Yes, she can apply provided you have a bank account linked to her demat account for funds transfer after sale of securities. BTW, from which bank you want to apply?
always apply with internet explorer after clearning browsing history and cache when applying with HDFC netbanking...During rossari also it was a pain to submit an application via hdfc
I have 4 Demat A/cs within the family and I am told the best chance to get an allotment would be to apply in the min lot i.e. 90 shares. Can any please tell me which lots would be more appropriate to stand a better chance-Thanks.
Does chances of my allotment increase if I apply for 2 slots instead of 1 slot(as retail portion is already oversubscribed) and I am having only one demat account.
158.1. sonal patel| Link| Bookmark|
September 8, 2020 12:10:03 PM
IPO Guru (1600+ Posts, 5800+ Likes)
Then you open other demat account of your family members for increase chances of allotment..????????????
Is it better either apply for 13 lots and then chance of 1 lot getting by chance or lottery or 2nd way apply 15 lots in NNI and may be get for sure 1 lot ? am i thinking correct ???
Above both applications will go in lottery...becs HNI also going to subscribed like 200x... So application of 15 lots will not give you sure 1 lot.. your application go in lottery like retail...
Best way apply one lot retail category. To increase the allotment chance open all family member accounts and apply them.
157.4. Johny| Link| Bookmark|
September 8, 2020 11:12:53 AM
IPO Mentor (800+ Posts, 1000+ Likes)
Many retailers have this misconception that applying in HNI gives firm allotment. It is incorrect. To get firm allotment in HNI you have to apply for lots that are >= number of times HNI has oversubscribed. In this case expectation is 500x so you have apply at least 500 lots i.e. around 75 lacs to get 1 confirmed lot. Better to apply multiple retail applications.
Once over subscription, there is no meaning for applying at full lot in retail category. as after lottery only one lot will be allotted to successful retail shareholders irrespective of what ever number of lot they have applied. moreover in HNI category the allotment is on the basis of proportionate basis, and if the subscription is 100 times in HNI category means those who have applied 100 lots will get one lot.
Yes but ..two applications of same pan card are liable for ejection... If you are planning for two different person applications from same bank account then it's ok...you can apply...
@phrao, Yes, you can apply through another person's bank account. He need to add you as a ASBA payee in his net banking with your NAME, PAN and D-MAT account number. One can apply maximum five IPO applications from single bank account.
152.6. Ankur Goel| Link| Bookmark|
September 7, 2020 7:45:51 PM
IPO Guru (1300+ Posts, 600+ Likes)
SBI, pnb, UCO, & bob allow. I am using these banks from a ling time.
Please go through the instructions no. 9 of application which clearly mentioned that applications made using third party UPI ID or third party ASBA BANK A/c are liable to be rejected
It will be failure. Retail investors are buying but no response from QIB n HNI. Would open with discount for sure. Don't apply I would recommend. valuation is very high than earnings.
bhai if this website and members like egle eye and Aniketiaf other expert are saying it is a good ipo then sure shot will gain on opening or bhai tum bhi apply kr lo faida hai isme... they never disappoint following them from 5 years now they are never wrong.....
148.6. Scrip| Link| Bookmark|
September 7, 2020 11:22:55 PM
Top Contributor (500+ Posts, 200+ Likes)
Wait for 9th September. Ur confusion will be answered properly.
This company have got very good growth potential on the digital space, IoT, big data, block chain. valuation is bit stretched but given the grow its justified.