361. Bullish| Link| Bookmark|
April 28, 2022 9:22:42 AM
IPO Mentor (700+ Posts, 500+ Likes)
From this time hoping not seeing messages like 3 out 30 like that really good move by SEBI only genuine investors will subscribe not operators or manipulator
Yes.. great decision by SEBI.. these operators were crowding out and just resulting in high subscription numbers.. now everyone should get a fair chance of allotment.
HNI is only around 15x at 2:15PM, expect it to go up to 25x max. Since every HNI will get 14 lot minimum so this translates to if subscription is 14x then every one applying will get 14lots! Based on this observation seems sHNI too have fairly good chance of allotment! bHNI will have hefty allotment. Any comments from experts?
If we forget bHNI and assume everyone applied just 14 lots in HNI! What is expected ratio? IS not it like every one out of two applicants getting 14 lots? Or i am missing something her?
I know in reality SHNI and BHNI has different quota so they will have different ration. @Harsh Stock Expert: You are welcome to correct my wrong calculation.
If we forget bHNI and assume everyone applied just 14 lots in HNI! What is expected ratio? Then data like this way... Available lot for Small NII : 3344. 3125290 ÷14 =223235 lots applied against 3344. Subs : 223235÷3344 = 66.75x
Case 2 . If Consider only Big NII Then 3125290÷68 = 45960 lots against 6688. Subs : 45960÷6688 =6.87x
But Real would different like . 35x in Small 3x in Big
@hostpacker Thanks for presenting your calculation which makes sense except that I would combine the SHNI application and BHNI applications(10k+) to get a general view and ratio instead of two views by ignoring one class of applications altogether.
You are absolutely right @Navin ji. If number of applications are less than 6688, then it doesn’t matter how much B.HNI is oversubscribed. Every single application will get 14 lots first and then remaining shares on the proportionate basis.
360.12. snipperRaj| Link| Bookmark|
April 28, 2022 10:21:21 PM
Top Contributor (300+ Posts, 200+ Likes)
@naveen, in BHNI, only 14 lots and not 68 lots will be allotted if applications received are more than equal to 6688. I am estimating BHNI application wise subscription to be in the range of 2x -4.5x. it means there are around 13.5k(6688x2) to 30k(4.5x6688) application received against 6688 applications offered. So 1 out of 2 applications or 1 out of 4.5 applications will receive 14 lots allotment in BHNI. In very very best case, it might also be possible that 1 out of 1 also if there are many BHNIs applying more than 10l , let say 50l/1cr fund size application as many will still be following old HNI rules...
No, now you can not modify/delete bid after the cut of time as the issue is closed.
359.3. dpcdsl| Link| Bookmark|
April 28, 2022 9:55:21 PM
Top Contributor (400+ Posts, 200+ Likes)
You may try on Post Issue Modification on April 29th, 2022 from 10.00 am to 11.00 am Go to Link https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=2632&type=IPO&idtype=1&status=L&IPONo=5737&startdt=26/04/2022
Never Approach A Bull From The Front, A Horse From Behind, An Idiot From Any Direction !!
354. K.Atar| Link| Bookmark|
April 28, 2022 9:08:53 PM
IPO Guru (1000+ Posts, 700+ Likes)
Its a general message to all those of us who apply by UPI, guys - for a hugely popular ipo, in last day there will be too much transaction load on upi, so its better to see response 1st day and apply by upi 2nd day, you may choose to accept upi mandate 3rd day, so to be sure on your bet. Guys please do this and avoid last minute rush, mental agony and repent later for a missed chance. Good Luck to us all. May God be with us.
352.1. lokes| Link| Bookmark|
April 28, 2022 11:45:18 AM
IPO Guru (4400+ Posts, 5100+ Likes)
will it be helpful now ? ;) :) Since as i informed in my multiple posts, that it is very tough now to guess for application wise subscription in both categories and that is main important here in new rules, so actual subscription won't be much helpful. Leave application wise subscription data in both categories, we are not even having actual subscription in individual hni category, only combined HNI category actual subscription data we have :) we can just discuss how to divide money in this thread :P
@Lokes and other experts... At what HNI subscription figure, hypothetically, we can assume that only 14 lots will be allotted and not more. Is it 68x ?
