Indegene Limited IPO Message Board (Page 44)

Never heard of this earlier, but if you applied in VI FPO, you must have got firm allotment.

3rd Party is not allowed ideally. Only rare cases and in luck it works.
Apply from minor bank account ASBA (Ensure minor PAN is updated on the bank account)

​@Rajiv RR can the minor apply through UPI mode? (SBI banks acc)

@roar From RBI guidelines, only a minor above 15 can use UPI. Below 15years not possible. I use ASBA.

I would like to ask is all that account is your and yours family or you have lended from somewhere
I am using 11 demat but I am looking for more demat
Is there any possible way ?
If anyone have any idea please help me

​@Ipo is coming 
Almost 20 account of family ( two chachi chachu and their 3-3 child )
My account mother father account wife and daughter along with two huf3-4 account in law family

Rest account are close friends and their families who've no interest in share market
But I always given some profit to them also

Idea is simple open with your family members with whom you can share and simple things open minor account in your family and friends

​@Darpan Ganganagar Rajasthan 
Thanks for your response
I am also doing the same my family's account and my friends account
I also share a part of my profit with them
How can I open HUF account can you let me know

For HUF account u need a 50/- affidavit for HUF Pan creation once you receive pan number you can open huf bank account
After that open huf demate account

Rest better is that you can contact any emitra for this process

I have a question. Can we create an HUF account (bank and demat) and apply for ipo even if both my mom and dad have their own demat accounts with which we apply for IPO? Will the applications be rejected due to double application?

HUF pan number and individual pan number is different so there is no chance of rejection

Thank you for the quick reply!

​@Darpan Ganganagar Rajasthan Can we apply BHNI application from Minor's bank account ? I m going to open account for my minor son which bank account would be best for this purpose? Plz suggest

​@Darpan Ganganagar Rajasthan Well done, it is quite a feat. All the Best 🍀

​@Ipo is coming  Other day on one of popular vide streaming channel in social media, learnt about a person managing over 75 different accounts for IPO. It is not just family affair, one has roped in house workers, maid, doodhwala, driver, sabjiwala, presswala and what not. Frankly, I sometimes find it difficult to manage even 5 accounts specially when multiple issues are open.
Good Luck 🍀

​@PARMOD KUMAR 
I am using retail application for all accounts
About minor BHNI I am not sure but my friend have also minor account and he is always apply in SHNI in minor account

​@Chhote Lal Thankyou

​@Chhote Lal In that case it is assured that he/she gets sure shot allotment some way or the other but managing 75 is a nightmare that too when it comes to funds. Here, I'm skeptical of even friends because it might create a mishap. So going only with family members' demats.

Thanks God
Rest 33 Retail Application not checked yet

​@Darpan Ganganagar Rajasthan Hii, Can you please tell me if I got Allotment at minor account then I can directly sell ipo shares or I have to transfer them into parent account then able to sell.

​@Vivek Shivhare I can directly sell from minor account( zerodha). It is possible, no need to transfer

​@Rajiv RR Don't know about zerodha
I have all accounts at local level brokerWhere I can sell immediately without transferring

​@Rajiv RR If I have to open minor account at zerodha then parent account Must in zerodha also then only minor account will be open at zerodha right?
Because I AM using upstox account for All members

​@Darpan Ganganagar Rajasthan Can you provide name which broker you are using for direct selling minor account shares without transferring.

​@Darpan Ganganagar Rajasthan KINDLY plz explain the process & eligibility of huf accounts in detail , I have a joint family of 8 members mother , my brother & his wife & 2 kids, me , my wife and 1 kid how many huf account i can open, then can I apply in huf as well as in individual names........ all details ..... Plz ........

​@Vivek Shivhare Yes, parent should have an account in zerodha. Not sure about upstox

Sir, can I open Huf account only for the purpose of appling for IPOs ? Is submission of income tax return every year is compulsory for Huf account ? Pls confirm the same.

1) UPI limit 5lac so you can use
2) ur right

Thanks a lot for the quick revert!

​@RunawayBon You may use UPI but there is no point applying for more than 1 sHNI lot in an oversubscribed issue.
Yes, your understanding is correct HNIs can not use cutoff price feature, it is only for retail segment.

​@Chhote Lal Bhai,
1) I am using zerodha where we don't have option to mentioning the price 452 or can I select cut off price.

2) Another SHNI application I am applying through BOB ASBA, what option I need to cut off price or how it works. Till now I was applying in retail category, this is the first time I am applying in SHNI.

​@Jey Nayak It's simple, the Cutoff price option must not be selected for bids above ₹2 lakh, and the bid price needs to be entered manually. You may try applying through ASBA mode.

For your understanding, In an IPO, the price at which a company issues its shares to investors is referred to as the "cut-off price." The company decides it after analysing the demands of the investors for the shares. It is the actual issue price, which might be any amount within the specified price range. Only retail segment applicants can choose cut-off price during ipo application, thereby giving their consent to bid at any price within the price range. HNIs have to bid at price as per their wish within price band which is to be entered manually.

Hope, it clarifies 🙂 All the Best 🍀

Dear, So while entering the price manually, we need to bid at upper price band only right?
In zerodha there is no option to select Retail or HNI, so we need to enter 14lot quanity which will be 462 shares, right?

Right