Congratulations guys for allotment. If market remains stable then we can expect positive listing in it. Company, financial, management are decent and can be portfolio stock in small quantity. Valuation is little concern in uncertain market.
Disclaimer: I haven't applied and will keep it on track post listing.
Looks like they have allotted at least one lot to all the retail applications.. have applied for 1 lot in 10 application and got 1 lot in all of them 10/10 (1 Lot)
Has any applied for more than 1 lot in retail category? Did they received complete allotment or partial allotment... would love to know that to understand the allotment basis
got 1/1 retail lot I guess listing can be 660-700 if market sentiments are good it will be more as companies like delivery listed at premium and gone up to 20%, so this company is far better than delivery in financials and valuations. it is a portfolio stock which will give returns in upcoming years for sure
100 % allotment to me..... 4/4 applications...out of which... 3 were normal upi applications... 1 3rd party upi application..... .i guess 3rd party upi works.....
e mudhra ipo ka grey market kyu nahi chal raha Pehle to samaj aaya ki market negative tha abhi to thoda market positive hone ja raha & venus, paradeep ki decent listing hue hai Us hisab se ye ipo ka bhi kuch to 2 ya 3 % gmp to suru hona chahiye.
125.2. lokes| Link| Bookmark|
May 24, 2022 12:15:32 PM
IPO Guru (4400+ Posts, 5100+ Likes)
i have already applied 1 retail application from my minor kid hdfc bank asba to test that. Remaining i will apply 1 more retail application and 1 small HNI application,both with upi but mostly will accept only retail application. Will not take risk to accept hni application until QIB subscription is above 5x. Company profile and sector is good, valuations are not much higher but the thing is uncertainty over subscriptions and listing gains or discount listing, as per current market conditions.
I like this IPO but may apply only if QIB-NII subscription is great. Venus was a good IPO, small in size, 100% Fresh issue, hugely subscribed but listed with only 3.5% premium, giving everybody an easy entry. Let's take a final call during last hour. Especially now we have UPI based sHNI application, which I will use in one a/c. I may accept mandate tomorrow or else just help in fake/manipulative HNI subscription figures...
125.6. Bhav| Link| Bookmark|
May 24, 2022 1:18:56 PM
Top Contributor (400+ Posts, 100+ Likes)
thanks avenue, please do let us know you decision when you make
@ Lokes - I am trying to do Small HNI application using RBL via UPI . I have filled the application with UPI id for Paradeep Phosphate ,but mandate is not coming in RBL mobile banking . Any specific way to accept it . I have earlier tried with kotak and it was working fine .
The company has a profitable business, good for long time.
125.10. lokes| Link| Bookmark|
May 24, 2022 2:40:24 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@c.dinesh: i use zerodha only with phonepe for upi applications and sometimes edelwesis with phonepe. Mostly always upi mandate request comes, just 1 time long back it didn't came. I have no idea with rbl etc with upi thing. it depends on bank to bank and occasionally it might be some technical thing. you can try with kotak only if that is working fine or you can try one more time with rbl here since anyways its not so great ipo where you have to surely accept hni upi mandate.
@Lokes.. What is sHNI cut-off time in Zerodha ? is it 4 or 4:30
125.13. lokes| Link| Bookmark|
May 24, 2022 3:09:02 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@avenue: just think once that HNI cut off time anywhere can be 4.30pm ? :) QIB/HNI cut off time is 4pm with exchanges itself, so no broker/bank in any mode can allow hni application after 4pm. In zerodha i tried applying till 3.45pm HNI application in delhivery ipo and it worked. So i think its till 4pm (3.59pm) in zerodha not before that. i will try applying today at 3.59pm also for testing from other account :)
What is the cut off for retail application with zerodha using BHI M upi ?
125.18. lokes| Link| Bookmark|
May 24, 2022 3:41:28 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@suneel: ya its working but more details i have already replied in your older thread post, if you have missed, please read here again: https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1248&c=514499&ap=0 @avenue: ya i was saying on lighter note. And in edelwesis also, time is till 4pm for shni application. There i was applying after 4pm in earlier ipo in shni category to check what happens then it gave error for time over for hni and then it accepted in retail category. i will try from edelwesis also today from one account in shni at 3.58pm to try ;) :) and one from zerodha at 3.58 pm in shni to try. @IPOINPUT: cut off time from zerodha is 4.30pm for retail applications with any upi mode.
Too risky on HNI, 14 lots .... Skipped now. Will see on listing.
125.28. Bhav| Link| Bookmark|
May 24, 2022 4:39:13 PM
Top Contributor (400+ Posts, 100+ Likes)
best of luck M.Ravi for your allotments. yes its firm allotment, i also took risk and applied in sHNI. QIB response looks better than paradeep here. best of luck to all risk taker.
@Avenue. I just applied one SHNI at Zerodah/Indusind UPI at 3.53 pm and received mandate also. So, I think it may be working upto 4.30 pm in Zerodha. Somebody may try before 4.30 pm and tell the result.
125.32. lokes| Link| Bookmark|
May 24, 2022 5:35:44 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@avenue: i am able to apply in zerodha at 3.58pm in SHNI and also one more application in edelwesis at 3.57pm in SHNI. @devbull: check my comment no. 13 above here, regarding your 4.30pm doubt.
@DEVBULL , Zerodha support only up to 4PM to apply HNI. I tried just to check. Tried at 4:02 PM, system didn't prompt any error however, I didn't receive mandate till now. It will allow up to 4:30 for retail.
