ideaForge Technology Limited IPO Message Board (Page 26)

how do you calculate allotment chances with new rules in all 3 categories?

ideaForge or DLM which one get allotment chances high in BHNI?
Please expert people guide.

DLM will have better allotment chances

BHNI focus on Ideaforge due to Double Listing gain then CYIENT
Also Some investors who have limited funds they apply in only 1 so they chose Ideaforge...

5 bhni in cyient vs 5 bhni in ideaforge..??
Is cyient risky in case of listing gains?

Both will be having listing gains. Idea will have more gains comparatively

What a fancy of the company. The subscription figures on top. Tomorrow being the last day, no one want to be left out.
Unexpected subscription figures expected tomorrow. Wait for Luck.

What could be the final subscription? Looks like it will also be block and unblock game

Bhni 85-90×
shni 65×

60x + ......

Hi experts please help me I have 13 lakhs and 7 demat account how should I distribute the funds between cyient and idea forge or shall I put all my money only on 1 ipo an apply shni please need your expertise advice to increase my chances of getting allotment. Thank you

TOMORROW IS CLOSING DAY OF IDEAFORGE IPO!!

BEST CHANCE IS IN BIG HNI!!

Bhni Fix 10,100/- Buyers!
GMP 530/540!!

*Why do a few 3rd Party UPI IPO applications get an allotment?*

As per the regulation, the *funds for IPO applications should come from the bank account linked to the demat account used for the IPO application.*

The stock exchanges along with the registrar and banks are responsible to validate this information.

➡️ _*Process of validating 3rd Party Bank Account in IPO Application*_

Following is the process *stock exchanges*, *registrars*, and *banks follow to find the 3rd Party bank accounts* used in the IPO application:

1. Once the *public issue closes*, the *exchange sends the IPO application file to all the banks* to take the *confirmation that the bank account linked in the demat account* is the same used in the IPO application.

2. Banks get only a day to revert. There are lakhs of records to validate.

3. Some banks revert with the confirmation of whether the account numbers match or not.

4. Exchange puts a flag *(Valid or 3rd Party)* and sends it to the registrar.

5. The *registrar rejects all IPO applications* which are flagged as 3rd party.

6. In some cases, the *3rd party flag comes as empty* from the exchange. It happens in the case where a *few banks do not respond in the given time*. These are the records that are neither rejected nor accepted by the bank.

7. The *registrar sends the file* with *pending records to the banks again and waits for one more day*. Registrar gets a few confirmations. Some banks still do not respond in time.

8. If confirmation is not received from banks, the benefit of the doubt is given to the IPO applicant. This is because banks are supposed to own this. No one else can confirm if the information is correct or not.

9. Wherever such *confirmations do not come, by default those applications cannot be rejected*, hence they are considered for allotment.

It’s a wrong thing that these people are getting allotments but there is no way to check because banks are the only agency that can check the account number.

Banks are not able to handle the load of validating lakhs of IPO application data for every IPO in a short period. Thus they don’t send the confirmation and in the process, some people are getting benefited.

As per the registrar, a few applications fall under the category of ‘not-validated 3rd party bank account’. They are not ready to share the actual percentage of these applications.

@Ajaysinh Jadeja  Sir, kindly Advice me, in ASBA application, can I use any other bank account in the name of the applicant or I have to use a bank account linked with Demat Account?

You can use any bank account own by the applicant, demant account holder and bank account holder name should be same.

A must apply IPO but it will be tough to get allotment.
So apply n try your luck 👍🏻

@Liger @IPO Wizard @Arca @PKRAJ @Monster Zero @Chem cho @Trueinfo @Crow @svh ,@hostpacker
@Smile✍️ @Eagleye @👑 King HR @KING VINOD @Noorul @lokes @B.M.SURANA @MRavichandran KAPPO Arjun Rajkot and all respected chittorgarh family members🙏

I have total 37 Lacs right now.. How should I distribute it among Ideaforge, Cyient DLM & Pentagon or Should I leave Pentagon completely and focus only on Mainboard, If thats the case what should be distribution among these 2?

