Indegene Limited IPO Message Board (Page 34)

Do we Need to Add quantity and Price Manually?

In HNI, yes - one needs to add qty and price manually. Disable cutoff tick. For retail, apply at cut-off.

Yes

On one PAN card we can apply for either Retail or s HNI or b HNI Right ??

​@Kuber Wealth Advisor Right..

But if you an employee then you can apply an additional application from employee quota too..

​ @Vimal Garodia I applied in 4 demat accounts with same pan card. Grow,angel, upstox, 5 Paisa. How does it works. Can I get allotment or any default happens

​@Ipoyash  One pan and one application ( demat a/c is not relevant), in your case all applications are liable to be rejected.

​@Chhote Lal @MITTAL @Vimal Garodia @IPOTraders please help here!

​@NeilM A very rough estimate- every applicant will get ( applied number /6.62 ) number of shares. Those applying for less than that will get 1 lot on lottery basis varying on the approx.

​@Safe Bet i applied 398 shares(one application only, obviously). What do you think is my chance as per subscription status today in employee category?

Will tell you few figures, rest of the maths you can do at your end to come to some understanding.
1. Total shares offered for Employees quota = 2,96,209
2. Actual applied = 19,62,114
3. Subscription = 1962114/296209
= 6.62 times (no. of shares wise)
4. Max. allowed per employee = Rs 5L
5. Max shares per employee = 500000/422 = 1184
Discount applicable = Rs 30, hence 452-30 = 422 considered
6. If all 5000 employees (only estimate) applied for full Rs 5L (theoretically), total shares applied for = 1184 x 5000 = 59,20,000
7. Total shares offered as in 1. above is much lower compared to figures in 6 (total potential Oversubscription is 19 times)8. Considering one lot (35 shares) for every employee, no. of successful applicants possible = 296209/35 = 8463
9.Every employee who has applied is expected to get atleast one lot (as no. of employees is much less)
10. Those who have applied multiple lots will get additional shares over confirmed one lot.

Hence, employee portion actually oversubscribed 6.62 times (no. of shares wise) once evaluated in terms of no. of applicants will form basis of allotment. BoA once released will give clear picture.

PS : Some figures above only assumed for explaining, it is obvious that all employees may not have applied full Rs 5L and some may not have applied at all.

Hope, it brings some clarity. Best Wishes to you 👍

​@NeilM If employee quota is under subscription then remaining shares will be given to other categories ( retail, HNI, QIB) as per ratio. If oversubscribed (here) then proprionate allotment is made. If 6x then 6 lots will get 1 lot and in further ratios.

​@NeilM Sir, still confused? Atleast acknowledge the efforts made in responding to you.

​@Chhote Lal you are the best sir. I'm sorry, was in a meeting, couldn't reply.
This is indeed the best message ever by a user on this platform.
Really wish you get many many lots
More power to you sir 😋

​@Rajatkol Sir, simple hai, issue oversubscribed hone par min lot hi milta hai lottery mein. In case of HNI, min. lot (sHNI) ka about Rs 2L hai, bHNI ki min. application about Rs 10L hai, issi liye, bHNI (10/2 =5) ke liye 5 se divide karte hain.

App wise at 4.45 pm

Retail 2441124
,5.68 app wise

BHNI 107483
12.26 app wise

SHNi 177281
40.47 app wise

In retail people also bid at lower prices also...what about that...

Where to see application wise subscription @Paymzia

Application wise

Yes, going through messages over here, it appears many retail applications could not go through because of UPI mandate not received. Still, it is heavily oversubscribed. Lesson for UPI users to apply atleast a day in advance.

​@Chhote Lal @CJ ROCKS I applied for mandate in Monday and accepted today. U can get mandate beforehand and accepted it before ipo closes.

Exactly at 3 p.m application wise it's 5.22x in retail after 5p.m it's only 5.77x times . It's mean many retailers miss the train.

@Prince , retailers move to shni and shni move to bhni. Now this trend is going on thats why retail subscription are low and bhni are on higher side.
I also applied first time 4 shni and 7 retails application

​@Chhote Lal Yes sir I have learnt from my broker that good chunks of retail apps in Indegene IPO couldn't valid bcoz of mandate didn't come in time. I have also missed my family member app due to mandate failure. Lets hope for the best🤞
@Harsh Newguru Thanks,🙏 sir, for ur good suggestion. WE must consider your point when multiple IPOs open for the subscription. Everday life and stock market teaches you new lessons.

This issue often comes when 2-3 ipo are open or when there is heavy subscription. I had faced this issue many earlier also.

Lost 4 retail apps because of this mandate issue

Lost few retail apps. Didn't get the mandate 🙁

??

Main reason is retailers has moved to SHNI and BHNI

​@Sathish P S Appears, many Retail applications could not go through due to UPI mandate not received.

It's 27lacs applications bruhh.... Really a new threshold of low?

yes i am doing the same thing i have od limit of 500000 and i am regularly applying in ipo intrest only applies when you get allotment

OD ACCOUNT WOULD BE OF FIRM or Personal name can u tell?

@TARUNSHAREJI, which bank provide this facility, applying IPO through Overdraft

​@Sushil Suthar IDFC FIRST BANK IS PROVIDING THIS FACILITY.

Please tell which bank provide this facility

Can you please share more details about this service, I just called my IDFC bank RM to know about this facility but they don't know about it.

same questionhere sir ,i am searching for,if one can use it is best facility available,please any EXPERT or KNOWN people can help?

Primary account holders PAN should appear on online ASBA submission, however with some banks it might be possible if physical ASBA form submitted for respective sub account holders with their individual PAN details.

Added 1 Retail via Zerodha..
But upi mandate not received yet!

If anything can be done? Plz suggest :)

Same here..Waiting for SBI UPI mandate via Zerodha.
Canara Bank ASBA/mobile aap crashing.

Mandate received & accepted ✔️

After how much time you received mandate?

I Recived after 3 hrs mandate it’s due to server load I guess u might also get

​@Abhii VPG How long did it take after submission to get UPI mandate?
I'm still waiting for Gpay & Phonepay mandates

​@VenuBHPL applied from zerodha around 2:30… was waiting till 3:30 but mandate not recvd!

Cancelled the application @ 3:30 & applied new app same time.. now mandate recvd around 4:05

40 mins back applied. Let's see 30 more mins left.

Cancelled all apply and reapply again than approved it

1st thing if you've cancelled the 1st application you won't get mandate for that. And the 2nd time you applied it must be that mandate. In any case check the "application ID" where you applied from and then check the mandate in that "notes/description" the same "application ID" must be mentioned. Accept that mandate.

​@Sanwal Saab Check the application number .., I think u accepted for the cancelled one .., if u have money then accept the other one also.., ur money will bet back for the 1st one after few hours..