Hyundai Motor India Limited IPO Message Board (Page 113)

Without anyone knowing at what price band Hyundai will come to market, all the bla bla around GMP is just for time pass.

Nothing to worry, GMP will stabilize (whatever it may be) only when price band is announced, till then it is just for our entertainment and carries minimal value.

​@Esparando True. But, Punters are saying it will be around 1768. Uptill now, they almost are bang on target. They start buying/selling according to leaked price band only. Lets see what happen. If it is well below this, than definately gonna attract lots of Bees.

Hyundai said 18-20 billion valuation. 1758/- looks to be at lower band. If its gonna be 1758/- it will be at par with Maruthi FY25. So I think then GMP of min 15-20% is given.

But the only problem is, as it will be clearly compared with peers, any fall in their valuation in the coming days can bring down the GMP as well and same can happen in the positive side if peers move up. So multiple moving parts and only close to the IPO dates it will be clear.

But most most likely it definitely does not seem to be a 50% GMP candidate as early GMP numbers being predicted.

Punters have decided not to start grey without pricing from now onwards.

Hyundai, as per current info is only offloading 17.5 %. They still need to sell atleast 7.5% before next 48 months.

My guess is 1500 Rs. They will either bring down ipo size or increase no of shares. Eventually make it sweeter.

Or if Nirmala Tai, wants the Euphoria to pause, they may still bring it at 1750.

Nirmala sitharamam and Hyundai IPO price has no relation. I guess you are saying this on a lighter note :-)

I belive we should not look at this stock for short term , it should be looked as a long term story

​@Doctor strange 
Agar galti se discount listing ho gayi, to long term ho hi jayega.

​@Rich Guy 😉  are bhai..😀

discount listing is very unlikely in this one

​@Doctor strange 
Aap kah rahe honge to thik hi hoga. aap doctor strange hain, aapne to saari sambhavnayen dekh li hogi. 😂

​@Rich Guy 😉  Jokes apart , this will be part of my core portfolio for long term ..
Should be a long term wealth creater

​@Doctor strange 
No doubt, company is good, my only concern about valuation.

1000 is for few seconds volume seen between 700 to 750 ....

320 now

300 now. I would be skipping both Hyundai and Afcons IPOs. All the best to everyone who are applying. Hope it doesn't disappoint.

420 rs buyer

​@NayaknahiKhalNayakhumai Let's see on last day whether you stay on your word or not. Don't make decisions only based on gmp there are many examples in past where low gmp ipo create wealth for investors like mankind,rr kabel,signature global, jsw infra, ireda and many more and institutions investors and qib like big size ipo where they can get their desire quantity . If market sustain current momentum and no geopolitical issue then this ipo definitely not list below issue price.let them decide price band

​@A. Rajput I think none of the names you mentioned were big ticket IPOs. In fact not even half of what Hyundai is raising now. Isn't it? Anyways I told what my I am going to do. My best wishes to you for bumper listing gains and also for long term in both these IPOs.

AU Bank ASBA allows us to apply in IPO BHNI, SHNI, Retail till 3:30 Pm

IDFC till 3:30 without OTP(recent change without OTP, not sure it is permanent)

RBL till 3:30 with OTP, very smooth these days.

Long term ke liye sahi hai kya

I am also have same question....

​@Som mca i am using IDFC first bank.. interest rate of 7.2% above 5 lakhs, IPO application through ASBA, no bank charges etc...

IDFC
+
Dhan

Good combination

Quick opening process

Go for it, Kotak is one of the best 👌

I am using many bank asba for ipo and i prefer u AU Bank for ASBA service for your all 5 requirements.

​@Rajesh s.  Thank you, I will take that suggestion into consideration. Just a question - doesn't AU Bank charge for IMPS transfers, SMS alerts and other such transactions?

​@The Stock Sensei  I have 3 Au "Royal Accounts" of my family. It opens with minimum 1 Lac rs. There is no charge of any service, no debit card annual charges, free unlimited IMPS and two free movie tickets per month, reward points and benefits of many more offers u can enjoy.

