i) if hni doesn't cross retail number, will the hni be treated as retail (get only 1 lot by lottery regardless of app amount ?)
ii) Can basilic give better overall chance than (cps + ratnaveer) for same number of lots, given gmp is 3 times ?
49.1. lokes| Link| Bookmark|
September 2, 2023 1:31:29 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@common man for first point, no, hni will be hni only and will be allotted as per amount applied and as per subscriptions, only thing is that share transfer will happen and subscription counted will be equal (in fixed price ipo) only. Read comment no. 11 from me here : https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1468&c=630622&ap=0 regarding second point, its mainly depends on subscription and luck , basilic will be subscribed more but ya returns are also more.
48. MVP| Link| Bookmark|
August 31, 2023 3:18:06 PM
IPO Guru (1500+ Posts, 1100+ Likes)
Aaj kal SBI bank wale, non SBI applicants ki kaafi help kar rahe hai allotment me, by creating so many issues for SBI account holders.
I want to apply in HNI category. Should I apply 2 lot or more lots. If we apply for 8-10 lots is single application will we get firm allotment.
46.1. MVP| Link| Bookmark|
August 31, 2023 2:09:12 PM
IPO Guru (1500+ Posts, 1100+ Likes)
To get firm allotment, you need to apply number of lots it is subscribed number of times in HNI category. If it gets subscribed 100x in HNI, you need to apply 100 lots to get firm allotment.
Basilic (as both of the allotments are based on lottery on huge oversubscription and if allotted gains will be much more in Basilic compared to CPS.
45.2. Trueinfo| Link| Bookmark|
August 31, 2023 1:46:03 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Try your luck anywhere. Both are big big lotteries with limited funds. Subscription CPS 150× and Basilic 300×. Whereas GMP % for Basilic is more than 3× of CPS.
@Admin @ Chittorgarh.com It seems most old members left & new members here asking same question that were already asked temporary / separate page being made for those questions I see @newgen consultancy super active 👍
Thanks @Cyclodium bro, I wasn't sure what to do but if high-risk taker like you is suggesting to avoid this, totally skipping as don't have option to sell and apply.
41.2. Cyclodium| Link| Bookmark|
August 31, 2023 12:40:10 PM
Top Contributor (600+ Posts, 100+ Likes)
@PeterEngland this might give good listing gains but operator ka gang participate kar raha if they want they can easily decides its listing very risky
Hi, I got to know by reading the comments sections is that the allocation in sme ipos is linked to the no of lot applied vs the total subscription (lots applied 20; total subscription 20 times so chances of allotment of 1 lot) . Now as a small retail applicant, if I have the funds to apply for a single lot, then does it mean that my chances of getting their ipo is almost nil (applied 1 lot and total subscription 20 times).
Looking at last few months IPOs and subscription levels, I would be happy to accept 5% probability of allotment in a decent IPO. Problem is, it is even lesser in most good IPOs.
However, I think the question you should ask yourself is what are your other alternatives for that 1 lot worth of funds?
39.1. lokes| Link| Bookmark|
August 31, 2023 3:03:31 PM
IPO Guru (4400+ Posts, 5100+ Likes)
No risk here....apply.....surely will give good gains.... good financials here and business growth, good valuations, good LM, small issue comparatively, good gmp and great subscriptions....
The probability of getting allotment is far lower than negative events..... and the probability of negative event is far lower than positive listing ... The highest probability then becomes positive listing with lowest probability of allotment ... Virtually no risk as most will not get allotment
@IPO mining Yes, at present virtually no risk...but instead of allotment with negative listing, no allotment is better... P(+ve listing) ∝ 1/P(-ve events) & P(-ve events) ∝ P(allotment)
Hence, asked experts opinion.
38. PLAZA| Link| Bookmark|
August 30, 2023 6:57:44 PM
IPO Guru (2400+ Posts, 1300+ Likes)
APPLIED 9 APPLICATION OF 9 lot each. Any one can join this.
