CSB Bank Limited IPO Message Board (Page 19)

For IPO only means if you hold securities less than 50,000/- no AMC is payable to any DP as per SEBI regulations for BSDA (Basic Services Demat Account). The condition is only that the holder must have only one demat account across depository, means if any one has 2 demat a/c with any DP of CDSL or NSDL, they are not eligible. Depository check it with PAN.

Transaction charges payable and may vary DP to DP but a broker DP offers very nominal transaction charges if trade is done through them as they earn brokerage.

@dpcdsl
Thank you sir. With whom can i open BSDA with least cost? I hold shares < 50000 for very short period. Please suggest . Regards

OPen with zerodha it is best rest didn't give proper technologies and rest charges is bety high

What is the need for this question in this forum? Pl. do not ask these kinds of irrelevant questions. Pl. type the messages only about the CSB IPO. thanks.

You are open account by me
and get 300 rs. Voucher of amazon

Use code HIRE151 for 5paisa demat and trading ac free of cost, and lowest brokerage 20 Rs. Per order.
Use HIRE151 otherwise ?

Don't worry nothing is going to happen to karvy. Earlier also karvy was banned, nothing happened to them. They are running operation as usual. Seb and karvy are playing tom-jerry.

It has been seen in over subscribed issue that allotment is mostly done application wise hence instead of 1 application for 13 lots amounting to 1,90,125/- you go for 13 applications for single lot 14,625/- each which shall give better chance of allotment.

However, if you can not arrange many applications and have money without any problem, you should apply single application for 13 lots (i.e. less that 2 lac) as there may be better chance on the 'basis of allotment'.

@dpcdsl
In oversubscribed situation in ipo
All application either 1 lot or 13 lots treated same as per my knowledge
So no edge for 13 lots over 1 lots
Please correct me

No.
No. of lots applied for matter.
It depends upon 'basis of allotment' parameters, there are 2 parameter or basis - one is application wise another is 'subscription wise'.
Your understanding is correct if it is 'application wise', which is prevalent now-a-days for the cause of larger investor base and 'bahujan hitay bahujan sukhay' concept.

But if 'basis' is decided subscription wise the application for more quantity matters.
Take an example, issue subscribed 10 times then allotment shall be as follows:
1 out of 10 who applied for single lot,
1 out of 5 who applied 2 lots,
1 out of 3.3333 who applied 3 lots
1 out of 2.5 who applied 4 lots
1 out of 2 who applied for 5 lots
and so on ...
Firm allotment to those who applied for 10 lots.
Additional proportionate shares given to those who applied for 11 to 13 lots.

@dpcdl
Please don't give wrong information,

At the time of over subscription , consider as per application wise,
So single lot application and max lot application both are equal.

RHP > Offer Procedure > Method of allotment. Page 639