While applying for IPO through ASBA, I am not getting option of S-HNI at Icici-direct. Options are Retail anld HNI. What should I do to apply under S-HNI catagoury ?
There is no seperate option for S-HNI & B-HNI in HNI category. Simple if your application amout crosses 10 lacs it is considered as B-HNI otherwise it is S-HNI.
Anybody pl say whether an INDIVIDUAL can apply in NII category. If yes, what is the min. appli money? Can it be applied through ASBA with AXIS Bank Or Union Bank?
379.1. Gujju IPO| Link| Bookmark|
September 15, 2022 12:43:47 PM
Top Contributor (400+ Posts, 200+ Likes)
Select an individual and insert 630 shares which is min share lot of NII
379.2. P Patel| Link| Bookmark|
September 15, 2022 12:43:52 PM
IPO Mentor (900+ Posts, 900+ Likes)
swapanji
Yes, Individual can apply in NII category. Minimum application money details for all categories has shown above in this page, but below is for your quick reference. S-HNI (Min) 14 630 ₹207,900 B-HNI (Min) 68 3,060 ₹1,009,800
You can apply via ASBA in NII category from any banks who provides ASBA facility.
379.3. B.M.SURANA| Link| Bookmark|
September 15, 2022 12:45:35 PM
IPO Guru (2600+ Posts, 4900+ Likes)
Yes 630 Shares @330
379.4. B.M.SURANA| Link| Bookmark|
September 15, 2022 12:49:04 PM
IPO Guru (2600+ Posts, 4900+ Likes)
If I apply 33 lots as SHNI, what are my chances of allotment as compared to 14 lots in SHNI? How many max shares will I get as SHNI if I apply for 33 lots in case of OS? Wanted to understand if applying for 14 lots have same chances and shares like 33 lots then I’ll be better off with blocking funds for 14 lots
378.1. SamJos| Link| Bookmark|
September 15, 2022 3:05:42 AM
Top Contributor (500+ Posts, 100+ Likes)
Same chance with 14 or 33 lots in HNI.
Chances increase if you apply bHNI or increase no of applications. Apply 2 applications of 14 lots each rather than 33 lots in one application.
PLEASE SUGGEST With new rules in place does it make any sense to apply for more then 10L for BHNI in over subscribed IPOs? Previously I use to apply for 1 to 2CR? not sure if it still makes sense to apply for that high value.
376. SamJos| Link| Bookmark|
September 15, 2022 12:28:26 AM
Top Contributor (500+ Posts, 100+ Likes)
Please help & guide!!!!! I have one savings a/c with my name only linked to my demat a/c, & another savings a/c (not linked to any demat account) with my spouse as first account holder & mine is as 2nd account holder. Now if I apply my name application as bHNI in asba from 2nd joint savings a/c (as fund lying in that account), will it be considered correct, or will be considered as 3rd party asba application & get rejected?
@SamJos I am in the same boat. Having said that you are very well informed and have been replying others promptly and to the best. In your earlier replies also you had mentioned rejection. Can you explain why it should get rejected. Does it depend on Registrar? At what stage and how you come to know that it has been rejected.
376.2. Ou Ai| Link| Bookmark|
September 15, 2022 9:05:49 AM
Top Contributor (300+ Posts, 300+ Likes)
Answer seems simple. Your first account and Demat both PAN matches, no issue. Your wife is primary account holder with her PAN. So even if you apply from that account as joint account holder, linked Demat to this account must be matching with your wife's PAN number. She must have her own Demat or a joint account Demat where her name is first with her PAN card. Trust this helps.
376.3. SamJos| Link| Bookmark|
September 15, 2022 10:39:48 AM
Top Contributor (500+ Posts, 100+ Likes)
@Ou Ai Joint bank a/c is not linked to any demat a/c. Spouse has its own single holder bank a/c linked to her demat a/c. @AAvi, thanks for reply. I wrote somewhere about rejection is for 3rd party asba application. 3rd party asba means 1st party instructs his bank to pay for 2nd party ipo application with 2nd party demat a/c details, but 2nd party name is not present in 1st party bank account. I am in little doubt as my name is already there in joint a/c.
376.4. Ou Ai| Link| Bookmark|
September 15, 2022 11:00:12 AM
Top Contributor (300+ Posts, 300+ Likes)
No confusion ! anything where first name PAN of accountholder does not match with Demat first name PAN card is treated as funding by 3rd party. All other combinations are irrelevant. Joint account holder carries no relevance if it is not primary first name. Hope this answers
It will be considered as Third party application only for sure.... Technically as per banking and IT rules, only First account holder (Primary) will be held responsible for all the credits and debits including tax related to that account, even though you are a second holder, for Demat /ASBA purpose, it will be treated as Third party only.
Hi All, Can I apply through UPI for SmallHNI application for 14 lots or I have to go with ASBA only for SHNI category? Also, this doubt is there because bank(BOI) linked with Broker is accessible through UPI only (ASBA not activated) and other(HDFC)bank account which I have ASBA enabled is not registered with Broker. So that if I apply with Other bank ASBA (HDFC) it will come under Third party application right? Please clear my doubt for better chances of application getting accepted.
Thank you @SuneelP for your reply. If you can throw some light on Third party application scenario that will be helpful for future IPOs. Thanks in advance, Sir.
Hi Guys, I have 10 lacs of cash, How should i apply for to make better chances of allotment. Is 4-5 SHNI's is good or 1BHNI ? and In BHNI what is the basis for allotment is it proportionate or lottery. Please guide. Thank you.
373.1. SamJos| Link| Bookmark|
September 15, 2022 11:02:31 AM
Top Contributor (500+ Posts, 100+ Likes)
Overall chances almost similar with 5 sHNI & 1 bHNI, with 1 bHNI somewhat better, & definitely better than 4 sHNI. BHNI basis of allotment in case of oversubscription is LOTTERY, & 14 lots per application.
Can someone explain please? Can i submit two application with different PAN number through SBI ASBA. Aa earlier we used to. Is there any change in third party IPO application submission through SBI ASBA. Thanks in advance🙏
Hello Experts need help which will be better strategy I have 15L and 7 accounts to apply shall I go for 7 shni or 1 Bhni and 2 shni which will give me an better allotment chance. Thank you
(in my opinion) I don't think soo there are much chances in HNI compare to retail. sHNI already has only 15% reserved (5% for sHNI and 10% bHNI ) but retail has 35% ! The more application submitted in retail chances are there to get allotment.
As Far As i know you can do it! But i think allotment chances are low because Its Your Bank Account but in your family demat account your family bank account exist! So maybe this would be the reason for not getting allotment! But YES YOU CAN APPLY!
BSE sent message of Application Submission not for allotment! In which site you are checking gets you information only when allotment done. Until then its shows you NO RECORDS FOUND