Friends, Do anyone know the process to login to IEPF To file claim, Login is not working and middlemen are asking 30-50% for claim.
Tatamotors have transfered shares to IEPF for those whose dividends where not claimed for 2015-16 which was 20 paisa, and no dividend declared in last 7 years so here they became legally right but not ethical by transfering the share which is traded at 730 which is 3500 times nore precious they have made no efforts to protect the investors money,
dear Experts - can you help with list of brokers that allows minor demat account for IPO purpose? I was using all these days SBI Yono to submit thirdparty apps and its history now. Opened Prostoks minor account but that is allowing only UPI mode which means I can submit only retail application. This is where I went wrong in assuming it would allow HNI applications. Minor has savings account in ICICI that doesn't allow to submit IPO application from thier net banking facility. Now, I am back to square to find the broker who allows ASABA for minors from their demat account.
Hi @ShubhamSejpalRajkot/Mumbai - in that case, the guardian also should have an account with HDFC? I am going to call ICICI to see if they can enabling ipo via bank account by supplying demat account information as my daughter has netbanking facility already.
No My Friend it's not necessary because my all other accounts which I am holding is with Kotak Bank and AU Bank. So it's not matter that your account is with HDFC or not. Obviously there is a maintenance criteria for that like if gaurdian is holding the account in HDFC than you should have to keep AMB of 5000 Rs in Minors Account. If gaurdian account is not with HDFC than you should have to keep 10000 as AMB.
Currently I am maintaining 10000 as AMB because at end if we want to apply for 1 IPO than also we require atleast 15000 in our bank account.
So it doesn't matter if I apply 21 lots or minimum 15lots ? Allotment chances are same for all? It's like SME ipos ? If only 10 people apply 21 lots and 50 people apply 15 lots then 21 lots have better chance of allotment compared to 15 lots. Allotment ratio is better for those who applied 21lots. That's how it works in sme. Correct me if I'm wrong here.
I want to apply in SHNI. Suppose I have 5 lakhs in my bank account Should I apply whole 5 lakhs in SHNI or only 15 lots which is Rs 213300 in both way allotment chances are same or different?
Its a probability game. In most recent IPOs small HNI (sHNI) category has got higher subscription as compared to Retail category. Currently probability of getting in retail is 1/45 and in sHNI is 1/32 (this might change by the time IPO closes). If this trend sustains, then it's best to go with 3 Retail + 1 NII.
Go with option B as per my experience of last 4 years.
489. Crow| Link| Bookmark|
December 15, 2023 12:26:16 AM
IPO Mentor (700+ Posts, 900+ Likes)
Crow Verdict: I think the primary market, aided by the current bull run, is as buoyant as it's never been before. Fundamentals, business models, moats, and longterm views no longer form the criteria for IPO subscription today. Word of mouth, active institutional participation, and grey premium are all that matters. At least in my experience, and it would be foolish not to ride this wave. DOMS is one of the first birds to be brought up in this post-Tata Tech and IREDA buoyant market. The business is uninteresting, just like Flair's and unlike Cello's which has diversified from stationery business. I don't see huge prospects for DOMS but for the time being all I see kids using today are DOMS stationery.
Except for the high asking price, I don't see any major red flag in this issue. The high GMP then baffles me and makes me question its sustenance till listing. Still, I don't see any loss here, so I will apply with full force. Allotment will anyway be difficult.
Crow's skin in the game: 3 retail applications
Crow's last APPLY recommendation: Flair Writing Industries (65% listing pop with post-listing LC; currently up 25%)
It will be allotted based on lottery system only irrespective of the number of lots you apply in each application. Just apply the min no. of lots (15) in HNI category and hope for the best.
487. YBPK| Link| Bookmark|
December 14, 2023 11:41:36 PM
Top Contributor (200+ Posts, 600+ Likes)
Dear Mentors and Experts... I have really a pertinent question on IPO application. One of the reasons for IPO application rejection is mismatch in PAN and Bank account... Right? My name in Bank account, Pan Card and Adhaar card is Banva Shahbaz A Gafar, here My surname come first in my documents. But when I talk about my name in all Demat accounts, it starts with my first name i.e. Shahbaz A Gafar Banva. Will this also fall in mismatch and ultimately rejection.
I believe many people would be having this issue especially from Gujarat as we write our surname first in all documents.
I hope to get some light on it. Thanking you. Sincerely.
Ideally your bank account should be linked to PAN and if not, bank might freeze your account seeing high volume of transactions.. better to get PAN linked to avoid issues at later stage
Off the topic question to CG members sorry for that. dear members, I am holding sonta software shares in one of my demat account on Ex bonus date it was in same demat account after ex bonus date I have closed that demat account and all shares transfer to another demat account . I want to know how I can get bonus shares on my new demat account on credit date. your valuable suggestion really help to me thanks. @newgen consultancy@KAMMA SIVA RAMA KRISHNA
I wholeheartedly express sorry for my inability to answer your query as I don’t have that much knowledge of the subject. Learned knowledgeable gems may please respond n answer with magnanimity though you are not sought for. Please help.
482.3. MuStrFc| Link| Bookmark|
December 14, 2023 5:11:59 PM
IPO Guru (1800+ Posts, 1000+ Likes)
@Innocent Investor. You should have waited until the credit of the shares to close the demat account. But still though, not to miss out on the bonus shares get in touch with registrar and the company informing them about the same and with details of your new demat to receive the shares. Remember to quote your details of old demat to serve purpose of evidence in this case
482.4. Basuvr| Link| Bookmark|
December 14, 2023 5:41:54 PM
IPO Guru (1800+ Posts, 1000+ Likes)
@Innocent IPO Investor Mustrfc sir has rightly answered your query. Do send mail to registar and company with all details and don't worry bonus shares will be credited to your new demat account but might take some additional days🙏
I m new user here and in the market. I have 2 lots money . In which i should apply doms or shelter ? Please help@ipoguruneha@newgen consultancy Or i should avoid both and apply in inox ?
480. A. Rajput| Link| Bookmark|
December 14, 2023 6:31:10 PM
Top Contributor (200+ Posts, 100+ Likes)
Hello friends today I applied dom ipo with my zerodha account via phone pe but after a long time when I didn't receive mandat I cancelled application and again applied but this time through paytm UPI and again I didn't receive mandate but in evening I received auto-pay request from phone pe and I accept request by mistake and know I also received auto-pay request from paytm which is genuine request.so what to do now please help if anyone has faced same problem@Vimal Garodia
I never faced such things but since you already cancelled zerodha application mandate no use, you should accept paytm mandate which is only valid application in exchange.
480.3. A. Rajput| Link| Bookmark|
December 14, 2023 9:57:40 PM
Top Contributor (200+ Posts, 100+ Likes)
I don't have any view for long-term This company has no additional manufacturing capacity for further volume Expansion , so not more than 20% Growth Possible
It's PE Post-Issue will be around 68 I can't invest on this PE