Applied IRCTC IPO through UPI ID by submitting physical form on the last day ie 03.10.2019 and rcvd acknowledgement msg on 04.10.2019 from BSE with the following instruction - "YOU WILL RECEIVE A UPI-MANDATE COLLECT REQUEST FOR BLOCKING OF FUNDS."
However no such UPI -Mandate has been rcvd yet for blocking funds.
Can anyone clarify whether my application is still be considered for allotment or rejected❓
Or shall I keep my fingers crossed to rcv UPI-Mandate after some time on allotment❓
382.1. Rajat Jindal| Link| Bookmark|
October 5, 2019 2:36:31 PM
Top Contributor (400+ Posts, 100+ Likes)
I don't know exactly how does offline method work. But I'm pretty sure that since funds haven't been blocked, your application will be rejected when allotment process will start even though it has been placed successfully for now.
Can someone help me? I filled application of INR 99200 for IRCTC IPO in HDFC bank but amount blocked in my account is only Rs. 12400. Will my application be rejected?
378.1. Medge| Link| Bookmark|
October 4, 2019 5:31:16 PM
IPO Guru (1300+ Posts, 2000+ Likes)
HDFC submits app with BSE, if you have application number check on BSE site for how much amount / shares your application is submitted. if BSE showing shares 40 and amount 12400 then you are good.
99.9% retail applied for 1 lot ( Rs 12,400/- )only. The person who bid on behalf of clients while seeing the form is bound to assume that your application too is for 1 lot and so he may requested to block Rs 12,400/-. Its human error. It may happen. But good news is u dont have to worry and your bid for 1 lot will b accepted.
378.3. IPO INFORMAR| Link| Bookmark|
October 5, 2019 10:32:59 AM
Top Contributor (300+ Posts, 200+ Likes)
No do not worry,Apply minimum when IPO is very famous.
@verified If 99.9% retail applied for 1 lot only then why the app wise subscription is 8.4 times while total aaplication are 14.5 times? There were lot of first timers in this ipo..as well as upi applicants..there will be glitches in upi for sometime..allotment won't be that tough in retail as it seems because rejection of lot of applications..
Dear Chittorgarh admin team, I have applied three applications as below using online banking ASBA option. -1 x applicatuon through ICICI online banking and 2 x application through kotak online banking. -All three application using separate individual bank accounts and demat account name is same as bank accounts holder name.
Will my all three applications considered as so confused with UPI whether it's mandatory while applying for IPO through online banking or not and it's just for physical application submission?
If IRCTC IPO pricing was around Rs. 400, what could have been the response from the retail investors?
374. Aniketiaf| Link| Bookmark|
October 4, 2019 11:08:18 PM
IPO Guru (1800+ Posts, 10200+ Likes)
The Bharat-22 ETF got a bumper response from Institutional Investors. The portion reserved for anchor investors received bids for Rs 13,569 crore, more than 27 times of total allotted portion that is 25 per cent of the issue size (Rs 500 crore). Thanks.
IS Application through ASBA allowed for this IPO? I applied through SBI net banking & I am able to see my application on BSE website when I search with PAN/application#. Friends please confirm. I am not aware of this UPI. I have an UPI but never occurred that UPI is mandatory for IPO.
I had placed bid using @ybl platform. However now when I'm trying to block funds, it says PNB is not listed on phonepe for AUTOPAY. CAN SOMEONE clarify if I can modify my bid upi id from @ybl to @upi so that I can block my funds? I did 1 blocking on bhim upi via PNB account, went Smooth. So I am hoping it allows me to modify this aspect. Anyone experienced this? I also tried calling Zerodha around 6 for clarification , it said will open tomorrow.
372.2. Rajat Jindal| Link| Bookmark|
October 4, 2019 9:53:58 PM
Top Contributor (400+ Posts, 100+ Likes)
@ashh No since phonepe doesn't have PNB on board for autopay. I confirmed it with the cc. Also since the ipo ended yesterday itself, modification wasn't possible. You can block funds upto 12pm though.
371. Eagleye| Link| Bookmark|
October 4, 2019 9:44:46 PM
IPO Guru (6600+ Posts, 21900+ Likes)
IRCTC IPO
GMP 208 +/- 2 Kostak 950/-
370. Virat singh| Link| Bookmark|
October 4, 2019 7:26:53 PM
Top Contributor (300+ Posts, 200+ Likes)
Amount blocked in my father's account but still not receive any msg or mail
Hi, I applied for IPO from Zerodha on 01 Oct 2019 and my UPI id is with HDFC bank. But till today, I have not received payment mandate request. Can anyone tell me what will happen to my application.
369.1. Medge| Link| Bookmark|
October 4, 2019 5:21:53 PM
IPO Guru (1300+ Posts, 2000+ Likes)
Zerodha submits app with NSE, check if you have received any email from NSE, NSE already sent confirmation email for all successfully submitted applications.
If you have not received email from NSE and also you are saying you have not received any mandate then there is high chance now your application is not submitted.
369.2. Medge| Link| Bookmark|
October 4, 2019 5:28:06 PM
IPO Guru (1300+ Posts, 2000+ Likes)
as you are saying u had applied on 1st Oct on same day you should have got mandate request within 30-45 mins, you should not wait till last day of IPO.
Zerodha allows to cancel exiting application when issue is open, you could submit new application. but now times already passed.
not yet shorted.......have 41 appliications....irrespective of 1100 kostak, ready to sell at 800 then also no buyer in mumbai....only fools will sell at 300...i guess...and smart one will sell near 500 to 700 range....or else stay open n try ur luck...