While applying IPO for Happiest Minds through HDFC net banking , I have noticed that Minimum investment value is restricted upto Rs 14850 which is only for (Rs 165 * 90 Shares). Therefore after selecting cut off price (i.e. 90 shares * RS 166 = Rs 14940) , I am getting error as "Bid 2 price is outside max - min price" . If i will apply for 1 lot amounting Rs 14850 , the chances of allocation will be less for me. Any suggesstion??
As per current expectation Retail 50x and HNI 500x. So in HNI to get firm allotment you have to apply at least 500 lots. Below 500 lots it will be lottery similar to retail.
How many lots one has to apply to get firm allotment in NII Category .pl explain allotment process in nii category if anyone knows and experts in this field.
95.1. Johny| Link| Bookmark|
September 7, 2020 11:49:38 AM
IPO Mentor (800+ Posts, 1000+ Likes)
It depends on how many times HNI gets oversubscribed. As per current expectations if HNI gets oversubscribed by 500 times then you have to apply minimum 500 lots to get firm allotment in HNI. Better to apply multiple applications in different names in retail.
94. Carn Mohan| Link| Bookmark|
September 7, 2020 11:41:06 AM
IPO Guru (1300+ Posts, 500+ Likes)
Qibs should be 100 times Hnis 500 RIIs 40 to 60 times
90.2. Ankur Goel| Link| Bookmark|
September 7, 2020 11:02:24 AM
IPO Guru (1300+ Posts, 600+ Likes)
Any broker can open depending your relationship with the broker. But ProStocks provides trading account also for minors which is not available with other brokers. You can take delivery on the basis of cash & carry. No intraday, F&O allowed in minor accounts.
I have 2 my child’s minor account along with mine Can i apply from all 3 account with my bank account throught ASBA?
Till today i m using to print form and hove to minor’s bank But currently not possible that so can i appky through my account which i already using for my ipo application.
Is there any chances for rejection for apply 3 with same account?
88.1. G.kumar| Link| Bookmark|
September 7, 2020 9:52:32 AM
IPO Guru (1000+ Posts, 700+ Likes)
to avoide rejection in case of minor apply through offline bank form
Why I'm getting message as Bid 2 price is outside max - min price. I just applied 180 share @ 166 cutoff price for Happiest mind IPO. What wrong I did. Anyone tell me wt to do.