I opened my minor daugter's demat & trading a/c in sept'23, that time they didnt ask to open guardian account.. If that's what you say then they must have changed the rule regarding this.
17. Prince 🤴| Link| Bookmark|
June 13, 2024 1:53:45 PM
Top Contributor (500+ Posts, 200+ Likes)
Do I need to open a parent account in Prostock to open a minor's demat account ? @Admin @ Chittorgarh.com
No Sir, You can directly open demat+Trading a/c in prostock for your minor child. I too have a demat+Trading a/c for my minor daughter in prostock.. Application & Everything related to that will be done online. Its very easy.
17.2. Prince 🤴| Link| Bookmark|
June 13, 2024 2:46:11 PM
Top Contributor (500+ Posts, 200+ Likes)
@Silky Sir, आप minor के लिए कौनसा बैंक इस्तेमाल करते है और ASBA से केसे minor accounts से apply करते हैं, मुझे भी 2 minor account open करने है यदि आप बता सके तो.... शुक्रिया.....
Yes you need to open guardian account before opening minor a/c now in prostocks, i myself filled all the forms along with the requisite fees of Rs.1000 after which they called me up and said that gaurdian a/c is necessary for opening minor account.
@Yaaro Ka Yaar Thanks sir, To open a minor account, it is necessary for the garden to have an account with HDFC and how do you apply for minor IPO through ASBA, and What documents will be required to open a minor account in HDFC?
@CRF KOTA I was not having gaurdian account initally so they created two customer id, i was allowed to login through 2nd customer id which was of gaurdian though i wasn’t having bank account of gaurdian.
@Jaydeep from Rajkot One has to be a member for 180 days to have that option. You will have it in a few days.(i can see you are a member for 180 days)...
14.1. CJ ROCKS| Link| Bookmark|
June 13, 2024 1:07:26 PM
IPO Mentor (800+ Posts, 500+ Likes)
@Ishq With Risk Doing great 👏job bro. like @hchc sir did in the past. As everybody in the forum is eager to know which IPOs are coming in near future.
14.2. hchc| Link| Bookmark|
June 13, 2024 3:53:12 PM
Top Contributor (400+ Posts, 900+ Likes)
@Mr. Singh is absolutely right here. Reply to @SK Mali question, if Subscription figure are same in the both SHNI and BHNI, then the chance of allotment is almost same in both SHNI and BHNI (If I ignore other small factors). But still I feel SHNI has a slightly edge in this situation as You can get more than one allotment in SHNI if you are super lucky. Moreover, the above situation is very rare in which SHNI and BHNI subscription are same. Generally BHNI subscribes at least 20%-30% more than the SHNI. Hence in this case also, SHNI has advantage getting the allotment.
As per DRHP filed by Ashirvad micro finance, is there any SH quota, on some website it says Manappuram finance is parent company? Is there any SH quota and can we still buy to be eligible?
@Chhote Lal Sir thank you for assisting in Bajaj ipo, pls assist here
Is there same chance of allotment, if we apply 5 times from SHNI category or 1 time from BHNI category and subscription figure are same in both situations.
@Mr. Singh Sir, what you said makes sense in terms of higher number of applications (5 lottery tickets are better than 1), however in most IPOs, bHNI quota is double of sHNI plus in oversubscription scenario, bHNI get same lots (worth over 2L) only hence net subscription (amount wise) gets divided by 5. In my view, bHNI usually has better chance of allotment compared to sHNI
10.3. Mr. Singh| Link| Bookmark|
June 12, 2024 9:48:29 PM
IPO Guru (1000+ Posts, 600+ Likes)
@Chhote Lal You are wrong. Take example of this IPO and 5sHNI has 5/95 = 1/19 chance. 1bHNI has 5/117 = 1/23 chance. So 5 sHNI is better than 1 bHNI.
Anyone who whenever applied in bHNI may share their experience of allotment.
10.5. Mr. Singh| Link| Bookmark|
June 12, 2024 11:18:50 PM
IPO Guru (1000+ Posts, 600+ Likes)
Numbers I gave are for Ixigo.
10.6. Chhote Lal| Link| Bookmark|
June 13, 2024 12:07:25 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
@Mr. Singh Thanks for your response. Ok, I may be wrong here. But - there are other factors too which will come into play, like : oversubscription in terms of number of applications and quota available for bHNI v/s sHNI.
