Indigo Paints Limited IPO Message Board (Page 47)

@Thiru
OFS allotment on price priority. The higher price point at which Total number of shares on offer in OFS got full subscription (combined NSE+BSE) is the clearance price for retail.
In all three ofs you mentioned a new trend has started that is aggressive retail bidders. In case of SAIL, I bid at 67.2 and did not get allotment in OFS. This price was 1.60 more than the shares allotted to non retail investors. I got shares @66.85 from market at 3.15 pm on the day OFS was open for non retail.

I am constantly watching the OFS subscription. If any retail investor really wants to buy, then he should buy on the day when OFS opens for non retail investors. Retail quota is only 10% of the OFS issue, so rare chance to get @clearing price fixed for non retail Investors.

@ Johny / ganesh Ji / NKP / -

OFS Query...

Can we apply in Non-retail on Day 1 and then AGAIN in Retail on Day 2 ??

@newone

Depends upon subscription only allotment or not One lot is enough for RETAIL but allotment depends upon luck luck luck if high subscription .

HNI for this you need huge capital not enough 2lac
So better to open accounts with your family members apply with those ,then allotment chances more .

Anyway luck luck luck that''s it

Apply in Retail. Don''t apply in HNI as this will be highly oversubscribed. If possible apply multiple retail single lot applications.

It is very difficult to get allotment in HNI. In oversubscribed Retail should apply multiple one lot applications to increase their chances of allotment.

I had explained allotment process in detail in Bector''''s and some other IPOs to explain why it is easier to get allotment in Retail then HNI.

I am again repeating here for your understanding.

Following are BoAs for some of recent oversubscribed IPOs where BoA is clearly available in this forum -

1) Chemcon
Retail 2 out of 53
NII 14 lots 22 out of 707

2) SbiCards
Retail 66 out of 79
NII 14 lots 12 out of 37

3) Ujsfb
Retail 35 out of 1102
NII 14 lots 35 out of 1169

From above it would be clear it is better to apply in retail.

In this IPO 35% is for Retail so retail has higher chance of allotment. Apply retail even if you have funds.


Again BoA is not that simple. There is one more factor that needs to be considered i.e. number shares allocated for each category in addition to ratio of allotment. Another thing that has to be considered is how shares are distributed in different categories - for retail distribution is equal based on number of applications for all categories while in HNI it is proportionate.

Basically all applications are put together based on number of lots applied for. So all those who applied for 1 lot go together in category 1, those who applied for 2 lots go together in category 2 etc.

Going by the e.g. of Chemcon

Category 1(Retail bids 1 lot - 44 shares)
No of applications - 1769347
Total No of shares applied - 77851268
Ratio of allotment (2:53 - 1:26.5)
Total No of Shares for category - 2938936 (66794 lots)
Ratio of Total No of Shares to No of applications - 1.66

Category 2(Retail bids 2 lots - 88 shares)
No of applications - 96993
Total No of shares applied - 8535384
Ratio of allotment (2:53 - 1:26.5)
Total No of Shares for category - 161084 (3661 lots)
Ratio of Total No of Shares to No of applications - 1.66

Category 14(HNI bids 14 lots - 616 shares)
No of applications - 1414
Total No of shares applied - 871024
Ratio of allotment (22:707 - 1:32.14)
Total No of Shares for category - 1936 (44 lots)
Ratio of Total No of Shares to No of applications - 1.37

Category 17(HNI bids 17 lots - 748 shares)
No of applications - 66
Total No of shares applied - 49368
Ratio of allotment (1:22)
Total No of Shares for category - 132 (3 lots)
Ratio of Total No of Shares to No of applications - 2

Category 18(HNI bids 18 lots - 792 shares)
No of applications - 50
Total No of shares applied - 39600
Ratio of allotment (1:25)
Total No of Shares for category - 88 (2 lots)
Ratio of Total No of Shares to No of applications - 1.76

Now in this if you see category 17 and 18 allotment ratios were 1:22 and 1:25 which is prima facie better then retail allotment ratio 1:26.5 which would make us believe that chances of allotment in this is better. Now check how many lots are available in these categories - only 3 for 17 and 2 for 18. Compare this number of lots available for retail. You will realize what I mean. In category 17 even though ratio is better then retail due on 3 lots being available you get only 3 opportunities to get selected. Similarly in Category 18 you get only 2 opportunities to get selected. While in retail Category 1 there are 66794 so you get 66794 opportunities to selected. Now which one do you think has more chance of allotment of 1 lot. Add to this if instead of applying 14 lots in HNI if you apply 14 different applications you are multiplying your chance of allotment.

