@Amit ji, although stock market is all about uncertainty, but do you think of any chance opening this in discount considering the current war situation, and how it may turn out? Also, can we sell the shares on the listing day itself? Sorry about asking this, since I'm used to main line ipos, and thinking to put around 2-4 retail apps in this. Thanks in advance!
I have minor's account in prostocks and kotak bank account. NSE SME IPOs are not visible in Prostocks and Kotak bank does not provide online ASBA facility for minor. Is there any way to apply this IPO? Also, please suggest any other broker/bank account for minor to avoid this issue in future. I tried edeilweiss, but that also give error for birthdate.
You can add your Minor CRN to your Kotak CRN . After doing this you can see both the accounts in your login and you can choose minor account and apply via ASBA .
I would suggest - go with physical form submission in bank branch. You can download blank IPO form using NSE website : https://ipoforms.nseindia.com/issueforms/html/index.jsp
Print the form, fill all the details and submit to your bank for bidding before cut off time.
89.4. pRACE| Link| Bookmark|
March 17, 2022 11:52:48 AM
Top Contributor (200+ Posts, 100+ Likes)
i have checked with my broker for minor account, he said ASBA and upi system are not working for MINOR, But still check with physical form if you can as an option.
88. Bhav| Link| Bookmark|
March 17, 2022 11:27:09 AM
Top Contributor (400+ Posts, 100+ Likes)
Bhai log apna all in
first time did not have to think about lot size and wait for 2:50 PM.
85. pRACE| Link| Bookmark|
March 17, 2022 10:14:23 AM
Top Contributor (200+ Posts, 100+ Likes)
for KN and Swaraj, please confirm that do we have enough time to accept upi by monday 12noon, so can arrange fund in the mean time and apply via upi now. thanks all experts in advance. as tomorrow, and saturday, sunday to be considered as non working days.
In this SME co.'s 1 lot there are 1600 shares, can someone knowledgable pitch in and the trading will have certain restrictions in terms of number of shares (minimum) one can trade on opening day.
To the beat of my knowledge, all transactions in SME IPOs are in the multiples of 1 lot, so in this case for a considerable period of time (until NSE changes lot size) it shall be traded in multiples of 1600 shares.
Experts and group leaders, if iam incorrect please correct me and answer our friend.
Until the stock exchange reduce the lot siz, normally the stock exchange do this when price per equity shares goes over INR 200 or when the company migrate from SME Platform to main board. After migration the lot size will not be there, one can buy or sell 1 equity shares
83. Venkatram| Link| Bookmark|
March 16, 2022 8:52:03 PM
Top Contributor (300+ Posts, 100+ Likes)
GMP in KN SME: 63000/- (Subject to Allotment rate). Wow what an increase from 51k to 63k in just couple of hours. GMP is as expected on fire. Wouldn't be suprised if it nears 90k by noon tomorrow and by then the subs would be rocketing.
Anyone having a problem to applying with ICICI bank? they changed their UI. in DP Id expecting first two character. while I have digit. I have angel broking account.
81.1. Bhav| Link| Bookmark|
March 16, 2022 10:55:31 PM
Top Contributor (400+ Posts, 100+ Likes)
This is because they stopped CSDL account, only accepting NSDL, which starts with 2 alphabets
Depends on the subscription number for the category applied. Assume that it is 10 for both HNI and Retail. So If applied as an HNI from one account: Probabliity is 0.5 If applied as retail from one account, probability is 0.1
79.2. CoolAsh| Link| Bookmark|
March 16, 2022 7:27:50 PM
Top Contributor (500+ Posts, 100+ Likes)
Being a small investor 10 lakh funds blocked in TCS buyback Applied from 5 different accounts for retail quota entitlement Now for KN agri applying 4 applications of one lot Which will come under lottery Could have applied more but funds are limited Also this is my first SME ipo application:)
Good Morning to all Have a great day I am new here, I have one query. For this SME ipo 10 retail Application or 1 sme application with 10 lots. Narool Sir and Lokes Sir please guide.
@ Yudi.. Decide it tomorrow around 2pm after seeing the subscription in both categories. It will be easy to decide then. Since HNI Quota is just 15%, I do not think you will get one lot without investing at least 50x.
77.3. Trueinfo| Link| Bookmark|
March 16, 2022 11:12:57 AM
IPO Guru (1800+ Posts, 1700+ Likes)
Anyday, go for 10 retail applications for better chances. Retail expected 40-50× and NII expected 120-150× . So chances in retail will be about 3 times higher.
@Navdeep You can tick cut off or put higher price, it will be same in this ipo. Because the shares will be allotted on higher price. It makes difference only in ipos where you expect shares to be allotted on less price than the upper cap. Better you tick cut off, if you are applying in retaile category.
Is it valid to apply through both HNI and Retail category? What is the best way to apply for having higher chances of allocation? Can we apply more than one lot under retail category? Sorry for asking too many questions...
Using same PAN, u cannot apply in both Retail and HNI. Retail will be lottery and subscription could be around 40X, u have maximum chances if u apply as NII with more than 1.2 cr as subscription could be around 100x. In retail just apply one lot. Anything more than 1 will be NII
73. Venkatram| Link| Bookmark|
March 16, 2022 2:06:16 PM
Top Contributor (300+ Posts, 100+ Likes)
GMP in KN SME IPO: 51000/- (Subject to Allotment rate). I saw in this board I think Ravi Bhai said will list close to 150/- GMP is on fire. allotees will laugh all the way to the bank. Congrats to that small group in advance.
I personally see no difference in UPI or ASBA I have seen getting a lot in adani wilmar for UPI but not in the same co.'s share holder quota using ASBA
Thank you good Sirs, I have applied for 3 IPOs (CMS, AGS & AWL) till now and got 2 allotted through UPI so was comfortable and thought it didn't make a difference.
I've accepted my mandate so let's hope, fortune favours the bold....🤞🏻