OFF TOPIC: I have opened a minor demat account with prostocks for my son. He has a minor savings account with Yes Bank. Now I am not getting any option of adding his demat account details for applying IPO through ASBA. Does Yes Bank doesn't allow to invest in IPO in minor account? Have already tried to contact their customer care however they were not been able to resolve my problem. If not Yes Bank, then is there any other bank which allows to invest in IPO in minor savings account? Please respond.
I am facing same issue with Yesbank. Previously, I was able to apply IPO for minor using netbanking but now I am not getting any option for adding applicant. Customer care is pathetic with no knowledge of ASBA/IPO at all.
PKRAJ @HNISJao @Nand Kishore Parwal @All CG Family Members I would like to inform you all that I have a Good Relationship with difference Grey Dealers across India. One or other going to responds me any time. When ever I get Correct and Genuine tradeable premiums and sub2 rates iam posting here for benefit of our Chittorgarh family members. I was quite silent for last one year. Now iam back since last one month. When ever I post premiums that was 99% tradeable at that particular time which I mentioned with out any doubt. Some times 1 or 2 points difference will be there from one broker to another broker. I am trying to provide info as best as I can.
Thanks sir hoping you are always with us and CG family.
155.3. jajo| Link| Bookmark|
March 15, 2023 11:39:24 PM
Top Contributor (300+ Posts, 200+ Likes)
@KING VINOD, Thanks for your selfless efforts for getting the accurate and reliable GM rates from your various sources for the benefit of our forum members. Please keep up this good work as far as possible.
@Invest with Abhishek - how can it be 15 lots? Minimum lot size for bHNI is 72. @HNISJao - if lottery, you mean there is no advantage in applying more than 72 lots? Don't think that's correct as otherwise no one would apply more than 72 lots. Can anyone throw some light (or direct to weblink) on the new rules for mainboard allotment?
In an oversubscribed bHNI category, one can get a maximum share of sHNI. The only benefit of bHNI is, the probability to get an allotment is more but you get the same number of shares as sHNI.
@Invest with Abhishek - the question was different, which is, how is the probability of allotment calculated for allotment within the bHNI quota, and does it make any difference if someone apply more than the minimum bHNI lot (here 72 lots)? I guess all I am asking is what is the allotment rules for bHNI?
153. MAMU| Link| Bookmark|
March 15, 2023 7:27:42 PM
IPO Guru (1700+ Posts, 1100+ Likes)
This is bad..hope morning GMP of 18-20 rs was not a trap for Retailer like me who have put in SHNI 1 lot. It's a very big money for a small retailer like me
Mamu: Your words are true. I got little panic yesterday but now I am ready for all (profit or loss is a game in stockmarket). By the way what is :OD mat karvao". I did not understand this.
153.7. MAMU| Link| Bookmark|
March 17, 2023 10:23:03 AM
IPO Guru (1700+ Posts, 1100+ Likes)
Over draft against FIX DEPOSIT facility provide by banks.
152. PLAZA| Link| Bookmark|
March 15, 2023 4:34:38 PM
IPO Guru (1900+ Posts, 1200+ Likes)
Now no return in bhni . As per current position if one applied 8 in bhni application with a probability of one allotment having appx profit of 20k. Means by investing 80lacs for 7 days profit around 20k.+ sb interest. But usually funds remains idle for next few days . IMO waste of time one should apply in shni and rest on God .
152.3. MAMU| Link| Bookmark|
March 15, 2023 5:27:42 PM
IPO Guru (1700+ Posts, 1100+ Likes)
You both are wrong as per this calculation Best reward in RETAIL category 😛
152.4. PLAZA| Link| Bookmark|
March 15, 2023 9:50:15 PM
IPO Guru (1900+ Posts, 1200+ Likes)
@greyalsthe newblack सही कहा भाई. Presently GMP only 6. We r passing time with money only. But better then traders और investors as of now. @ मामू सही कहा
Appied 2 BHNI. - seems to be decent company however company has heavy exposure to US. IF Fed does something unexpected on March 22, iski listing me band baj sakti he.