I have applied for 8600 shares via offline application under employee quota. Application bid status is showing in BSE website but the amount is not blocked by the bank as of today. Also I have approached the for the same in the bank they are saying that they have received the the application not on time and not processed my application till the evening Any chance of the getting shares if the amount is blocked tomorrow. Kindly give suggestions. Thanks in advance.
When BSE website is showing your bid status of 8600 share ,then you will be alloted 8600 share. blocking or not blocking of amount is no matter. On allotment your bank a/c will be debited. So maintain sufficient fund in your account . Good Luck.
1103.3. Chem cho| Link| Bookmark|
May 16, 2017 10:23:51 AM
IPO Guru (2600+ Posts, 2700+ Likes)
Only blocked applications are processed as to my understanding
procedure is bid status by broker is ok , but the broker has to submit the form to the respective bank in time ie next day of closing of IPO , Since the bank say they have not received the application in time , your application will be rejected , sorry for the frank opinion
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May 16, 2017 10:27:53 AM
IPO Mentor (700+ Posts, 1200+ Likes)
Share allotted to you,hold is not matter Data sent to registrar via bse not bank
So it means it not worth to apply more then one lot if it is subscribe too much like hudco and there is no difference in application which have eg 15 lot or which have 1 lot.. All r given equal priority in lottery..