Containe Technologies Ltd IPO Message Board (Page 4)

Angel does not allow SME Ipo share transactions.
Change your broker and transfer the shares.

Thanks for your quick response MOG.

Does Zerodha allow SME IPO transactions?
Also please suggest some brokers to trade in SME IPO?

I have you have not activated your Poa... Just check it.. if your Poa is active u can sell it on listing

You can sell it by calling your broker if you have submitted POA

You cannot sell it from your end. You have to call them for placing order. I have sold one of my previous allotment like that only

Thank you guys for your reponse. You are correct and that's why I called you champion.
I have checked with Angel and they told me that I can not sell directly through the app but can place a sell order via call.

Not good service from Angel. Everyone is facing this issue when selling SME shares.

Hi PSSHARMA, i had undergone same pain with Angel. But at last i was able to sell after speaking to Angel for more than an hour.
Follow following steps -
1. Call Angel Customer Service.
2. Tell them to place order as you are not able to sell and tell them what error message you are getting.
3. Ask his/her mail id and send a mail regarding your sell order. Request them to sell at market rate.
4. There are highly chances, that your order is unable to execute because there is a limit for transaction value over phone i.e Rs. 3,00,000/- (3 lakh). If your order value is below 3 lakh its easy for them to sell.
5. they will try to encourage you to sell half quantity of lot quanty. Dont do it. they dont know.

Zerodha allows sme shares transaction.
I would suggest you to open an account there

Some banks provide asba for minor account too....i am using hdfc bank...
And broker is prostocks which provide minor demat account and also allows to sell shares on listing day or any other time from minor demat account and also deals with sme ipos too....check below link for more info.

https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1248&c=514499&ap=0
https://www.chittorgarh.com/article/minor_demat_account_minor_trading_account/175/
https://www.prostocks.com/trading/minor-account.html

@lokesh ji

Are u applying through net banking from minor account???

does anyone has any idea about whether MOTILAL OSWAL Demat allows selling on first day of SME listing? and from Minor Account?

Yes you can apply. But you can't sell
until he Major. You are only caretaker.

@ IPO BHAKT
Please remove one zero each
Make us happy 😃

Thanks

Au small finance Bank & rbl

Thank you @Arca for quick reply!

Make fixed deposit in "INDUSIND BANK" / take "SWEEP IN" facility and enjoy earning 7.25% and also apply for ASBA

Same you can do you "YES BANK"

Better use Interest pay out option and with that interest buy good EQUITIEs

@Hamsa... What is a sweep in facility? I have a fixed deposit in InduInd and I have taken a OD on this FD to use money for IPOs when needed. Also, can I apply third party asba thru IndusInd? Thanks.

AU Small finance bank give 7.1% in savings A/C over amount more than 35 lakhs, (below 25 lakhs it is 6%).

@SamJos do Au bank provides third party ASBA applications?

IDFC FIRST 6% interest, mostly deposit , also provide asba service.

Thank you all for your good suggestions.

@Hamsa
Sweep in facility seems to be good option but when we withdraw money or apply for ASBA using this amount, then bank will charge 1% penalty so will it be still good option as we keep applying IPOs multiple times? or applying in ASBA will not attract this penalty? kindly reply.

@SamJos
AU Small finance does not have online ASBA option as per their website, so looks like we need to visit their branch every time to submit ASBA application which is not possible in my case but thanks for suggestion on high interest rates

@MehulStk
Thank you for suggestion, I think you are referring to FD sweep in rate as 6%

@DDNational
Recently, I have shifted my Account from ICICI Bank to Indusind Bank after having elaborate discussions with our forum members. I like to share my experience with Indusind Bank as below.
1) Present interest rate is 7.5%(Senior Citizen) / 6.75%(Others) for FD for 1year 6 months with quarterly interest payout option. The above interest rate will not reduce for quarterly payout option but will reduce for monthly payout option.
2) I am a senior citizen and have taken several FDs at Rs.5 lakhs per FD and enjoying 7.5% interest.
3) I keep some amount say Rs.3 lakhs to 4 lakhs in Savings Account so as to keep the FD(s) intact, thereby avoid penalty, in case of allotment of shares. Since I have taken split FDs, even if there is no sufficient amount in the SB A/c, first FD for Rs.5 lakhs only would be affected with penalty and other FDs would be intact.
4) I also get 3.5% interest for the amount available in the SB A/c upto Rs.10 lakhs and 4.5% for the incremental amount more than Rs.10 lakhs.
5) ASBA facility is available for combined amount of Saving + FDs. As the amount gets blocked only and remain in the account as “Lien”, I continue to get interest (i.e. without any loss of interest) during the blocked period also.

@Vinni
1) Sweeping facility is nothing but linking the Fixed Deposit(s) to source savings account.
2) To avail this option :- Under “Accounts” click “Term Deposit” and then click “Link Deposits to Account” . Now you will find “Sweep in Deposit Request” There you press “GO” button, get the Deposit list, select the Deposit(s) to be linked and finally press “Submit” button.
3) The above facility can be availed at the time opening the Deposit itself by selecting the check box which reads “I wish to link the fixed deposit to my source savings account …. …. …
4) Third party ASBA was available earlier but unfortunately they have now withdrawn this facility.

Karwa sakte hain, but IPO milta nahi lekin. (3rd Party UPI se).