Kotak is best cut of for IPO Asba
No need to enter Dp id or Client every time
One time otp needed only & cut of time for retailers is 4pm below 2lac
It just take 15 to 20 sec to apply

Au bank is good 👍 but
I have shifted from bob to IDFC bank and got more than anticipated allotments even in SME and highly over subscribed main board IPO.(Since 4 years)

Prefilled details
Great saving interest rates
Good customer care
No charges in any of facilities
Cut off time (R-4:30,H-3:30)
net banking and digital banking goes very well
Never ever missed subscription or bidding failure
They are offering many vouchers but we didn't avail

Allotment/non allotment is luck and part of the game but in bob some times they didn't bid our applications properly in past

I like 3:30 pm cut-off time and progressive interest rates most

Everyone hate Linkin time but i got most of the time allotments
Everyone hate big share but I got FIRST time allotment of SME from them
Everyone loves kfintach but I got least allotments from them

It's your luck that only matters nothing else

​@The Stock Sensei As you new here, just for your info, Bank dont have any role to get allotment. You have to check some other parameter to selection of bank, if are a professional IPO trader/ investor.
1. Last day cut off time
2. Better UI in Web and mobile banking, prefilled with multiple DP in ASBA.
3. Better interest rate for SB
4. High fund transfer limit, no charges for IMPS, RTGS, ATM, SMS
5. Fast unblock in case of non allotment
6. No freeze, no other hassel like - slowness, site down, UPI down, Re-KYC etc.
7. With less minimum balance to maintain.
8. Movie ticket, Free Airport Lounge access, Discount on ecom site, Reward point are added advantage.
** Allways open account by physical mode, not through video KYC, No Zero balance.
For all of the above as of now IDFC is the best as per my experience. Recently I switch from BOB, SBI, HDFC and open 3 IDFC AC(25K varient) for 3 family members. You can experiment your own. @Rajesh Fuliya @harit

​@Rajesh s.  Thank you again, yes AU looks good but I am a little limited on the minimum balance requirement and don't want to pay transaction charges to any bank for basic services.

@Rajesh Fuliya  yes, Kotak is on my mind as well. Also, I guess it provides the added benefit of Sweep-in FD, zero balance, etc. I guess it had some problems on the last day of Bajaj IPO though? I may be incorrect though

@harit  Thanks so much for your valuable suggestion, and yes it feels good to know you have been alloted multiple apps from IDFCFirst :) I used to get allotments via Linkintime 6 months back, but recently in the last 6 months not a single allotment with Linkintime + SBI/BOB, so hopefully switching to IDFC might prove lucky in that regard ;-)

@Som mca  Again, thank you so much for your guidance. It looks like IDFCFirst bank proves beneficial on quite a few parameters so my inclination is towards IDFCFirst has grown more now. I have a couple of questions for you though -->

1) Is there any daily funds transfer limit in IDFCFirst? e..g in SBI, there is an overall limit of 10 lakhs (all modes included) daily.
2) Are you using single netbanking credentials for all 3 family members or each one has different userid/password for netbanking? Reason I ask is if there is a single netbanking credential, won't it result into two of them being third party applications? It's easy to manage if we had a single netbanking ID for all family members but I guess we can't apply for IPOs for all of them since it would be classified as third party right?

​@The Stock Sensei 
I am using Kotak and IDFC but found IDFC to be better. First, it does not need an OTP for log in to the net banking which Kotak requires. This may be useful when you are applying from somebody else's account. Also, sometimes the OTP takes its own time to arrive.

Second, the interest earnings from IDFC is much more for the same amount in Kotak. This is due to that fact that while IDFC gives a good interest rate on savings account (around 5.5% for amount 10 L), Kotak puts that amount in FD. When you need even a small amount (to transfer or withdraw), Kotak will break the FD and the returns would be very minimal.

Third, IDFC worked smoothly on BHFL last day while Kotak did not.