I have already applied 2 big HNI applications. I have one more account with 10L+ funds. I am confused whether I should apply 3rd Big HNI application or not. Should I go for it? I can take a maximum loss of 5%.
@Lokes... my money is already divided for campus.. I am going for 2 small HNI applications (14 lots) and 2 Big HNI applications (68 Lots) New rules have simplified the calculation part as we have only limited options.
I am curious to know feel safe HNIx figure for allotment of not more than 14 lots in big HNI category...
@lokes, @ Avenue and other friends, I am not waiting for 02:30 pm any more. I have already applied 68 lots in 2 HNI accounts. no need to see if this 50 X or 100 X....will wait for allotment day
Actually it has become simpler now. Earlier we used to "hack" the NII category. Wait till 2:30PM to see total NII subscription figures and then make correct bid for almost sureshot allocation. Those who used to make bids of around 2-5 lakhs never got allotments for really good IPOs but Retail always had a chance. Now they have given a chance to everyone. No need to wait till last moment. Just see if there is enough interest from QIBs and NIIs and just go for it.
Been doing HNI for many years and it has been a great ride. However, there is now lesser chance of allotment in HNI, compared to retail. Basically, it has become useless now. All the effort is pointless. It is better to invest in some IPO fund now.
These rules also ultimately hurt individual investors, while QIBs make merry thanks to firm allotment. Very poor from SEBI to have tinkered with HNI allotment rules, it hasn't helped anybody. Even if once in a while you get 2L allotment, the effort will not be worth it, given the number of times you will have to try it out.
352.10. Jsca| Link| Bookmark|
April 28, 2022 12:11:32 PM
Top Contributor (400+ Posts, 100+ Likes)
Applied 2 Big HNI,3 Small HNI,4 Retail application
I still feel HNI Thread is useful as it provides relevant information at one place and we don't have to poke all threads to get answers.
But as I have not been seeing this thread since last few IPOs, I will not open it myself in coming IPOs and wait for other members to open...
352.15. lokes| Link| Bookmark|
April 28, 2022 12:22:28 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@avenue: As i gave example in my below post in comment no. 21 , so if assuming everyone (6688 people) applying 68 lots then even 5X is enough to over subscribe big hni category application wise but its tough to know if how many different investors will be applying here and with how much amount still i feel overall if subscriptions are above 40-50X for total HNI then we can assume that big HNI is oversubscribed application wise. Most wise people will not put much money even in big category now so actual subscriptions also will not go much. https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1249&c=505869&ap=0
@MRavi sir @siddhant: rightly said.... @akhil ipo and others: there are still some chances of big hni category being under subscribed application wise and more than 2 lakh allotment may come, so please invest as per risk capacity....because 6688 is big number considering everyone applying for more than 10 lakh amount....
@Avenue @Lokes - HNI thread on last day makes a lot of sense. You get an idea who has applied, who is on sidelines and who will not apply going through a single thread.
@MRavi - copied you and also applied 68 lots in couple accounts. Also thanks to you i did not miss Ruchi Soya ride.
352.17. 🔥 MOG 🔥| Link| Bookmark|
April 28, 2022 12:42:21 PM
Top Contributor (400+ Posts, 200+ Likes)
Lets see the allotment in a few ipos before coming to a conclusion about the new HNI rules. If this ends up being like retail category the it will surely discourage big investors who aim for firm allotment. Currently, i feel that putting a stop on incessant funding was enough to rationalize the allotment process.
Applied in big HNI and retail. Have an option to apply in small HNI also which i'm considering to just test my luck and out of curiosity. BOA will be interesting when it comes out.
