I think through Zerodha we can apply only retail application upto 2 lac but not HNI application. For HNI we will have to go thru ASBA of a bank, plz correct me if I am wrongso that I could be enlightened...
@R.G. Your statement is partially correct. If applying through Zerodha, UPI mode is made use of and in UPI, application upto amount of Rs 5L is permitted. Hence, one can bid for sHNI too while applying through Zerodha. But for amount higher than 5 L or for bHNI, one needs to make use of ASBA route. Hope, it clarifies 🙂
@SUMITCHAND Sir, allotment is not dependent on any broker per say, if your application is submitted it gets into lottery for oversubscribed issues. Broker has no role to play.
If someone believes they won't get allotment. They should apply to IPOs with less or negligible GMP. They would get allotment and their theories turn upside down.
Two application applied by broker, but fund blocked for one. What will happen ?
483.1. Chhote Lal| Link| Bookmark|
May 9, 2024 10:23:33 AM
IPO Mentor (3100+ Posts, 1600+ Likes)
Application for which funds are blocked will be assessed for allotment and the one where funds are not blocked, that application is invalid or has not been submitted.
After today's glitch with regard to UPI, I feel every single one applying under retails using UPI should apply on very first day because they have the option to withdraw it till last day closing. However with other categories this luxury is not available is one of the major reason for waiting till last day to analyze further.
Good luck to all who subscribed iT IS HEAVILY OVERSUBSCRIBED AND It wiil be a lottery. Applications wise oversubscription as per Yashasvi fininvest is as follows
RETAIL : ABOUT 50 TIMES SHNI : ABOUT 40 TIMES BHNI : ABOUT 12.5 TIMES Let us see amongst us who are the lucky ones. I have made 2 bhni All the best again to all regards