119. Kapz| Link| Bookmark|
September 11, 2022 10:28:26 AM
IPO Mentor (600+ Posts, 300+ Likes)
My first post here in the six months of using this forum. Greatly appreciate wonderful inputs from several members from what I’ve benefited immensely. My regards to each one. 🙏
Mumbai and Ahmedabad were on top, is now on top and will always be on top, I hope so. Harsha is from Gujarat and commanding a premium of 60%. Enjoy Sunday.
114. jajo| Link| Bookmark|
September 9, 2022 4:53:27 PM
Top Contributor (300+ Posts, 200+ Likes)
The listing of Harsha Engineers IPO has a long gap of 10 days after the closing day on 16/09/22. Even after excluding the Saturdays & Sundays, its on the 6th day the listing i.e. on 26/09/22. I don't think there is any public holidays during that period. Any specific reason for it?
Listing is always T+6 Days 14-16 issue date 17-18 Non Working days 19-23 5 Working days 24-25 Non working days 26th is six day
114.2. jajo| Link| Bookmark|
September 9, 2022 10:35:20 PM
Top Contributor (300+ Posts, 200+ Likes)
Dear Darpan, thanks for the response. You mean to say that it takes 9 working days to get an IPO listed from the date of opening to listing day? I think SEBI should improve the whole IPO process much faster as the technological advancements helps every work easier and faster.
@jajo Do you think that it is possible to complete total procedure in 3 or 4 days and even if the holidays are also there. Do you know that we are even not sure to subscribe on the day first. We wait for the figures of QIB and HNI and subscribe accordingly. Exceptions are always there. How many agencies are involved in one IPO. Registrars work even on Saturdays even if the Banks are closed on 2nd and 4th Sundays. In my opinion, I know which is not possible, still writing : IPO: Open for 1 day. Allotment procedure : 2 days. Unblocking and credit of shares to demat : 1 day. Listing of shares : 4th day. Payment from Broker : Next day after listing. IPO to open Mondays only and no holidays in between. Working hours for agencies: No matter for us. Technology is created and operated by human. I hope that this should be the best schedule for any IPO in view of the investors. We should also be efficient and confident. Take it lightly.
May I request someone to please clarify one issue please. At times IPO is over suscribe in HNI category- first or second day only. One thing is clear that in SHNI or BHNI, one will get 630 shares only (this IPO case), if allotted during lottery. Only difference is probability differ in these two cases. Now from 14 lots to 67 lots/ 68 lots onwards one will get only 630 share by lottery. If it is lottery same as in retail case then why people apply for 15, 16, 17 ........ 69, 70 ....and so on.
113.1. Imhilli| Link| Bookmark|
September 10, 2022 6:07:55 PM
IPO Guru (1200+ Posts, 700+ Likes)
In main board IPO, there is no merit in going beyond the minimum lot size, if it is oversubscribed... applicable in RII, SHNI as well as BHNI. But the case is different in SME IPO. There the chance of allotment increases with the number of lots.
112. KAPPO| Link| Bookmark|
September 10, 2022 5:47:24 PM
IPO Guru (1100+ Posts, 800+ Likes)
What is the meaning of S-HNI & B-HNI & how does the allotment differ in these categories.
110.1. B.M.SURANA| Link| Bookmark|
September 10, 2022 5:29:06 PM
IPO Guru (2600+ Posts, 4900+ Likes)
@HareshBiladani 1- SHNI - SMALL HIGH NET WORTH INVESTOR ABOVE ₹2L APPLICATION 2- BHNI - BIG HIGH NET WORTH INVESTOR ABOVE ₹10L APPLICATION [ MERE HISAAB SE ]
One doubt. Can I block more then one application money in my bank account with DIFFERENT PAN . I am using service of SBI .
108.1. Kami| Link| Bookmark|
September 10, 2022 3:59:01 PM
Top Contributor (300+ Posts, 100+ Likes)
Yeah, Use sbi netbanking to add another ipo applicant And use sbi yono lite to apply for that applicant, (asba method) This is secure mathod The other method is using upi I'd to block money in same account but different demat
Asba method is secure because some people got a non allotment message stating reason of non-allotment is 3 party application through i.e In my opinion go for asba as there are no complaint
Bhaiya shni and bhni me allotment lottery basis par hi hoga means if ipo is over subscribe (assume 20x in shni category) then if you apply only 1 application in shni(50 lots) then your chance of allotment is 100/20= 5%
I suggest you to apply 3 application in shni category OF 14 Lots each thorou different PAN Hence your allotment change increase by 10% (15% chance of allotment)
Your doubt is you apply for 50 lots and subscribe is 20x then why allotment chance is 5% it's answer is because of over subscription any person apply in SHNI category will alloted maximum 14 Lots (630 shares)