2 times oversubscribed Issue's basis of Allotment is still taking time. this finalization of basis Allotment should have been a cake way for Registrar.
144. arvindarvind| Link| Bookmark|
November 21, 2022 10:59:56 AM
Top Contributor (1000+ Posts, 200+ Likes)
Hoping five star like rally in this counter. Jai Shree Ram
143. SANJEEV SOOD| Link| Bookmark|
November 21, 2022 10:16:11 AM
Top Contributor (300+ Posts, 100+ Likes)
Hunch : This IPO will give decent listing gain , and will remain bouyent , as Puranic Builders IPO , from the same space , is immediately following . To make Puranic sale through, they have to keep Keystone positive , at least till closing of Puranic.
@single user.... Allotment process is on lottery basis in case of over subscribed IPO. Keystone IPO is not fully subscribed in retail category. If you have applied in retail category surely you will get allotment. It is over subscribed in HNI category so it works on lottery basis. You may get may not.
आप अपने परिवार के भी डिमेट खुलवाएं,तभी एलाटमेंट की सम्भावना बनती है। जब इश्यु 100 से 200 गुणा तक भरा जाएगा,तब एक की कितनी औसत बनती है। आप अपने परिवार के अतिरिक्त यदि शादीशुदा हैं,तो HUF बना कर,अपने बच्चों का,भी डिमेट खुलवाएं, यदि 10 खाते होंगे तो एलाटमेंट आने लगेगी। SHNI की एप्लिकेशन लगाए,फिर देखिए, आपकी सभी शिकायतें दूर
139.3. antarix| Link| Bookmark|
November 19, 2022 5:57:40 PM
IPO Guru (1200+ Posts, 800+ Likes)
Did you apply for Medanta? It was confirm allotment in Retail category.
एक बार कट ऑफ प्राइस पर भी अप्लाई कर के देख ले भाई।
138. arvindarvind| Link| Bookmark|
November 19, 2022 9:17:48 PM
Top Contributor (1000+ Posts, 200+ Likes)
In this counter surprise positive listing chances are 100%. May head toward circuit after listing. The way BHNI subscribe they will play the big game, its my thinking. Jab koi subscribe nahi kar raha tha to bhi vo subscribe kar rahe the. Let's see what will happen on listing.
There are hundreds of companies in secondary market good for long term investment. But long term investment is game of patience and you really have to wait for discount in the prices. This is a good company with visible upside and good promotors but is it at good price may be not since it's already fully priced and market has not discovered its price yet.
The person whose name is first in the joint account holds the primary status and so the PAN. So u have two accounts with two different PAN , not conflict while applying for IPO
Dear forum members I am planning to open my son's minor demat account with Angel one.. can you please share your experience with Angel one. Is it user friendly app? Pros and cons of same.. any other broker can you recommend which you are using for minor for online IPO.. Thanks
134.1. Nifty Singh| Link| Bookmark|
November 16, 2022 8:53:59 PM
Top Contributor (200+ Posts, 100+ Likes)
119. Tejas pandya- Angel one web browser is significantly slow. The mobile App is bit ok compared to its browser but not great. much slower than Zerodha, upstox, MO, groww, SMC ace and SHCIL. For Minor account prefer full-service broker like SHCIL. Use transnet and transfer shares on the same day. For upstox you need paper DIS which needs to send by post unless you use easiest of CDSL. Angel have its own online DIS system which is convenient however I don't like the app.
I know of 90+ year old bedridden people who were served IT notices. I know what happened to the Governer's promise to pay the bearer of a currency note. I have heard about a kid who was denied admission to hospital after being bitten by a venmous snake for not having "A" card. I won't be surprised if minors too start getting IT notices sometime soon.
Angel one doesn't allow selling shares from minor's account. You will have to transfer shares from minor's acc to some other account to sell.... Only a few brokers are there that allow selling from Minor's acc. Ideally you should open there.
