Harsha Engineers International Ltd IPO Message Board (Page 49)

Hi All,

I am new to the IPO's , Need your help to understand the Ipo application submission process.
i have only one demat account, While applying it's show upto 3 bids we can do, is this 3 bids will consider like 1 application or 3 applications?
if it is a single application, all the 3 bids should be in either Retail/ Shin? or can we club both in 3 bids ?

Both retail and sHNI will be in lottery as it will be over subscribed. Wait till 1 or 2 pm on day 3 and you can decide based on subscriptions in these 2 categories.

@Pradeep CH

Obviously, apply 1 sHNI, because better chances of allotment.
Subscription figures depends on total application amount, while allotment depends on application number.
For example, Syrma RII quota wa oversubscrobed 4.52 times, total applications were 671816 for 68 shares & allotment was 65:237 ~ 1 in every 3.6. sHNI quota was oversubscribed 14.78 times, total 10634 applications for 4556 share, & allotment was 43:126 ~ 1 in every 8.46 applications.
See difference between oversubscription figure & ratio of alloment in both, RII & NII.
So if fund is available, go for sHNI or bHNI. (That is most retail investors are doing right 😜).

Dear All Seniors,

I need help. For example if SHNI subscribe by 14 times.

So everyone will get 14 lots 1st plus addtional shares if available ( because in this category everyone applies for more than 13 lots ).

I am right or wrong ? Please clarify

If SHNI is subscribed 14 times than only 1 applicant out of 14 will get 14 lots, rest 13 will get nothing.

If shares are in excess after alloting 14 lots to each sHNI applicant, additional shares will be distributed to those who had applied 15-16-17 & so on lots applicants, & not to those who has applied exact 14 lots.

For example, company declared ipo with 56 lots in sHNI, & received 4 application each with
14 ,14, 28, 56 = total 112 lots.
So technically sHNI subscription is 2 times. But it is not like that one among two application will get allotment. Actually all 4 applications will get 14 lots each.
Now think company declared 58 lots in above example. 56 lots will be alloted as 14 lots per application but additional 2 lots will be distributed among 28 & 56 lots applicants, & none additional to 14 lots applicant.

Latest Gmp 235

Please guide whether to apply in big HNI Rs 1009800 or more than that. Whether both have same chances or its better to apply more than BHNI.
Thanks in advance

If you have sufficient funds for all bHNI applications then you can select some odd figure more than 10lacs (no. of shares in multiple of 45 & amount in multiple of 14850), requirement is same amount should be selected for all bHNI applications.
Theory being, say you have 10 bHNI accounts & bHNI quota is oversubscribed by 100 times. At minimum bHNI level (68 lots), there may be 40-50000 applications, where your group of 10 application will be easily lost. But at higher amount say near 40-50-60 lakhs, there will be 30-40 applications, where your 1 out of 10 applications each with same amount has very high chance of allotment. IPOgurus like lokes,M.Ravi, shahukar, Avenue & others may correct me if biased.

@samjos: both are having same chances, no logic for high chances and no point in blocking more money....1 from 10 will have same chances which 10 from 100 is having, ratio will be same, so there is nothing like application will be lost :) everything will be part of lottery and practically/technically will have same chances. In BOA they are giving very few examples so more things cant be made clear like how many applicants are there at various amount of lot sizes and how being single are treated or how being below 0.5 of ratio are being treated etc etc....so better is to apply minimum, rest depends on everyone's luck

Why its showing discount in retail category ....there two options employees and individual retail ..i choose retail but its still giving discount

Hi everyone,
Can anyone tell me if there is any difference in applying more lots (ie more than 100 lots) instead of 68 lots if I have no other PAN for application or it will be same to apply for only for 68 lots.

No difference for one pan / one demat account. Alloment is by lottery, not proportionately.

how many lot allot if BHNI Category oversubscribed more than 10 time ?

Oversubscription is based on total of amount on all bHNI applications, while allotment is based on no. of applications.
10 times oversubscription does not mean one in every 10 application will get alloment. Ratio will be less than that.

In Big Hni allotment maximum is 2lacs or full allotment

bHNI or sHNI, allotment is same, 14 shares.

