I applied 2 lots by hdfc bank ltd. now i want to apply one lot so i canceled my bid. then i saw fund not release immediate. and i call in the bank they said after 3 days amount will be release. what should i do now. can i apply paper form through broker now.
You can call up your broker and see if they can accept paper form. Else, you need to have 11,600 rs in your IPO funds in ur account again and buy 1 lot.
I have applied for 17 Lots of HUDCO IPO Yesterday from sharekhan, they have given me the receipt but money from my bank has not been deducted till now ? Bank is ICICI Bank.
Can anybody tell me if its normal will I get Any Shares or Not ??
If its online, amount must have been blocked immediately
If its offline, Broker will submit it to bank and in turn bank will block fund.. They will not debit, buy, block / ear mark fund.. you can ask for a copy of Bank Acknowledgement from your Broker for your applications.
Normally Bank keep blocking the fund, after on last day of IPO or even 1 or 2 days after IPO last date. Depends on No of Application load and Holidays.
Every bank will show cut-off price Rs. 60 that''s for all applications, however when one applies in retail category the ASBA blocked amount is @ Rs. 58 i.e. Rs. 11,600.00 for 1 lot (200 shares). Trust this clarifies all doubts.
Adding to the below note, the stock is reasonably priced as it is offered at around 1.25 times its book value of financial year 2017.This stock has 5 star fundamentals and there is lot of market interest built already in this segment. Good luck..
Regarding the grey market price, i would say hold off to sell it before the listing. This is stock that likely opens higher than the listing price. You can hold off until 1 week in to listing and then decide to sell at the desired price.
703.1. dpcdsl| Link| Bookmark|
May 9, 2017 12:24:47 AM
Top Contributor (400+ Posts, 200+ Likes)
Apply with price 60/- and arrange fund 12,000/- for blocking but you shall get allotment @58/-, in Retail category, means only 11,600/- shall be debited and reaming 400/- shall be unblocked.
HUDCO is a good stock to buy for an IPO. Have researched on this and since it is wholly owned by Government, the stock rises gradually. Short term may give quick returns and for an investment medium term would be ideal. Track this stock for next 3 to 6 months and see if accumulation can be done on this stock.
--> Praveen Prakash Retail Trader - Visit - https://myforexguru.in/ More than happy to help and contribute ideas- Trade with care.. Good luck..
sbi not giving any discount and central bank is given 2 rs. discount so what is actulay?
why both different??
can any one guide
697.1. dpcdsl| Link| Bookmark|
May 9, 2017 12:27:45 AM
Top Contributor (400+ Posts, 200+ Likes)
One should apply ay ''cut off'' if option given else apply at price 60/- and arrange fund 12,000/- for blocking but you shall get allotment @58/-, in Retail category, means only 11,600/- shall be debited and reaming 400/- shall be unblocked.
Don''t bid @58/- as it shall be treated as bid at lower price, and shall be not considered due to oversubscription @60/-.
I have applied through SBI, but not received any msg from cdsl abt lien of amount.same thing happened in shankara also.now Seems there is an issue with Sbi.i m sure again there is problem with Sbi n karvy