1. In Retail Category Max allotment will be 51 Shares either someone applies 51 or 663 Share! 2. In HNI Max Allotment expected is 714 Shares either if someone applies for 714 Shares or 3,468 Shares is it true that there is No Logic in applying > 3,468 Shares in HNI?
Unless we have definite split application data, nothing can be relied upon. The last footwear brand that came up with its IPO was Metro Brand. There only 672 applications came for entire HNI although HNI was subs only 2.6x. And people who applied for 91 lots ended up getting >40 lots confirmed allotment. Campus seems heading for 20-30x HNI. i.e 10 times metro application. Taking a wild-wild extrapolation, if thr are 6700 total applicants, max will be in 2-10L category (5000 is my guess). Which means 2-10 L category will most certainly see a lottery and not more than 14 lots will be allotted to successful applicants. That leaves the Large HNI category with 1700 applicants. So everyone in this category will most definitely get 14 lots. This uses up 23800 lots and leaves 69827 lots to be allotted proportionately. Again wildly assuming and extrapolating from Metro Brand data, the highest bidder bid for approx 33000 lots. If this is the case here also then the largest bidder should get 490 times the extra lot than the smallest bidder of this >10L category. This means if 1 extra lot is given to 68 lot bidder then 490 extra lots should be given to the one who bid for 33000 lots. Had there been only 1 applicant in each lot category from 68 to 33000, then ~ 1,20,000 extra lots would be needed to allot min 1 lot to those who applied in 68 lot category. Since only half is available, then chances are you will not get significantly higher than 14 lots if you apply for 68 lots.
Disclaimer: in the absence of definite figures, only wild assumptions have been taken here. This can go horribly away from actual results. Do your own research before making up your decision. Take this just as a wild guesswork.
@ M Ravi @ Lokesh I applied 1big HNI (70 lots) is that ok or I have to apply for exactly 68 lots? pls advice.
352.24. lokes| Link| Bookmark|
April 28, 2022 1:33:08 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@shanm: anything is fine from 68 and 70 lots..... @NITEENIPO: yes in HNI thread, we will be knowing mainly how many are applying and how to divide money etc.....and may be some subscription ideas going forward once we will have more clarity about no. of applications.... And yes ruchi soya performed well as i also informed to hold for longer, i am holding all of them.....made mistake by selling adani wilmar partially initially....
I have the funds in SBI account, when I try to apply for 68 lots, I am getting an error that clear funds not available even though I have more funds in the account ( in fixed deposit and SB which are linked). Can anyone help on what is the issue as the time is till 2 pm only?
352.26. RJ Rocks| Link| Bookmark|
April 28, 2022 1:52:54 PM
Top Contributor (400+ Posts, 200+ Likes)
I have gone full force with campus Finally applied 3 lot small HNI. 8 lot retail application.
@Vibhor, so should I have to keep the funds in SB account only to apply and not in flexi deposit before applying in HNI? I was not aware of this change for HNI, can some share more details or links to study on how to apply in HNI for 10 lakhs and above?
As per my calculation and wild guess.. both hni category are over flooded till now. Expecting small hni category to cross 15x and big hni to cross 2x by EOD. Applied 2 app in BHC.
@Noorul I placed 3 SHNI apps with different lots and 4 Retail Applications. The non bifurcation of small and big has confused me to no end🙄... Didn't wish to apply as big HNI from multiple accounts too. I thought applying small HNI from 5 accounts should be better allotment chance wise as compared to 1 big HNI application. Still let's wait and see the BOA.
@lokes Keep up the fantastic analytical work.👍 I'm not able to hop onto the forum as much nowadays but your posts are always super informative.
