I never applied sme ipo till date, now accent microcell is in great demand, should I apply? The funds will be unblocked before Doms ? Is sme ipo funds are unblocking on time ? I will apply through hdfc asba
338.1. Heathslayer| Link| Bookmark|
December 12, 2023 12:07:36 PM
Top Contributor (300+ Posts, 100+ Likes)
Accent allotment is tomorrow. so funds should easily get unblocked on 14 itself.
SME IPOs are far riskier than main IPOs. If you are able to take risk then go ahead and apply. Also you have to sell in lots not few shares.. In bad market conditions there is a chance of lower circuits for days!!
Funds should be available for DOMS.
Blocking and unblocking depends on banks and registrars not on type of IPOs..
@newgen consultancy Sir off topic.. today pushed sell button in spectrum.. booked 63000 around loss per lot..I had 2 lots.. please suggest where can I invest this money to get some fast recovery..
I am holding Netweb since ipo ,30 share only .IREDA i didn't buy as it was listed at price where I couldn't not see any upmove for atleast next quarter however I proved wrong.
What your exit plan for Netweb or holding for long term
332.3. IPOTraders| Link| Bookmark|
December 12, 2023 10:29:33 AM
IPO Mentor (800+ Posts, 400+ Likes)
@Paymzia Both the stocks I have taken post listing, Now pl share your exit strategy.i I can also keep both for long term if good.
332.4. Paymzia| Link| Bookmark|
December 12, 2023 10:34:12 AM
IPO Guru (2700+ Posts, 4700+ Likes)
Members, It's not possible. The reason is that the exchanges are closed on Saturday & Sunday and the allotment cannot be finalized without exchanges approval. So even if everything is ready on Monday (18th morning). It will still take a couple of hours for exchanges to approve it and then the company board need to approve it before registrar sent it to banks for allotment/unblock.
So if things goes exactly as stated above then also 90% chance that most of the banks will unblock the fund only after the cutoff time of 3/3:30 PM. So please plan accordingly.
@Jai Jai Pratap , RR Kabel allotment was finalized on Saturday and many of us received debit message on Saturday night. So technically it is possible to finalize allotment on Saturday. But, with Kfintech being the registrar - I would say it is highly unlikely as @Basuvr said.
@Marwadi IPO In this page registrar is mentioned as Linkintime.
328.9. Smile✍️| Link| Bookmark|
December 12, 2023 9:02:20 AM
IPO Guru (1800+ Posts, 1100+ Likes)
I am taking few risk of distributing available fund in Doms and India Shelter. If any one with early allotment "balle balle" if not will consider Inox is not in schedule.
327. MAMU| Link| Bookmark|
December 11, 2023 11:43:46 PM
IPO Guru (2000+ Posts, 1200+ Likes)
As per SEBI guideline, for applying ASBA, your PAN mentioned in the application should match with the PAN linked to your Bank account. Please link your PAN with your Bank account before 01.12.2023 to avoid Rejection of ASBA application on Third Party ground- Punjab National Bank
I received this msg from my bank so it's clear third party asba are invalid I think UPI third party still valid if anyone have another information about this topic plz post their comments @newgen consultancy
Any reason why retail is only 10% in this IPO ? What i was aware is - 10% in Retail is under following 1) If issue size is 150 crores and less 2) Company is loss making
However this 2 conditions do not seem to apply here..
@Market Advisor I have also tendered 10 shares, till now no msg received neither in traded window. Still showing hold. Is there any other option to check.
Even I haven't received any official email or text yet. I had tendered 57 Shares and I had received eligibility email of 9 Shares before buyback process commenced. Not sure what's happening. LinkInTime Portal is also not showing any update.
Guys I have applied for IRCON OFS via zerodha and selected cutoff price. Still the shares are not credited to my account and no money has been debited till now. is there any problem or when would shares be credited?
In ofs cut off price for retail is clearing/settlement price of non-retail quota which is 158.05, but clearing price for retail is 158.70, so u have not been allotted ofs shares as ur order has been placed as 158.05