I think now a days UPI application unblocking is happening quickly than ASBA SBI & HDFC ASBA amount unblocking usually happening on next day of BOA but UPI unblocking happening in few hrs after BOA finalization.
One is to apply in multiple of 22 share. You have applied for 50 lot category. In SHNI 14 to 67 lot category every one will get share worth 14 lots (14x22), if lucky in lottery. The only thing is you will be playing lottery among applicants of 50 lot category and allotment ratio will be 1:46
Do we have any demerits in applying in sHNI category. Kindly assist Which has higher chances for allotment retail or HNi
338.5. CoolAsh| Link| Bookmark|
December 19, 2023 9:20:24 PM
Top Contributor (700+ Posts, 100+ Likes)
@Mandal Lets look at INOX. 1 out of 15 get retail allotment that is 22 shares but that's one lot only. In sHNI, 1 in 46 get one sHNI minimum application equivalent shares which is 308 shares
So, normally, in retail allotment is easier but you get 1 lot only and in sHNI, allotment chances are generally less but you get higher number of shares. I hope this helps
@CoolAsh Superb. Thanks Mate How to confirm the application is not rejected due to technical reasons like pan issue etc. Can we mail someone and confirm atleast my application is correct
Team Cg and dear easterm members. I got to know many bank has stopped OD facilities as there was circular from rbi during covid to stop OD.. I don’t know whether it’s true or false … I enquire for below bank and all said no OD.. let me know which bank provides OD facilities . Sbi - no OD Hdfc - no OD sir Axis bank- no OD Saar PnB - no OD sir mate SC bank - no OD provided Citi bank - no OD LET ME KNOW WHICH PSU OR private bank provides OD DEAR MEMBERS… Kindest regards , Ratan
333.3. Rakcyt| Link| Bookmark|
December 19, 2023 8:38:08 PM
IPO Guru (1300+ Posts, 1300+ Likes)
There are some strict measures to open new accounts also . Encountered by my friend as he is asked to keep 50 k inr as MAB for opening 3in 1 demat ac .
I know its a silly question but for someone starting out in IPO's wanted to be sure . If we apply a Application in SHNI we will be Alloted shares worth more than 2 lakhs right ??
331.1. Redhu Jind| Link| Bookmark|
December 19, 2023 8:42:11 PM
Top Contributor (400+ Posts, 100+ Likes)
@Ashish Khater Bhai SBI Desh ki sabse badi bank hai kya usse kuch achi umeed bhi nahi kar sakte, SBI me kuch problem hogi to bank badal lenge or man lo kabhi exchange me problem hua to kya exchange badal lenge , har bar ignore karna bhi thik nahi hai ll
I also didn't receive mail. It happened before and it is not the fault of the bank. It is NSE/BSE who sent acknowledgement mail. Don't blame the bank for everything. If during allotment checking it shows no data found then it maybe the fault of the bank but I have never seen that.
Some people complain to kfintech & linkintime for delay to publish allotment, these people plz see new rules. Registrar publish time limit is T+2 9 pm. Registrar always publish before time limit.
Again the Kfin will be delayed allotment which stretched to the next day, hence rule of T+1 till 6 PM is not kept. Now this will impact the other IPO which are closing tomorrow and money will not be available. I think we should all individually report this to the SEBI on score on delayed allotment so that SEBI should take note of the same and ensure mandate. Hope we all do it
328.4. sashah| Link| Bookmark|
December 19, 2023 6:06:58 PM
Top Contributor (400+ Posts, 100+ Likes)
We are getting too impatient with allotment.. SEBI has done great job by bringing T+3 days for listing and we are still expecting result by hours… we should wait for T+1 to get over and see the results…
328.5. Not Smart| Link| Bookmark|
December 19, 2023 6:24:06 PM
IPO Mentor (600+ Posts, 200+ Likes)
The same RTA feloow for Benchmark SME IPO also to test our patience.
Any transition which reduces timelines and deadlines is always a challenge for all parties involved in executing something. We are still doing the same thing, i.e. apply on 3rd day and then wait. Complaining is not going to yield results, as
a) even if we do complain, SEBI will be considerate towards the system's inherent bottlenecks, some of which might have come to light only when implemented. b) deadline for making allotment public still is T+2 day.