Offtopic - I tried applied sobha rights issue from sbi asba but the cutoff price is showing rs 256 which is wrong. If anybody is using other banks can you please confirm the price showing in asba?
74.1. Chhote Lal| Link| Bookmark|
July 3, 2024 10:18:31 AM
IPO Mentor (5700+ Posts, 4000+ Likes)
SHNI will give you 2L worth of shares whereas that for retail will be 15K. Retail will have better chance. Suggest check the subscription levels on last day to take the call.
Last some IPOs having average or big size, GMP has edge over the actual listing price. Those who has sold in grey was benefitted. Be it, Kronox, Stanley, ABD.
What are you say experts, Gurus, menotrs amd other friends ?
At 30% premium its PE will be in line with all the pharma giants. Than does it have scope to be streched and listed fuerther i.e. more than 30% premium ? Can shark (Namita thapar) 🦈 in the sea bring, bulls 🐂 of the market out and make it grand ?
70.1. UjwalG| Link| Bookmark|
July 3, 2024 8:05:59 AM
IPO Guru (1300+ Posts, 600+ Likes)
See what i think is, for popular brand names the listing is mostly subdued but the institutions like very much holding such companies. They are sometimes okay with higher pe, hence you sometimes see mankind type post listing actions. So its better to not sell and play, instead holding such companies for a little bit longer would create wonders.
Hello seniors, its off topic but needed. SME ipos are not getting alloted and mainboard ipos are that much subscribed that if i have 30 retail application then also I don't get allotment. So what's the best option this time?
69.1. UjwalG| Link| Bookmark|
July 2, 2024 8:57:41 PM
IPO Guru (1300+ Posts, 600+ Likes)
30 retail app shld fetch you one or two atleast in small ipos like vraj. Do check once the kyc of all applications, and update it anyways. Because if you are not getting single one from past 3 months then there is something wrong in your method.
69.2. arunARUN| Link| Bookmark|
July 2, 2024 9:32:12 PM
IPO Guru (2000+ Posts, 1700+ Likes)
see the bHNI applications for Indegene. Nearly same. Market exists but is it attractive enough?
Dear Chittorgarh Team, Senior & Experts, Request you to help / guide me on below query for IPO application through Minor account. Till now, i used take prinout of IPO form from BSE website and submit to Bank while applying in Retail category. I want to apply in sHNI category in Emcure IPO through minor account. I want to know which option to the ones listed in screenshot.
66.2. Anuwak| Link| Bookmark|
July 2, 2024 8:11:48 PM
Top Contributor (200+ Posts, 100+ Likes)
There will be approx 9220 allottees in BHNI. To get 12x subscription, it will need 110000 application in BHNI, which is next to impossible. Also there is another IPO clashing on decent amount. So approx 7x in BHNI as per current scenario.
66.3. arunARUN| Link| Bookmark|
July 2, 2024 9:40:53 PM
IPO Guru (2000+ Posts, 1700+ Likes)
bHNI universe is much bigger than 110000. Already proven in Indegene
@arunARUN Indegene was 106k apps only. TBO which had similar GMP a couple of days later but clashed with Aadhaar was 83k apps. Given Emcure has lower GMP & clashes with Bansal, i expect something in line wirh TBO.
So BHNI should be 8-9x by apps, not more (only because of Namita factor, otherwise could be even lower)
64.1. CJ ROCKS| Link| Bookmark|
July 2, 2024 9:29:52 PM
IPO Mentor (800+ Posts, 500+ Likes)
@ElDorado For retailers 481411 forms as per my broker . @i For IPO ☑️ Please share complete info. and all the details of this IPO like you did very well 👍👏in ABDL.
Off the topic... Most of the broker open demat account for Minor. But which bank allow to use ABSA for ipo apply through minor PAN account?? What i understood, UPI not allowed for minor bank account. Please help