​@The Stock Sensei With IDFC multiple account login with same mobile is tricky. You will need to plan and discuss with your IDFC person (someone old in the system) to open it correctly. Because, later making changes is a pain. And the executives keep on jumping out of IDFC. Additionally MINOR Online asba not possible in IDFC.
Rest all is fine.

​@The Stock Sensei I am having my huf and personal savings account with IDFC..Huf account has 1 cr daily transfer limit and saving account has 20 lac daily transfer limit..if you want to increase daily limit they want you to keep funds accordingly for that..

IDFC has policy of one mobile number per account..they don't allow even family member account with same number..

So far happy with idfc bank .. planning to open 1 new account with AU bank as suggested by forum friend@Always Be Positive Karma will decide

​@Rajesh s. Are those family members accounts linked with one mobile number??

​@Tejas Pandya No. All are with seprate numbers. I didn't try to link with one mobile number But i can ask Bank Manager if u wish .

Hi CGs can u suggest for me also.
1) Good service
2) Linked FD to apply in IPO
3) absa till 3 or 4
Any other features ;)
Thinking of AU SFB as per requirements can anyone explain about AU service.
Other than au any other bank?
Thanks 🙏

​@Rajesh S Thanks..i am going to visit au branch today..

​@Tejas Pandya ,@GrayIsTheNewBlack 
@rajesh s
I'm also planning 1 saving account,i heard about au royale account for continuous 2 lakh balance
I don't want to indulge in FD links,so which bank gives more interest in 2 lakh saving account (other than IDFC)? with hassle free ipo subscription and auto fill details, monthly interest payout and no frills?

​@Tejas Pandya Im using 2 accounts from same mobile number in IDFC connect with your branch they will create manually by linking the Mobile number. Yes you can't open account number with same mobile number but after opening you can change mobile number manually if within 30 days of opening if you wait for 30 days you can change from App itself

​@harit IDFC didn't submit bid twice in past 3 months. I was searching in Registrar allotment page but couldn't find. I applied at 2pm of last day.

​@Arun CSK IDFC का नियम बदल गया है मैं इस शर्त पे अकाउंट खुलवाने को तैयार था कि १ महीने बाद चेंज करने को मिलेगा नंबर पर एग्जीक्यूटिव ने साफ मना कर दिया कि सिस्टम आपका नंबर ही नहीं लेगा अगर वो मोबाइल नंबर पहले से मौजूद है सिस्टम में.. वो अपने अकाउंट का नुकसान क्यों करेगा जब की उसे तो बिजनेस मिल रहा है..उसने बोला पहले मुमकिन था अब नहीं है..
​@harit આનંદ ભાઈ AU માં ખોલવો હું વાઇફ નું ખાતું એમાં ખોલવાનું વિચારું છું..૩.૩૦ નો કટ ઓફ ટાઈમ છે hni અને રિટેલ બંને નો..૫ થી ૧૦ લાખ માં ૬% વ્યાજ છે અને ૧૦ થી ઉપર ૭%

​@Tejas Pandya  ભાઈ 5 થી 10 લાખ માં 5% વ્યાજ છે 6% નહી. ધારો કે તમારા ખાતા માં 10 લાખ છે તો તેમાંથી 5 લાખ નું 4% અને બાકી ના 5 લાખ નું 5% લેખે મળશે. @harit  Not 2 lac but 1 lac only and u can add 5 more family members account as group and u will have to keep minimum 1 lac balance in 1 account or total balance in all 6 accounts should not be less then 1 lac. Its Easy.

Hello everyone, thank you so much for taking time and effort for a healthy discussion on this important topic. It's good to see this.

​@antarix  Thanks a lot for putting forward your points, it's a tough choice between the two but yea my inclination is more towards IDFC now. Those who couldn't apply on last day in Bajaj was a costly miss!

@WorthLearning  Thanks for the insights, yes perhaps need to have some app to clone the parent app like it was mentioned by our friend Tejas Pandya earlier.

