In SBI ASBA no modification / cancellation will be possible in HNI Category once bid submitted. Although it can be done in retail category only. Investors should take note of it.
No Hemant 1x oversubscription in NII means 3357 applicants in small HNI will get 14 lots each. Earlier it used to be 14x subscription means firm allotment.
@dinesh Correct me if i am wrong My assumption was If NII subscription is exactly 1x then every member will get 14 lots ( confirmed allotment for every member ) If NII subscription is exactly 2x then one member out of 2 will get 14 lots ( chances of allotment is 50% )
Right lokes. Once every one apply for 14 lots it will be 1X subscription but in reports it will appear as 14x subscription. We have considered the availability of lots based on 14 lots allotment to each.
What to do? Should I apply 1 lot in retail or 14 lots in small HNI or 68 lots in high HNI. Please someone guide. Which has highest chances of allotment?
192.1. ipo stonks| Link| Bookmark|
April 27, 2022 7:10:16 PM
Top Contributor (200+ Posts, 200+ Likes)
Retail will cross 5x application wise In small HNI also once can see 10x application In big HNI I predict max 3x applications *The above are my estimates* So if money is not a problem apply 68 lots in Big HNI.
People are saying SBI asba restricted from netbanking. But I was able to apply from yono lite. Will that application be valid since application was successfully submitted and money deducted for other PAN number?
189.1. UjwalG| Link| Bookmark|
April 27, 2022 6:53:36 PM
IPO Guru (1000+ Posts, 500+ Likes)
Yes, SBI netbanking is not accepting 3rd party asba, while yono is accepting. Since this is the first time i guess, to be on safer side, apply from each upi id of pan holders account. It might happen that registrar might reject 3rd party application. we never know.
can smone in short way say where more chances of allotment retail, small hni or big hni what is better ? if money is available where to subscribe? what willbe over subscribed more? if i have 10 lacs where to subscribe small hni or big hni
Is it possible to cancel bid in SBI ASBA as a small HNI and resubmit the bid as a big HNI ( i.e.more than Rs.10.00 lakh)
182.1. lokes| Link| Bookmark|
April 27, 2022 3:57:04 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Any of HNI application bid can't be deleted/withdrawn. You can try modify the same ipo bid with 68 lot shares, that will be possible if your bank is supporting that. That is allowed. Increasing the bid amount is allowed but decrease/delete is not allowed in hni.