Bhav ji, its not big bid but QIB showing subscribed 4.05X at lower price band and 3.93X at upper price band. difference is 0.12, they might have applied deliberately to not to get allotment. This i have observed first time in QIB subscription trend.
Ravu, from subscription 242208 (30573656 - 30331448) shares are not bidden at upper price 256, Do you think around ~2.42 lacs shares fake subscription is less number?
I am trying to enter SHNI (from Retail) now. Can somebody guide me a bit here? I do have few lacs of rs (less than 10 lacs for sure) to invest initially and approx 6 accounts to start with.
Till date, I was always applying in Retail for lottery basis allotment only. Not sure how this HNI thing works, that too with some new rules declared in last few days.
@gj I don't think so there is any new changes Same rules which came after 1st April Where hni is divided into two category 2- 10 lakhs (lottery) Above 10 lakhs (lottery) You may apply either 2 lakhs or 10lakh
93.5. Bhav| Link| Bookmark|
May 24, 2022 4:02:21 PM
Top Contributor (400+ Posts, 100+ Likes)
@GJ
just apply 14 lots fot sHNI and 68 lots if you want bHNI generally if subscribe more than 1 time than lottery as per retail
@ShiningShiva, Thanks for your concern man. But this is me only, ignore that Mentor tag, it has nothing to do with my knowledge level. It simply shows how active and old member you are. Ofcourse knowledge increases with every day passing and by interacting and posting new messages and responses to others. But for me, it doesn't matter much. So, thanks again but I am trying to enter into a new territory so asking.
93.7. Bhav| Link| Bookmark|
May 24, 2022 4:05:30 PM
Top Contributor (400+ Posts, 100+ Likes)
minimum allotment in lottery is 14 lots, so make sure you can digest if it lists in discount , as loss will also be 14fold more than retail
@DebabrataS & @Arca, Thanks, aware of this. My specific question was, to get allotment or increase chances, what should be the approach of SHNI and Retail? If I apply in SHNI for Bid quantity 812 at price 256 and if allotted, how many shares I will be getting?
@GJ...a bit late for Mudra as HNi cutoff is 4 pm., but you can still try via edelweiss guest.
still to answer in short, in sHNI you apply for ~14 lots (amount ~ 2 lacs). If issue is poorly subscribed you will surely get 14 lots (full allotment) and if issue is heavily subscribed, you will be a part in lottery, in which if you win you will get 14 lot and if you loose you get Zero.
Btw, I cancelled one of my retail applications of 1 lot in Zerodha and changed that to 14 lots. New mandate came, will take decision later, probably tomorrow.
@Bhav, Thanks for the info. Yes, I can digest that part as applying in SME from last approx 1 year so kind of familiar/imagine potential volatility here.
@GJ.. welcome to the party.. Your question "How to know SHNI and BHNI subscription separately to make sure apply or not?" If you are able to get answer to this, please share it here in Bold Letters. I guarantee admin will award that as best post ever :)
@Bhav and @Avenue, My apologies if it was a noob question, but I thought this info is available somewhere and I am not aware of this. From your answers, it seems like it is not available for now. 😃
92. Smile.| Link| Bookmark|
May 24, 2022 4:23:54 PM
IPO Guru (1600+ Posts, 900+ Likes)
QIB 4.05 NII 1.27 Retail 2.53 Total 2.68 Though subscription figures are like this, i feel 100% allotment to all, bcoz how many complete their application is big question. In venus IPO got sufficient time to think but here it isn't.
राम राम सा । हमने तो आखिर में सोच समझकर 9 एप्लिकेशन लगा दी! लंबी और मध्यम अवधि के लिए! और बाजार अच्छा रहा तो लिस्टिंग में भी मुनाफा मिलना चाहिए! जय हो फरड़ोद वाले बाबा बजरंग बली की !
90. Imhilli| Link| Bookmark|
May 24, 2022 4:18:42 PM
IPO Guru (1200+ Posts, 700+ Likes)
Till what time application can be withdrawn in ICICIDIRECT?
Vary interesting subscription figures , Almost entire demand in Retail and HNI disappear { barring some fractin of mundane demand } . Mouse {QIB } will play when Cat is away.
I have applied 28 lots at lower price through UPI. Mandate yet to be accepted. Will I get allotment, if I accept the mnadat? Considering issue is fully subscribed and HNI not.
@avenue... You count it right.. they are 10 in numbers... Just a UFO landed here and this experts comes from Mars to help us to earn money .. Admin should tag them "Mars members".
84.3. arunARUN| Link| Bookmark|
May 24, 2022 3:07:40 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Dont apply on GMP for this issue. Look at application cancelation in recent issues
83. arunARUN| Link| Bookmark|
May 24, 2022 3:04:58 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Don't trust the subscription level. In Venus pipes 2 lakh applicant did not approve UPI including HNI. Similar story in Delhivery (nearly 1 lakh did not bank)
Himmat hai to Apply karo Medium to Long-term. Listing gain ka kuchh bol nahi sakte. [ Before Applying Consult with your financial advisor and do your own research ]
positive listing of both ipos(venus and delivery ) seem this ipo will surely give decent listing gains
77.1. jay here| Link| Bookmark|
May 24, 2022 10:13:23 AM
IPO Mentor (700+ Posts, 500+ Likes)
My experience observes that listing of any company(except big ones) does not impact on listing of any other companies. Recent example Campus&Rainbow, though campus gave decent gains rainbow debuted with discount. I also believe market conditions do not affect listing(atleast on listing day),the only major factor affects the price is buying&selling.
76. Chem cho| Link| Bookmark|
May 24, 2022 10:08:17 AM
IPO Guru (2500+ Posts, 2700+ Likes)
Banks are not able to confirm retail HNI and highworth HNI they have to update their software ,and IT staff takes time to understand and payment issue with bank. SEBI knows the issue but banks ask minimum 6 months time .
sarkari bank ke staff ko problem he bhai.. unhe knowledge nahi he ke cut off pe click nahi karna aur lot size me shares likhke dalna he to ho jata he...
given no gmp data, feel one has to decide on fundamentals..sense is that listing gain and price support is there as good anchor names are there plus many mf's/fii's will want to get in for long term