@Tejas Pandya Thank you for letting me know the limits on Savings account, that helps. One mobile number per account is kind of a disadvantage for IDFC :(
Btw, have you figured out any trick of applying multiple IPO ASBA apps from a single netbanking account (SBI, Kotak, etc allows max 5 I guess) but should not be considered as a third party application. Seems difficult though. From what @Rajesh s.  mentiond in his last comment, maybe it's possible in AU Bank?

​@The Stock Sensei I am meeting au bank guy tomorrow for account opening process..will let you know tomorrow..as per my telephonic conversation it's possible 1 mobile number for family accounts in au bank..but let me confirm it tomorrow..

​@Tejas Pandya  yes please do let me know how it goes. Also, if possible check the possibility of having multiple AU bank accounts linked to a single netbanking ID (for applying IPO without it being considered as a third party app), I highly doubt it but who knows.

​@The Stock Sensei Hi, I am using Indusind Bank saving account from 2007 onwards for 12 family accounts and by and large very satisfied. Its hassle free and earning interest as per applicable slab of bank balance. One can open FD and linked with SB Account and earn higher interest rate. Have got 50 L transfer limit for each account. (Individual need to have debit card for this limit enhancement, as default is 25 L)
Hope this helps you.

Respected senior members,

Anyone can please explain what is Linked Fd service.
and how it is benificial with example???

Thanks in advace.
@Chhote Lal @Owais Naik @Tejas Pandya @Rajesh s. @harit @Vimal Garodia @Som mca @WorthLearning @Harsh Newguru

​@Hope For Good When you link your FD to your saving account, a certain amount of money from your savings balance is automatically transferred into an FD. This amount is known as the linked FD balance.
Benefits like Higher interest rates,flexibility and liquidity,Tax benefits etc

​@Hope For Good Some banks provide this facility ICICI ,YES and KOTAK amongst them..

You simply create linked/sweep in FDs and apply for IPOs, the funds in FDs will be taken into account for blocking of funds..

As long as you do not get allotment, your FD stays intact. If you get allotment and the funds are debited then your FD gets broken partially or fully..

But, to avoid that just top up the required funds before the debit of funds for allotment. This works when funds are debited after allotment.

Some registrars, banks debit funds and then we come to know about allotment...

Hope this helps..

Thanks @Vimal Garodia 
Does that mean i have created Money Multiplier(ICICI calls it as - Money Multiplier) in ICICI for 1 Year and suppose i did not get any allotment till 1 year my FD amount remain as it is???

because currently i call to ICICI Relationship manager and he told me that if you apply for IPO then Money block throgh ASBA is from Saving acc Balance and not from FD balance. means he said that on applying IPO fund will automatically transfer from FD to Saving acccount.
@Owais Naik

​@Hope For Good I and many many members of this forum are using it without any problem..
Yes, your understanding is correct, your FD stays intact.
I do not know why your RM is saying that..

If you have an Ac in ICICI, then try with one small FD, Hyundai would be a nice IPO to try for that because retailers are almost certain to get allotment in that IPO..
Your choice..

​@Vimal Garodia  How are you going to approach this IPO? I know it's good to be secretive but it would be even better if you divulge your plan for the understanding of the masses that comprise of people like me.

​@Nothing New 😊😊haha, secretive 🤔🤔
Not really, it is too early to decide. Let the price band be set and declared....

​@Vimal Garodia  Sure! But do let us mortals (figuerative) know of what you have on mind. As always, taht too might help a lot.

​@The Stock Sensei The au bank guy visited today and he told me that with 1 lac royal account you can add upto 5 accounts but was not clear about single id thing ..i advise you to connect au bank senior officer for clarification as some of the bank employees also don't know things much about their product..i have opted for royal account for my wife's case..may be our friend @Rajesh s. can shed some light as he is already using au account..

​@harit @Som mca 
Sir, which category to select in idfc while applying in Bhni category
1. Individuals - retail & hni
2. All entiries other than QIBs, bodies corporate and individuals