With increasing subscription. it will go up only. Yesterday surprised to see a tweet from Well Known IPO expert of the market, He was surprised with 15 times subscription on first day and GMP 50% up of fundamentally not sound company.
Thank you Sir. I also applied around same time. However Lien is not created. SBI system shows message saying Application number will shown post lien is created tomorrow.
Is it possible to make 3rd party application in onlinesbi.com on behalf of a minor, even if minor is not joint holder in account, whose netbanking ID is used to submit application?
thanks Ganeshji. I had received allottment for yes bank ipo in prostock demat, applied via sbi net banking. but since then, no allottments. has anything changed lately in norms to allow 3rd party applications ?
Why sebi approve loss making company to list. We indians are nor intellegent investor only roll with news . This clear show company will remain negative upcoming next 5 years. If company is good why permoter ofs self holding.
"Loss-making company" is the very reason why SEBI only allows 10% for retail investors. QIBs are better equipped to understand an analyze this sort of business, which is why they have 75% participation in these kind of issues.
The promoter is partially owned by a private equity. It is their business model to invest, grow a company and then exit. Nothing unusual there. The international Burger King parent is supporting this entity till 2039.
We Indians can be intelligent investors if we read the Offer Documents and analyze a Company properly :)
184.2. Paymzia| Link| Bookmark|
December 3, 2020 9:58:46 AM
IPO Guru (2400+ Posts, 4500+ Likes)
If you think like that many companies came with loss making indian companies too, look at future growth of the company. This company established just 6 years back in india 2014 november
Business like this have long investment cycle. They have to pump in money to establish a large chain of outlets. They will make profits in long term. Currently they are not building profits but surely building VALUE.
what is the probability of getting allotment in case of 10 application of 1 lot and 5 application of 2 lot. Whether basis of allotment will be on no of application or no of shares applied.
In any IPO where retail subscription is more than 1 time, allotment is through lottery and 1 lot is only allotted to successfull allottees. So there is no need to apply for more than 1 lot in this IPO. Apply for 250 shares @cutoff in your and your family Demat account. For each PAN only one application. More than 1 application for one PAN even if with different Demat account will be summarily rejected. Apply with as many family members and relatives you have for increasing chances of successful allotment.
i have applied in this IPO yesterday through Motilal oswal however i have not received UPI mandate till date. Request to all of you for guidance please.
Thanks but thats exactly my question. The UPI does not belong to me. I have a IOB account for which UPI link does not show in angel B. Hence I wanted to use UPI of my friend.
You open a new upi in phone pe, your new upi address will be mobile_no@ybl irrespective of your bank . Then you apply for upi and accept the mandate in Phone pe.
Please note, the bank account pan number should be the same as demat account pan number. Third party upi applications will be rejected
For application with UPI, the bank account linked with UPI shall be of same person with same PAN number as in IPO application. No third party UPI is allowed in IPO. Open Google pay/phone pay or any other payment gateway account in your name and use that UPI.
178.6. BubbleBoy| Link| Bookmark|
December 3, 2020 8:07:49 AM
Top Contributor (400+ Posts, 100+ Likes)
@nandkishor Safest bet is to install Bhim upi. I had observed last year that few banks aren't yet supported for Autopay feature on Phonepe App and thus unable to create ipo mandate there. I tried with PNB account.. But same was available on Bhim upi. Install Bhim Upi. :)
Seeking your expert view on Karvy stock broker!!! I still need to transfer some of my holding from Karvy to other Dmat account. Meanwhile, received mail from CSDL that 11th Nov would be last transaction with Karvy...
Since I am out of station and won't able to deposit POA slip to my Karvy branch...
Can I get new POA slip from my nearby branch and tranfer my holding share from Karvy to another DP...
Extremely sorry to post this irrelevant topic and could break the Ongoing IPO...
STILL I request the through some light over it....
Another option is to use CDSL easiest app if both your demat account with CDSL. Your PAN and other things will be matched and you can transfer your holding to another account.
Friends, please advice me. I have AXIS bank account on my name as single holder through which i apply IPO from ASBA in internet banking. i have added now all my 4 more family & friends member in AXIS bank ASBA. Now can i apply burger king ipo for them too from my internet banking of AXIS bank ???? Please give genuine reply.