Dharmaj Crop Guard Limited IPO Message Board (Page 15)

20-30 years back, we used to apply with cheques. No ASBA. The refund cheques used to come by registered post. Then, electronic refunds started. Even few years back, amounts were debited for all applications and refunded for non allottees.

@elon rusk,

we used to fill the application & submit them at the designated bank which were mostly located in the cities, after a few days allotment ratio would be published in the newspapers. we used to receive shares in physical format by reg post

@Alon
This was very very difficult and tiring work to apply in an IPO and wait for allotment. The procedure for applying, allotment and refund used to take 3 long months. Refund by cheque. To sell through a broker who sell shares in share market by crying. Delivery of share certificate and to send to the company for transfer. If the signature of share holders differs, it is bad delivery and so on. Difficult to describe here. There after the shares were demated and again long procedure. There after share application to be deposited with cheque, clearing and all. It took long to come into present systems. ASBA and 15 days for completion of all procedure. I have gone through all these eras. This is a very short story. Hope you will get something out of it.

There was one system started by banks that was called "Stock Invest" in year 1993 wherein bank issue an instrument called "Stock Invest" blocking money in the account of applicant and issued in any denomination just like 'banker's cheque'.

The IPO applicant attach such Stock Invest instead of cheque or draft without moving money from his bank a/c. If allotment is done Company gets it cleared just as cheque. In case of non-allotment, Company returns said Stock Invest to applicant and he submits to bank and gets fund unblocked.

Average subscription may be because listing is on election result day.

@Harsh, I only have two accounts.

@harsh, also i have enough funds for 2 bHNi.

Even i want to know whether got for Small HNI or Big HNI since i have funds available

Go for bHNI . Allotment chances will be more in BHNI than sHNI .

@Nithin.... bHNI will almost always be better than sHNI as in case of oversubscription both are allotted shares worth 2 Lakh, but since bHNI application is for min 10 L, the over subscription figure displayed is 5 times over the actual no. of applicants approximately.
Whether Retail is better than bHNI or sHNI will depend on final subscription figure but usually in heavily subscribed issue, it has seen that retail has a better chance of allotment than sHNI and bHNI has better chance of allotment than both retail and sHNI.... But then in retail you get shares of only 15k worth while in HNI you will get shares worth 2L.
In summary, if you have funds and the IPO is lucrative and heavily subscribed, you should always go for bHNI for best chance of allotment

Thanks for the reply @Justalearner.
This year I have got 0 allotment in this year in bHNi category till now. So I was still evaluating if i should go with retail or bHNi.

Anyone??

A related question is this:

If I have 10,000 in my savings account and 5,000 as sweep-in FD. This FD breaks whenever there is a demand for more than 10,000 either through check or debit POS. And if I apply for an IPO through ASBA or UPI, will it be honored?

Yes we get interest on blocked amount

crow call urs relationship manager.

I have calculated interest rate on saving a/c, we get it precisely, what it shud be

@ARCA
I think yes.getting interest on blocked aana funds,,, don't know about upi
I never tryed upi

Untill and unless money is debited, one gets interest irrespective of asba or upi.

For ASBA amount, interest is calculated, but not sure for UPI

Upi is also asba technically. It's just a method of accepting application. Therefore, we get interest on both ASBA and UPI as only a lien is created and the money is still in our account.

UPI se apply karne ke liye aapko broker ke through apply karna hoga and waha pe UPI ID mai aap axis Bank ka upi id daal dena then accept the request

There is no option for applying ipo in axis bank app.

THANKS BRO...

BRO PLEASE HELP AGAIN.... I PUT REQUEST THROUGH MY BROKER... AB NEXT KYA KARNA HAI.... MANDATE REQUEST NAHI AAYI ABHI TAK APP MEI....

Axis direct ring se apply karo

MY BROKER IS RELIANCE SEC.. I PUT THE IPO REQUEST THERE WITH RELIANCE APP TICK PRO...