Edhar retailers se jyada toah employee ne badakar apply kiya,,,,, Jo bhi hain ,aise retailers ka subscription dekhne ke baad muh main aapni aa gaya,,, Keep it up retailers,,,,, Aisa hee subscription karte rahna taaki hum jyada se jyada application laga paaye and jyada allotment....
Is there any reason for getting confirmation from different Exchange for different application? Applied Retail from Zerodha with UPI - Got Confirmation from NSE Applied retail from Angel with UPI - Got Confirmation from BSE
190.1. Nilaykumar| Link| Bookmark|
November 14, 2022 6:31:59 PM
IPO Guru (1200+ Posts, 600+ Likes)
Different broker use different exchange to submit their application , either NSE or BSE. No difference in allotment chance or anything.
Applied retail from zerodha with upi got sms from NSE Applied retail from zerodha with asba got sms from BSE Two separate demat each linked with different indus bank account. Quite unnatural....
Can you please clarify how its 1:4 when bHNI is subscribed 23 times. This is also true for SHNI as well? Can you please elaborate how does number of times subscription is translated to allotment chances in sHNI and bHNI category?
187.2. IPOGainers| Link| Bookmark|
November 14, 2022 4:24:38 PM
Top Contributor (500+ Posts, 100+ Likes)
Divide BHNI by 5 to get approx number of applications. For SHNI, this is not the case.
187.3. Trueinfo| Link| Bookmark|
November 14, 2022 4:32:59 PM
IPO Guru (1900+ Posts, 1700+ Likes)
@Cyberdude, All bHNI applications are for more than 10 lacs and allotment will be for 2 lacs. So, subscription is always 5× of allotment ratio. That's why subscription divided by 5 gives you approx allotment ratio. Not true for sHNI as application amount and allotment both are same.
Total applied share in BHNI 34701125 share bidded . 90-91% applicants bidded with minimum lot i.e. 69 lots and remaining 10 % applicants bidded at higher side always.
Arround 70% of total share bidded at 69 lots means. 34701125 ×70% = 24290788÷ 1725 = ~14081 Applicants bidded at 69 lots and rest ~1560 applicants bidded at higher side. Total Applicants is ~15640. Available lots 4296..
@TrueInfo Thanks for sharing the knowledge. If divide by 5 rule is correct, so can we assume that in IPO's where BHNI subscription is less than 5 times, all the BHNI applicants will be alloted shares?
187.9. ipo stonks| Link| Bookmark|
November 14, 2022 7:30:06 PM
Top Contributor (300+ Posts, 200+ Likes)
@Vineet Bansal Yes! If bHNI subscription is less than 5times all valid applications will get minimum allotment and some additional shares.
Also it is not exactly “5” You have to calculate it by dividing “bHNI/sHNI” In this IPO it is 10,12,575/2,05,450 = 4.9285
Results are average...the half year ended eps is lower than previous year...they are behind their target to beat previous years EPS We should see consolidation again. Nothing exciting about results. Now i know why they didn't declare june qtr results. It was pathetic. Not to mention that they asked ipo price of 220 based fy22..now it has higher p/e on ttm basis, but still below industry avg
For the first time in years, I missed accepting the IPO mandate. 2 applications expired as I got busy with work. Others applied via ASBA. Guaranteed allotment not possible anymore in this 1:4 retail sub issue. 5 PM deadline :( Feeling bad I can't even crow properly.