Does any1 use family account in ICICI? Any Review's I am planning to move all the accounts to one bank, to avoid too much transaction across banks and charges.
@Dhiraj Ramchandani thanks for the info. 1. Is there any transfer charges or its done via pockets 2. MAB is sum of all accounts right? 1L , so I can have less balance in few accounts 3. I hope we can have Money Multiplier FD's in few accounts. Thanks in Adv
1. I opened fresh, so not sure on transfer charges? If you mean neft transfer within family accounts, its free 2. MAB, I maintain only in my account. My wife and daughter have zero balances. 3. Money multiplier FDs too you can have primary or main account holder.
So in family account, there will one main account and rest of the accounts will be just subsidiaries of it (though having separate identities too)
@Dhiraj Ramchandani Thanks for the info. Money multiplier FDs can all subsidiaries use it from main account to apply different applications or it has to be at each level?
I recently opened savings bank account in RBL BANK for the purpose of applying big applications in SME issues. I am getting 7.5% interest ( almost equal to FD ) . The ASBA interface is very good.
@Dhiraj Ramchandani ji, bank people dont know much..on the IPO part, please help 1. They are telling, it will be one cust ID for all accounts (5), i hope it wont be issue with PAN and stuff, while applying. I hope i can apply from all 5 accounts from that 1 cust ID(primary). 2. MMFD, can be each level (like parents & wife)? or one MMFD created at primary can be used to apply from all others acounts. 3. Tax I hope it wont roll up to primary account.
Just for your information, I have different customer ID for all 3 accounts. 1 customer ID, not sure, why it can be only one/same.
Moreover, tax will not be rolled up to primary account, like if your wife has earnings, she'll be taxed separately. But in case of minor, tax will be rolled up to guardian/parent.
@Dhiraj Ramchandani thanks for the reply and info. Bank ppl are clueless and there ETA is 1 month to create a family account. Will do some more research and proceed. thanks.
I understand, unfortunately the expertise of each branch on different topics is very different. Customer call center is not also very helpful here, they will route you to the branch only.
Fortunately, my all accounts are in Vadodara main branch of ICICI Bank, which also happens to be the registered office for ICICI Bank Limited. So, services are better.
@ArvKaush Thankyou. If I am not wrong, active money SB A/C, is a sweep account. Hence if you have balance in that account, you can apply for IPO. YES FROM MINOR AC YOU CAN APPLY FOR IPO, WITH T&C. LIKE, YOU SHOULD HAVE MINOR DEMATE ACCOUNT AND LINK THAT ACCOUNT WITH KOTAK MINOR SB AC.
You may go ahead opening savings account in Kotak Mahindra Bank, but you should open Demat + Trading account in some online broker account other than Kotak Securities. Reason being Kotak Securities are full services offline brokers charing 0.25 to 0.5% brokerage per trade. At the end, it becomes costlier affair, while there are several online limited services brokers, who charge NIL or INR 20 brokerage per trade. However its your own choice. Also, app of Kotak Securities is smooth and interface is very good.
@Chhote Lal Does your mean that India word has no significance ?
35.3. Chhote Lal| Link| Bookmark|
June 19, 2024 12:50:43 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
@SK Mali No Sir, what I meant was How does IPO dashboard and renamed IPO dashboard India make any difference 🤔 We don't deal with any Global IPO dashboard here, so what's the significance of renamed title !!
@CA Saurabh Bansal@Rajiv RR Sir I had recently opened my daughter's account in ICICI and they provided facility for ASBA. But problem is that while I try to apply IPO using my daughter's account, it fetches all details as per my daughter's account except pan card number. How to update that? As I have tried contacting bank but they are not sure for process.Reply from other member is also appreciated 👍
31.1. Prince 🤴| Link| Bookmark|
June 15, 2024 9:04:38 AM
Top Contributor (500+ Posts, 200+ Likes)
Bhaiya share holder quota alag hai or BHNI AND SHNI ALAG HAI
AAP SHAREHOLDER QUOTA MAI 2LAKH AND YAATO RETAIL/SHNI/BHNI Mai apply kar sakte ho
BHNI or SHNI Mai ek saath kabhi apply nahi kar sakte .
31.2. Chhote Lal| Link| Bookmark|
June 15, 2024 9:22:46 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
@Sandeep Kumar sethi Share holder quota will be like retail (up to Rs 2L) Apart from SH quota application, one can apply any one of regular retail/sHNI/bHNI
In Bajaj Housing shareholder quota, the limit is 2 lakhs..
Retail + shareholder or SHNI + shareholder or BHNI + shareholder all are valid, plus if you are an employee, you can in addition to these apply in employee quota.. Hope it is clear now..
@Harsh Newguru Subscription numbers depend on many factors like size of issue, valuations, promoter reputation, growth prospects, comparison with peers, trending sector etc. Capabilities wise, there is no dearth of funds. One should see figures in issues like Tata Tech and VI to comprehend it better
Lots of queries of Bajaj, All things are as per now data. First of all both shares of Finance and Finserv are eligible as per now. Second RHP filing date is the record date and there is no timeline for RHP but usually announced after accepting DRHP. Third share holder quota would be 10% and around 640 cr and u can apply sh and retail or hni bid.
If your only aim in life is perfection then you'll never hit target 🎯.
@Chhote Lal@Vimal Garodia I have a doubt in sme ipo allotment I have funds for 4-5 allplications and 3 pan accounts So, which of the following would be best for high allotment chances
1) 1/1/1 Retail application 2) 1/1 retail and 3 applications from single account 3) 4-5 applications from single account.
