Needed one info. Is there any bank which allowed multiple ASBA applications ? Like if I have saving account in my name, I can apply for me, my relatives (If all have separate Demat account). Let me know if there is any bank like this ? So no need to transfer money to different accounts ?
No, ICICI bank allow application only for the same name as saving account holder. That''s why asked is there any other bank which don''t check name with saving account holder name.
listing expected around 385 if the day in the market is flat, for any negetive mood listing @ 350 if the market is +ve then listing still @ 385 will move upto 403
I had applied for 3 lots with 3 applications, 2 at cut off price on first day and 1 at Rs. 322/- on third day in retail category, but got no allotment. What can be the reasons of no allotment though everyone has got atleast one lot in retail category.
@Gagan If you apply multiple application with same PAN, issuer has full right to reject all applications. Its clearly mentioned in RHP. Its better to apply different application with less no of lots in different people''s name. It increases chances of allotment also.
I have read several comments from shareholders category applicants. Few of them get the allotment. I also applied for 3 lot in shareholders and 1 lot in RII but get only 1 lot in RII.
In shareholders category, who would get the allotment while we have applied on cutoff and the bid on butoff was around 0.40% in category not fully subscribe on cutoff.
That''s what I''m thinking. Strange indeed. Although I don''t have much experience in share markets, it seems that the shareholders haven''t got a fair deal.
I got allotment of 61 shares in one account. One more retail category 44 shares alloted Shareholder category another 44 shares alloted.. 149 shares alloted total...Friends whats the premium expected on the listing day
Congrats to the successful applicants but I am not one of those. I applied for 07 lots @ cutoff under shareholders reserved portion (SRP) and got zero. I should have applied in parts in both RII and SRP. I don''t understand the point of SRP if there is no edge for the existing investors of ICICI Bank. Strange policy indeed. Nevertheless, a lesson has been learnt for future endeavours. Thanks.