Third party ASBA is not allowed by SBI and BOI it show "PAN of the applicant does not match PAN recorded in the selected Account in Bank's record. As per Regulatory guidelines, IPO applications can be done from self-account only."
Hello Members. I'm planning to apply in HNI category for the first time. I decided it now only. So can anyone tell me till when I can apply through SBI/HDFC. Thank you.
People are interested more in applying 3rd party. Time and again asking about 3rd party. Go to your respective Bank Branch and enquire. Now HNI small group is also there. If funds are available then apply in that and that is in one's own name. Put some efforts of your own, for other things senior members are there to help and share their comments.
286.4. JIgar A| Link| Bookmark|
April 28, 2022 2:03:54 PM
Top Contributor (400+ Posts, 300+ Likes)
@Mohit, Yes, PNB ASBA is allowed 3rd party account. Apply without fear
As per SEBI guideline which was issued in November 2018 single account will allow single demat account or two application if the account is joint holder and demat accounts are in either of the joint names .
Implementation of the above circular is done from March β22 and third party application is rejected now from Indusind Bank and almost all Banks
So be careful of doing third party application as same will be rejected now onwards
@MR RAVI. @ LOKES. @NOORUL @ LOKES. KINDLY SUGGEST. WHERE TO APPLY FOR MORE CHANCES OF ALLOTMENT. I can only apply 1lot of 15K or only 1lot of 2 L. PLEASE GUIDE SOON AS TODAY IS LAST DAY
285.1. lokes| Link| Bookmark|
April 28, 2022 1:25:19 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@kanwarjit: both might be having similar chances of allotment approx but allotment will be 14 lots in small hni category and 1 lot in retail category so if you are ready to take more allotment, then go for smal hni category only.
I think Retail go maximum 10x and small NII go maximum hoti 29x.but small will get 14 lots and Retailer will get only 1 lot.
285.3. lokes| Link| Bookmark|
April 28, 2022 1:45:51 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Hostpacker: we need to understand the difference of application wise..... small hni will not go beyond 5-7x max application wise....there are 3344 applications available there and i don't think total no. of investors will cross 15-20K in that category, not at all..... So allotment chances will be little better in small hni from retail if retail also subscribe 7-8 times application wise.....
Just now it has crossed 1X(14.57) application wise considering all application for 14 lots. If investors applied for more than 14 lots is considered it is even less application wise. Subscription is not likely to cross 2 times application wise, as per current trend.
@Lokes Till now 2151524 lots already applied in NII . If you will assume minimum 1400000 ( 14 lakh lots ) for small NII then you can calculate
1400000/14 lots = 1 lakh applicants then how you can say that it will not cross 20x ...
285.9. lokes| Link| Bookmark|
April 28, 2022 2:26:59 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Hostpacker : 1.2 lakh amount is retail there and there is much difference in that ipo craze and this ipo craze and 1.2 lakh is less than 60% of 2.08 lakhs.... anyways Even it goes upto 30K investors in small hni (which is tough in my opinion) then also it is less than 10X application wise....for 30x application wise means 1 lakh investors applying in 14 to 67 lots category (yes everyone won't be applying 14 lots only) which is higly unlikey in my opinion considering other older mainboard ipo applications below 10 lakh (i know applications will increase here but from 7-8k earlier to 20-30K max i think in below 10lakh category)
@hemant; there is no sense/connection between this 14.57x and 1X etc which you are informing since this 14.57x is total hni category where many are applying with above 68 lots also....and many applying above 14 lots also.....so you cant say considering all applying 14 lots only....means no point in assuming something which is not happening/possible.....
@hostpacker how did you come to know about lots applied in HNI
285.11. lokes| Link| Bookmark|
April 28, 2022 2:37:14 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Hostpacker: yes approx 21 lakh lots are applied around till now in total HNI category, from that how can you say its 14 lakh lots from small hni group. Big hni minimum lot is 5 times from small hni so i think 7 lakh in small hni and 14 lakh in big hni , and then too in small hni, you can't assume all are applying with 14 lots only....many are applying between 15 to 67 lots also. Everyone is not following chittorgarh or me ;) :) anyways lets leave it.....we will get idea from BOA, in my assumption it will be around 30K investors in small hni means 10X subscription application wise approx, in your opinion, its around 1 lakh investors in small hni means around 30x subscription application wise....lets see in BOA....whatever it it, we can just apply and pray for allotment in luck :)
@ Lokes , see Subscription first from Edelweiss already applied more than 2151524 . What do you think how many lots applied by Small NII. I think almost everyone know about lottery system then we can assume that small Applicant will not apply more than 14 lots.
@Harsh you can find data at https://www.edelweisspartners.com/frmIPOCompanySubscripation.aspx
@Monster zero and @Gppatel Everyone faced the issue while applying through SBI ASBA including me How you two guys did not face this issue. This is strange.