Ekennis Software Service Limited IPO Message Board (Page 3)

he will put equal to total issue size

@k.atar. No need to wait. He will say 'may apply'.

Ok Noorul Sir,, noted very well.
But in between 1st to last day of this ipo, please suggest then what stance should we take.

Some shares only trade in circuits and hence become operator driven due to volume .... odds of getting allocation may be comparable to winning prize in raffle

@k.atar.. its a no brainer IPO. Just only 250 lots available.. very tough to grab one. IT company from a hub of IT (banglore) always a fancy bet.

Dear Noorul jee.
Today some action seen in Precision metalicks.
Please share your views in this regard and any block deal. Otherwise someone buying.
Please advice.

@Dharmender.. The only gud thing happened to precision was its listing.. subscription was also not that enthusiastic. People entered at 75, 71 and 65 all are waiting to exit. If somehow price reached there.. again we will see profit booking..
So better a put stop loss of 51 at this moment.. and increase your stop loss price with increasing share price.

Avoid rating from @ Dilip Davda.. special thanks to him.

Overprice and nothing special about this company,
however small issue, listing pop will be there, but who will hold this company for the long term?

@Jai Mata Di,
thanks and well noted. your note on company growth is very important point for me.

Thanks

Just one word, apply or avoid?

@lokesh your opinion also required here please.

@MRavi sir : regarding asba
Can we apply in IPO with NRE account or we need to apply only through NRO or ordinary bank account?

Thanks in advance.

I would apply for sure , since i got my huf also opened will be applying 5 retails applications.

Arca can you help us understand the benefit and requirements of HUF... thanks brother!

@blick sure

1.Benefits is one more chance of getting allotment
2.Tax benefits as it is considered as separate person(basic exemption limit of 2.5 lakhs)

Requirements
Main requirement: you should be married or apply in your parent name.
1. First prepare huf deed /affidavit in a stamp pamper get it signed from a notary public (you can simply go to him with your family details like pan & aadhar, he will be having all format and stamp paper , he would charge you around 250-500)
2. Apply for pan using your huf deed copy and also attach karta (family head)&coparcener (other members) pan& aadhar (first i didn't submit these two then later he asked these details i have to send , so don't make that mistake).
3. Open bank account of your wish ( my suggestion is open which has upi & net banking).pnb does not have UPI.
4. Open zerodha demat account by filling physical forms (sample file is there with zerodha itself so easy).

It will easily take around 30 days
1. Notary -1 day
2.pan -5-10 days (you don't have to wait till physical pan use epan copy for both bank and zerodha)
3. Bank - pnb (worst service it took 1 month each employee went on leave😑 in turns and so it took that long)
4. Zerodha - 10 days

Estimated cost - 350+120+500= 970Rs

Thank you :)

@Arca...Thanks for sharing HUF information.

I tried that in a few SME IPOs.
But have not got an allotment.
Need to see others' replies.

I tried all combination but not succeeded till date.

@bhumika
&
@K.atar
It means that, doing this will waste my efforts and block my money unnecessarily.

@Vibhor :- Your application MAY BE rejected on technical grounds, which says
"Applications submitted by Retail Individual Investors using third party bank accounts or using a third party linked
bank account UPI ID"

If you can take the risk of rejection you may apply from 3rd party, and if you don't want to take risk, you should apply from accounts of individual members

SAME HERE BRO.. But little bit confused to apply or not..... Any Suggestions

Yes 3rd Party ASBA is valid and I feel is the best and the quickest way to get refund in case of non allotment.
I have been applying in all SME IPO through this route only,

* correction.
I meant bank ASBA.
I Apply directly through banking channel.

@Aditya ji
Applications will be a valid one. But, the question is, have you ever received an allotment of SME applying from different bank account(person A) and different demat(Person B)?

@Anari Investor
If this is going to be the case. Then, I will apply through UPI or ASBA of same person

Vibhorji, I had understood your question, that is why added a correction on my answer.

I haven't applied from different bank account, so no comments from my side in this one.

@Vibhor Saxena , SBI and yes bank asba allow to add 5 names of different demat account.

Yes.It works. I got allotment by 3rd party bank asba in Maruti interior SME.

@rupa
Which bank ASBA you use?

maybe because of 2.88 cr issue size......

Yes!