There is one more thing in HNI - Chemcon was subscribed 445.47 times so all those who applied for 446 lots have confirm allotment. Below 445 lots if there are categories which have very less applications then there is very high possibility none of them get any allotment as no shares get allocated to that category during distribution.

Based on this detail research I have been advising retail to apply 1 lot multiple applications. I am doing the same and enjoying allotments and profits:).

@Johny - i do not get exactly what you mean by "66794 so you get 66794 opportunities to selected" and if in HNI category it is 2 so will get only 2 chances.
Everything is ratio. In retail its 1:26 means my chance is 1 in 26. In HNI if ratio (for any category ) is 1:22, my chance is 1 in 22.
You are forgetting in retail, if 66794 are lots are available,but then, no of application is i.e. my competition is also with 1769347.
Where as in HNI, only 3 lots given but then no of app ie. my competition got decreased to 50 only.
Just to summarize, "ratio of allotment in each category is everything". Not numbers of lots given in particular category. It less in HNI because of less applications. You are re-including lots allotted, although its already included while calculation ratio.

@Johny
Excellent data crunching. As always said apply single lot in retail with more and more family members accounts in high GMP IPO as chances of HNI subscription is more than 300 times.

@Faizan
1) In HNI ratio is not same for each category - Check my e.g. and you will see there are different ratios for different category.
2) Ratio is not everything. No. of lots available for that category is also very important as that is the number of chances you are giving your self to get selected.
3) In NII you have to apply for minimum 14 lots so even though you apply for 14 lots have only 1 lot for competition with others and will only get only 1 lot. Where as when you apply for 14 individual retail 1 lot applications you are submitting 14 applications for competition and with maximum number of lots being available for lottery you are giving your self good chance to get at least 1 lot allotment and if you are lucky you may get more.

I have just shared my secret formula for success. Rest it is everyone''s own decision as what to do.

Your 1st point - I know it very well. I thoroughly analyze each BoA after each IPO.
No. of lots available for that category is also very important as that is the number of chances you are giving your self to get selected.
[My comment] - See below BoA for Rossari for HNI. No. of lot available is not fixed. It increases when no. of app for that log category increases(see sr. no. 4 and 5). So ratio actually remains same or improvise as we go to higher lots.
I still not getting your concept of "number of chances to get select". There no chances, Lottery happen in a go for each lot category of retail as well as HNI. Ratio signify chance/probability. Say 3 lots allotted for this category out of 66 applications. So ratio is 1:22. So lottery happens "once" and bang 3 random apps selected in a go. It wont happen there will be round 1 and 1 app selected the round 2 and round 3. Similarly if retail has say ratio 1:20. Total apps 80000 and selected will be 4000. So lottery will once, in one go all random 4000 will got selected out of 80000. Thats why i said you are re-including to be allotted lots when you have already included it in ratio. Ratio is nothing but "To be allotted no. of app" : "Applied no. of app"
Sr. Category No. of % of Total Total No. of % to Total No. of Equity Ratio Total No. of
No. Applications Equity Shares Shares allotted Equity Shares
Received Applied per Bidder Allotted
1 490 151 13.40 73,990 0.02 35 9:151 315
2 525 33 2.93 17,325 0.00 35 2:33 70
3 560 11 0.98 6,160 0.00 35 1:11 35
4 700 45 3.99 31,500 0.01 35 4:45 140
5 1,050 44 3.90 46,200 0.01 35 3:22 210
6 1,155 23 2.04 26,565 0.01 35 3:23 105
7 1,190 7 0.62 8,330 0.00 35 1:7 35
8 1,225 11 0.98 13,475 0.00 35 2:11 70
9 1,400 12 1.06 16,800 0.00 35 1:6 70
10 1,750 17 1.51 29,750 0.01 35 4:17 140
11 2,100 13 1.15 27,300 0.01 35 3:13 105
12 2,275 8 0.71 18,200 0.00 35 1:4 70
13 2,345 26 2.31 60,970 0.01 35 7:26 245
14 3,500 29 2.57 101,500 0.02 35 12:29 420
15 4,690 6 0.53 28,140 0.01 35 1:2 105
16 5,880 11 0.98 64,680 0.02 35 8:11 280

Your 3rd point [My comment] - I am not at all comparing retail 14 different PAN application with HNI 1 PAN 14 lots. I very well know, applying in 1lot in retail with different PAN has max chance of allotment. But there are people like me who cant have that many accounts. But have significant idle capital. I have only account and cannot have any other account. For me, applying 1lot in retail make no sense because nowadays retail subscription ratio is too high. Ratio remain at 1:25. I try to apply in HNI will high number of lots (~70) so that my ratio comes down to below 1:25. Even if it it comes to 1:10, at least its better than retail.

