I see this website always for applying to IPOs from last 2 years. This website gives lot of information and is been doing great.
I started applying for IPOs recently. Today I tried, to apply for equitas. I wanted to apply for 3 lots with 3 different application.
Here is what I understood from this forum and other forums. As a retail applicant, I can apply for different application each with different lots. eg. 1 lot in 1 application, 2 lot in another application or another lot through another application and so on but all through the same broker.
But Today when I tried to apply 2 application each with 1 lot, I was unable to do the same in sbismart/onlinesbi.
So my question is, is it not possible apply for 2 lots with 2 applications each with 1 lot?? Is it the problem with SBI smart or every other broker also do the same?
I am confused. Please help me.
Also, I hear in this forum that application price is 2000 rs( for equitas). Any broker in bangalore area for the same???? Also how does it work? As a retail appicant, i could apply for 15000*13 applications for 1 lot each. Does the broker provide 13 ( applications) * 2000 rs ( for each application) = 26000/- for the complete application???
I am quite confused Plz help me in understanding. Thanks in advance
Ok thank you very much for the advice given very quickly.
My Question falls back... Here only, I see many ppl, during allotment saying, 5 application applied 5 got or so on..... So waht is the point in so much enthusiasm???? In oversubscribed cases, simply locking 2 lakhs for getting just 1 lot is not a good idea and in case of no oversubscription, it leads to losses.
Had received a call from them for the bid amount of 109.50/- not being processed at their back office (system issue) and requested me to cancel and reapply ... had to reapplied again with round figures.