P.S.: I have 18 demat accounts, so can apply from all of them, tough one is to choose category allocation for maximum probability of allotment.

I agree with @Smile✍️ As you have 18 demat account you can try your luck in SME also..

@NewMemberJoinedForLearning 
I am not expert. But if i have 37 lakh i will go with 26 lot hni in Pentagon. Q ki usme allotment chance sabse jyada hai. Aur allotment hai to hi profit hai.
Rest money se cyient me retail laga sakte hai.

Hi Experts of this forum, I am new to this channel and like to understand HNI basis of allotment.
Example 1: If I apply for 100 lots in IPO and IPO is subscribed 100 times , will I get one confirmed lot ? If yes will I get one lot of around 15k rupees or 2 lakhs worth shares ?
Example 2: If I apply for 100 lots and subscription is 150 times , then it will be lottery right ?

14 lots will be alloted Vishnu

do rate the helpful posts

@Vishnu teja  Out of 15% HNI, 5% is reverved for SHNI and 10% for BHNI. If selected in lottery, 14 lots will be alloted in both the category.

Hi Guys,
I'm new Here.
Just wanted to ask,
What is the chance here to get allotment in retail category.
Have 1lakh fund to invest. & 2 demat accounts.
Is it a good option to opt for 3lot each in 2 account ?
Any suggestions ?

no

just apply 1 lot each from both the accounts

do rate the helpful posts

As issue is already oversubscribed, better to apply for one lot from both of your accounts..Also same goes for Cyient IPO.

Hello Senior Members,

I have Applied For sHNI Category using SBI ASBA.

It Contained the Following Boxes:
1. Applicant Name
2. PAN
3. Confirm PAN
4. Demat Number
5. CDSL / NSDL
6. Nick Name

I Have Entered the Following Details Only : DEMAT (BO) Number From Zerodha, Pan Number , CDSL and My Full name.

There was No option to write Zerodha or Any other thing there. Did I Apply Correctly ?

Yes you applied correctly. Only HDFC bank asks for the broker name, sbi doesn't

This all are correct perfect. today only i added my a/c details too
But i have a question too member please do reply
in bidding it ask for 3 things
quantity / bid price / Value
1&2 i know what about the value should we fill it ?

Getting this message from hdfc securities when trying to apply for an ipo.. previously applied after market hours also.. never faced such issue.. tomorrow being the last day wanted to apply today itself..any suggestion??

Try the brokerage platform

Now working smoothly..

Anyone tell me ratio for BHNI Application between cyient and ideaforge
I think 70% for ideaforge ,30% for cyient
Is this good for maximum gain

What is the last date to apply IdeaForge IPO ?

28 June.

any official news about

early closing of this ipo?

Yes, posted by @kinghr to one of the post below

@MVP 
its general notification for nse

still waiting for official confirmation from LM

about closing date

Can we used sbi estdr mod balance for IPO application?

No, you cannot without breaking the FD!!

@B.M.SURANA Sir what is latest Kostak rate of Retail/HNI applications for ideaForge mainline IPO ?

@Aman Soni 
Application rate IdeaForge
Koshthak
15 k No Rate
2 lakh ₹2000
10 lakh- 9600
App rate subject to allotment
15k- ₹7800- ₹8000/=
HNI application- ₹115000/= - 118000/=

HNI means above 2 lakh & above10 lakh

Cyient DLM
Application Rates
Koshthak
15k - No Rate
2lac HNI - ₹1900
10lac HNI- ₹9000
Subject to allotment
15k - ₹4000
HNI - ₹50k - ₹55k

Application rate IdeaForge
15 k No Rate
2 lakh ₹2000
10 lakh- 9600
App rate subject to allotment
15k- ₹7800- ₹8000/=
HNI application- ₹115000 - ₹118000/=

HNI means above 2 lakh & above10 lakh

Cyient DLM
Application Rates
15k - No Rate
2lac HNI - ₹1900
10lac HNI- ₹9000
Subject to allotment
15k - ₹4000
HNI - ₹50k - ₹55k

Must apply for listing gain
Tomorrow is last day.
Gmp - 525 -530

@sonal patel Welcome madam after long time.