just wish if we had Subscription bifurcation in small and big HNI.. Things would have been easier.. no blind decision then. NSE BSE please update the system as soon as possible..
240. IProfitO| Link| Bookmark|
April 28, 2022 10:14:33 AM
Top Contributor (200+ Posts, 100+ Likes)
Which investor category to select in axis NetBanking in case applying for HNI?
Yes, Minor having limit access for netbanking. SBI don't allow minor to apply ipo through ASBA from minor's demat account. And zerodha doesn't provide kite access to minor so can't apply from zerodha as well.
Ealier I used to apply from SBI ASBA. for now SBI YONO we can apply for time being but not sure how long it will be supported.
netbanking and debit card every bank gives for minor but they provide very limited access for online facilty. they don't have rights to apply IPO from their own saving bank account.
May be another best possible solution is adding minor as second holder to the parent's existing savings account, since the minor PAN also updated in the bank's records, there wont be any issue in applying the ASBA by simply logging into the parent's online bank.
This was updated by @Lokes last time based on his experience, you may further check with him about any recent changes occured.
238.9. snipperRaj| Link| Bookmark|
April 28, 2022 10:31:07 AM
Top Contributor (300+ Posts, 200+ Likes)
@Retail IPO, @lokes, can you please give more info. I doubt this application of using "minor pan" with "Major's bank account + minor secondary holder" will be accepted by IPO registrar. Valid acceptance would be -> "minor pan+minor dmat+minor bank account"
@ s patel, @ipo wizard thanks . so SBI , PNB, kotak are bank that provides minor with asba facility and with enhanced transaction limits?
@IPO Study - Yes you can apply as HNI ( both small and big ) from Minor Account.
236. Ou Ai| Link| Bookmark|
April 28, 2022 10:19:58 AM
Top Contributor (300+ Posts, 300+ Likes)
Third Party Applications from all banks
Dear All
SEBI released a circular on 20th April 2022 addressing investor grievances on delay in unblocking IPO applications post allotment. As per the circular, 1st May onwards syndicate members, lead managers along with banks are required to compensate IPO investors with Rupees 100/day or 15% per annum of the application amount whichever is lower for each day delayed from BOA+1. Unblocking must be done on next day of stock exchanges declaring basis of allotment. (BOA). This circular also orders that investor be sent allotment details by SMS to investors in ASBA and UPI mode. Further , lead managers and bankers have to submit several forms as per schedules and annexures in the circular for all mode of payments with entire data file. In addition , they are required to submit declarations that an applicant's money is not blocked in excess of his application. From schedules and annexure in the circular it is clear,
1. All annexures mandate applicants details like Name, application Number, Demat account and bank account. 2. An applicant's blocked amount from bank account should not be more than his own application. 3. In UPI, NPCI is implementing Invoice in the box , again with their own account.
In 3rd party application, name of the applicant and bank account holder does not match. Also amount blocked in one account will be higher than his own application as it is funding other 4 applications.
While this circular addresses the compensation for delayed unblocking , it required that an applicant details are matched for quicker unblocking and compensation.
Therefore all banks will discontinue 3rd party applications. This reform is for ASBA, UPI both. The provision of 5 applications was to link and add different Demat accounts of accountholder with same PAN number. This was kind of abused by linking non accountholders Demat and PAN.
Since this circular says it is effective from immediate effect most banks implemented it immediately. There is a good chance that others will follow soon. 3rd party applications now accepted by banks may get rejected by the registrar as otherwise they will not be able to provide those annexures with applicants details. Attached is the SEBI circular in the BSE link below.
Wonder why there's not much talk of the new small HNI category in print or online media, business channels, youtube channels. In my opinion, it's a significant development! Also, SEBI should have made it mandatory for exchanges to disclose break-up of subscription in 2-10L and 10L+ categories. I think, just a matter of time and they will wake up to it.
kyunki unhe listing gain chahiye . ye poori tarah se galat nahi he. because kabhi na kabhi to logon to profit book karna hi rehta he. Plus company is having cash , so they dont want sell equity.
अनिल जी,किसी भी शेयर को लिस्ट कराने के लिए उस शेयर का पब्लिक के पास होना जरूरी है,और कंपनी अपनी वैल्यू बनाने के लिए इसे लिस्ट करवाती है और IPO लाती है। रही बात सही कीमत की उसे बाजार निर्धारित करता है,यदि हमें सही लगता है तो अप्लाई करें,नही तो रहने दे। वास्तविकता यह है कि किसी भी शेयर की सही कीमत क्या होनी चाहिए,कोई निश्चित प्रणाली नही है।बाजार मांग और पूर्ति पर चलता है।क्या अदानी के शेयरों की सही कीमत है? शायद नहीं पर्मोटर शेयर क्यों बेच रहा है?पब्लिक इश्यू के बाद यह कंपनी का बाजार भाव लगभग 35000 करोड़ का होगा।और उससे उसकी अपनी वैल्यू निर्धारित होगी। यह बाजार सबके समझ का नही,इसलिए IPO यदि GMP अच्छी है लगा दीजिए, वर्ना रहने दे।शेयर बाजार मे धीरे धीरे सभी ज्ञानी हो जाते है,जो कमाते है वह भी,और जो गंवाते हैं वह भी। कोई बात अच्छी न लगे तो क्षमा प्रार्थी हूं।
@ dr anil. It is always better not to understand everything. If we understand everything, we would have been entrepreneur and not the investor. They are booking profits and further invest in the business and making more profits. Further their shares are listed and they really know the real value of shares. Sometimes it gives them more value. There are rules, need to be followed. They have learned Advisors. Where our thinking end their start.There are lot of examples, difficult to describe here. Try to find some. Now everything is available. Good taking interest.
OO Bhai Mittal ji..... BATA INDIA ka mkt cap = 25000 crore hai . A Pioneer . AAp CAMPUS ka mkt cap 35000 crore laga rahe hain . is it justified or over valued ??
233.6. Jetha Lal| Link| Bookmark|
April 27, 2022 4:05:50 PM
IPO Guru (1000+ Posts, 2100+ Likes)
@Virat Kohli Campus mcap @ 292/share is Rs 8890 Cr.
233.7. PrinceMJ| Link| Bookmark|
April 27, 2022 4:54:39 PM
Top Contributor (500+ Posts, 200+ Likes)
@ Jetha lal ji @ MITTAL JI 47,950,000 Eq Shares of Rs 5 (aggregating up to Rs 1,400.14 Cr) equity dilution ; 78.21 % to 74.1 % = ~4% Full mkt cap will be 1400 cr x25 = 35,000 cr
MITTAL JI is right CAMPUS is bigger than BATA ????
233.10. Navdeep| Link| Bookmark|
April 28, 2022 9:31:07 AM
IPO Mentor (500+ Posts, 200+ Likes)
The initial public offer (IPO) is entirely an offer for sale (OFS) of 4,79,50,000 equity shares by promoters and existing shareholders. Those offering shares in the OFS include promoters -- Hari Krishna Agarwal and Nikhil Aggarwal -- and existing shareholders -- TPG Growth III SF Pte Ltd, QRG Enterprises Ltd, Rajiv Goel and Rajesh Kumar Gupta. At present, promoters hold 78.21 per cent stake in the company while TPG Growth and QRG Enterprises own 17.19 per cent and 3.86 percent shareholding, respectively
SBI UPI mandate automatically revoked in 10 applications in 2 up id. And funds unblocked. I didn't cancel my bid. How could this happen before allotment of shares.. Anybody else facing the issue. Experts please suggest what should we do.? again ipo bidding?