10.7. Basuvr| Link| Bookmark|
June 13, 2024 1:44:53 AM
IPO Guru (2000+ Posts, 1100+ Likes)
@SK Mali Definitely allotment chances of 1 BHNI are better as compared to 1 SHNI, but we cannot directly compare allotment chance of 1 BHNI vs 5 SHNI applications. If you are lucky you can get allotment in all 5 SHNI account or nil. It all depends on luck. @Mr. Singh If allotment chance in SHNI is 1 out of 95 then with 5 SHNI applications it comes to 5 out of 475 and not 5 out of 95.
@Chhote Lal Ji.. You have rightly said.. Bhni have better allotment chances..in most of cases..!! @Mr. Singh Sir.. Your calculation regarding shni allotment ratio of 1/19 is wrong..!! Mr @Basuvr Is right..!!
What he meant is. In Ixigo, SHNI has 95x sub. So if someone applies 5 SHNI. It's like 100÷95×5 = 5.26% chances of getting an allotment. Where as in BHNI it was subscribed 23x application wise. So it someone goes for single application. 100÷23×1 = 4.34 chances of getting an allotment.
So ya 5 SHNI will always have more chances but thing is not everyone can have 5 accounts. And sometime luck plays a factor so percentage won't favour you there.
10.10. Mr. Singh| Link| Bookmark|
June 13, 2024 9:06:37 AM
IPO Guru (1000+ Posts, 600+ Likes)
@Basuvr@diwan kapoor Can you take basic probability classes near to your place or online.
@Mr. Singh@Chhote Lal@Basuvr@diwan kapoor@HumorHedge Lets end this debate with the answer of chat gpt. ChatGPT If the subscription figures are the same in both situations and the BHNI quota is double that of the SHNI quota, then statistically, you would have a higher chance of allotment by applying once from the BHNI category rather than applying five times from the SHNI category.
@Mr. Singh I am getting full allotments as par my expectations & equation in ipo's from since last so many years.. So I do not require any basic probability classes.. Here so many years means since last 35-40 years.. !! So please use your knowledge for self welfare. By the way thanks for your suggestion..!! This is the main reason that most of the seniors avoid giving their views here..!!
@Mr. Singh is absolutely right here. Reply to @SK Mali question, if Subscription figure are same in the both SHNI and BHNI, then the chance of allotment is almost same in both SHNI and BHNI (If I ignore other small factors). But still I feel SHNI has a slightly edge in this situation as You can get more than one allotment in SHNI if you are super lucky. Moreover, the above situation is very rare in which SHNI and BHNI subscription are same. Generally BHNI subscribes at least 20%-30% more than the SHNI. Hence in this case also, SHNI has advantage getting the allotment.
BHNI used to be pretty less subscribed 6-7 months ago so chances were better there but these days it’s subscribed too much so 5 SHNI gives better probability than 1BHNI.
Dear All - Mathematically, whether you apply 1 SHNI or 5 SHNI or 100 SHNI, the probability of each application is 1/95 as each application is an independent and unlinked application. Hence, strictly mathematically speaking, 5 SHNI doesn't make it 1/19 - have seen this basic probability concept often being misunderstood and misrepresented on CG forum.
@Chhote Lal Ji - These days lady luck has way too many wooers.
Hoping its shining bright and often on you - keep minting!
10.22. Chhote Lal| Link| Bookmark|
June 19, 2024 12:55:45 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
@NeoLongus Divine Blessings or Lakshmi ji di kripa saryaan te har vele rehna thoda mushkal hai, but no complaints - one gets what is deserved. Thanks 🙏
9. svh| Link| Bookmark|
June 12, 2024 7:18:19 PM
IPO Guru (2600+ Posts, 3700+ Likes)
What a blunder made by JM Finance for Bajaj Finance ! ! ! 😁😆🤣 How COPY PASTE work is injurious for wealth.😁😆🤣
JM Finance is the common LM in both the IPOs. FedFina & BAJAJ Housing Finance
#Page 427 of DRHP of BAJAJ Housing Finance --> Share Holder Reservation Column⬇️
By mistake it is written Federal Bank shareholer reservation ⬇️😁😆🤣
[ Just For Info > Bajaj Finance/Finserv > EX Dividend Date : 21/6/24 ][ Buy early to take the benefit of Dividend too ]