L&T info MD changes before IPO all top management change. L&t info directors abused female Employee. L&T withdraw 1500 fresh application. Company showed pink slip to 190 employee. Still If you want to apply then you Brave People.
''BAAD MAI NA KEIHNA BABY PIEHLE DEDDU WARNING L&T GEIRGA TILL 600 ON THE LISTING...JEEE BHAR KAI BECHLE BABY BECH BECH KAI CHOUD DE, BROKER POLICE BULALAIGA TOH YAAR TERAI KAAR LEGA HANDLE''
look like this ipo is not good option to invest in, ant counter part??
168. Rkg| Link| Bookmark|
July 3, 2016 6:56:11 PM
Top Contributor (500+ Posts, 200+ Likes)
Dear CLD sir,you have made a sincere effort to put some sense in the minds of people with "Innocent Qs".It is bound to fail,they will go on repeating Qs.and funny quarries ,till you drop dead. Forget it.
168.1. CLD| Link| Bookmark|
July 3, 2016 7:27:03 PM
Top Contributor (500+ Posts, 100+ Likes)
Dont answer them. They will get frustrated & then they will read FAQs.
First transfer money from OD FDR to Saving Account than apply through Saving and if not allotted, re transfer money to OD account after lifting the lien by bank.
ASBA means amount is blocked in your account once you apply for IPO. This means that you cannot withdraw this blccked amount. It does not matter which type of account you have. The only thing should be taken care while applying that you have sufficient balance in your account for the quantity of shares you apply.
Rajeev ur view on power finance corp or power grid corp ? Both the stocks in my track ...which one is best to buy for long term
163. CLD| Link| Bookmark|
July 3, 2016 11:43:29 AM
Top Contributor (500+ Posts, 100+ Likes)
FAQs responces.
10 applications can be submitted only through 2 bank accounts in the same bank or differant banks provided that particular bank allows 5 ASBA applications in an account. Such facility is not available in HDFC, Yes bank etc.
One respose has come that one can apply in a current account. What is the experience of others in this regard ? Let me know so that FAQs can be modified accordingly.
Thank You CLD sir, for me the Federal Bank of India is allowing 5 applications from one account upto 2:00 PM and another bank Corporation Bank is allowing upto 4:00pm. I am having accounts in both banks. So as per your version I can put 5+5=10 applications in both banks duly keeping sufficient amount. Does it not violation of rule if any, 5 applications person/PAN card??.
CLD JI,GOOD CONTRIBUTION,IN L&T INFO WHAT AMT RII MENTION FOR 1 LOT,@14200 OR 14000
161.1. CLD| Link| Bookmark|
July 3, 2016 9:18:40 AM
Top Contributor (500+ Posts, 100+ Likes)
14000
160. CLD| Link| Bookmark|
July 3, 2016 1:02:23 AM
Top Contributor (500+ Posts, 100+ Likes)
Frequently asked questions on IPOs by retail category ???????????????????????????????????????????
Q1: what are different ways of filing application ? A: You can do it either online through net banking or offline by submitting physical application
Q2: How many applications I can submit through online net banking from one bank account ? A: You can submit maximum five applications from one saving bank account but it may vary from bank to bank with some banks having their own conditions.
Q3: Can I apply from current account ? A: No. The application will not be processed by the bank
Q4: Can one apply from sweep in/out saving bank account ? A: You can but the application amount should not involve sweeping.
Q5: What is important to see in bank balance at the time of applying ? A: There should be a clear minimum cash balance equivalent to application amount in the bank.
Q6: Can I apply in the name of family members & friends from my saving bank account ? A: Yes you can apply.
Q7: Can I apply more than one application in my name from different saving bank accounts in the same bank or different banks ? A: No. If you do, then all your applications will be rejected.
Q8: What important things are to be seen in an application ? A: It should be unique in three things below. These should not get repeated in any way. 1. Name of sole 1st applicant 2. PAN no. 3. DP ID + Client ID
Q9: If I have joint DP account whom I should consider for applicant ? A: The application should be submitted for Ist name in the joint account with his/her corresponding details like PAN, DP etc.
Q10: Can I apply in the name of Minor or HUF ? A: Yes you can apply as guardian of minor or Karta of HUF.
Q11: How many lots should I apply to get maximum allocation ? A: If the issue is good, then it is bound to get over subscribed. In that case no matter how many lots you have applied, you will get maximum one lot that too in a lottery system. So you should not apply for more than one lot in a good issue. However, in an IPO which may turn out to be good or bad, where subscription is less than or equal to one time in retail category, then you will get as many lots as you have applied subject to Rs. 2 lakh limit. In this case it is however a high risk proposition. You may lose a large amount of money. In nutshell, in order to be on safer side, it is advisable to always apply for one lot only in all cases.