I am not at all saying your strategy is wrong. Applying 1lot with Many PAN is best. But not possible for me. Applying in HNI works for me.

Option given in ofs window as cut off price or limit price
in limit price u have to mention price to u bid for ofs
in cut off price no price to be mentioned

In OFS, for retail category cutoff price is the clearing price for non retail investor on first day of OFS. E.g. in SAIL OFS, the clearing price for non retail was 65.65, and the same was fixed as cutoff price for retail.
But no one get at cutoff as the retail quota is filled arounf Rs 67.65 and as per price priority, those applied above this price will only get the OFS allotment.

@ganesh jaiswal

for retail - bidding as cut off price (not mentioned price) is clearing price for retail and will get allotment

NSE OFS FAQ -

5. What is the implication of bidding at the floor price and bidding at "cut-off" for retail investors?

Bidding at Floor price and above ensures that the bids will be considered. Allocation in such cases shall be subject to final price discovery.
Bidding at "cut-off" ensures that the retail investor will get allotment where the allotted quantity will depend upon the demand at various price points

=====================================================
Bidding at "cut-off" ensures that the retail investor will get allotment
=====================================================

@crsl
OFS is price priority, hence not necessary that you will get shares at cutoff. In 2-3 OFS I did not get any allotment at cutoff as cleaning price was way above cutoff.
Its not like IPO. Even today sail OFS when you tick cutoff during bid the price shown was 65.65, the cleaning price of yesterday non retail applicant

@crsl
=====================================================
Bidding at "cut-off" ensures that the retail investor will get allotment
====================================================

You missed to read after this line. Read once again mentioned below fyi

where the allotted quantity will depend upon the demand at various price points

Now check the various price points on bse and nse and comment here again and do tell me what should be the price to get allotment in sail ofs under retail category.

Hope you will learn new and very very important lesson after my above lines.

Will appreciate your effort if u understand and comment here the right answer 👍

Owls eye

kindly read again

where the allotted quantity will depend upon the demand at various price points
-------------- =================================== -----------------------------

it means allotted qty may not be 100% for those bidded @cut off price, it may be some short as allotment is proportional for cut off price

Ex. total issue size - 5 lacs
Consider @ 68.05 is clearing price
above 68.05 total bids are 4,50000
and @68.05 bids are 1,00000
who bids above 68.05 will get qty they bids
but who bids @68.05 will get proportional qty & not actual applied qty as only 50,000 qty available for bid price @68.05

@crsl

kindly read again- No need to read again.
I wanted to teach you which I learnt in 2012 but you seems overconfident😀

I am working in market since 2009
i dont need to be learn from u

OFS allotment example

https://www.capitalmind.in/2017/02/how-you-should-bid-in-an-ofs-offer-for-sale-issue/

@crsl

I am working in market since 2009
i dont need to be learn from u----------Hope you learnt the lesson after 11 Years. I tried to teach you by writing long message but you used your ego and was expecting proportional allotment at cut off price of 65.65. I wasted my time by writing such long msg to give u some knowledge.
The clearing price is 67.35
Hope your are now clear and got practical knowledge 👍

you are still confused about my post
i never said that clearing price will be 65.65

example already given by me and also link also given about allotment details

Ex. total issue size - 5 lacs
Consider @ 68.05 is clearing price
above 68.05 total bids are 4,50000
and @68.05 bids are 1,00000
==================================
who bids ABOVE 68.05 will get qty they bids
==================================
but who bids @68.05 will get proportional qty & not actual applied qty as only 50,000 qty available for bid price @68.05

@ OWLS EYE , where you got data of claering price?..."The clearing price is 67.35"....i am looking at this site https://www.bseindia.com/markets/PublicIssues/OFSIssuse_new.aspx?expandable=0 but unable to find so....just asking for information

I am completely new to OFS and doesn''t trade for OFS arbitrage.
Just wanna clear my doubt. So does this mean following?
1. Anyone bidded above retail clearing price ie 67.35, will get full allotment?
2. Anyone bidded below retail clearing price ie 67.35 but above non-retail clearing price ie 65.65 will get partial allotment.?
3. Anyone bidding below non-retail clearing price ie 65.65 will not get allotment?