Best of luck to all applicants except @MRavi ( you always get confirmed allotment 😉)
Apply 22 application for 14 lots each and 1 application for 68 lot
352.33. sdz| Link| Bookmark|
April 28, 2022 3:23:52 PM
IPO Guru (1000+ Posts, 500+ Likes)
I think for big HNIs like @MRavi it is negative due to new IPO structure and introducing lottery system in HNI too. But, still have to see if increase in multiple applications will reduce the that negative factor and also how much affect will reduce in ultra HNIs applications
so its 20x already - which means 1 out of 20 small HNI gets 14 lots? assuming sHNI also 20x subscribed. I have applied 1 retail and 2 14 lot applications
Put 2 sHNI applications. Now praying for two things.. 1) get allotment in one 2) Putin don't play any spoil sport on 9th May. That fellow has destroyed much of our wealth already and due this factor i did not go for bHNI.
experts - How is the HNI oversubscription calculated? 20 times means 20 times of number of applications that were supposed to make full subscription? in that case it will be lottery then 1 applicant out of 20 applicants receives the 14lots? then retail option is better isnt it? as its 1 lot out of 7?
Rightly said. However, for the benefit of all genuine HNI investors, I am happy for this change. I will find a way to bet high on less subscribed issues.
@sdz... As I said many days back... pretty soon we will see messages like " Applied 25 Small HNI application"... :)
It is first time when increasing HNI subscription figures gives neither happy nor sad feeling as I do not know anything about them. Earlier at the end of final day we could know exactly what we are getting or atleast what are our chances. But now even God doesn't know...
Currently HNI 21x subscription I am assuming S-hni subscription will be 14x and B-hni subscription will be 5x ( assuming in S-hni and B-hni people applied exactly 14 and 67 lots)
So in S-hni 1 out of 14 will get 14 lots ( 0 lot for 13 members) And B- hni almost every one will get 14 lots
352.46. sdz| Link| Bookmark|
April 28, 2022 4:24:10 PM
IPO Guru (1000+ Posts, 500+ Likes)
@MRavi.. Thanks. Asusual during every IPO mini cycle starting, i stay away from small IPOs and regret seeing their bumper listing and join late 🤣
I think increasing number of applications in BHNI category is the only solution for you (it’s time to greet, wish, gifting and befriend all your family members, close relatives and friends who are not much interested in stocks 😜) atleast until you do something to get eligibility in QIB 😀
352.47. DEVBULL| Link| Bookmark|
April 28, 2022 4:25:54 PM
Top Contributor (400+ Posts, 100+ Likes)
1) I used to put two HNI applications for around Rs.1 crore each and one Retail Application. Now I have come down to Rs.10.13 lakhs - 68 lots (BNI) and Rs.2.08 lakhs – 14 lots (SNI) and Rs.0.15 lakh – 1 lot (Retail) for this IPO because of changed allotment procedure. I will review this strategy for future IPOs after seeing the analyzed report on BoA by the experts like lokes and others. 2) It is noticed that the HNI multiples have come down drastically though the QIB multiples have gone up astonishingly. This may be due to big HNI investors cutting their IPO application size. 3) This investor forum should take up the matter with SEBI requesting to direct the NSE/BSE to show the live application figures separately for Small HNI and large HNI in their websites. After all, in the present digital world, it is simply possible and, if done, it will be very much useful to us.
352.48. sdz| Link| Bookmark|
April 28, 2022 4:28:59 PM
IPO Guru (1000+ Posts, 500+ Likes)
Applied 1 SHNI and 1 BHNI in both Campus and Rainbow. Not sure if i have to hope for huge 2*2*2lk=8lk worth of allotments next week 🤪
352.49. sdz| Link| Bookmark|
April 28, 2022 4:35:33 PM
IPO Guru (1000+ Posts, 500+ Likes)
@Devbull…very true. Exchanges need to provide both HNI data separately and also provide application wise subscription information as it’ll be more useful here on than just oversubscription
@SDZ, ''at least until you do something to get eligibility in QIB 😀'' 😂😂😂 hahaha, I enjoyed your comedy sense as usual (as some one long time ago said, I would one day announce an SME IPO 😂😂😂)
btw, i apply only through mine and my wife account, being NRI, not possible and not tried applications through my family, relatives (as you said no one knows about share marker as well).
All the best to everyone to get good allotments and super listing.
