I can apply in BHNI category in this ipo because I have heard that if you apply in BHNI category then there will be sure shot allotment i.e I will get proportionate share or can I apply in 4 shni category which is better as I do not got allotment in previous ipos what's the strategy I have to follow. Please guide me member as I am new to this segment. I have never applied in BHNI category
170.1. Paymzia| Link| Bookmark|
December 7, 2023 2:33:28 PM
IPO Guru (2700+ Posts, 4700+ Likes)
Who said sure short allotment in BHNi? It is also lottery Compare to shni here competition less. Anywhere shni or bhni oversubscription Lottery
Allotment is depends upon your luck that's it
170.2. Redhu Jind| Link| Bookmark|
December 7, 2023 2:35:43 PM
Top Contributor (400+ Posts, 100+ Likes)
All strategies depends on Subscription figures. (whether to apply in bHNI or sHNI). and sure shot in any category is only when subscription is 1 times only.
if its 2 times or more, it will be lottery system.
see the subscription figures upto 3 pm on last and apply accordingly.
ADMIN@ क्या अब इस फोरम पर कोई अपना संपर्क नम्बर दे सकता है? क्या अब हम किसी शेयर खरीदने बेचने की राय दें सकते हैं? यदि नही तो आप सभी पोस्ट की जांच नहीं कर रहे, ध्यान दें यदि हां तो भविष्य आपका आपके हाथ है
@MuStrFc If I intend to apply in hni category which price I get Ircon Share Currently accumulated price in bse 154.07 Is it wort to apply for 4 to 5 % gain Please suggest
164.5. MuStrFc| Link| Bookmark|
December 7, 2023 12:13:30 PM
IPO Guru (3000+ Posts, 2400+ Likes)
@SKalyan Indicative price as per over subscription is already above floor price, better to bid above floor price, i.e. around 155-156 to get allotted and grab that 4-5% quick gain, if really inclined towards OFS.
If there is not much of an hurry i would prefer to buy directly through the market route and hold for some time, in my personal opinion
Please experts is there always better chance of allocation in non retail than retail? if i apply for ofs in the last time 3:29 in non retail today how can i know the clearing price? please help
Thankyou for your detailed reply I am thinking about short term play. When will share available for trading purpose !
In retail section share allotment on price priority basis but how price discovery in hni category ? 1 avg rate or price settlement in different manner 🙏
164.8. MuStrFc| Link| Bookmark|
December 7, 2023 1:24:30 PM
IPO Guru (3000+ Posts, 2400+ Likes)
@SKalyan Shares would be available for trade by T+1 or max by T+2 days.
Since non retail or HNI is getting oversubscribed as well, the allotment will be done on proportionate basis as per Price Priority, meaning 1 avg rate will not be used and to get allotment better to bid higher than indicative and floor price. Means it will be better to tick on market-price during OFS application
First time im going to apply through SHNi category. Do i need to apply it through upi or through ASBA? And can i apply for retail and SHNi catorgory from same pan? Thanks
163.1. Paymzia| Link| Bookmark|
December 7, 2023 12:54:17 PM
IPO Guru (2700+ Posts, 4700+ Likes)
Only one retail or shni
Al the best ASBA best ,you can apply through UPI too
Off Topic IRCON OFS opens today for Non Retail and tomorrow for Retail. Members who track IRCON may share their opinion for the benefit of fellow members.
161.1. MuStrFc| Link| Bookmark|
December 7, 2023 11:47:04 AM
IPO Guru (3000+ Posts, 2400+ Likes)
See today's price action, the 10% discount gimmick is already eroded, stock is trading near the floor price. More on this :
Yes last day for TCS buy back. To surrender the maximum shares under retail limits. Now chances of appreciation is good in TCS. Not going to behave like last time. This is all in terms of market conditions. Adani Group again going great. To book some profit is also desirable. Power Grid, Eicher and BEL looking very attractive. Even CSC Bank is also attractive. Syrma also looks good. Always take your own decision.
**OVER COMMITMENT IS NEVER SO GOOD**
Eating "Tata Salt" from long time but Tata Technologies did not give allotment to me and my wife. It happens.
@Manikj Yes eating Tata Salt, so taken Tata Chemical. Tata Salt is a product of Tata Chemicals and not Tata Consumers. Got 1/1 retail in TTL in my daughter's account. Have a nice time.