Select RII and fill number of shares. If you fill shares corresponding to 1 to 13 lots it will be taken as Retail. And if the shares are more than 14 lots up to 67 lots, it will be taken as SHNI. If the shares are 68 lots and above, it will be taken as BHNI. You have to fill number of shares and don't tick cutoff for SHNI and BHNI. Instead fill amount.
185.2. SamJos| Link| Bookmark|
October 6, 2022 10:38:04 PM
Top Contributor (500+ Posts, 100+ Likes)
In Axis Bank IPO application online, select category "RIIs (Individuals applying upto Rs.2 lakhs) and individuals/HUFs,Trusts etc applying for > 2 lakhs)" for both sHNL & bHNI.
Hello truinfo, I got this error while applying from axis asba by selecting NII for bid of 67 lot "this category not available for bidding for this ipo" How to fix this?
@Trueinfo Please go through BOA of Harsha then you will find clear picture where BHni Subs 74x but as Application wise is only 11.48x (Ratio 35:402) So here EMI Limited it may be go up to 12x to 16x .
183.8. Smile.| Link| Bookmark|
October 6, 2022 9:08:57 PM
IPO Guru (1800+ Posts, 1100+ Likes)
@trueinfo Retail may ok. But bHNI 35-40 sHNI 40-45. Todays gmp news will affect retail subscription. It will ~25x
183.9. SamJos| Link| Bookmark|
October 6, 2022 9:36:09 PM
Top Contributor (500+ Posts, 100+ Likes)
@Zub Select category "RIIs (Individuals applying upto Rs.2 lakhs) and individuals/HUFs,Trusts etc applying for > 2 lakhs)"
183.10. Trueinfo| Link| Bookmark|
October 6, 2022 9:42:40 PM
IPO Guru (1900+ Posts, 1700+ Likes)
@Zub, I don't use Axis bank. Using kotak and yes bank. From dropdown select, HNI / NII or Individual investor above 2 Lakhs and then in bidding, do not select or deselect cut off price. Instead enter highest bid price. Try this, it should work out.
Guys, need some tips. I recently opened a minor AU bank account and minor dmat account. But the AsBa and UPI both not possible as AU bank falsely committed me that their system allow transactions and investments/ipo on minor pan card. But now it seems they don't allow. Though I can move funds in and out using guardian account. But can't apply ASBa bhni or UPI SHNI application using minor. Any way out or trick possible?
Dear Expert In Axis bank below Option coming for IPO : Which one we need to select for SHNI and BHNI 1. FII other than individual Or corporate 2. NII others (All Entities other than QIB, Bodies corporate and individual) 3. Other QIB 4. RII (individual upto 2 Lakhs and Individiul/HUF, Trust, etc applying for >2 Lakhs)
All big, big and very big investors here in this group. Only a few talking of retail. No less than sHNI. Very big figures are yet to come. Good luck to all small and big investors. Do apply and don't regret afterwards.
What is the benefit of applying more than 10 Lakh Rs in bHNI? Will not all bHNi get only min Lot in HNI catagory with lottery basis in case of Over-subscription?
180.4. pRACE| Link| Bookmark|
October 6, 2022 4:32:43 PM
Top Contributor (200+ Posts, 100+ Likes)
applied 5 retail apps in each 5 different account, as usual....
@ IPO Gyaan There is no use of posting retail figures. If we apply one to thirteen lots, it is as good as one lot in retail. Generally retailers apply for one lot only. This figure never attracts anyone. In school 1 is important. It's 1st position. Have a beautiful evening.
180.6. SamJos| Link| Bookmark|
October 6, 2022 9:24:38 PM
Top Contributor (500+ Posts, 100+ Likes)
@ChangaSi You go through BoA of previous IPOs or go through my previous posts, then it is self explanatory.
179. aRYANrAJ| Link| Bookmark|
October 6, 2022 7:44:41 PM
Top Contributor (600+ Posts, 100+ Likes)
Me and my wife both have same mobile number linked to bank and demat hence same UPI id so can it lead to rejection? I used ASBA earlier but bank has put account on restrictions as I applied as HNI in SME IPOs crossing 50 lacs annum clause.
179.1. ℙ𝕣𝕠𝕗𝕖𝕤𝕤𝕠𝕣| Link| Bookmark|
October 6, 2022 8:58:09 PM
Top Contributor (600+ Posts, 200+ Likes)
Make your and yours wife's UPI I'd different from the UPI app ie if u have account in bank of india the. Make your UPI I'd from BHIM UPI app eg.husband@upi and create your wife's UPI I'd as wife@boi from the boi UPI app It's simple
Note- The UPI IDs mentioned are just for an example and may/may not belong to anyone else
179.2. svh| Link| Bookmark|
October 6, 2022 9:08:04 PM
IPO Guru (2600+ Posts, 3700+ Likes)
which bank is putting such restrictions ?
🙏👍
179.3. aRYANrAJ| Link| Bookmark|
October 12, 2022 3:56:06 PM
Top Contributor (600+ Posts, 100+ Likes)
@svh PNB has put restrictions. They asked to convert to Current or close account. Currently account is in cooling period till next quarter. Even ICICI had sent email for closing account but sorted out later by doing fresh KYC and giving ITR as income proof.
178. KAPPO| Link| Bookmark|
October 6, 2022 6:26:57 PM
IPO Guru (1200+ Posts, 800+ Likes)
GOING WITH 43 APPLICATION LET'S SEE KITNA MILTA HAI
IPO HNI Experts please suggest Retail Quota is 35% and HNI - 15% What is the advantage of applying in BHNI when quota is less? If i apply for 67 lots will i get minimum 1 lot or 14 lots? Please explain. Thanks in advance
176.1. jay here| Link| Bookmark|
October 6, 2022 2:30:18 PM
IPO Mentor (800+ Posts, 700+ Likes)
Benefit of applying under BHNI is less applicants than other quotas.Chances of BHNI to get an allotment is almost near 1/10 in good ipos of around 500-700 crores.So Bhni has always upper hand in term of allotment..In bhni either you get 14 lots or 0. Hope it helps.
Applied 79 lots x 2 application Trying to experiment if greater than min lot helps
172.1. IPOGainers| Link| Bookmark|
October 6, 2022 6:35:55 PM
Top Contributor (500+ Posts, 100+ Likes)
Not really even it could be riskier in case there are not sufficient apps to participate in lottery. This will be out of lottery itself in that case. So, always better to apply in min lot size category.
GMP upto even 10-12 is not that bad looking into the price range. About 20%.appreciation not bad. Specially sHNI. Something is better than nothing. Still any doubt need not apply. MANTRA : "Suno sabki karo man ki".