PM
IPO Guru (1800+ Posts, 1100+ Likes)
Date of eligibility is 23 jan
126. Nifty Singh| Link| Bookmark|
January 27, 2024 5:38:07 PM
Top Contributor (200+ Posts, 100+ Likes)
off-topic: sorry; can anybody guide me on where to get the composite application form (CAF) number? i am not able to apply the Grasim right issue without that. From where to get it? it is not mentioned anywhere in the right entitlement letter, instead a reference number is mentioned. are both the same, pls guide me.
Try what MuStrFc has said and if it still does not work then contact the registrar to the issue or the bank, they will guide you..
All the best..
126.5. Basuvr| Link| Bookmark|
January 27, 2024 7:51:32 PM
IPO Guru (2000+ Posts, 1100+ Likes)
@Nifty Singh Check if you have recd the mail, which is normally sent to all the shareholders as on the record date, informing about their holding, the number of shares to which they are entitled to apply as rights. This mail might contain the CAF details that you need.
Result under expected....monday trading below 1100 likely
124.5. Rakcyt| Link| Bookmark|
January 27, 2024 12:53:25 PM
IPO Guru (1300+ Posts, 1300+ Likes)
If market has expected better results then share must have zoomed up before result it's already factored in . If it goes down , will buy more , if goes up will hold for long term. Fundamentally strong company irrespective of one qtr result .
PS non allottee, bought from market .
124.6. Seth.| Link| Bookmark|
January 27, 2024 3:48:48 PM
IPO Guru (1200+ Posts, 600+ Likes)
Tata annualized PE would be 70 and peer kpit is trading near 80 PE so Tata technologies is cheaper than its peer.
However we should not buy at this level to be safe side and only hold if have for long term vision. Because Business model, brand value, future prospects,margin and all other financials looks in better state.
Expert plz share your view Kya share holder quota me 2 lac application par conferm Allotment milega?
123.1. Basuvr| Link| Bookmark|
January 27, 2024 2:33:17 PM
IPO Guru (2000+ Posts, 1100+ Likes)
No confirm allotment, mostly expected to be oversubscribed. Allotment will be on lottery bases but chances will more for 13/14 lots as compared to 1 lot in SH Quota
Sabhi ko forum me pata tha 90% but they think ...."yar abhi to bahut time hai le lenge kal kal karte karte time nikal gaya and the blaming others "...Aisa shares me bhi hota hai pahle se koi company me invest nahi karta jab wo rocket ban chuka hota hai majority retail tabhi leta hai aur fir fas ke gale me ghanti bandh ke salo rakhta hai usko ......sabse jaroori sahi time par invest karna hai 🙏
Abhi pichle 10 saal se Jo log PSU dekhna nahi pasand karte the unke haal ye hai ki ab khana mile na mile psu mil Jaye bas had to ye hai retailers " ITI. MTNL .MMTC...jaise stocks ko lene ke liye bhag rahe hai jabki lots of good stocks available in market but sabko "garam garam halwa khana hai jeebh Jale to Jale" 🙏🙏🙏
122.3. Seth.| Link| Bookmark|
January 27, 2024 2:54:38 PM
IPO Guru (1200+ Posts, 600+ Likes)
3rd Party UPI is not allowed but can any 1 confirm on this * Can i apply using ASBA. At the time of applying through ASBA, i will enter DP id of relative
120.1. Seth.| Link| Bookmark|
January 27, 2024 1:50:05 AM
IPO Guru (1200+ Posts, 600+ Likes)
No , bank account name and dp name should be of same person only for valid application
118. Seth.| Link| Bookmark|
January 26, 2024 11:55:11 PM
IPO Guru (1200+ Posts, 600+ Likes)
Shareholders quota controversy ends here , In RHP they mentioned "subject to applicable limits" at end and limit mentioned on page 426 as received by LM so 2,00,000 rs is maximum limit for shareholders quota is final verdict.