please do not give wrong projection .. New investors will get confused with your predication . .. this forum is there to help our friends in getting latest information about the IPO ..
378.3. Share View| Link| Bookmark|
October 7, 2016 5:58:13 PM
IPO Guru (1300+ Posts, 3200+ Likes)
Is your DMAT account is with HDFC Securities? I couldnt see IPO after 3 pm in HDFC Net banking. I think HDFC allows application after 2 pm or 3 pm if DMAT is with HDFC Securities only.
Dear PavanM I applied 2 application through ICICI between 2 to 3 pm . My demat account is not with ICICI . Whether my application is successful or not.
Intt rate @ 4% is not PA , Abhey IPO ji .... but 4% of the borrowed amt for just the period till Allotment/ refund ....(8-10 days only ) - exhorbitantly high if you convert it into per annum rate ...!
368.6. Haar Jeet| Link| Bookmark|
October 7, 2016 4:40:00 PM
Top Contributor (300+ Posts, 200+ Likes)
Yes, like to learn how to calculate
4% P.a is only i understand
368.7. Eagleye| Link| Bookmark|
October 7, 2016 4:44:10 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Dear CHD Sir,
The interest rate is 4% per annum charged for 7 days only ... Abbey IPO has understood it correctly ... your interpretation is wrong
All NBFCs are funding HNI for IPO applications at this rate only.
368.8. Eagleye| Link| Bookmark|
October 7, 2016 4:50:08 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Dear Abbey IPO,
The calculation is very straight forward:
Issue Price X 4%p.a.for 7 days X number of times oversubscribed
Dear Eagleye, Is 65 unfair, considering this ipo will take 11 days to unblock funds (7/10-17/10,both days inclusive) which comes to 72. Cost of 127 lots =14160×127=17,98,320 @4%=71932÷365=197×11 days =2167÷30=72.26. If this fund is transferred to sb asba a/c, it will also earn 4% interest pa.
but for this issue, fund will be blocked for about 10 or 11 days due to holidays ,therefore cost of funding will be more than 65/- correct me if I am wrong.
Dear Eagleye mam I applied 2 application through icici net banking for endurance ipo. But pan no. for these 2 application show account holder name of icici and also show investor''s name as account holder of icici as well. I want to know whether the application has been successful or not. But amount is blocked.