134.5. Nifty Singh| Link| Bookmark|
November 17, 2022 9:43:45 PM
Top Contributor (200+ Posts, 100+ Likes)
128.4. Justalearner- No broker is allowed to sell from minors' account. in India minors can have Demat but not a trading account as per the guidelines of SEBI. Check the fact before forwarding the information in the public domain.
I have my 3 years old Daughter's Dmat account with Prostock and they allow to sell directly after approving e-DIS.
You cannot do intraday trading, but you can buy or sell shares for BTST/Delivery.
I got allotment in Medanta IPO in my daughter & sold on listing day. Msg me for clarifications
134.7. Learner SK| Link| Bookmark|
November 18, 2022 8:57:16 AM
Top Contributor (1000+ Posts, 200+ Likes)
Durairaj - I am planning to open it too in the name of my daughter (11 Y) in Prostock and I need to open a bank account too. Do you have idea if Kids special bank account such as HDFC Kids Advantage, BOB Champ etc allow IPO application by ASBA? Or is it good that I open a normal / regular savings account in the name of my daughter. Should I open a joint account keeping her as first holder and me as Second holder?
A minor can buy and hold shares but can't sell them. It's like flying an airplane without a landing gear. 10,15 years is a long period. Long enough even to upend the world order. Does SEBI undertake to protect children's investments and the returns? SEBI's think tank , if that truly exists, needs a serious cleanup
@NiftySingh.... I would request you to do the same. Check facts before posting on public forum. Minors cannot do intraday and F&O but selling delivery shares is allowed by brokers such as Prostocks. In any case the tax liability is with the guardian so it doesnt matter whether you sell directly from minor acc or transfer to guarduian acc n sell.... Next time request you to check facts before commenting on public forum. Thx Rest you can help yourself through this link: https://www.chittorgarh.com/article/minor_demat_account_minor_trading_account/175/
@ Learner SK - You have to open an account with daughter as first holder & you as Guardian (attached my daughters HDFC account). ASBA of HDFC is user friendly, do not know about BOB.
I apply via UPI through my or wife account for IPO's. Used HDFC ASBA but never got allotment.
You can't open joint account in bank with minor but can open under gurdian account . If minor below 10 year old you can open only under gurdian account and above 10 year minor person you may open both under gurdian or self operated
134.12. Nifty Singh| Link| Bookmark|
November 18, 2022 8:08:56 PM
Top Contributor (200+ Posts, 100+ Likes)
133.9. @Justalearner- Thanks for educating and your kind advise.
134.13. Nifty Singh| Link| Bookmark|
November 18, 2022 8:21:15 PM
Top Contributor (200+ Posts, 100+ Likes)
133.6. @Durairaj,Tiruppur- kindly clarify how the online DIS of prostox works. It would be great if I can sell on the same day from a minor account. Have booked additional loss in Rainbow as could sell on the next day only after transfer to my account from my son's account. Because of this reason (transfer to gurdian account-one additional day) I never apply risky IPO in minors account after Rainbow. Is the online DIS of prostox just like the verification of holding before sell transaction in Zerodha, angel, upstox, etc through TPIN or something different from it?
@ Nifty Singh - It's same TPIN verification. You can sell by placing order in preopen itself. I sold the Global health (few other shares earlier) shares on listing day itself after this TPIN verification.
About Angel One To cut the long sory short, Angel One's App is pathtic and service is horrible. One, in all likelyhood would incur losses on trades due to their dodgy, copycat trading system. I won't even talk about their uninformed, uncaring customer care. For the ones who have experiened Zerodha, it's like downgrading from a business class Dreamliner to a 3rd class passanger train.
Friends please let me know whether you are checking your allotment status anywhere or your information of allotment is only band debit and unblock only?
133.1. Nifty Singh| Link| Bookmark|
November 18, 2022 8:28:55 PM
Top Contributor (200+ Posts, 100+ Likes)
131. @IPO ADVENTURE- you can check registrar website to check the allotment. like https://linkintime.co.in/MIPO/Ipoallotment.html https://kosmic.kfintech.com/ipostatus/