How did you actually confirm the website/domain is less than 2 years? the 651 days old?
485.3. Crow| Link| Bookmark|
June 30, 2023 10:46:20 AM
IPO Mentor (700+ Posts, 900+ Likes)
I think it's irrelevant in this primary market business. Setting up a website costs nothing for these companies. A few lakhs is all they need to set up a premium site and the yearly maintenance is a few thousands. Not a good parameter but I respect your stance.
@GetMeTheInfo, you can easily find this information on any WHOIS website.
All seniors please answer this . When we don't get email confirmation of bid placed from bse/ nse. I tried to check application status and found only 2/5 bids are shown as placed what does this mean rest 3 bid they didn't even place ..? Doesn't stand a chance for allotment? How to make sure they place my bid.??
480.1. UjwalG| Link| Bookmark|
June 30, 2023 7:57:45 AM
IPO Guru (1000+ Posts, 500+ Likes)
Dont worry agarwal ji. Many time we dont get email confirmation, even bse website doesnt show bid placed. There are lakhs of applications so mismanagement is likely to happen. If your application shown by broker is correct then its properly placed.
480.2. antarix| Link| Bookmark|
June 30, 2023 10:47:02 AM
IPO Guru (1100+ Posts, 700+ Likes)
Initially, I used to check confirmation from BSE/NSE, but seeing that there were no instances of non-placement of bids, I now rely on them. You just need to ensure that your details while applying, are correct.
480.3. Mr. Agrawal| Link| Bookmark|
June 30, 2023 10:52:23 AM
Top Contributor (500+ Posts, 100+ Likes)
AAtmaz mai itne sare lots aa gye ki fatt ke hath mai aa gyi hai uppar se icici direct mai aaye jo wha sell bhi ni ho rhe... Likha aa rha can't connect to demat try later ... Please help loot rhe meko more than 50k loss
can i apply for hni category i have mine demat account by using other axis bank netbanking? As in Axis netbanking there option to fill details of other individual
second question in 1 bhni category bs 5 shni which is better?
third how to get tom know whether my application got rejected due to issue or remain unlloated as if it is rejected due to issue i can fix in future
last one , is there 100 % gurantee that i will get allotment in BHNI ( not complete share but partial share as it is based on proportional basis ?
thank you for answering bullrunner and kami for previous Answer
You can apply using other netbanking but it will be treated as 3rd party asba and may be rejected in some cases. 1BHNI is certainly better than 5 shni bcz BHNI is mostly less subscribed as compared to shni. After allotment date the registrar sends a mail of allotment cum refund advice in that mail the reason of non allotment is specified generally.But you can also mail the registrar with ipo application no to find out the reason of non allotment. There is no 100% guarantee that you will get allotment through BHNI.Only if it subscribed less than 5 times then you will get allotment. Allotment in BHNI is based on lottery not proportionate basis.
can i apply for hni category i have mine demat account by using other axis bank netbanking? As in Axis net banking there option to fill details of other individual
second question in 1 bhni category bs 5 shni which is better?
third how to get to know whether my application got rejected due to issue or remain unallocated as if it is rejected due to issue i can fix in future
last one , is there 100 % guarantee that i will get allotment in BHNI ( not complete share but partial share as it is based on proportional basis ?
thank you for answering bullrunner and kami for previous Answer
477.1. MVP| Link| Bookmark|
June 29, 2023 7:23:50 PM
IPO Guru (1400+ Posts, 1000+ Likes)
FD may be yes. I wouldn't exit my Mutual funds investments such randomly. Also chances of allotment are very very less due to heavy subscription. But risk hai to ishq hai. Final decision is yours. Personally I won't make such decision abruptly. Though i did broke my FDs in past, but i had clear plan for using that money for continuous IPO applications( i broke normal FDs and created Sweep-in FDs), but I wouldn't do this just for 1 IPO, which is highly hyped and subscribed. Avoid FOMO.
Thanks @MVP@gabbar Its not only for ideaforge ipo. I would like to regularly try all good IPO. Is sweep-in FD good option to apply for IPO? Someone said OD also against FD, but some told that OD CANT be used for IPO.
477.5. Ascension↗| Link| Bookmark|
June 29, 2023 11:23:34 PM
Top Contributor (500+ Posts, 200+ Likes)
I have broke f.d. for even applying in SME ipo, (also out of anguish towards someone who didnt lend me some to prove that my work Wouldn't stop if you don't add in)
Clear no for MF. Can break FD, if you are having surplus money, means if you have at least 6 times of monthly expense in your hand / account, except that FD.
Absolutely no for MF. As for the FD, you can create flexi fd.Somebanks allow you to apply for an IPO without breaking FD like ICICI and i think also Yes bank though not sure..
don't broke fd nd mutualfund bcz u want to apply ipo through this amount many ipo's will give u good return,in many ipo's u will stuck bcz of undesirable listing...
so this will turn ur life nd future planning at 360degree.. so don't do that..
