86% with promotors 50% blocked with QIB so only 7% are there for trading means only 1.2 crore shares so whoever got allotment can wait for some time instead of selling on preopen I am feeling upper circuit tomorrow with strong volume
First time applied with UPI..out of 10 applications 7 applications got revoked..all the application is with HDFC Bank..3 is still pending..is it normal that some got revoked instantly and some pending?? When can I expect other 3 revoked?? Thanks..
304.1. MuStrFc| Link| Bookmark|
October 31, 2023 8:35:42 PM
IPO Guru (3000+ Posts, 2400+ Likes)
@Tejas Pandya I had applied only one through HDFC, and thats revoked. So sir, unless the amount was to be debited, i see no reason why non allotted UPI Mandates still not revoked, when other mandates of same bank are removed. This is not usual and you should contact the registrar / bank at priority.
Oh Man..!! This is seriously tough luck.. May be you could have got better allotment in Retail category.. I just tried my luck with 1 Retail application (that too third party UPI) and got allotment.
I have a quick question regarding the allotment process. I applied for retail 3 lots through 3 different Zerodha accounts, all with the same UPI ID. Unfortunately, I didn't receive any allotment this time. I'm curious if any of you have used a similar approach, that is, submitting multiple applications with the same UPI ID, and if you were successful in receiving an allotment.
Additionally, I'd like to inquire if there have been any changes in the rules that might restrict using the same UPI ID for multiple accounts.
Thanks.
297.1. MuStrFc| Link| Bookmark|
October 31, 2023 1:53:04 PM
IPO Guru (3000+ Posts, 2400+ Likes)
Third party application is no more allowed, though once or twice you might get allotment, but going forward it will be stopped altogether. Better to use demat and bank account of same PAN for valid application.
@pkam In my case I applied 5 retail applications with using same upi but payment done by it's own demat and Bank account holder. I got 4 retail allotment
If market remains neutral to supportive (unlike IRM listing day), expecting listing with around 30 premium. I am not selling anything below 400, anything below 360 is buy zone in my opinion. Though I may not buy below issue price, as already allotted 2 lots. I expect 450+ in a year or less and 550+ in 1-2 yrs period.
Purely my opinion, not a buy recommendation. Do your own research as per risk appetite.
PS: I repeat my advice and request as I have been doing, please don't put sell order in pre-open unless you have urgent need of funds. Your anxiety is understandable, but it only pulls down the equilibrium open price, and hence is counter-productive to your interest.