what is the link where u r seeing this subscription? I see the NSE link below where it is not fully retail subscribed. https://www.nseindia.com/products/content/equities/ipos/ipo_current_dixon.htm?cat=A
I ve been recommended by few friends to apply for Dixon. They also recommended to apply under HNI quota - told me that you will get some shares (otherwise in Retail, it will be a lottery/Luck)
When I try to apply, i can see NII - others/ RIIs/Other QIBs/Shareholders/MF/Insurance/Bodies Corp/Employees/FIIs other than individuals or Corp/Bank and FIs.
I am an individual applying under HNI. under which category will I apply. Seek your advise and guidance
210.1. BullOverBear| Link| Bookmark|
September 7, 2017 12:42:49 PM
Top Contributor (300+ Posts, 100+ Likes)
In IPO, HNI application is investor applying above 2 lacs so when u apply for 15 Lot or more at Cut-off i.e. upper band of 1766 you re automatically in HNI category.
Hope this address query
P.S. : In case of application category over-subscription- 1) For retail category allotment is on draw , while 2) For HNI category it is proportionate basis.
210.2. Venkatram| Link| Bookmark|
September 7, 2017 12:47:58 PM
Top Contributor (300+ Posts, 100+ Likes)
Apply as non institutional Investor NII (HNI''s other name)
P.S. : In case of application category over-subscription- 1) For retail category allotment is on draw , while 2) For HNI category it is proportionate basis.
Personally, this is not true. I have applied for Multiple IPOs in HNI Category and was not allotted any shares. So there is no certainty in HNI as well. I googled, but couldn''t find any concrete information for allotment in HNI category.
208. Pokemongo| Link| Bookmark|
September 7, 2017 4:07:39 PM
Top Contributor (400+ Posts, 300+ Likes)
Since the white goods sector is doing good (Whirlpool, Lyod Electric, Havells, ) i think for listing gains this IPO can be applied. Also, you can sell 6 shares and keep 2 shares to benefit from future splits, bonuses etc and thus increase your shares over long term with no risk to principal.