@Raavi Are you using it for minor account. I got 2 diff CIF from bank. One mine and other for child. While doing ASBA registering using website, the CIF shown is still mine. If I do ASBA registration, I get an error "First holder PAN card number not valid.".
@Guptajiiii Mera 1 Hi CIF ID hai Usme meine Minor ka Account Joint Kiya Hai NET banking mein Minor Account add kiya hai muje koi issue nahi aa raha hai aap 1 bar bank mein check kijiye minor ka pan update kijiye
Subject to sauda is the price the buyers pays to buy the entire IPO application from the seller only if he receives the allotment. However, if the seller does not receive an allotment of shares, the grey market transaction is cancelled.
Source : investorgain
116. CJ ROCKS| Link| Bookmark|
July 4, 2024 2:01:32 PM
IPO Mentor (800+ Posts, 500+ Likes)
#JustIn | #NSE puts cap on opening price for SMEs on listing day
Puts overall capping up to 90% over issue price for SME #IPOs
NSE Says price control cap of 90% shall be applicable only to #SME segment
Circular will come in force with immediate effect July 4, 2024
Dear esteemed members, I am new to applying for SME IPO's in particular. Have so far only applied in retail lots for Mainboard IPO's. I have started to apply for SME IPO's, but haven't got any allotments so far. Realised through a lot of reading on this site and it's comments that I have probably been making mistakes in the way I apply. For this IPO I request for members opinions before I make an application. Could I bid for 1 lot (Retail Min), 14 lots (Retail Max) and 15 lots (S-HNI Min) in one application via the Bid 1, Bid 2, Bid 3 option? I have only one account and one pan number available. Your learned opinion will be highly valued, Thanks!
113.1. UjwalG| Link| Bookmark|
July 4, 2024 1:09:43 PM
IPO Guru (1300+ Posts, 600+ Likes)
If you have only 1 pan and fund of shni, then go for shni. Shni gives 15 lots if selected. Allotment is tough in this category. Retail wether you apply 1 or 14, you will always get 1 lot in oversubscribed ipo. So better is just 1 retail application. Now bid1,bid2,bid3 is an irrelevant option in oversubscribed ipo. You just fill bid1, thats it Ps- now you would have a que, why bid2, bid3 options are given? These options are used when the total subs of any ipo is less than 1x. In that cases company sometimes allot at lower price than upper band .
NSE Emerge Introduces Capping Of 90% on The Opening/Pre-Open Price In SME* Segment Now No SME Can List Above 90% From Today (4th July)
It was a much needed move
111. MAPatel| Link| Bookmark|
July 4, 2024 1:04:04 PM
Top Contributor (300+ Posts, 100+ Likes)
Dear CG Members,
I am facing an issue in ASBA appcation submission in Bank of Baroda & Union Bank net banking. Are any other have the same issued in BOB & Union bank today ?
Somebody told in the group that RBL bank provide minor saving account with net banking facility but when enquire from their term and condition digital account can be opened above the age of 18 yrs. I am in rohini delhi can anyone send their executive no to enqire which account is for minor with net banking.Anybody using RBL bank saving account please reply.
109.1. Chhote Lal| Link| Bookmark|
July 4, 2024 11:40:34 AM
IPO Mentor (5700+ Posts, 4000+ Likes)
@Hiren rock Do banks put any limit in savings bank account for the purpose of applying in IPOs (mainboard or SME) 🤔 AU Bank should not be any different!
With due respect @Chhote Lal bhau, apparently, some banks do put a limit on how much we can apply for an IPO. That is what i read in this forum some months back..
Last 2 months, i didn't get any IPO (Main & SME), I was applying by ASBA. It's my humble request to all, please guide me if anyone know the process of lottery system, on which basis they issue/pick application for lottery system (Application No or PAN No.) or any other ways.
I also want to know which one is good while applying ipo (UPI or ASBA)
Multiple applications from different accounts is the only Mantra I know to increase "Chance" of allotment. There's no guarantee. Or else, apply in lower subscribed IPO with FF to get at least one allotment, even that is based on luck.
107.2. Chhote Lal| Link| Bookmark|
July 4, 2024 11:11:21 AM
IPO Mentor (5700+ Posts, 4000+ Likes)
@Rajesh Pithadia Keep applying, you never know which one will be your lucky day.
In a draw of lots, all valid applications are assessed and basis is not dependent on any specific credential/s. It is sheer luck that some people get allotment and others don't.
Both ASBA and UPI are good. In UPI mode one gets time till 5pm on last day to approve the mandate. However, UPI can not be used for amounts more than Rs 5L. Personally, I prefer ASBA mode for ease and hassle free experience.
I'm applying since 3 years, with 3 retail applications in most of the SME ,Mainboard IPO which has little bit GMP. No allotment in 300+ SME. Allotment I got is of Vodafone Idea, Akme trade only (Retail 1 lot).
@Rajesh Pithadia 1. Apply from as many Acs as possible. 2. Apply for the munimum lots in each category in mainline IPOs.. 3. In SME IPOs, apply for the maximum lots from as many Acs as possible..
UPI is still buggy and ASBA is stable.. In ASBA you get less time to apply, in UPI you can wait upto 5 P.M.(can apply upto 5 lakhs only)..
Lastly and importantly, it is just lottery in oversubscribed IPOs, so, just fill it and forget it..
107.5. DEVBULL| Link| Bookmark|
July 5, 2024 8:12:03 AM
IPO Mentor (600+ Posts, 200+ Likes)
@Rajesh Pithadia Lottery system on random basis. Anybody can get at any time. It is purely on luck only. Try to increase the number of applications using the demats of family members. Keep on trying.
Is there anybody who is apply ipo through indian bank asba, because i am not able to do it, it always shows Customer threshold limit is zero. Contacted with branch but no solution.