@Market Advisor I am sure you know that buyback is of two types. open market buyback is not of much benefit to retail investors. Although it provides stability so share price will not fall much during next few months. In tender type buyback retail investors can buy shares from secondary market and tender when the buyback opens. tender type buyback mostly gives some profit to retail investors. I don't know yet whether Bajaj auto buyback is tender type or not. Last time Bajaj auto buyback was open market buyback
Due to SEBI regulations there are less chances of buyback being open market type, if it comes before 31.3.24. There would be even lesser number of open market buybacks after 31.3.24
which bank is providing minor asba -ipo facility..? Please suggest only those bank which is allows to open minor saving if guardian saving account not exist with that bank.
Indusind allowed but not sure about minor asba- online Icici -- mandatory to open guardian Idfc --mandatory to open guardian
136.1. JSK✨| Link| Bookmark|
January 3, 2024 3:20:19 PM
IPO Guru (1600+ Posts, 900+ Likes)
UPI:
ProStocks minor + mandatory to have guardian demat in ProStocks
Minor saving account can be in any bank (HDFC/ICICI/...).
136.2. AryanRaj| Link| Bookmark|
January 3, 2024 3:59:52 PM
Top Contributor (600+ Posts, 100+ Likes)
ICICI has limits on minor account. I closed mine. 2 lacs per annum transaction and max 50k in credit. During Oct-Nov I must have utilized 20L in minor account (Indian Bank via UPI). Most banks have this ridiculous total transaction limit or max credit limit.
136.3. rohiitian| Link| Bookmark|
January 3, 2024 6:09:52 PM
IPO Guru (1200+ Posts, 800+ Likes)
@AryanRaj I have an ICICI account, and have opened minor accounts for my daughters, with a view of applying for IPOs, and in process of opening a Prostocks demat.
How do I find out about this ICICI limit? Does that mean that if we get a Mainboard HNI allotment (>2L), the money will not get debited? Nothing was mentioned when we opened the minor account.
I am using Indusind Bank SB A/c. in name of minor (my daughter) from last 15 years and applied selected IPO's for long term as portfolio investment. I linked Demat a/c openned with seperate broker........ Hope it helps
@Premsukh PKB I am planning to open with indusind.. can you help me with 2 queries 1. Are you applying/using via Asba - netbanking? 2. SHNI and bhni is allowed from indusind
@Warren Yes NetBanking ASBA and SHNI/BHNI can be applied.
136.7. AryanRaj| Link| Bookmark|
January 4, 2024 12:37:06 AM
Top Contributor (600+ Posts, 100+ Likes)
@rohiitian There are 2 variants, I opened one which is for 10 years above run indendently by minor. There is one under guardian for any age (even 1 day old) upto 18 years. Self run own acc has credit limit of 2 lacs per annum that is one can deposit 2 lacs max in total so if you deposit 20k for 10 times on same day your limit will be over and acc will be frozen and you will have 2 options, either close acc or keep it freezed for a year. In under guardian acc limit is just 50k.
136.8. rohiitian| Link| Bookmark|
January 4, 2024 8:58:38 AM
IPO Guru (1200+ Posts, 800+ Likes)
@AryanRaj Thanks for the info. I'm also checking with the ICICI rep, but online they are suggesting that the Young Stars account under guardianship for any age of child has no transaction limit (my daughters are 2 yrs old), while the one for 10 years above one has the limits mentioned. Let me find out and update here.
@rohiitian , twin daughters ? Well if it helps in anyways, HDFC is also good for this purpose. But unblocking part is a bit on the slower side, plus every time DP-ID needs to be entered manually which is little irritating.
136.10. rohiitian| Link| Bookmark|
January 4, 2024 9:59:02 AM
IPO Guru (1200+ Posts, 800+ Likes)
@GrayIsTheNewBlack Yes twins, will allow me to add 2 more accounts for mainboard purposes mainly. My HUF account is in HDFC, let me check if I can add guardian to it. But HDFC doesn't allow to keep money in a Linked FD, while ICICI money multiplier can be used with minor accounts also, so I limit my capital in HDFC.
@AryanRaj Thanks. I'll see if Indian Bank can solve my problem, but let me check with ICICI first, will be least work for me since minor accounts are already open.
@AryanRaj , name mismatch doesn't matter. My name in Bank and Demat account has slight difference same case in my father's account too. And have received multiple allotments for both of us.
Icici Minor Account shows Guardian PAN no . -- No limits in Young star account -- Only issue minor PAN will not be shown in my case HDFC minor Account -- Shows Minor PAN no -- But no ASBA against FD, have to do from Savings account. Anyone has idea how to apply Big HNI for minor account than please guide..
@Warren My minor account was opened almost 15 years back and then it was her PAN was showing in the account (My PAN copy was also taken), but as on today I don't know the latest procedure.
@rohiitian pls share your experience for HUF account...HuF deed , capital infusion bank account, and demat account journey. I am planning to open same for me
Can anyone please inform, If they applied as per above and alloted any IPO by the name of that 2nd or 3rd holder for any IPO that was after 1st December 2023.
thanks a lot. one more inquiry if you dont mind, i have a bank account myself+wife+daughter, 3 holders.
do you have any account like this and apply for 3rd holder too and got any allotment after 1st december, 2023.
thanks.
135.5. sashah| Link| Bookmark|
January 4, 2024 12:03:09 AM
Top Contributor (400+ Posts, 100+ Likes)
No I have joint account with my wife but my friend has joint account with his wife and son.. they did get allotment in all names from different IPOs...
Keep register simcard with the same handset which you use
132.4. CoolAsh| Link| Bookmark|
January 3, 2024 3:57:43 PM
Top Contributor (700+ Posts, 100+ Likes)
Working fine for me
132.5. k l patel| Link| Bookmark|
January 3, 2024 4:24:24 PM
IPO Mentor (600+ Posts, 200+ Likes)
friends i m using updated app, also uninstalled & reinstalled. sometimes opens within a second but sometimes don't open at all
132.6. MuStrFc| Link| Bookmark|
January 3, 2024 5:10:48 PM
IPO Guru (3000+ Posts, 2400+ Likes)
@k l patel Try using a different internet network and use "Force stop" and "Clear Data" options and then register and try again. Further try using a intermediary DNS server on your mobile that acts as a bridge between your network and bank servers
132.7. k l patel| Link| Bookmark|
January 3, 2024 10:31:12 PM
IPO Mentor (600+ Posts, 200+ Likes)
@MuStrFc i connected internet using wifi and app started working normally. i think mobile had blocked app due to battery drain or high net use. now working on mobile net also.
I think We should avoid Mukesh Elon adani post,ek kahavat hai, 🐘 chalta hai to 🐕 bhokte hai, lekin 🐘 to apani mast chal se hi chalta hai,we should do our work and avoid him just like 🐕
130.1. PUSHPaa| Link| Bookmark|
January 3, 2024 9:28:25 PM
Top Contributor (200+ Posts, 100+ Likes)
@Diligent IPO Learner A . site is not moderated on real time basis B . at least 50-100 spam report req. for even starting to look into such person's post
Plz.Dont Trade in Grey Considering 335 As Price Band or 145 calculated by me If it's 145 the issue is good If it's 335 , Mark My Words : wealth Destruction must happen
Don't buy anything if rate is really 335
IPO Decision will be taken on the IPO Date
Don't burn your hands in grey in jyoti That 65 Premium is a very early one , Still Volumes are low
Just think one thing 2012 Revenue - 500 cr 2021 Revenue - 590 cr
I will try getting the info what happened with the company in these 9-10 years
If possible will be try getting the info from promoters itself