Dreamfolks Services Limited IPO Message Board (Page 22)

Plz explain what is kostak and subject to ?
Thx 🙏

From a low risk investor, is it right to accept mandate of Dreamfolks services for listing gain, is the chances of market fall little bit in upcoming week? Thx

Thank you

I don't think you can increase once submitted.
Please call customer care, they may help.

@SuneelP.. I think one can increase the lot number in HNI applications as there is no separate option of sHNI and bHNI while applying. Initially I had applied for 67 lots but later modified it to 69 lots.
Are you sure ??

@Avenue, I couldn't do it with hdfc securities. It depends on broker to broker. When I called customer care, they told it's not possible...that's the reason I told to customer care as this changes broker to broker.

@Avenue, any particular reason, why you applied 69 instead of 67 lots? I think allotment lottery chances aes same in both.

@samjos...No technical reason. In Syrma I applied 4 bHNI and got Zero allotment, just for change applied for 69.

I am also curious to know in Syrma IPO,
Why did 3 guy apply for 136340 share, knowing well that they will be a part of lottery 1/3 only for 14 lots and moreover will not get any allotment if they are only applicant for that size.

Because the subscription that you’re seeing is amount wise, whereas allotment happens application wise.

If quota is 100cr and subscription is showing 10x, it means it has garnered 1000cr, but no of people who have applied might be different.

@Shekhar...

bHNI 40x times means issue has been oversubscribed 40x amount wise, not application wise. Application wise sub is always less as many people apply bigger lots.
Application wise data is not available anywhere, but if you understand the amount wise sub chance you will get some idea.

Take a simple example:
bHNI available 100 L
bHNI minimum allotment 2L, BHNI minimum application 10L

Now if bHNI is over subscribed 40x time, means Total amount of bHNI bids is 40 x 100L = 4000L
4000 L can be total application amount of maximum 400 bHNI applicants for 10L.

So no. of bHNI applications required to make subscription 40x = 400 maximum
bHNI total to be distributed 100L, and out of which 2 Lac will be allotted to maximum applicant, which here will be 100L / 2 L = 50 applicant.

50 applicant will get 2L allotment out of 400 people which makes it 1/8.

This is the ideal case where bHNI apply only with minimum required amount of 10L. But in reality many applicant apply huge no. , so application wise subscription is always less than amount wise subscription.