Also how we can predict what could be clearing price in real time? I mean just checking the bidding details on BSE will suffice? Like at what price most shares are bidded?

https://www.bseindia.com/markets/publicIssues/OfsDisp.aspx?id=500113003&type=OFS&idtype=2&status=H&IPONo=5317&startdt=01-14-2021&enddt=01-15-2021

SAIL RETAIL 67.35 CUT OFF

@Faizan
1) Yes anyone bidding => 67.35 gets full allotment.
2) No. Any one bidding below 67.35 does not get any allotment.
3) Yes.

In order to get an idea of clearing price you have to add NSE and BSE bids.

i think in this conversation@ vrsl is saying absolutely right .
cut off price fixed 67.35.

whoever bidded above 67.35 will get got full allotment .
below 67.35 no allotment
and whoever bidded @ cut off price or mention 67.35 got proportionate basis .
i bidded multiple order in this ofs
above 67.35 i got full allotment according to my order but
on 67.35 i bidded 200 qty but i got only 107 shares .
so in this ofs my personal experience is that below

67.35 no allotment

above 67.35 full allotment

on 67.35 proportionate allotment.

NII estimation reduced from 366 to 286

Interest cost from 8% to 7 5%

Due to before indigo paints ,IRFC is coming
This is the reason or it is listing after budget .

I hope good NII figures will come

Eagleye mem
I have Rs 75000 and 5 demet account so say 1 application per 1 IPO form
So please advise me how many applications I should do in IRFCI and how many applications I should do in indigo paints to get maximum gain.
Chance of allotment in IRFCI is more but less gain so please advise me.
Thanks in advance

@Vaaru
five demat accounts with five different names and five pan numbers ?

Res paymzia
I have 5 different demet account with different names and different pan no so I apply 5 forms in one ipo. Here only question is at time two ipo and money on hand is for one, so I want advise.
Thanks

hello mamm please share current kostak rate and gmp?

Yes, you can. But first register all family members as beneficiaries in your SBI account with their Demat and PAN detail. Once beneficiaries, registered then only you can apply.

yes yes ganesh ji that alreday did

nd in which i applied my self ...in that 4 more also.can be apliyed ?

But GG ( ABCD1234F )can apply for itself from only one account either sbi or axis .

Ipo_1 Axis
CG
AA
BB
CC
DD

IPO_2 AXIS
CG
AA
BB
CC
DD

IPO_1 SBI
EE
FF
HH
II
KK

IPO_2 SBI
EE
FF
HH
II
KK


SHOULD NOT BE A ISSUE.... TECHNICALLY bank will allow...

...But registrar can reject applications...with giving third party reason...

if they rejects... what wil be shown at athe tym of alomnet staus no.record found or Aplied 100 aloted 0

If rejected with 3rd party reason...on registrar site when allotment out it will still show applied 100 and allotted 0...

In IRCTC time I had applied 3rd party application using RBL bank...bank sent me my application rejected status in email with remark "Third party Investment"...when I checked status of same application on alankit registrar website it was showing applied 40... allotted 0...

In gland pharma also same happened... My 2 3rd party applications were rejected... So Linkin time also follow this...

When registrar is kfin then I have not observed this 3rd party rejection...
So this is still depending on registrar they want to reject or not...
Safe side try to apply with same accounts...

@G.Kumar - If all F&F''s are using net banking, it is recommended to apply using respective bank account. If balance is an issue, you can transfer money in those account. This way one can avoid all confusions and complexity.

sir ji issue is.. wont hav net banking and upi of those ac

@KrishnaTwentyFour, I got allotment from third party account for Burger King and CAMS where as registrar is Linkintime

Dear Sir,

Both SBI and Axis bank offers 3rd party ASBA IPO application. In this case, the primary account holder in the bank and demat could be different.

Note: The 3rd Party IPO application is not available when using UPI as a payment option.

One thumb rule is:
For one person (unique PAN), only one application in an IPO is valid. If you apply for two IPO applications with the same pan, both applications will be rejected.