Yea if upstox se message hai toh ignore unka alg he chalta hai mandate accept kro nh kro toh bhi message ulta message krte h upi mandate is pending n all leave them CHECK RTA ONLY..
Got nothing 0/4 in Archean chemicals or isse bhi badi bat kaynes me bhi 4 hi application dale h or sub 4.10 h to isme bhi umeed khatm ho gyi hr bar non allotment dekh kr ๐๐๐๐๐
All senior member please guide me... My friend applied for ARCHEAN ipo. And he is now saying that he is received below message from upstock.
Your allotment for the ARCHEAN IPO was unsuccessful. Don't worry, your refund will be automatically processed within the next 10 working days or on the expiry of your mandate. If you don't get a refund after 10 days, check with your bank or the RTA of this issue. Team Upstox
Same is what i have received. I think that email is sent by upstox. I had a word with Upstox customer agent. He told that email and sent by some error and it will be credited.
274.5. Imhilli| Link| Bookmark|
November 17, 2022 7:13:44 PM
IPO Guru (1200+ Posts, 700+ Likes)
@ New comer Don't worry... your friend will get back the money today itself. In case if it gets delayed, which is highly unlikely, he will get back the money within 10 days. But this very rarely happens.
Don't worry.. Your friend will get the shares in his demat account. I have also received the same message of unsuccessful allotment, but after few minutes I received the correct message and email of successful allotment. So, no need to worry..
273. Imhilli| Link| Bookmark|
November 17, 2022 4:04:03 PM
IPO Guru (1200+ Posts, 700+ Likes)
My minor account in Prostocks got deactivated from 2nd Nov. I have submitted the birth certificate as per the advice of the broker and the account is still deactivated. Do anyone having similar issues? Please suggest what to do. Stock broker is raising their hands up.
273.1. Learner SK| Link| Bookmark|
November 17, 2022 4:21:30 PM
Top Contributor (1000+ Posts, 200+ Likes)
Hi Imhilli, how is the service level satisfaction for Minor account in prostock. Do they allow IPO application from minor account and selling of shares also from minor account? Also does one need to open a minor bank account to link in demat (or can joint bank account with guardian be linked). I am thinking to open, so these Q.
273.2. Imhilli| Link| Bookmark|
November 17, 2022 5:01:08 PM
IPO Guru (1200+ Posts, 700+ Likes)
Hi Learner SK.. So far my experience with Prostocks is good. It allows IPOs application for minor account. You need to have the minor's under guardian savings account to be linked with the DEMAT account. You can apply in SME IPOs also and sell on the day of listing. But due to some change in rules of KRA I am facing trouble now. Hopefully it will be resolved soon.
273.3. Imhilli| Link| Bookmark|
November 17, 2022 5:03:05 PM
IPO Guru (1200+ Posts, 700+ Likes)
The account can be joint but primary holder should be the minor. Otherwise it will become 3rd party application which is not allowed as per latest SEBI rule.
273.4. Learner SK| Link| Bookmark|
November 17, 2022 6:29:37 PM
Top Contributor (1000+ Posts, 200+ Likes)
Thanks Imhilli. BTW, which bank account you use? If I open a minor account like kids advantage account, can it be linked to IPO due to limited facility for child account. I need to check with bank. Your update is valuable.
273.5. Imhilli| Link| Bookmark|
November 17, 2022 7:16:00 PM
IPO Guru (1200+ Posts, 700+ Likes)
Go with HDFC bank. It provides online banking in minor account which is required for ASBA or UPI mandate.
Why don't I get any allotment in retail? I applied for so many,, still got only 1, that too 10months back. I always apply with cutoff rate and mostly apply on day 1 itself. :(
Is there anyway to apply sme ipo without having capitals ๐
267.1. Ankur Goel| Link| Bookmark|
November 17, 2022 6:53:29 PM
IPO Guru (1300+ Posts, 600+ Likes)
Yes, you can apply via UPI and- no need to approve UPI request as you do not have capital. Your bid will be submitted. So technically you applied IPO or SME IPO :)
1 out of 4 very easy for allotment,,,, agar aaj nahi niklega toah kya retail 10x , 20x 30x pe niklega kya,,,,,,,,,, aaj kisi bhi haal main niklna chhai atlest 2......
Agar aaj bhi nahi nikla na toh YE HAAL HOGA MERA TUNE IPO KYU LAGAYA BHOOTNI KE BHOOTNI KE TUNE IPO KYU LAGAYA BHOOTNI KE ๐ค๐ผโค๏ธโ๐ฅ๐๐ฟ
265.4. UjwalG| Link| Bookmark|
November 17, 2022 6:29:16 PM
IPO Guru (1300+ Posts, 600+ Likes)
@ashwani jjn you are right but its 23/5~4.6. You need to divide by 5 since bhni is 5 times 2 lk. This will give ballpark numbers. Ratio will be less than this also, since as you said application can be greater than 10 lk
Totally agreed With UjwalG. Ideally we should divide by 6 to factor the excess applications, so it should be 23/6 ~ 3.8, so 1/4. But sometimes it has so happened that I have 4 bHNI and still got 0 allotment since the rejections are all mine and acceptances are anyone's else.