@Lokes... yes and I confirm the same from Edelweiss too as I applied at 3:50 pm.
Even after so many sHNI application just to test cut-offs, subscription is still 1.28x. I am not interested much in accepting mandate, may be one. Pl spare your final call tomorrow...
@lokes. Thanks for your clarification at comment no.13. However, I feel, it should be made possible to apply SHNI upto 4.30 in Zerodha because the SHNI up to Rs.5 lakhs has now not under the mandatory ASBA procedure. It is now covered under UPI payment just like Retail. So, logically, the timings applicable to Retail should also be made applicable to SHNI (Of course up to the UPI limit of Rs.5 lakhs only). @Ravu. Thank you for your attempt and prompt reply. My logical thinking is proved wrong.
125.36. lokes| Link| Bookmark|
May 24, 2022 6:49:27 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@devbull: its not in zerodha's hand to allow SHNI upto 4.30pm. Final cut off timings are decided by sebi/exchanges. if it has to be change, then it has to be change from SEBI/exchanges itself. And are you sure your SHNI application in zerodha was at 3.53pm and it is submitted properly (you received application mail and mandate both ?)
@avenue: i have noticed later that my zerodha application at 3.58pm was not submitted (however during apply pop came for application submitted), no mail came for application and obviously no upi mandate. So i called customer care to check, they told my application failed since HNI cut off time is 3pm but they didn't gave any error during apply. So i raised support ticket also, in that also she replied same thing. And i checked now in mail again that my last shni application in delhivery via zerodha was at 1.52pm not after 3pm, i remembered wrongly. In edelwesis, hni application (applied at 3.57pm today) submitted properly and i received upi mandate too.
Thank you for writing to Zerodha. As per the conversation on the call regarding HNI category timing, the timing is 3:00 PM. We request you to kindly apply in this category before 3:00 PM. I hope this helps.
@lokes. Yes, I applied for 14 lots for Rs.2,07,872 under SHNI through Zerodha / Indusind UPI around 3.53 pm today. The other relevant details are furnished below. 1. Checked now but could not find the exact time in the console of Zerodha. But, I applied after finishing my Secondary Market work (3.30 β 3.40 pm) and after gone through all the comments in the Chittorgarh forum (3.40 β 3.50 pm) only. 2. Mail received from Zerodha: 03.56 pm 3. SMS from Indusind Bank for Mandate Received: 03.58 pm 4. SMS from JD-NSEIPO: 05:18 PM. 5. Checked. Mandiate is available in my BHIM/Induspay APP. Received time: 03.58 pm.
@Lokes.. I am sure that I applied from Zerodha between 3:45 and 3:50 pm and have received UPI mandate too in icici app. Before that I applied using edel guest at 3:30- 3:40 and have received that mandate also. May be last minute rush did not allow your application to go through, as Zerodha holds a great load of application. And customer care ... I don't believe in any. They are usually useless.
@Lokes, Same happened to me in Zerodha. In my case, I applied on day one for sHNI and I didn't receive the mandate so checked zerodha UI and found that as if there was no application made. This happened 2-3 times. Later I realized that I had selected "Cutoff-price" for SHNI application π.
I hope you didn't do this mistake. Try to recall. I did it habitually as I apply only retail for Zerodha.
125.40. lokes| Link| Bookmark|
May 24, 2022 11:35:47 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@NKJ: i didn't made that mistake, i remember such basic things. i applied without clicking cut off and by manually entering price. May be it was due to high load etc as avenue mentioned at last moment but at least i could see pop up of application submitted but later checked, again Apply option was there.
@avenue: you are mentioning for which ipo regarding your zerodha SHNI application between 3.45-3.50pm , since in emudhra you mentioned you applied using edelwesis and you might have got mail also from zerodha for application, in that you can check exact time too.
@devbull @avenue: i think you guys are correct then since you are informing with your experience, i can't trust those people. Initially that lady was telling cut off time is 4.30pm ;) :) then i informed her everything properly then she checked with senior person and told its 3pm for HNI :) Next time i will try by 3.50pm in zerodha so that i can apply with edelwesis too later if zerodha has issues. Anyways for Emudhra, i am having upi mandate from edelwesis to decide to accept or not.
@Lokes... In eMudra I have applied 1 SHNI application from Zerodha, and 2 sHNI applications from Edelweiss guest option surely between 3:30 and 3:50 pm and have received mandates of 207872 from both, though have not accepted any yet...
@lokes sir and @avenue sir did you accept mandate?
125.43. lokes| Link| Bookmark|
May 25, 2022 12:56:41 PM
IPO Guru (4400+ Posts, 5100+ Likes)
ok thanks @avenue for informing. I can trust you guys more than zerodha system. Today i got reply again from zerodha on my ticket and they are again saying same thing and she told that they have updated below link also with timings. No idea what's going on.I will try in aether now after 3.30pm with zerodha.
@Ram Kariya and others ... I did not accept any mandates.. Playing a bit safe, considering market and Venus today... Will see at listing/post listing...
@ MRaviji congrats and happy listing This is highest ever allotment I've ever received and a little high considering my total portfolio size, so will look to trim holdings and hold remaining qty very long term Fantastic stock to have in core portfolio
@ultrasnow, Considering the small issue (412 Crore) and Leader in its unique business, we can hope for a positive listing but surely a better bet for long term.