Hi guys i have applied in 5 shni account but durring filing last application i noticed there is dicount and when i applied to 630 shres it asked for 207900 but there was discount of around 20000 does this mean my application would be in retail account or shni category

Dear by mistake your last application was submitted in employee qauta so there is discount show

no pratik its all in individual investor u can see that in zerodha its showing discount

Hey Guys, I was filling up the IPO form, applying through my Pvt Ltd. Company and Partnership Firm(2 seperate demat accounts). Does anyone know under which category should it be applied ? From the following:

CO-BODIES CORPORATE
FI-BANKS AND FINANCIAL INSTITUTIONS
HUF-HINDU UNDIVIDED FAMILY
IC-INSURANCE COMPANIES
IF-INSURANCE FUNDS
IND-INDIVIDUAL
MF-MUTUAL FUNDS
NIF-NATIONAL INVESTMENT FUND
VC-VENTURE FUNDS
NRI-NON-RESIDENT INDIANS
OTH-OTHERS
FlI-FIl
FVCI-FOREIGN VENTURE CAPITAL
EMP-EMPLOYEE
AIF-ALTERNATIVE INVESTMENT FUND
FPI-FPI
NOH-Entities other than QIB/CO/INDICATES

Axis bank net banking ASBA facility not working. When I go to IPOs in Investment it directs me to another window which gets reloaded again and again. I have even cleared all cache on the chrome browser.

Kindly give any solution to the above problem.

try tommorow even hdfc mobile app also not working properly

Third party asba relevant in this ipo ???

As per the mail confirmation from the registrar, third party ASBA is liable to be rejected. If you still get it somehow then it's your luck!

Logo ko first party nhi mil rha.. Aapko 3rd party kaha se milega?

Dear experts,
Allotment on SHNI and BHNI category will be clubbed or seprate because all will get 14 lots only pls confirm.

Shni and bhni r separate categories with 5% allocation for shni and 10% for bhni

I am holding shares of Steel Authority of India from last 6 months, company declared dividend and it's ex dividend date was 28/7/22 but till date I didn't receive the same.
Please tell me where to complain of it.

Dear monster Zero,
Please advice on tgv , likhita can book profit or wait, please🙏 suggest exit level on both. Sir any news for zee media.
Thank you once again your suggested stock I am in profit.

Profit agar 25% hai toh book karlo... re-entry le lena wapis.... likhitha 375 is resistance
Tgv free flying so... circuit ride karo
Zee is operator play..,do not indulge in sinister stocks. Public ko bewakoof banane me expert.
Zee, cnbc, moneycontrol.

does anybody applying through offline from via bank branch?
If we download form from nse . do we necessarily have apply stamp of broker and syndicate bank or not?

I applied and received sms from NSE but Not received mail.
So it is better to cancel and re apply
(Upi request not accepted)

All Senior Members, please help me where i am going wrong. i have been applying for one lot in selected IPOs using Axis bank ASBA facility. now i decided to apply for 18 lots of this company and put 810 (45 18) and selected BID PRICE TEXT and put the amount Rs. 267300. when i pressed proceed button, it is not take taking me to the payment corridor. it is showing message as "THIS CATEGORY IS NOT AVAILABLE FOR BIDDING FOR THIS IPO. i have selected NII category as well instead my regular category of Retail. Please guide me. thanks in advance

@Nusrat
Please enter 330 in place of 267300.
Second figure will come automatically on the next page. Your application will then be accepted successfully.

@PKRAJ. thank you so much for your kind guidance.

Dear members how can i apply in Shni category through Zerodha?

Please answer

@MOJOJOJO
Thanks sir got it.

@Varaha, yes, lottery based but allocation for retail will be 1 lot, for sHNI and bHNI will be 14 lots, not 1.

Esteemed participants,
I am new to the forum and IPO investing. I want to know whether investing in HNI section ( big HNI ) is of any advantage. Will it make any difference if I bid with 11 lacs versus bid of 25 lacs amount. If it is a lottery then ideally there should be no difference. PLEASE GUIDE

@KAPPO @Lokes @Avenue @Sree Vas @Amit Surana @Ravi @other Experts

I have 3 demat accounts and can manage fund approx 12-14 Lakhs. What is the best way to apply to get more number of shares ?

Please help. Thanks for all your contribution and guidance.

Thanks a lot Experts.

Based on current subscription nos., the odds/ chances are -
Retail - 1 : 3.22
sHNI - 1 : 7.64
bHNI - 1 : 1 (for 14 lots allocation on 4.92x over subscription)

On that basis, 1 bHNI and 2 Retail applications will have a better chance.

Of course, the numbers will change by day 3, when odds will change too.