Don''''t Apply Lower Price Band.....Everyone apply cut off or 912 otherwise not allotted any single share.
SBI price band 685 to 700 and it subscribed in retails 0.81. I have applied 2 lot at 690 and not received any single share.
QIB oversubscribed already so company fix price 912.
IF GIC subscribed 912 or Cutoff price in retails 0.60 then other 0.40 portion go to QIB Quota. QIB already oversubscribed so other 0.40 portion allotted QIB at 912. Why company make loss allotted lower price?
Kostak for 2 lakh application in Ahmedabad is 3500rs. Must apply for this IPO. It can prove to be another INDIGO. MUST MUST MUST APPLY. LIKELY TO LIST AT 935 TO 945 NET GAIN OF MINIMUM 80RS 224×80 = 17920
I apply in gic ipo 912-45=867 as per Asba i select cutoff Y if retail portion not fully subscription and many person apply 855-45=810 so i also got share 810 instead of 867. Reason for asking this question is that i apply Cutoff in asba
When u apply at cutoff rate u hv to pay at upper end of the bid in this case 912/- when issue is fully subscribed company through registrar will announce the price at which it will issue shares. If ur price is lower then ur application will be rejected in toto. In this also i think 912 /- will be declared as cutoff. Already issue is on the verge of getting fully subscribed so apply 204 sh @912 opting cutoff.
Plz guideme if I select cut off price through SBI asba then automatically share price shown is 912 I want to get 45 rs discount what I do ? Happy at cut off or happy at 912 - 45 967 plz guide me ?
Please clarify I have 4 demat account If I subscribe 1 lot each I will have to pay 56k If I go with 1 account and choose 4 lot with same price Is there any difference?!
i am going to apply 240 shares @ 810 full application 194400/- Rii category {240shares*810 (855 lowest price bid - 45 discount = 810) 240 x 810 = 194400/-} i think this the best way to getting allotment at low price instead of avoid it.
Not wise thing to do .Apply at cutoff for 208 shares if 912 is decided as issue prices then ur app will be rejected in toto and will not get any share.
i will not got allotment @ 810 even if ipo not subscribe fully in retail.........??? my think i will got allotment if ipo will not subscribe fully in RII category. ( my subscription expectation in retail is 80 to 90%)
@pragnesh you will not get any allotment if the overall subscription at least has 1x times people applying at cutoff. However @solution of queries point of losing interest that will not happen as the money will get blocked not transferred in ASBA mode
If issue is under subscribed and A applied 2lakhs @ cut off, B applied 2lakhs Q lower band, C applied 1 lot at cuff off, D applied 1 lot at lower band. At what price will each get allotment.
paji already put 8 lac through 12 applications considering worst case scenerio of it listing on 10 percent discount,can take 50 k hit easily,can raise another 4 lac by tmr,wht shld ur advice put them in also or its enough??
Gry market price will open by tomorrow after 2.30.... just wait n watch.... Better go n apply for LongTerm... no need to check GM price n all....Best of luck