@ColdBurger - You are correct, no news yet for my BHNI Kotak ASBA application. Usually by this if you do not get allotment message then it is rejected. However i will remain hopeful till i get any news from any HNI applicant.
If someone did 0/15 in sHNI means bHNI subscription was way lower and they will get malamaal. SHNI(retail ) retail hi rahega. @Ravi sir please share your allotment status. I can assume you are ready with truckload of money to buy from secondary if not got hefty in IPO. Shark Tank is coming back they also can make use of your money🤩
Did you get a chance to analyse the allotments in sHNI or bHNI that what minimum lots they allot? (after knowing allotments people got here) Here outstanding questions still remains same. (1) How much sHNI allotment is done irrespective of 1 lac or 10 lac or anything in between lots applied, considering current scenario of Campus where subscriptions of HNI (lets say sHNI is more than 1x)? (2) How much bHNI allotment is done irrespective of 10 lac or anything more lots applied, considering current scenario of Campus where subscriptions of HNI (lets say bHNI is more than 1x)
@MRavi. and all friends... I had applied 2 Big HNI and 2 Small HNI applications. I got 14 Lots allotments against both Big HNI and Nil for both small HNI applications. So 2/2 in Big HNI and 0/2 in small HNI.... :)
For analysis we need category wise breakup, but can be safely said that allotment was as per expected lines of subscription. Small HNI was heavily subscribed and even big HNI was oversubscribed (may be 2x-3x). Let's wait for BoA...
Meanwhile let me enjoy the rare moment of beating MRavi in allotment as I have got 28 Lots. :) :)
352.70. lokes| Link| Bookmark|
May 5, 2022 12:34:25 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@avenue: congrats on getting good allotments here....no update for me till now in my HNI applications in idfc first bank. @Jackpatel: minimum lot allotment in both hni category is same 14 lots as i already informed here in below post long back: https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1249&c=505869&ap=0 And both hni categories were oversubscribed application wise, so via lottery people are being allotted 14 lots in both categories , with more chance in big hni category since that is lesser subscribed in comparison to small hni. Exact number we will come to know once BOA document comes.
@Avenue, I am happy for you beating my lots😜. You & many others will be doing this in the future consistently. (that good old days are finished 😂😂)
Thanks
352.75. sdz| Link| Bookmark|
May 5, 2022 12:47:24 PM
IPO Guru (1000+ Posts, 500+ Likes)
Haha good one Avenue on that rare chance 😀( new rules bad for big HNIs) Congratulations on 28 lots. 1lk+ profit in your pocket now 👏👍
My Yes bank is the worstest in both deducting and releasing IPO funds. Even Linkintime beats Yes bank in giving results 😜 applied in 1shni n 1bhni but no info till now, so think bbye Campus
@Trueinfo.. I meant 2-3x application wise only, and as you rightly said it may be 4-5x too. but not much beyond as I got 2/2 and I know my luck... Surely it was not an easy piece of cake even in big HNI.
@Ravi.. 😜👍
352.77. Trueinfo| Link| Bookmark|
May 5, 2022 1:09:23 PM
IPO Guru (1800+ Posts, 1700+ Likes)
@ sdz, my experience tells me that yes bank generally reacts between 2&3 PM.
From my 3 SHNI applications, got alloted 2 applications. Had applied for 14, 14, 15 lots. Got alloted 14 lots in one of the identical lots and in the the 15 lot application.
Retail 0/4 applications.
So the estimate that multiples SHNI is now better than a BHNI was proven correct at least in my case. Will need to read the BOA analysis by @lokes for the complete picture.
@MOG @MRavi Congrats 🥂
@Avenue Congrats.... Even I'm in shock at beating MRavi in allotment lots. I thought the only way to beat him otherwise was to apply in DEFENSE IPOs 😜
@Noorul @SdZ @lokes : allotment ?
