Indigo Paints Limited IPO Message Board (Page 35)

Expected listing at 2500

2900+

Listing range as per current GMP is 2350-2400

Gmp 850+
List around 2450-2500+

My Brother Has Applied 50 Lots In HNI In Indigo. How Many Will He Get? Anybody Suggest Me

I think allotment is 0

Since it is oversubscribed 263x any one who has applied 264+ lots will get confirmed allotment. Below 264 lots is lottery which is very difficult in HNI. Always apply multiple retail applications to increase chances of allotment.

At what price indigo Paint will list.
Should I hold if allotted or if not allotted buy at what price?

First pray for allotment.

Buying should be avoid for 1-2 months then after think look burger King and mrs bector till not settled... selling in stock.


If you stuck in the stock they big time may require to exit

Any experts can provide link to check gmp price of any ipo.
Any special website??

i have applied for indigo paints ipo through groww app using phone pay upi and still not received upi mandate request.so there are chance of getting allotment or not anyone hepl pls

Plz always use ASBA to apply. UPI has a lot of technical issues when it comes to IPOs.

NCPI is updating its system. So please use ASBA mode only for 30 days for crucial ipo application.

My estimate for indigo listing is around 1650.

@yamunna
Your estimate is not work here..

Listing 1st february 2021 possible ?

What is ASBA?HOW CAN I GET IT?how to apply through asba

I have SBI Account and has access to net banking as well...
1. Can I apply directly through Netbanking....
2. If shares are allotted where they would credited and how can I sell them. I do have Zerodha account.

Please help with answers to my questions. Thanks in advance for help and support.

@ABIPO

First you have to register your
DPID,
DP client ID
In your sbi account.
Those fields give your zerodha details
If shares are allotted. Those shares goes to your zerodha account , there you can sell .

Book profit on listing date.....

A new and big player is entering into paint business...

Aditya Birla group....Grasim Industries

Ready with 5000 Crs

Grasim 10% up on news

all other listed paints company''s share are down by 2-6%.

Latest gmp

please provide Allotment chances & approximately Listing Price &

How to sell in GMP ?

i oversold 500 shares at 850 gmp .. fingers crossed..

Imo listing will be below 2300 (810 gmp)

You have risked too much..

Budget is market friendly then it opens 2450 +

which has more chance of one lot allotment in this IPO?
140 lots in HNI
or
1 lot in RII

@P Patel,

Thank you for your detailed response. Logically what you said makes sense as general tendency of people is to apply for round figure numbers be it IPO or secondary market. Even I was under the same impression until recently I saw the BoA for Burger King IPO. Take the below example of category 15500:

Category - No.of applications received - Ratio of allotment
15000 - 117 - 20:117
15500 - 2 - 0:2
16500 - 155 - 29:155

There were only 2 applications for 15500 category and as per your logic both or at least one of them should have got one lot allocated but actually both got zero!!

So my thinking is that while secondary market runs purely based on Bid and Ask prices (Demand and Supply), in case of IPOs since it is based on Proportionate basis I think there might be some rules to smoothen the curve of allotment ratio hence the regulators might remove the anomalies or aberrations like the above case. If this is true then there is no advantage at all for the odd lots with bare minimum number of applications compared to the adjacent lots. But I may be wrong - I don''t know the rules and BoA document provides only sample data hence cannot arrive at any conclusions based on the limited set of data provided.

Any views welcome. Thanks!

@P Patel and @Kring - You both are correct in your respective comments. I ll tell you how you both can be correct.

As P Patel said, odd number of share have high because you can be only 1 to have applied for that category. Lets say issue subscribes 280x. You will have high chance only if you apply odd lots near to number of times of subscription. Because at high number of lots category Registrar tend to allot 1 lot. But at lower lots category Registrar allots 0 lots as well.

So lets say someone applied 173 lots (which is odd and quite near to 280) and is only 1 applicant of 173. There is high(almost sure) chance of 1 lot allotment. Ratio 1:1

But lets say someone applied 43 lots (which is odd but far from 280) and is only 1 applicant of 43. There is high (almost sure) chance of 0 allotment. Ratio here will be 0:1 just because it is less lots category.

We don''t get a full BoA, we get only sample of HNI allotment. Else we could have a sure proof of this. But this what I think happens.

To summarize, odd number lot application allotment works, but will work when number of lots applied is quite near number of times issue subscribed in HNI.

