I can adjust the fund for approx 4 Lac for EMS IPO. How should I apply so that chances of getting allotment gets higher? Should I apply under sHNI category (1 application) and the remaining from Retail ? Experts please guide
In recent months the Regulator has introduced IPO rules - T+3. Normally IPO subscription period is for three days. Even in the new Rule IPO subscription period is for 3 days. Paper Applications are done away with . Application for IPOs is online , either UPI payment or 3-in -1 Account. in both cases, Application Amount is blocked. I am not an expert and possess requisite knowledge in the field of IPO. Just a random thought . Application and process of basis of allotment, credit of shares to respective Demat Accounts and refund of Application Amount by way unblocking, in case of unsuccessful Applicants are fully automated. In the fully automated environment, is it not possible to fix IPO subscription period for only one day. In recent days there are IPOs that are fully subscribed on day one with exception of QIBs. If only one day is fixed for an IPO, even QIBs will apply on day one.
If I don't get allotment in ipo how do I know my application was correct but didn't got because of oversubscribed or my application itself was rejected because of some error. If I know that I can rectify those thing on next ipo and applications be truly correct. Thanks in advance
56.2. MVP| Link| Bookmark|
September 9, 2023 5:08:19 PM
IPO Guru (1300+ Posts, 1000+ Likes)
This is a mystery even I'm looking for an answer. Apart from Kfintech no one provides extra information. Even Kfintech just says "technical reason", and not the exact reason. Though if one following basic rules - entering correct details, not trying to fool system by being oversmart(applying multiple bids, third party, applying at lower price), then no need to worry. Not getting allotment is most of the time pure lottery and luck.
56.3. MVP| Link| Bookmark|
September 9, 2023 5:24:29 PM
IPO Guru (1300+ Posts, 1000+ Likes)
And the simple way to know if you are applying correctly or not - just check the past allotment emails from Kfintech, if you have received the reason "no allotment due to oversubscription", you are doing good. Just keep applying same way.
56.4. Suraj....| Link| Bookmark|
September 9, 2023 5:48:33 PM
Top Contributor (300+ Posts, 100+ Likes)
You can mail to registrar with application number and ask the reason for non allotment. If their is any error in your application they will tell you. As i didn't got any SME allotment till now so few months back i mailed the registrar and asked the them about validity of my application and they gave me a proper reply for that.
@MVP Suraj also thanks I have sbi and kotak. In sbi name is Rajan Rajeshbhai Patadiya in kotak it is Patadiya Rajan Rajeshbhai. Pan name is Rajan Rajeshbhai Patadiya. I am in ipos since 2018 used only sbi just for jupiter I used kotak and I want to know truth. As mentioned I will check with registrar. No third party nothing.
55.1. MVP| Link| Bookmark|
September 8, 2023 1:18:55 PM
IPO Guru (1300+ Posts, 1000+ Likes)
1. don't have account in IDFC, but don't worry about any bank. All banks has equal chances of allotment. 2. ASBA 3. False. When you apply during the open IPO window, has no impact on allotment.
55.2. B.M.SURANA| Link| Bookmark|
September 8, 2023 1:20:10 PM
IPO Guru (2600+ Posts, 4900+ Likes)
1. No allotment in both UPI and ASBA in IDFC. Tried at least 15 ipos not even one allotment. (Proper application, not third party) 2. Your convenience. 3. It happened in my case. No clarity. So, no comment. Trying this time with first day application.
@JK KING Yes I am using idfc asba and got allotment many times and just for your information allotment mostly depends on your luck no matter which bank you use
I have idfc 4 accounts.This year I got 5 allotments through ASBA
55.6. AMIT IND| Link| Bookmark|
September 9, 2023 10:35:06 AM
Top Contributor (500+ Posts, 100+ Likes)
@JK KING Got many many allotment through IDFC Asba , I see no reason to doubt about it. ASBA is best facility.
55.7. AMIT IND| Link| Bookmark|
September 9, 2023 10:38:09 AM
Top Contributor (500+ Posts, 100+ Likes)
I mostly apply on last date through ASBA and got allotments , so its incorrect to think that last day application through ASBA dosent get allotment. About 80 % of subscription comes on last day.
@Admin @ Chittorgarh.com@Prachi @ Team Chittorgarh.com Can you please add "GMP on IPO closing day" column on IPO performance tracker page. This will help many people to analyse the performance, who consider GMP while applying IPOs.
We are talking about interview of promoters here not good but they have sold many pre IPO shares to merquee investors about 96 Crores. Find out who are they?
@MVP glad to see I’m not the only one who maintains an excel for last and refund dates😅😊👍. Works great when creating a fund chain in a barrage of IPOs.. And yes, next week looks pretty hectic with limited funds to rotate. 🤦🏻♂️
44.2. Prince 🤴| Link| Bookmark|
September 7, 2023 10:34:41 PM
Top Contributor (500+ Posts, 200+ Likes)
Seems like T+3 is implemented after retnaveer allotment 😅 now no worry about funds
44.3. MVP| Link| Bookmark|
September 8, 2023 8:17:54 AM
IPO Guru (1300+ Posts, 1000+ Likes)
May be time to update the refund dates. But registrar not mentioning that upfront and giving surprises.
44.4. Krishna T| Link| Bookmark|
September 8, 2023 10:46:15 AM
IPO Guru (1600+ Posts, 900+ Likes)
This problem will continue till T+3 as optional, will be sorted out only after Dec when this would be mandatory. Hoping dates would be proper after that.
>> Seems like T+3 is implemented after retnaveer allotment 😅 now no worry about funds.
Well, the new worry is - allotment. Agar funds hoga to bhi milenga hi nahi :) Allotment would be pretty hard and can't roughly estimate even. The days are not far where we will see 1000x subscription.
We would be playing more like block/unblock game by trying luck in many IPOs in future! Please think about good stocks in secondary market as well who can keep watch in my advice.
My target is to skip few, so that allotment chances in selected ones can be better. If we go for applying in all with limited funds, then we are just playing block unblock game.
44.6. MVP| Link| Bookmark|
September 8, 2023 11:50:36 AM
IPO Guru (1300+ Posts, 1000+ Likes)
@CASuraj Absolutely. Same strategy helped me getting the Basilic allotment. I skipped all clashing IPOs and went FF in Basilic.