@Manav Walunj I don't think sweep-in is a good option
Firstly you can't block the funds that are sweeped out ...you have to transfer to someone's account then he will return them it comes into your main account or visit bank
Secondly sweep in sweep out frequently may result in interest rate lower than the savings itself bcz some banks charge a penalty for breaking FDs.
Correct me if I am wrong.
477.11. Manav Walunj| Link| Bookmark|
June 30, 2023 10:23:54 AM
Top Contributor (500+ Posts, 100+ Likes)
@Destined You are right. But I have still made more returns from ipo than fd's. Hence I think it is a good option to break fd to bid in the ipo's. Whenever there is no ipo we can create a mod fd.
477.14. MVP| Link| Bookmark|
June 30, 2023 8:22:29 PM
IPO Guru (1400+ Posts, 1000+ Likes)
@Destined Not true. May be your opinion is based on the SBI's sweep in feature. The Sweep-in FD in ICICI Bank and Yes Bank works very smoothly, no charges, money gets blocked and unblocked for IPO without an issue.
@MVP yes I have an account in SBI so am familiar with it ....came to know from you that some banks allow money in sweep fd account to be blocked for IPO 👍...
If one have 26 Lacs with 6 Demat family accounts with ICICI Direct , Kindly guide on below mentioned 2 queries through your wisdom & experience considering the current over subscription stats and anticipated oversubscription figures till closing day.
1- what would be the right combination to apply in ideaForge & Cyient DLM IPO for maximum probability of getting allocation.
2- Also it would be nice if one can explain How the sHNI & bHNI allocation happen in any IPO ? I have clarity about retail allocation process only.
476.1. MVP| Link| Bookmark|
June 29, 2023 12:04:11 PM
IPO Guru (1400+ Posts, 1000+ Likes)
1. I would apply 6 SHNI each in both IdeaForge and Cyient DLM. 2. Allotment process in both HNI is same as retail. Only difference is if you get allotment you will get 14 lots (in both SHNI and BHNI) BHNI has higher probability of getting allotment though.
476.2. MVP| Link| Bookmark|
June 29, 2023 12:08:17 PM
IPO Guru (1400+ Posts, 1000+ Likes)
Allotment process in both HNI is same as retail - i.e. lottery
476.3. Sharvam| Link| Bookmark|
June 29, 2023 12:12:47 PM
IPO Guru (1100+ Posts, 800+ Likes)
1 BHNI each in idea & Cyient from 1 account. 5 Retail in idea & Cyient from remaining 5 accounts. Don't go for SHNI category, it has very few lots available. It's better to earn something than nothing.
Here I have one more query as if i took ideaForge as an example then in NII (HNI ) category total share reserved for allocation is 14.98% ( No separate category reservation as per this website ) while if i check retail category total number of shares are 9.98% of total Shares Offered .
1- So How bNII & sNII chances can be different because no segregation within category and oversubscription figures are almost same as per this web ?
2- How to calculate oversubscription ? it is based on number of shares * number of application or Value of shares in any quota like retail * amount received or some other way ?
Regards, AD
476.6. Sharvam| Link| Bookmark|
June 29, 2023 1:47:38 PM
IPO Guru (1100+ Posts, 800+ Likes)
Retail category has 38312 (1 lots)= 10% SHNI category has 1368 lots (14 lots) =5%
As BHNI application is of 10 L & one gets around 2L share, so BHNI subscription/5 you will get allotment ratio. BHNI category has 2736 lots(14 lots) = 10%
472. IPOGainers| Link| Bookmark|
June 29, 2023 9:51:47 PM
Top Contributor (500+ Posts, 100+ Likes)
Expected Subscription Figures:
HNI - 70x Total - 75x
471. UjwalG| Link| Bookmark|
June 29, 2023 9:27:27 AM
IPO Guru (1000+ Posts, 500+ Likes)
Subscription in employee quota is strange here. As of march 2023, 288 permanent employees and 280 or odd contract employees. Employee can bid 5 lakh max. Total subscription is 60 times of 13112 shares , so at 640 price the amount comes around , so 50cr rs blocked. But employee can bid 5lk max so that comes around 14cr max bids Am i missing something, or my maths has been broken or contract based employees can also apply ? What is it Views welcome
technical glitch aa raha hai retail se apply kar raha tha to usme 32 rs ka discount show kar raha tha app ko close karke dubara open kiya tab jake correct huya kayi retailer aise fase honge
471.5. Bullrunner| Link| Bookmark|
June 29, 2023 9:31:26 PM
Top Contributor (400+ Posts, 100+ Likes)
Employee can subscrib more then 5 lakh. No upper limit. But if they apply more then 5 lakh they can not apply in any other category like retail or hni. But if they apply with less than 5 lakh they can also apply in one of any other category.