Happiest Minds Technologies Ltd IPO Message Board (Page 29)

As per my estimate on oversubscription, this IPO will may list at 200 premium to its price

Great market premium will cross 250 at the time of listing.

Whatever will be the market conditions, this one repeat the history of Rosary BioTech. Mind you guys.

HDFC net banking working now. Just applied my bid through HDFC securities.
Fingers crossed :)

*HAPPIEST MINDS IPO*
*2ND DAY SUBS.FIGURE AT 05:00 P.M.*
QIB 0.47X**
NII 3.96X
RII 38.85X
*OVERALL 8.40*
**Excluding Anchor
Total No.of RET.FORMS : 11,88,196/46,989
*Apps Wise : 25.29X*

I believe listing will be at discount. Ipo market is only for looting investors.

RII application more than 38 times on 2nd day. This IPO is going to create a new record in Retail subscription figure.

Retail section is only 10% size of total IPO .. generally , it is 35% ( approx.).. therefore the total application seems really high ..

True retail portion is 10% and of Rs 70 Crores only. But already Rs 2700 Crore already blocked for this IPO. By tomorrow this figure will reach more than Rs 5000 Crore figure.

what is latest gmp

Through HDFC IPO ASBA page; this IPO is not displayed there... how to apply through HDFC bank account then?

HDFC securities me order execute Nahi ho Raha hai, anyone has same problem.ipo application shows as order only

I have applied for 1 lot from Zerodha.
My amount is deducted from my Google Pay.
In the Zerodha application, UPI status is displayed as Amount Blocked xxxxx amount and status is displayed as Accepted by Investor and Details is displayed as- Block request accepted by client payment successful.

so it means that my side work is done right??? I mean it is applied successfully or not?
Please share your thoughts.
.

@Manohar
Its lottery system if you get allotment your amount will debit else amount will release.

Pray for allotment. Its good that you applied with only 1 lot becs in retail no one going to get more than 1 lot per application.

Applying more than 1 lots does not make any sense when retail application wise subscription is more 1 times.

You did good with applying 1 lot and not blocked unnecessary amount

So relax and wait for allotment

Thank You Lekker...
yes lets wait for allotment...

Lots of query about minor accounts, let me share my expr. and I would say below is best combination for Minor Or HUF

Open minor demat + trading account in prostocks (no need to transfer shares to other demat for selling)

Open Minor saving account along with parent saving account in SBI

Using your own SBI netbanking you can submit your child/ minor IPO ASBA application online, this is still valid and acceptable.

I follow this since last 2 years and many times got allotment.
Recently got allotment in Rossary on my Son (below 10 years) name.

apart from SBI I would like to add below more bank names from you can apply your minor IPO application using parent netbanking

AXIS
INDUSIND
BOB

I dont found other best broker than Prostocks in terms of Minor and HUF demat + Trading account,

This is just my experience.

@BLR minor saving account under guardian at least for when child is less than 10 years.
so parent account and minor account both will be different. Banks allow to open minor account only when parent already hold saving account with them.



When child is more than 10 years and he can do physical sign then you can have minor saving account with ATM + netbanking on child names.

@ Lekker : Thank you very much . we will create account in minor name with SBI bank and planning to open DP and trading account with prostocks ( They will allow to trade online for minor accounts )

HAPPIEST MINDS TECHNOLOGIES IPO – *Market’s Current Estimates of oversubscription*:

RII = 18.00L Forms = 38.31X Applic. wise (Avg allotment of ~2.35 shares per lot)
NII = 40K Crs. = ~379.86X

Interest cost *@6.50%p.a.* for 7days = 20.69paise for 1X

Thus, for NII the costing = 379.86 X 20.69paise = Rs78.60per share (= GMP)

And, for RII the costing = 2.35 X 78.60 = Rs.185/- (= Kostak)


HAPPIEST MINDS TECHNOLOGIES IPO – *GMP Estimated*
GMP 125 +/- 2
Kostak 300+/- 25

HAPPIEST MINDS TECHNOLOGIES IPO –

Interest cost *@6.50%p.a.* for 7days = 20.69 paise for 1X

HAPPIEST MINDS TECHNOLOGIES IPO –

2nd Day at 5:00PM

The following data is assuming the shares will be issued at @166/- (upper price band)

QIB*: 00.47X (*Excluding Anchor)
NII: 3.96X
RII: 38.85X
Total: 8.40X

*RII Applications: 11.88L* Approx
No. of Applic-wise: 25.29X

Qualified Institutional Buyers(QIBs)*------- 0.10
Non Institutional Investors-----      3.27
Retail Individual Investors(RIIs)      ----      34.48
Total -----      7.21
*Excluding Anchor

Total No.of Application Approx : ~ 1049625
Retail Subscription on the basis of Apps : 22.34 x

can you please share the source
I'm not able to find anywhere application wise details

http://stocksipo.info/

Gmp??

I have not received any confirmation mail from BSE or NSE for submission of application..? WHY..?

I have a doubt,

Generally fund houses who don't get shares in ipo will buy on listing day
When 75% of the issue is reserved for QIBs, who will buy on listing day with huge premium.
Clarify me if I am wrong

Issue size is small. So for quality business everyone will rush to buy it..low free float is blessing in disguise and sometimes nightmare..

Application wise retail subscription please, anyone?

Retail Subscription on the basis of Apps : 22.35 x

where do you find application wise subcription details