I personally track over subscription by number of shares. You may b right at ur stand. If i follow ur logic than ans would b 4x. :) I hope this wil b helpful to u and others.
Total number of share = 200,190,000 Assuming 35% Retail Investor''s portion Number of shares for RI portion = 70,066,500 Numbers of shares per application = 300 Total numbers of applications for 1x subscription = 233,555 Number of demat accounts in India (based on info provided in this forum during Dmart IPO) = 12,00,000 Assuming 75% account holders apply for 2 applications = 18,00,000 applications Tentative over subscription of RI =18,00,000/233,555 = 8x
My personal opinion .. based on issue size of 1000 crore.. this IPO wil overall over subscribe by 50x and RI portion wil be 15-20x.
I didn''t understand your statement "Assuming 75% account holders apply for 2 application" ?? Through One demat only one application can be made .. right? Or I am missing something?
1 application ment one lot of 300 shares. 75% of 12,00,000 demat account holders = 9,00,000. If 900,000 account holders applies 1 application with 2 lots ( i.e.600 shares) = total shares applied = 540,000,000. Total sharea for retail investors = 200,190,000*35% (assuming) = 70,066,500 shares. Over subscription = 540,000,000/70,066,500 = 8x . I hope now its clearr..!!
Seems like you are changing your thought process. If I read correctly, what you wrote was "Assuming 75% account holders apply for 2 applications = 18,00,000 applications". My problem is with your maths of "18 lakhs application". In current IPO system for RII no. of time oversubscribed by application is important thing to check. Total no. of times over-subscription does not count for much.
If 1 applied 5 lots in 1 application .. or 1 lot in 1 application.. that would b investor''s choice. Hence considering numbers of application would not give u correct picture of over subscription. Where as if u wil calculate by number of shares applied, it would b more realistic. Regarding my comment "Assuming 75% account holders apply for 2 applications ".. i forgot to write "lots". Intented to write as 2 lots per application. Its not change of thought proce9ss. Its jus typo error. Concept and approach is same. :)
I think you are mistaken. In current IPO allotment practice, person who applies 1 lot in 1 application and person who applies 5 lot in 1 application, both have equal chance of getting allotment. So total no. of times oversubscribed gives wrong picture. Application wise over-subscription gives more clear picture on chances of getting allotment.
If 12lac demat accounts were at the time of dmart then how rii applied for 17lac+ applications (only no of applications not in terms of money received)
How we can check that either the application is as cut off or at the rate below the highest offered rate. If the application is below the maximum rate or cut off rate than those application will not be considered.
Say the price band is 450--460. The public is also applying at 450, 451 and so on uptown 460. The investor are also applying at cut off, whereas the investor who applied at a bid from 451 to 459 will not be considered. The issue is declared as RIIx 10. In this all the bids are counted. It is my presumption. If it is otherwise than correct my knowledge.
Hi I am novice for IPO application,Can anybody tell me, Is it possible to apply for 3 different PAN & Demat Acc. Holder from same HDFC net banking Account?
Appointment is not in our hands, but you can do one thing Dont apply in ipo if registrar is karvy This is the safest possible thing for you Dont blam to any one Karvy has alloted share to some persons It is hard luck for you that you dont get And another thing is that person keep quit when share alloted and make a noise when not alloted
why you not try to sell your application in grey market.i was sale my 8 application in demart.0 alloted but still i earn money.and all are in cash.so you did not pay tax on this if your income is more.
125. ShareView| Link| Bookmark|
March 31, 2017 4:39:04 PM
IPO Guru (2400+ Posts, 3600+ Likes)
Date still uncertain....
Only..Tentative : 10 - 12 April
One more bad news is registrar is karvy again this time also. (More frustration for the shankara frustrated.) I don''t know why admin sir is not updating the registrar to the issue
🙏👍
125.1. Eagleye| Link| Bookmark|
March 31, 2017 9:33:52 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Where did you read the Registrar to be Karvy ?
124. Eagleye| Link| Bookmark|
March 31, 2017 4:29:41 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Bhai rishi hum kon se ameer hai. Naye investor jyada lalchi hai 20 20 demat a/c open kr rahe hai. Or sebi ko rule change krna chahiye. Fii ka portion kum krna chahiye
Only 80 shares if we assumed hni subscription 250 times.......so better to try your luck in retail portion with Rs. 15000.00 per application ...if luck support u easily get 300 shares in Rs. 15000.00 instead of Rs. 10 lakhs where u will get only 80 shares
REGARDING HUDCO LTD How much bids to be applied for max chances of allotment (between Rs 15,000 to 2,00,000) as an anchor or retail investor) I am waiting for your valuable suggestions Thanking you in anticipation
120. Eagleye| Link| Bookmark|
March 31, 2017 12:01:32 PM
IPO Guru (6600+ Posts, 21900+ Likes)
HUDCO IPO – Schedule (Tentative)
13th April – Anchor Investors 14th April – Market Holiday for Ambedkar Jayanti 17th April – Offer Opens 19th April – Offer Closes 24th April – Finalisation of Basis of Allotment 25th April – Unblocking of ASBA 26th April – Credit to Demat Accounts 27th April – Listing on NSE & BSE
Stock Baba ji, honestly you can''t find any patterns in the allotment. Kisi ko 3 me se 1 laga and kisi ko 4 me se 1 and kuch be15000 ki application)... All the best..