352.80. RJ Rocks| Link| Bookmark|
May 5, 2022 1:59:55 PM
Top Contributor (400+ Posts, 200+ Likes)
My 3 SHNI showing no record found
Why?? Any expert please guide
352.81. sdz| Link| Bookmark|
May 5, 2022 2:09:33 PM
IPO Guru (1000+ Posts, 500+ Likes)
Both my applications showing as ‘No record found’ 😳😱🤷♂️
1/2 RII and 1 BHNI allotted(according to ASBA). For people who are seeing 'no records found'. Do check directly in ASBA portal. For me Linkintime says 'no records found', however ASBA(HDFC) status is allotted. Amount is yet to be debited though.
Good luck to all, and congrats to all allottees!
352.87. Kal.Atar| Link| Bookmark|
May 5, 2022 2:41:46 PM
IPO Guru (1000+ Posts, 700+ Likes)
No luck in 2 Shni and 1 retail application,, now focus is on LIC and Venus
352.88. 🔥 MOG 🔥| Link| Bookmark|
May 5, 2022 2:48:03 PM
Top Contributor (400+ Posts, 200+ Likes)
@sdz HNI applicants are getting this message "no record found" on linkintime website. Only retail applicants are able to view the allotment. Looks like they have not uploaded hni data on their website.
Applied 45 Lots- Did not get Allotment. It was less than 10L, I am confused totally what is SHNI cut off.
352.96. DEVBULL| Link| Bookmark|
May 5, 2022 6:02:37 PM
Top Contributor (400+ Posts, 100+ Likes)
Experimented in all categories with minimum lot size as below and got no allotment. 1. BHNI/68 lots/3468 shares/1 application – No allotment 2. SHNI/14 lots /714 shares/1 application – No allotment 3. Retail/1 lot/51 shares/1 application – No allotment Congratulations for those who have got first allotment in the changed rules.
@Aravinda Since issue was OS and u applied in SHNI with 45 lots , it will be treated as 1 application no matter the amount u have applied. Since SHNI category got overwhelming response chances of allotment was very less. Hope its clear.
352.98. lokes| Link| Bookmark|
May 5, 2022 6:39:27 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Allotted 2/2 BHNI and in 1 retail application.....total 29 lots allotted.... Congrats and all the best to all allottees.
Great allotment @Lokes and @Avenue. I got 1/2 in BHNI and 2 lots in Le Me. Overall happy with the allotment. Hope Market is stable and we can get some decent listing gains.
@M.k. I got 1 in my 2 bhni. But you are on fire these days. I mean seriously 2 out of 3 in Shni. Earlier you also bag kn agri in retail. I think you hve got some secret trick.. please tell me too. I promise I won't reveal this to anybody. 🤭... infact I will post fake msgs of not getting allotment..lolz
No luck in bHNI, any tips tricks to become as lucky as @mravi sir🤣
352.107. DEVBULL| Link| Bookmark|
May 5, 2022 10:46:45 PM
Top Contributor (400+ Posts, 100+ Likes)
@MRavi. You have congratulated me for my no allotment in Campus. But I take it (i.e. your valuable congratulation) for my fairly good allotments in Le Merite (4 lots for two applications of 20 lots each). Thank you and good night.
@Lokes @Noorul and other friends... Congratulations for good allotments. New rules so far so good, have yet to see how big allotments to some and no allotments to most effect listing and post listing share movement. I think a lot more exchange of hands.
I may be wrong but observed that almost all of us who were earlier getting 1,2 or 3 lots are now getting 14, 28 lots and only real HNIs like MRavi are loosing opportunity for bigger allotment. May be too early to analyse.
@Seniors, inviting your views here. Now that the allotment dust seems to have more or less settled, let us try to consolidate the learnings from this first IPO under the new regime of allotment - which will help us all in future IPOs. BoA will throw much more light when released, but forum members' experience and insights are invaluable.
Allotted 42 lots of 1629 lots. Successfully in 3 BHNI. Unsuccessful in 2 SHNI & 5 HNI. Now understood that there was no use applying above 3468 shares. Congrats to all allotted. Good luck for listing!