People have not gone crazy, but its the IPO financier (the NBFC''s) who have. @ 6.5% per annum interest and some processing fee, if the issue does not list at Rs 600 its a loss to the HNI''s..
Moreover this 250 x subscription is all leveraged.......NBFC''s are giving 100 times leverage on the IPO''s,.
If you put Rs 1 crore, you can apply for Rs 100 crores !!
I applied through axis bank and this tume has real bad experience. Applied for one but amount blocked 5times. Withdrew 4applications and now my balance got refund of all the 5applications. In the ipo status 1 application is showing blocked and 4 applications (which i withdrew is showing processing). Don''t understand is my application accepted?
I have applied under retail category for 480 shares(16lots) it shows application amount 207360 and payable amount 197280 will my application be accepted?