ICICI Prudential Life Insurance Company Ltd IPO Message Board (Page 41)

So ASSUMING this is correct, even if the retail application multiple was 1.44; actual allocation ratio will be lower for anybody who has applied for more than one lot. This will be so because a large number of people would have applied for ONLY one lot and they all will get 100% ( 1 lot ) allocation as well.

By the way, are you based out of Australia

I m living in Melbourne. I m applying in IPO as nri.

Pankaj, i am about to move to Australia ( Sydney ) in next couple of months (PRP). Is there anyway I can get in touch with you for a few queries related to investment in India while based in Australia. Thanks

Very correct, from the begining itself i''m maintaining allotement will be 44 or 44+proportionate, as per ur bid size, when people were telling FULL & FIRM ALLOTEMENT.

Thanks so much Septa. Really appreciate your positive words. Am rather new to the forum and have liked your various posts. Obviously did not have a clue that you have any linkage with Australia as well. Do have some queries related to how my movement will impact my current investments and also my future activities, particularly in relation with Indian stock market. Wonder if could request you for a broad idea. Thanks ..

Septa / Pankaj - my mobile number *********, hope this is not against the forum rules. Will appreciate if we can have a brief chat. Will help me immense. Thanks

Your friend has to issue " Delivery Instructions Slip " making you as beneficiary & submit it to his broker. The shares will then get transfered to your DP AC within 24 hrs of submission.

From IT point of view since you have invested, you can justify it as tempotary non interest bearing loan to your friend & in return he can justify transfer of shares in lieu of loan at IPO price. Note that while your bank account will show a debit, your friend''s bank account will not show any debit or credit. As such, your friend may not have to explain anything since IT officers will only scrutinise bank accounts. Investing in family members names is acceptable to IT officers but in friend''s name they may raise doubts. This is my thinking only. Members who have got experience in this matter may throw some light on this important topic.

Sharing of real experience with IT officers on this aspect by any member will be of great help to others.

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Tnx very mutch

Thank u arjun

Wellcome & thank''s sir

Welcome arjun sir