You are doing a great job, running this highly informative forum.
I see lot of new members dropping in and having queries about application procedure i.e. Multiple UPI mandate, 3rd party bank etc.
I see it in almost all the IPO pages. If possible please open a separate page for such redundant FAQs. This will aid members to spot important information more quickly.
149.1. lokes| Link| Bookmark|
December 16, 2021 10:30:03 AM
IPO Guru (4400+ Posts, 5100+ Likes)
Thing is, no one will go and check other pages for anything :) Many times People don''t even check comments here in same page and keep asking same query which is already discussed/replied in same page :)
149.4. lokes| Link| Bookmark|
December 16, 2021 1:08:32 PM
IPO Guru (4400+ Posts, 5100+ Likes)
yes you are right Rajkumar, i keep pasting that HNI allotment guide link also to many people. But here there is one more problem regarding third party ASBA/UPI that things are not clear, i mean there is no strict rule to be followed by all registrars, its upto them that they reject third party UPI or not but third party ASBA is being accepted for sure by both big registrars, me and many others keep getting allotments in that @ADMIN also knows this, so soemtimes i keep pasting sometimes below thing to people which i have written with me.
As per sebi rules, both third party ABSA and third party UPI applications are LIABLE to be rejected (as the word "liable" says, it can be rejected or it may not be, depends on registrar now, not a strict rule) but normally in linkintime/kfintech both these UPI/ABSA third party applications , they are accepting and allotment is also happening. But some small registrars are rejecting applications which are third party ASBA applications too. It happened with skyline registrar in some sme ipo.
@lokes So as per your observation the big ones at least (Linkintime & Kfintech) are accepting UPI/ABSA third party applications for e.g. my UPI ID with Demat/PAN of friends or family members?
149.6. lokes| Link| Bookmark|
December 16, 2021 1:47:04 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@IPO OPI IPO OPI : yes third party ASBA applications, many people (including me) are getting with both registrars in all ipos and in third party UPI, i am saying based on seeing all comments in this forum from last 6-9 months, i didn''t tried myself. When there is easy method to apply via ASBA, why to try with UPI third party etc. SBI/axis/yes/indusind/RBL etc. all these banks provide upto 5 ASBA applications for single IPO.
149.7. Have Faith 🙏| Link| Bookmark|
December 16, 2021 1:51:21 PM
Top Contributor (500+ Posts, 100+ Likes)
@lokes best bank for 3rd party application according to you
149.8. lokes| Link| Bookmark|
December 16, 2021 1:55:57 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@have faith: From above mentioned banks which provide upto 5 asba applications, SBI time is upto 2pm last day and remaining all banks time is upto 3pm last day. yes bank is slow many times at cutoff times last day when multiple ipos are there together. RBL bank is very good and smooth, axis bank my brother is having that is also good, no idea about indusind bank.
149.9. Have Faith 🙏| Link| Bookmark|
December 16, 2021 2:04:23 PM
Top Contributor (500+ Posts, 100+ Likes)
Thanks @lokes ....Going with Axis Bank as no RBL bank is available near me ....
149.10. 🔥 MOG 🔥| Link| Bookmark|
December 16, 2021 2:22:00 PM
Top Contributor (400+ Posts, 200+ Likes)
@lokes @have faith I''m using IndusInd bank and i have to say that it''s very good. Using it for the past 3 months and haven''t faced any problem yet.
As I am concerned I have never get shares alloted when " Link in time "happens to be a Registrar to the issue. However I don''t want to give up my luck. Hope I may be alloted on one day or other. Good luck to the alloted.
146. Ankur Goel| Link| Bookmark|
December 16, 2021 1:08:03 PM
IPO Guru (1100+ Posts, 500+ Likes)
This is first time, retailers not enthusiastic. I was expecting at least 50 times in retail section. It seems, retailer run out of money.
146.1. Jetha Lal| Link| Bookmark|
December 16, 2021 1:29:21 PM
IPO Guru (1000+ Posts, 2100+ Likes)
In IPO like Mapmyindia which was much better than Data pattern retailers put ~5500 crores. In most of good quality IPO retailers put upto 6000 crores money. Data pattern came better so many IPO so there is liquidity crunch so it won''t be subscribed more than 22-23 times which amount to 4400-4500 crores.
146.2. Amit Jaipur| Link| Bookmark|
December 16, 2021 1:43:31 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Its the Effect of Bank Strike. Reducing Retail subs. Which is good for all.
Dear all....what are the chances in full application in retail?
144. RJ Rocks| Link| Bookmark|
December 16, 2021 1:39:11 PM
Top Contributor (400+ Posts, 200+ Likes)
Below fund already blocked in 3 mainline IPO medplus 73000 cr MapMyIndia 160000 cr metro 4975 cr Data figure coming soon. May be record money blocking at this time in these week IPO run.
Guys i have this doubt for a long time and not able to get the exact document mentioning about the Guideline/Policy from NSE/SEBI website. It will be of Great help to everyone if anyone share it.
1) Applying multiple lot through same UPI id with different Demat (Obviously different PAN card) - I''m expecting this will be rejected but i can see in comments that few people got allotments this way. 2) Applying multiple lot through same ASBA with different Demat (different PAN card) - Not sure this is possible. Please throw some light on this.
I haven''t tried different Demat(PAN) via UPI. However, I apply for other family member''s demats through SBI ASBA and it works. Once, it worked with HDFC ASBA too(accidentally due to auto-fill different dp id was entered for Rolex IPO), and got allotment.
I applied over 15 IPOs recently and got allotment of PAYTM only which is still burning my fingers :)
138. Elon Rusk| Link| Bookmark|
December 16, 2021 11:54:55 AM
IPO Mentor (500+ Posts, 200+ Likes)
Query: If i apply via UPI and ASBA , will it be considered as 2 individual application or 1 single application
Ex: Apply 1 lot via UPI, Apply 1 lot via ASBA for same Demat account. Will it considered as 1 application with 2 lots or 2 application with 1 lot each?
With one PAN number you can apply for 1 application only. More than one will cancel both.
138.3. lokes| Link| Bookmark|
December 16, 2021 12:42:59 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@elon: it will be considered 0 application since both will be rejected. Only one application allowed from one PAN/Person so apply only one application with one lot via ASBA or via UPI.
137. Crow| Link| Bookmark|
December 16, 2021 11:00:59 AM
IPO Mentor (700+ Posts, 900+ Likes)
The Crow Verdict: I feel there''s no need to give a verdict on Data Patterns IPO as retail is already subscribed 15x up. Anyway, I still feel this is fully priced (despite the pre-IPO Nov capital raising at 577 apiece) and may not give much on listing. The current GMP of ~520 could be chhalchhalawa and fizzle out (even to half) by Dec 24 on listing, aggravated by the Christmas week merry.
If allotted, take out principal and enjoy the profits over profits. This is what I did with MTAR and I have no regrets.
Red flags - 3 out of 11. Keep crowing!
137.1. 🔥 MOG 🔥| Link| Bookmark|
December 16, 2021 11:48:19 AM
Top Contributor (400+ Posts, 200+ Likes)
Agreed! The issue is priced expensively and if it belonged it another sector, gmp would have been nil. Currently its asking PE is 36 and looking at the defense sector ipo history, i expect it to demand PE > 100 when it lists because of the frenzy, domestic defense production growth and make-in-india initiatives. Paras PE 191 Mtar PE 130