*INDIGO PAINTS IPO*
*FOR HNI/NII GET 1 CONFIRM LOT OF 10 SHARES*
IF THEY HAVE MADE A BID OF 2,631 SHARES
(RS. 39,20,190/-) & MORE
Interest cost @7.5% (7 Days) for each share Rs 572/- only
*LISTING ABOUT = 1490+572= 2,062/- and more*

People with loan arrangements at cheaper rates or free funds have misused the HNI QUOTA by applying for whole 15% HNI QUOTA in one application. RBI has asked SEBI to restrict HNI limit to 1 Crore maximum. That will surely control this every issue going oversubscribed by hundreds of crores. A good step of RBI in bringing transparency to IPO market.

@Kring - Allotment in NII category is on proportionate basis. So higher the application lot, better the chance of allotment. We are on same page on this point.

Now say you have 15 lakhs spare amount in your saving account and you decide to use it and apply in NII category. Lets assume the offer price is of 1000/- per share and 1 lot = 15 shares.

Now as normal tendency of people, you will try to use maximum amount to apply. So you will apply some 100 Lots amounting Rs. 15,00,000. Now consider all those who has around 15 Lakhs will apply 100 lots and in this category there are many applicant.

Instead of 100 lots if you skip or increase by 1 or 2 lots and apply 98/99 or 101/102 lots, there is some probability that there are less applicant or some time only 1 applicant ( that is you ) in this odd category. In that case normally you will get confirm allotment.

If you have observed even in secondary market, same tendency people have when placing order for buy or sale. Mostly you see more orders in even amount v/s in odd lots. ie. at Rs. 200.00 there will be huge orders v/s 199.50 to 199.95 or 200.05 to 200.50.

By the way this is my assumption based on my personal experience in both Burger king and Mrs. Bectors and in both case I got allotted.

I may be wrong, but worth trying this technique when nothing to loose.

Dear Members on forum, We all apply in IPO''S waste our money, time and energy, if more investors apply Company gets more benefits but what applicants gets 1 out of 40. gets 1 lot shares. Confusing thing is when market lot is 1 for trading than what''s the compulsion of allotting shares in lots unless in the name of lottery some manipulations are going on. SEBI needs to reconsider and find a fail allotment system. The best way is make it proportionate allotment with minimum lot of 1 only. All the applicants who submit legally valid application must get at least some shares. For making application they can keep minimum quantity like present lots but for allotments it should be 1 share lot. If all of you agree we all needs to raise the voice. Good Luck.

बोलना कया चाहते हो

What I means every one who apply must get allotment it may be 1 share only.

Indigo gmp girega? till 700?

Even its list at 500 Premium, retail investors are happy with 33% premium.

Matlab premium totega?

Tell me somebody pls.... i am applying from 5 years..
Now i applied 2 ipos , total six applications from 3 accounts.. but do not get correct information on bse even of one application.
Indigo application showing pending mandate and price Rs. 10... what is price 10...i do lnt know....why is showing incorrect info. Also. One of indigo application shows 2 bids , how ???? I make one bid, how bse split it into 2 bids of 10 and 10 shares each...whaaat is happening.
Should i care information on bse or now..home finance ipo applcation are not showing on bse...?????????? What i do...where to complaint for this...

@IPO EQUITY,

I think BSE Application Check Software has gone haywire...even my application is also showing in the same way. If you notice even PAN number shown is wrong. So no need to worry. If you have your e-mail/phone registered with them you will also receive confirmation via e-mail/sms. I got the e-mail from BSE with the correct details. If your application is not found on BSE then check NSE. Brokers like ICICI Direct use both exchanges. I hope it helps. Thanks!

for axis bank asba registeration, what will come in DP Id , client ID , Benificiary No, for zerodha from16 digit demat account number ?

Same question email to zerodha support he will reply you dont get panic

Lokes.ji slect CdSL enter ur 16 digit in beneficiary no.
DP id nd clint id to be remained blank

I applied under NII 317 lots and 173 lots from two accounts. Hoping for 12 confirm +10 shares (60% chance) :) If anyone has different view please reply

...and it is not 60% chance for 173 application. Your chance it determined by total how many applications received in 173 lots category. That is why I said it is pure lottery. Thanks!

Kring...yes, if only my application is received 100% chance as 1 lot will be allocated for 173 lots category. It''ll be 1:2 or so if 2 or more applications