Also once I block funds in sme ipo for retail can I cancel it ? For hni I know we can't cancel
I would just like to add one thing when you cancel an UPI application funds might not get unblocked until.allotment day, while in ASBA application, funds would get unblocked immidiately or in a few hours..
All the best..
27.3. Chhote Lal| Link| Bookmark|
June 15, 2024 6:44:06 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
@NAPSTER Hello, you got responses from members. All, I would do in your place is prefer go for option 1.
*NSE awaiting Sebi's green signal to begin IPO process, says MD Chauhan* https://www.business-standard.com/markets/ipo/nse-awaits-sebi-s-green-signal-to-begin-ipo-process-says-md-chauhan-124040500192_1.html
* The National Stock Exchange (NSE) is awaiting approval from the capital markets regulator Sebi to kickstart the much-awaited Initial Public Offering (IPO) process, its MD and CEO Ashishkumar Chauhan said
* When asked about NSE's IPO plans, Chauhan on Thursday said," We will submit a revised Draft Red Herring Prospectus (DRHP) as and when we get approval from Sebi".
Sir ji aab time lagha kyunki sebi ne date time line de h ise hisab se 3 years me koi mistake nhi honi chiyi lekin abhi NSE me dikkat ho gyi thi sever like not getting tpin pin otp so sebi extend till next year
25.1. Basuvr| Link| Bookmark|
June 14, 2024 3:10:38 PM
IPO Guru (2000+ Posts, 1100+ Likes)
Yes you can buy today it will be considered
Pl note Sh quota will also be oversubscribed, and allotment will be on lottery
25.2. CJ ROCKS| Link| Bookmark|
June 14, 2024 3:11:40 PM
IPO Mentor (800+ Posts, 500+ Likes)
@TRK Yes u can buy today. Today it has filed DRHP not RHP.You have to buy Bajaj FinServ or Bajaj finance before RHP filing as most of the time RHP filing date is considered to be the CUT OFF date for SH quota. When SEBI gives green signal to its IPO.Then they have to file RHP.
25.3. Chhote Lal| Link| Bookmark|
June 15, 2024 6:48:43 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
@CJ ROCKS Nice 👍 Clarity of understanding is appreciated!
25.4. CJ ROCKS| Link| Bookmark|
June 15, 2024 8:46:16 AM
IPO Mentor (800+ Posts, 500+ Likes)
@Chhote Lal Thanks🙏sir for ur kind words. This forum is full of knowledge and highly experienced members like you and other seniors through which we gain knowledge and profit from time to time. 👏✌
25.6. Imhilli| Link| Bookmark|
June 15, 2024 11:09:22 PM
IPO Guru (1200+ Posts, 700+ Likes)
I think, there will be good amount of time in-between filing DRHP and RHP. The cut off date for SH category will be mentioned in RHP. So if anyone is following the RHP filing closely, he can buy after RHP filing also. But to be safer side, better to buy 1 share and relax.
25.7. Chhote Lal| Link| Bookmark|
June 16, 2024 7:49:27 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
@Imhilli Sorry, RHP filing usually is the record date, so after that date no point
With all due respect, i will like to add one more thing.
Thr share of the parent company has to be in the demat Ac on or before the day RHP is filed, which is generally the record date. So, latest one has to buy the share is one working day before RHP filing, and it can be filed anytime. So, just buy the share as early as possible..
25.9. Imhilli| Link| Bookmark|
June 16, 2024 2:19:13 PM
IPO Guru (1200+ Posts, 700+ Likes)
Can I raise complaint for not submitting my application even after blocking sufficient fund? If yes , can anyone help me with the link where I can raise the complaint?
@Wanderlust You shouldn't let 'em go scot-free. File a complaint with SEBI scores. They'd have to pay you Rs. 230/- as a compensation. The amount may be small but they won't dare do this again.
@Nothing New Thanks for the reply. Sure will do bit need some guidance, how will they calculate the compensation amount? Will it depend on the allotment chance according to subscription rate and listing price or something else? And can you please help how to proceed with raising compliment , is there any link you can help me with?
24.5. Chhote Lal| Link| Bookmark|
June 16, 2024 7:57:12 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
@Wanderlust You got response from friends. IMO, they will come out with some excuse citing T&CS - it will not be worth spending time on any action. You should be happy with unblocking of funds. Anyways, your choice.
23. CJ ROCKS| Link| Bookmark|
June 13, 2024 8:40:06 PM
IPO Mentor (800+ Posts, 500+ Likes)
@hchc Yes sir some members are doing fabulous and exceptional stuff in the forum. Now with your regular inputs the Forum is in next level. On a lighter 😜note Pant aur Gill k aane se Rohit aur Kohli ki importance kam nhi hoti but team is more stronger now. 😎💪Same is with our CG Forum 👏
22. CJ ROCKS| Link| Bookmark|
June 13, 2024 5:31:30 PM
IPO Mentor (800+ Posts, 500+ Likes)
@hchc Yes sir 👍u r very special 👌to this forum. Your 100% authentic breaking news and Unique style of describing like that Issue Opens on 19/6/24 Issue Closes on 21/6/24. We have missed you in this forum from last few months. Hope everything is fine. Now request you to please share ur authentic news like in the past as in next 2 months more than 24 IPOs are lined up for mopping 30000 cr. in primary market as per sources. Please share ur thoughts as and when possible. Thanks in advance🙏
22.1. hchc| Link| Bookmark|
June 13, 2024 8:14:37 PM
Top Contributor (400+ Posts, 900+ Likes)
All is fine now …. Anyways many new members are doing fabulous work here …. Hope they continue to do so for all CG members