Dear Experts, Can i apply 04 lots in shni in harsha Engineers Or Can i apply 04 lots in retail application in annapurna swadishta sme ipo. Which is best option to get allotment due to limited funds.
I got one demat account can i bid through asba from two different bank account & one more bid through upi mandate. Will all bid be accepted.. Thank you all.
Can i bid for 2 lots or more in one application or this will also get rejected
164.3. Kami| Link| Bookmark|
September 12, 2022 5:06:49 PM
Top Contributor (300+ Posts, 100+ Likes)
you can bid 2 lot instead of 1 lot while applying, but that does'nt benefit you because you will get only one lot if your application get allotment under 2 lakh retail- you get 1 lot Shni under 10 lakh- you get 14 lot Bhni above 10 lakh- you get 14 lot if you can go SHNI you will get 14 lot if alloted
You can bid for approx 13 Lots below 2Lac from one PAN and ASBA or UPI.
But payment should be only thru Either of the modes for one PAN, You cant make one Application thru ASBA and another thru UPI. Both Applications will get cancelled.
163. B.M.SURANA| Link| Bookmark|
September 12, 2022 3:51:22 PM
IPO Guru (2600+ Posts, 4900+ Likes)
Harsha engeenering Retail 35% 7981060 Shares - Rs. 263.38 Cr. Lot Size 45 177356 Forms 1 time Application wise. Maximum 21 Lakh Forms Aane chahiye 10-11 times Application wise. Rejection k baad Retail Allotment 1 Out of 10 Applications
Hostpacker its fancy in grey and information flow on social media are creating demand Remember 1 year back 24 to 30 lakh applications were received in such high gmp ipo's
163.4. B.M.SURANA| Link| Bookmark|
September 12, 2022 4:18:13 PM
IPO Guru (2600+ Posts, 4900+ Likes)
You just modify and apply the required number of lots for HNI (more than 2L value for SHNI and more than 10L value of BHNI), it automatically takes u as an HNI.
Thank you IPO Life and hitsur. Also can you please guide whether i should go with BHNI application or SHNI if funds available for both. In which category chances of allotment will be more(SHNI or BHNI?). Thank you
Please see the note at the bottom of the menu appearing while applying thru SBI online banking ASBA. It says that application for value above Rs. 2.00 lac will automatically counted as NII. Hence, I think although there is no menu option other than Individual, if you apply for more than Rs. 2.00 lac , it would be clsiified under NII (SHNI or BHNI)
On the basis of lottery hi tumko allotment hoga. In retail category chance of allotment is more compare to shni . But profit is 😁 you know what I mean !
Based on oversubscription, most likely SHNI will have slightly better chance. Difference will be in what you are allocated.. in retail only 1 lot, in shni 14 lots.
@Ajaysinh Jadeja, you are right in saying SHNI was more subscribed than retail - but only at absolute no. of shares level (totally based on magnitude of minimum shares to be applied for HNI category). In terms of no. of applications, SHNI ratio was lesser, which is what generally matters for chances of lottery. But yes, sometimes, the ratio can favour RII more than HNI. Will have to wait and see how the subscription goes for Harsha
@Kumaru Yes you can have multiple demate account with same PAN number but you can apply only from 1 demate account, if you apply from two account with same PAN your application will get rejected.
154. Silent lion| Link| Bookmark|
September 12, 2022 11:54:23 AM
Top Contributor (300+ Posts, 100+ Likes)
@ monstor zero Sir u r such genius.. TGV today running 10% up side ... Tx sir..
Retail oversubscribed hoga 10 times Shni o/s hoga 30 times Toh retail main aap chahe 13 lots lagae aapko mileage 1 lot hee Shni main chances kam honge but aapko milenge 14 lots