Go Digit General Insurance Limited IPO Message Board (Page 4)

More pain GMP now 13🔻🔻🔻

13 now.
At this rate, soon a DIGIT will GO. 😜

Sorry, just joking. I am also heavily invested.

​@ValueSeeker Seems in ICU now ...just GMP 8 left

GMP is in Ventilator now.. 3 rs only

Something is happening and we really don't know

After IPO closed GMP raised 🪄
Before listing, suddenly GMP crashed 🦆...

Just panic created
Now 16/17
not much trades

Trades beginning now
19 GMP now
Looks operators not having enough to manage listing.

Now 21rs buyers

It was possible earlier, not sure with new accounts now, it will take primary holders PAN and it has to match with demat.
Secondary holder will be considered as third party.

Like I have Indusind bank joint account with my father. I have got 2 login id and password, one for me and one for my father. If I apply ipo from my login and another application from my father login then it will also called third party? Please clarify?

@Ayank
Does it show different PAN's in both the login's? And I am assuming you have 2 different Demat's also.

​@Rajiv RR I never tried to apply ipo from joint account but I checked different pan is showing while apply ipo from my joint account. I checked with my RM he said you can open joint account upto 4 people and each person will get separate login id so if I open 4 people joint account and apply ipo with different pan but same account no. then i think it will not consider third party application and fund transfer problem will be solved. Please advice on it @GrayIsTheNewBlack @MuStrFc @rohiitian @DEVBULL @PLAZA @Tejas Pandya @MVP and other members.

​@Ayank - As per the procedure designed by SEBI, bank is supposed to send the primary bank holders PAN number along with applicant PAN.
There is a chance of application rejection on third party grounds.
So, better to use individual accounts for application.

@Ayank: I am having “either or survivor” Savings A/c with IndusInd Bank for me and my wife. Single login id only has been given. Both the Demats of my wife and me were got registered in the ASBA of IndusInd Bank. I am applying for IPOs using both the registered Demats simultaneously and getting allotments, then and there, in both the Demats. My son is also using similar type of Account for him and his wife and getting allotments in both the demats. Ours is a joint family.

​@DEVBULL  thanks. Thats exactly I wanted to know. You solved my query. One more thing if we open linked fd on joint name as either or survivor basis can both applicant apply ipo separately on the basis of link fd?

​@rohiitian Congratulations..I also got 1 BHNI..now think should have gone FF..😄

​@rohiitian & @Tejas Pandya 
Congratulations & Best Wishes 🎉

​@rohiitian Congratulations 🎉
How you do it bro ?
Please share the recipe 😉
My below par streak still continues in the mainline 6/11 bHNI

​@GrayIsTheNewBlack By sacrificing all allotments in SMEs - haven't got even one in May! :p And congrats to you also - 6 is solid 💪

Thanks @Chhote Lal and congrats @Tejas Pandya Listing hone do, phir hi pata chalega kya karna tha

​

Congrats to both !! @GrayIsTheNewBlack @rohiitian

​@rohiitian - Then I'm also ready to skip SilkFlex/Mandeep type of SME allotments ;)
Thanks @MuStrFc and congrats to you too :)

​@rohiitian @MuStrFc  sell on listing or hold

Iam willing to hold it for some time to be part of post listing movements, but with some evident risk. ​@ipostudy

​@ipostudy Will hold for a little while - expecting QIBs to show interest here, esp if listing is in the 0-10% premium range. Retail & HNI float is small, so can be absorbed. Baaki will see based on price action.

Some serious slide in the GMP, now at 15.
​@rohiitian @MuStrFc @Tejas Pandya @GrayIsTheNewBlack @Chhote Lal and other esteemed members, please share your listing and subsequent strategy.

​@Vbhav Appears, retail application was not submitted for whatever reason. Allotment in HNI may be blessing in disguise as double digit rewards are expected!

But money was blocked for retail too . And confirmation for both application was received .

Ish bar toh reward mil jayega .. lakin aage ka kya hoga sir ji for risky ipos

​@Vbhav You have a point. For this reason only HNI applications are generally made on last hour on last day of issue after thorough evaluation. Even QIBs come on last day for this reason that application once made can not be cancelled.

Thanks for your guidance..@Chhote Lal

I have also applied in bhni and retail with same pan from 2 account both cancelled

​@Vbhav  please check what is the status of the Retail application?
that might give some idea why this HNI application was successful.

Your allotment for the GODIGIT IPO was unsuccessful. Don't worry, your refund will be automatically processed within the next 10 working days or on the expiry of your mandate. If you don't get a refund after 10 days, check with your bank or the RTA of this issue. Team Upstox

This msg recvd

According to SEBI rules, HNI applications cannot be withdrawn. In highly subscribed IPOs , the RTA agents reject all of multiple applications, but they are not required to do so and may decide not to reject HNI applications if the issue is lightly subscribed.

​@colcol As per SEBI rules on allotment, multiple applications are not permitted. RTAs are required to verify PAN of applicants at assessing stage and more than one application with same PAN credentials are to be rejected.

It appears there is no fool proof mechanism to implement these rules. Above is example of multiple applications being accepted and there are many instances of third party applications being allotted shares even though same was banned.

This also raises questions on credibility of these RTAs for possible malpractices regarding some preferred allotments !

​@Chhote Lal If you read the SEBI rules, it does say that multiple applications are liable to be rejected , but it is not clear from the language, at least to me, if that means that all bids will be rejected or all but one will be rejected . Given that SEBI rules also say that HNI applications cannot be withdrawn or downsized, there might be a conflict between the two rules. In my opinion, if a RTA allows the HNI bid and rejects the retail one, especially for poorly subscribed IPOs, it would be acting in line with the spirit of the rules. If a HNI application can automatically be withdrawn just by making an additional retail application, the rule that disallows HNI bids from being withdrawn will be meaningless.

​@colcol No relaxation is applicable on rules whether the issue gets poorly subscribed or over subscribed. Also, according to my understanding there is no conflict of any rules there.
Anyways, examples cited only appear to be aberration.

​@Chhote Lal According to SEBI rules , NIIs are not permitted to withdraw their bids. Relying on getting bid getting rejected by making multiple applications is a backdoor method for withdrawing the bid and seems to be a violation of SEBI rules. In my opinion, in this case the RTA has acted within the ambit of the rules. You are entitled to your opinion but I don't think SEBI will overturn the allotment if the issue lists at a discount and the allottee subsequently complains to SEBI that he should never have gotten the allotment.