38.1. MVP| Link| Bookmark|
August 30, 2023 9:06:13 PM
IPO Guru (1500+ Posts, 1100+ Likes)
Will join tomorrow with 3 applications of 9 each.
38.2. Redhu Jind| Link| Bookmark|
August 30, 2023 10:09:10 PM
Top Contributor (400+ Posts, 100+ Likes)
Hello @PLAZA@MVP please suggest, 5 applications with 2 lots each or 2 applications with 5 lots each.
which one will have more chance of allotment..
38.3. MVP| Link| Bookmark|
August 30, 2023 10:44:18 PM
IPO Guru (1500+ Posts, 1100+ Likes)
Mathematically, I think both might have same chances. But i would go for 5 different applications, so I'll have more number of applications in the pool for lottery.
38.4. Redhu Jind| Link| Bookmark|
August 30, 2023 10:57:51 PM
Top Contributor (400+ Posts, 100+ Likes)
In the same IPO comments, @Aagri porya asked whether SME IPO allotment process is Lottery basis or Proportionate, there @Rohitsme replied that its based on Proportionate BASIS.
I request you to please clarify whether its lottery based or proportionate basis ?
38.5. PLAZA| Link| Bookmark|
August 30, 2023 11:17:38 PM
IPO Guru (2400+ Posts, 1300+ Likes)
I think HNI subscription between 200 to 300 so will require at least 25 application and definitely will get such application at the end. Txs MPV
38.6. PLAZA| Link| Bookmark|
August 30, 2023 11:25:51 PM
IPO Guru (2400+ Posts, 1300+ Likes)
Expected subscription
Hni 250+ Retail 200+
38.7. Sharvam| Link| Bookmark|
August 30, 2023 11:29:10 PM
IPO Guru (1300+ Posts, 800+ Likes)
@PLAZA I will make 4 applications tomorrow of 9 lots. Also 1 application of 5 lots.
38.8. MVP| Link| Bookmark|
August 31, 2023 2:23:40 PM
IPO Guru (1500+ Posts, 1100+ Likes)
Hello @PLAZA Bhai, I have a doubt whether IS it possible to apply more than 2 lots as no limit specified for sHNI or bHNI. & if specified can it be possible to apply more than max limit for sHNI or bHNI….??
@PLAZA Congrats !! Though I didn't read your msg then but applied 2 app with 9 lots each as per fund availability. Luckily got allotment....... When listing is expected?
Arjun Rajkot, lokesh, noorul, monster zero, s Singh, kappo, sonal Patel, mamu and other experts please share your views on Apply or avoid C P S Shapers IPO?? Listing gain is possible or not?
yes u can....i always apply from my son's demat acc...but u can only sell after transferring that to Guardians demat acc....there might be 1/2 DP who allows to sell directly from minors acc
Based on today's subscription figures, i think NII might cross 250x tomorrow EOD. Many past 8-15cr IPOs that were ~20X on N-1 day actually closed at 400x. @Lokes, what is your estimate?
I am trying to apply by idfc first bank, but from yesterday all my application mandate are not accepting approval and going in error. i have tried 3 IPO and all going in error from two different name. These IPO application amount is >100000. Any one facing same issue?
32.1. Huzefa| Link| Bookmark|
August 30, 2023 5:53:48 PM
Top Contributor (300+ Posts, 200+ Likes)
I applied for CPS Shapers IPO today from IDFCFirst Bank via ASBA. I was able to apply successfully.
Mai SME ipo me new hu please thode daut hai experts please reply 1) SME ipo me HNI catagory me allotment lottery base hota hai ki prapotionate 2) HNI me allotment mili yo sell kr sakte hai first day ya fir QIB jaisa lock-in period hota hai
You will get zero for all practical purposes. You can check BOA of bondada on cg to know past probability. There will be lottery among all people who applied 2 lots.