Data Patterns (India) Limited IPO Message Board (Page 19)

@ IPO GUJARATI
I am applying 17 each in MapMyIndia data pattern & medplus.
Dekhte hai kitna alottment milta hai.

@ipo Gujarati

Bhai Data patterns ma paisa block krva krta medplus apply krvo saro 10-12 lots in every account

Ab to Thoda Break Banta hai ....

Na hi na ..
Ye to chalta hi rahega..

If you have funds average it. My stop loss is 20% for IPO.

It will give paise after the winter season is over . It is in hibernation .
Not a joke!!

Couple of firms have given a target of 700 & 715 for ABSLAMC.

Severe resistance can be expected around 712-715.

Dear experts,
My question is also same as @IPO value Investor. I tried to search in RHP, I could not able to find an answer. Is it same like ''Paras Defense'' not allowed from NRI (on repatriation account) as normally expected on defense related IPO''s ?

Thanks

@Mravi
Are u apply in mtar?
Mtar also defence sector

@mravi I guess in general government has done a blanket ban on foreign funding in domestic defense companies.

@Mog,
Thanks, I was just looking to see if this is also mentioned in RHP same as ''Paras''

@Krupa,
I applied in small lots, Not allotted (could be on same defense related grounds or not got in the lucky draw)

Thanks

@IPO Value Investor,
I just checked DRHP. page 344 of 392 as below:

Bids by Eligible NRIs
Eligible NRIs may obtain copies of Bid cum Application Form from the Designated Intermediaries. Only Bids accompanied
by payment in Indian Rupees or freely convertible foreign exchange will be considered for Allotment. Eligible NRI Bidders
bidding on a repatriation basis by using the Non-Resident Forms should authorize their respective SCSB or confirm or
accept the UPI Mandate Request (in case of Retail Individual Investors Bidding through the UPI Mechanism) to block their
Non- Resident External (“NRE”) accounts, or Foreign Currency Non-Resident (“FCNR”) Accounts, and eligible NRI
Bidders bidding on a non-repatriation basis by using Resident Forms should authorize their respective SCSB to block their
Non-Resident Ordinary (“NRO”) accounts or accept the UPI mandate request (in case of RIBs using the UPI Mechanism)
for the full Bid Amount, at the time of the submission of the Bid cum Application Form. NRIs applying in the Offer through
the UPI Mechanism are advised to enquire with the relevant bank, whether their account is UPI linked, prior to submitting
a Bid cum Application Form.
Eligible NRIs Bidding on non-repatriation basis are advised to use the Bid cum Application Form for residents ([●] in
colour). Eligible NRIs Bidding on a repatriation basis are advised to use the Bid cum Application Form meant for NonResidents ([●] in colour).
For details of investment by NRIs, see “Restrictions on Foreign Ownership of Indian Securities” on page 354. Participation
of Eligible NRIs shall be subject to the FEMA Non-debt Rules.

Thanks

@MRavichandran, on page 358 of the RHP, a table has been provided for offer structure. Eligibility for applying under Non Institutional Bidders is mentioned as
“ Resident Indian individuals, Eligible NRIs on a non-repatriable basis, HUFs (in the name of Karta), companies, corporate bodies, scientific institutions, societies, trusts and FPIs who are individuals, corporate bodies and family offices”
As per above, it seems that NRI’s can apply only on non-repatriable basis, which again differs from what is mentioned on page 344 as per your above post. This is causing sort of ambiguity whether bids will be valid if applied on repatriation basis. If rejected, then money will be stuck for a week which can be used for other IPO’s. Please let me know how you interpret these conflicting clauses from RHP

@MRavichandran, kindly note that I have changed my title from “IPO Value Investor” to “Value .Investor”

@value investor,
yes, it confusing. Mostly same rule as Paras. I am not going to apply in HNI. May be I will apply in retail only
Also another solution is if ICICI Direct allows this IPO for NRI, then I could try with small HNI lots. I will update here, if I could able to apply in ICICI repatriable account

Thanks

Best solution here is, if you hold NRO account linked Non-PIS Demat (Non repatriation basis, just treated like any other resident demat account), then apply one single lot in retail quota and leave it in NRE PIS demat to avoid all confusions and unnecessary struck of the money.

same happened with me yesterday for data patterns in phonepe.. i cancelled that application and again applied.. then got only 1 mandate.. i think there was some technical glitch..

Checking...

Corrected. It was a typo.

a sigh of relief for everyone :)

Where is this page you are talking of? Could you kindly guide me to it?

Thanks.