Chaman Metallics Limited IPO Message Board (Page 24)

That was in pre ipo investment.

They are pre-ipo investors.

Based on cureent subscription assuming no rejections.....
Retail chance: 1/159
2 Lot HNI chance: 1/128

All the best...

For 2 lots HNI, the ratio is effectively 1/128, still better than retail.

Instead of applying 2 lots HNI
you could have gone with 2 retail applications of 1-1 lot each
in that case probability for you in retail would be=> 2*(1/159) => 1/80 approx
that is better than HNI
but it is applicable only if you 2 Demat accounts with you

otherwise what you did (2 lots HNI) was the best-case scenario
and what @Trueinfo and @Justalearner explained is correct

Theoretically,
All calculations/outcomes are correct based on the probability

Practically,
A. in a random lottery system, you may get 0 lot (no allotment), 1 lot, or 2 lots in retail
B. same with HNI also, no allotment or max 1 lot allotment
for sure, 2 lots allotment is not possible in HNI considering 256x

@JAI JAI....
I have also done the same thing. Bu I think there is no need to regret because 2 lots in HNI still has better chance (1/125) as compared to Retail (1/159). Moreover, linkintime never allots sgares to me in retail category, so I have tried in HNI. Let us hope for the best.👍

@ ipo share

I m using equitas asba facility for minor account they have just started in last month for minor... U have to fill the form for beneficiary addition and within 48 hrs they will add the name of minor with his/her pan number...

For demate I am using jainam account and I must say till date no problem for using minor account... Ucan apply sme and sell the same in preopen...

@Vedansh
Thank you very much for your kind response. From your reply, what I understand is that it is necessary for guardian to have his account first and then minor can be added.

Have been using hdfc + prostocks for about 1.5 plus years. No issue till date...

@ipo sahre

No need to have gaudian account you can directly open account in the name of minor

Upstox,...u can't apply but you can buy and sell

U can apply via asba net banking
Or use Edelweiss portal for upi application.

@Monster Zero. In this forum many people are posting technical issue and losses when they sell SME share in upstox in last 1-2 months.
Do you have any update on that?

Well..even i bought rcf and got delivery after the end of T+2 date...in upstox
But when i bought rcf in groww... I was able to sell it on the next day..btst..
Also settlement of funds from selling and trade profits is delayed.
Groww has a better realtime settlement including the charges for buying and selling.

So upstox has a delayed settlement issue but, i primarily use upstox accounts to apply for IPOs and groww for trading and investment.

Only if groww jumps in with SMEs and applying SMEs... we'll have a real winner.

Also..upstox can't differentiate between intraday and delivery. While groww automatically converts the transaction into to suitable category my holding period.

Last point... upstox charges 18.5 Rs for demat selling charges per equity while groww only takes 15.93 Rs.

When I opened 24 accounts with upstox..demat charges were showed as 15.93 Rs..but when did they reach 18.5 Rs..god knows

Also.. upstox app doesn't show your transaction and orders at simple clicks...u need to take a walk through it's web portal and find the transactions after t+2 days. That sucks.

@Monster zero. If you scroll in ducol page many people reported issue in selling SME share and trade was converted to short sell and they lost money. They are following up with sebi. Do you know about the issue and how that can be avoided?

Well
.. check the details before placing an order
Try to place limit orders rather than market sell.
If there's any wrong doing from uptox's side then definitely go to sebi..
I read the post and the day high for that sme was 35.5 and share was sold st 35.25...which is inline with execution but SMEs trade on very small volume and a market order would have messed up things. It is just assumption.

I would be very happy to know the outcome of complaint to sebi.

@Monster Zero. Thanks. I was bit worried but thanks for your advice. I will use limit order. However seems some people may have faced issue even with limit order as they sold on preopen and I think preopen allow limit order only. Let me check with them.

@Monster Zero from one of the member reply it seems e-dis failed and he did not do post sell authorisation as he did not get any communication on same.

😂.. classic mistake...upstox sends msg and email to do authorisation.
Poor guy

@Monster Zero sorry to ask on open platform but how to u manage 24 accounts and how did u operate. Whether u tell them to bid or u hv access to asba facility of theirs

@RP....
Majority members handle multiple accounts. By law all handling their own accounts. 😂😂😂

in retail 195 or 159 times?

@Hope is life. It 159.85 times . 1836.85 crs. Divided by 11.49 crs. It's comes to 159.85.

@i For IPO
I think it is related to ASBA that you are referring.
Just went thru internet for suggestions. Try these
1) Contact SBI Branch manager where you are having account
2) Customer care
3) If your account is on lien due to ASBA and you want the lien to be removed, you have to send a withdrawal request with the issue to the registrar of the IPO.
Have you tried 3rd option?
Contact the respective IPO registrar

Branch Manager & CC Telling All are Ongoing Lien Amount

Contact Register Twice Both Times They Just Passed Issue With Bank And Bank Telling Same Story

@i For IPO
Send 2 separate emails:-
1. Send one email to the Registrar of the IPO. You can send in reply form to the mail received by you from the Registrar reg. Allotment Advice cum Refund Intimation. Also mention your PAN No. and Application No.

2. Send separate mail to SBI, attaching mail of Registrar for non allotment. Send original mail to your SBI Branch viz. with copies to (a) customercare@sbi.co.in (b) local GM of SBI (c) gm.customer@sbi.co.in (d) chairman@sbi.co.in
Write full details like Bank A/c No., IPO Name, Application No., Mode of Application (ASBA or UPI) and Date of Blocking of Amount etc.

I hope, if you write in a proper abd complete manner, your problem will be sorted out very soon. No need to run to Brair any other Officer. Just send email.
All the best 👍

@i For IPO
More than 3 months is a long time. I don't know whether following are the right ways. Just giving suggestions
1) Try thru local police station
2) Get the proofs regarding your issue and if possible get the response in written format from registrar and bank officials. Lodge the complaint with the consumer court (self or with help from advocate)

@i For IPO
Try the suggestion given by "ipo share" first

Thank You @Arjun @Ipo Share

It can be easily released by branch,after verifying that those application are rejected and there is no allotment.
2-Send a mail to there UPI department or ask the branch to send the same.
3-Ask them to modify it in halm and make the lien to zero.(easiest way to unblock you amount)

Simple. Contact your home branch physically. They will get amount unblocked within hours. I have experienced it myself.

Problem Solved

Thank You All

@i for ipo

how ur problem solved sir?

share ur experience if possible 🙏

Took ScreenShot Of All Blocked That Need To Be Unblocked
And Worte Email To All

Register/ Lead Manager/ Bank / RBI / Sebi
Within Two Day All Unblocked.

Ps- RBI / Sebi Not Even Revert Back All Other Contacted Each Other And Solved My Issue.

ok thanks sir for reply

@i For IPO
Congratulations for getting your amount unblocked.
In fact, it is an issue between Registrar of IPO and your Bank. That is why, you got response only from those two.
I request you not to wait for too long if your amount is not unblocked on refund date or its next day. Just remember to send email as you did now.
All the best for future allotments so that you don't need unblocking of ASBA amounts. 😄👍🙏