General Insurance Corporation of India IPO Message Board (Page 26)

Balance deducted in kotak securities. 21st October amount 13872.

I believe that many people here are confused that why they have been not allotted shares at lower price applied by them even if RII portion is not fully subsribed.
The answer to this query lies in the rule that
1)Shares are allotted to all the categories at same price except in the case of discount where Shares are allotted at discounted price to specified category (here retail)
2)That price is selected at which highest number of bid is received (In this case it is 912)
3) So whoever applied at 912, Only to them shares will be allotted irrespective of the fact that whether the retail portion is undersubscribed or fully subsribed.

Conclusion:
If you applied at cutoff price, only then you will be allotted shares despite of the fact that retail portion is undersubscribed.

Correct me if I am wrong in any case.....

Its depends on gic .they fix cut off price 912.hence shares will not allot at lower price band whether fully subscribe or not.

I APPLIED @855-45 = NET Rs. 810 BUT NOT ALLOTTED YET IN RETAIL NOT FULLY SUBSCRIBED?

Learn the procedure how to apply. Sit with ur broker or read and then apply. Otherwise u will wonder why i am not alloted shares even retail part of the issue is not subscrobed fully.

i applied through online and lower price was Rs.855 so i applied @ Rs. 855 and Rs. 45 was discount given. So my net amount was blocked Rs. 810 per share. And you know Retail not fully suscriber pls check as below
      Number of Times Subscribed (BSE + NSE)
As on Date & Time       QIB       NII       RII      Employee      Total
Shares Offered / Reserved      62,277,900      18,683,371      43,594,532      144,197      124,700,000
Day 1 - Oct 11, 2017 17:00 IST      1.5500      0.0100      0.0600      0.1300      0.8000
Day 2 - Oct 12, 2017 17:00 IST      1.6800      0.0200      0.1600      0.4200      0.9000
Day 3 - Oct 13, 2017 20:50 IST      2.2500      0.2200      0.6300      0.9400      1.3800

For HDFC user : Go to IPO order book and find the amount have paid or not , if your amount is paid in order box that means you got allotment otherwise vice versa..

Kev - but have u recieved any sms regarding allotment or has ur account with HDFC Bank being debited?

Some people on this claim they have recieved mails /sms from their banks and also amts debited to account

Is hdfc applicants process different?

Amit bhai i think u r wrong, Pay amt doesnt means u got allotment as pay amount indicates that u have paid amt for ipo that means its on hold ans as soon as hold removed it will show 0,
CONCLUSION :- If amt is still on hold thats y it shows pay amt and by tommorrow if hold is removed then it will show 0....

I Got 1 lot but msg not yet come hdfc deduct same amount...

Hi Raj

Has the debit amt refleted in ur statement or are u referring to blocked amt....My acct is with HDFC ...Amt is blocked but there is no amount debited to my account.....pls guide

But it was like that right from day1..... donot think that is paid amount...that may be blocked money...because i have not got any sms from hdfc or karvy or any debit amt in account

Allotment kaha pe check kare

Listing will be between -10% to +5%

Great Gamblers should be on the mark. -10 to +5% to saara India jaanta hai. Ayisi cheez batao jo yaha koi aur nahi janta

Dear MKB
If I had such precise information I will not be coming to chittorgarh website,I would be starting a consultancy instead.And Great Gamblers dont go by logic and analysis.My gut feeling is it might go below the IPO price.The company is a very good profit making concern but there is a huge floating share, appx 80 crore shares which will not allow the price to go up.

Listing between 925 to 950....at some centers gmp is -12 to -14 ......but not sure...

"Never plant a sapling in sme and normal Ipo bull market to get fruit after 3 to 5 yrs "

Hi Has anyone else from HDFC not got any debit or message from HDFC????

Hi

I have lost hope now.....neither HDFC Bank has debited my account nor has Karvy updated their website

My only hope now is to buy the share at a lower rate in the future.

No debits from HDFC Bank till now. Don''t Worry

SAME HERE HDFC IS VERY SLOW IN DEBIT AND UNLOCK OF FUNDS

Allotment status ?

My kotak SB account not get debited n can any one explain when the retail category not subscribed fully? Y the allotment did not happen

I had bidded at cut off price only.

My Kotak bank account debited yesterday for one lot allotment...I got mail/msg also from bank...

I have applied for 224 shares at cutoff price via physical application to IDBI Bank. Later a day i got this msg from Bank which I noticed carefully today :
"Your IDBI A/C No XXX92842 has been lien marked for Rs.184128/- towards IPO issue of GICRE. App No: xxxxxxx6012 Bid Id: xxxxxx720."
If I backward calculate, I seems that bank has wrongly applied at 867 (ie. 912-45) less 45. Net price 822. I will not get allotment. To whom I could approach for quick resolution. Bank and registrar are not likely to show interest. Do we have some other route. I know SEBI is there but do they act in timely manner?

its human error.
employee did the mistake.
bank is only responsible for that.
complain through email giving the name of employee,branch code, reference no./bid id/ application no. attachment.

Applied through SBI ASBA. Amount got debited but no message/email received regarding allotment. Neither credited to Demat. What to do?

Yor are right dear, Amount was debited from your account after allotment finalisation, but share will be credited to your account after 23 Oct-2017, There is no reason to worry.

Thanks both of you.
Regards

GMP last heard:

GIC (Discount)
(21.00) - (20.50)

Allotment kb tk aa jayenge .. . ?

Don''t worry allottees listing will be above 950 to 1000+

Don''t be over optimistic.
But yes looking at 2 lac application rate of 6500 it looks like listing at par 912 or just above par at 920 to 925

I don''t think this government will get into price manipulation of GIC share! If this ipo doesn''t get proper listing, then GOI will make the upcoming IPOs more attractive. One important point, according to me, Most of the people who applied in the retail category are actually NNIs! They applied full rs 2 lakh quota and multiple application to get the retail discount. Please check NNI subscription numbers. Not many "Actual retail investors" participated in this ipo. It''s my opinion.