APPLIED 12800 SHARES IN EXCELLENT WIRE IPO , HNI SUBSCRIBE TILL NOW 8.73 WILL I GET CONFIRM LOT OR ON LOTTERY PLEASE EXPERT REPLY.
51. Liger| Link| Bookmark|
September 13, 2024 4:44:02 PM
Top Contributor (300+ Posts, 500+ Likes)
It seems many people are applying based on gmp only for listing gains and there could be huge sell orders from allottees during the opening trade. stock may get stuck in LC.
high subsciption - tough allotment - difficult to exit
From past 1 month, I am facing issue, whenever I try to apply for IPO via GROWW and I use GPay for mendate (have a SBI SB Account) - I apply for all of my family (I use their respective groww accounts, but I use my UPI for payments). I have been doing this since January. It worked fine. I could apply for as many IPOs I wanted, there was no problem.
But from past one month, from August 2024, after few applications when I try to accpet mendate it gets rejected and I get a text message saying "HDFC Bank: Your UPI-Mandate for Rs ....... has failed on UPI app due to Risk Threshold Exceeded. Application No. ...."
There is no rhyme or reason for rejection.
Sometimes it can be whenever the total lien exceeds 18L, sometimes when it exceeds 21L, yesterday it happened when lien amoutn exceeded 11L.
When SBI will increase ASBA timing till 3PM? This laggard is making IPO application tough in back to back IPO routine like current. It even closes 1 minute earlier at 2:59, not counting what can be done in 60 seconds. Could not apply due to this 1 minute ghoooose. 😒
Many waiting for funds to release from Bajaj. Else it could have been easy block unblock game. Uncertainty on whether to go for HNI or retail with small funds available