Q12: I had applied full lots upto Rs. 2 lakh but was not allotted any shares. There seems to be manipulations. Is there any way say change to a particular bank or DP, applying 1st day 1st hour etc. to get allotment ? A: No there is no such thing. As per new SEBI rules, whether you apply for one lot or full lots you stand equal chance to get only one lot in lottery system if retail category is subscribed more than one time. However, if it is subscribed less than one time, then you will get all the lots you have subscribed. So far lottery draw is concerned, it is drawn on a highly sophisticated superfast computer system where you cannot have any manipulations.
Q13: When I should expect allotment ? A: After one week of closing date for subscription
Q14: When I should expect credit of shares in my DP ? A: After 1 to 2 days of allotment
Q15: When I should expect release of funds in my bank ? A: After 1 to 2 days of allotment
Q16: Will the funds get released automatically in my account ? A: In most banks it is automatic however in some banks like HDFC, it has to be done yourself if you have applied online from their net banking.
Q17: When I should expect listing of shares ? A: After 2 to 3 days of allotment
Q18: Upto what time I can apply for IPO ? A: In online application it is 1 PM, 2PM or 3 PM. You have to check it for individual bank. Some banks also extend the time when there is huge subscription rush. In physical application through your broker, it can be 5 PM extendable as above. It is advisable not to wait for time extension.
Q19: Should I submit three bids for one lot each at three different bid prices in one application ? A: This will not be beneficial. You should submit one bid only at cut-off price.
Q20: If there is a discount, at what price should I subscribe ? A: In online bidding, the system will take into account discount offer automatically when you make bid at cut-off. In physical application, you will be asked to write bid price, discount & net price. You have then to take net price into account for calculation purpose.
Q21: I have not marked cut-off but has given bid price at upper band. Will it matter in any way ? A: No. It does not matter
Q22: Why should I bid at cut-off A: Because your application will always be considered for allotment whatever will be the final allotment price
Q23: If the price band is reduced but I have already applied in original band & amount stands blocked already, then what should I do ? A: You need not do anything. If you get the allotment, then excess amount will be refunded to you after the allotment.
Q24: How can I Know allotment status ? A: You can get it from the website of the registrar of the issue.
Q25: How can I know the subscription figure at any time ? A: Check “NSE bid details†of the issue from https://www.nseindia.com/products/content/equities/ipos/homepage_ipo.htm Also check “BSE demand schedule†of the issue from http://www.bseindia.com/markets/PublicIssues/IPOIssues_new.aspx?expandable=8&id=1&Type=p Add the two & you will get the figures at any time during the day. Total figures at the end of a day are however displayed directly on these sites at 5 PM.
Q26: What is meant by Kostak ? A: Before an issue lists, brokers & individuals purchase the application from investors at a price which is called Kostak. Application is sold at Kostak irrespective of whether or not shares get allotted to that application. The transaction in this case is made at any time.
Q27: What is meant by GMP ? A: Grey market premium (GMP) is the amount per share which an investor get from the broker or individual who buy them before listing of the shares which might get allotted in his application. The transaction in this case is made only after shares are allotted.
160.1. CLD| Link| Bookmark|
July 3, 2016 1:11:46 AM
Top Contributor (500+ Posts, 100+ Likes)
I have prepared these FAQs to help all especially new members on the site.
If I have missed anything, then let me know by referring to the question no. so that the FAQs can be updated. Only experienced members to comment please.
You can see or refer to these FAQs subsequently any day by clicking on my name
160.3. Khemka| Link| Bookmark|
July 3, 2016 9:08:04 AM
(1000+ Posts, 400+ Likes)
Dear cld sir , your q.8 name could have same in many application as same name can be found in india multiple times . So name doesn''t condition.i think so. Rest is great.
160.4. CLD| Link| Bookmark|
July 3, 2016 9:22:57 AM
Top Contributor (500+ Posts, 100+ Likes)
All three items have to be taken together not separately.
Dear ''CLD'' almost all doubts are cleared with your notes. However I want to know one more thing whether a person can place ‘10’(ten) applications through his net banking system by opening two saving accounts either in same branch with different account numbers or within bank with another branch or from different bank.( I saw instructions that one can put maximum of 5 applications per account). Why I am writing this is to apply though Physical application is going as difficult process as ASBA system introduced. Here client has to put the signature on application as if in check book. Earlier brokers are submitting the applications for investor as per oral instructions duly putting for signature.
as far as q. 3 regards current account....i think one can apply thru it...as i myself had applied earlier thru current account ...and was successfiul in getting allottment
please clarify if i am wrong??
160.7. Rkg| Link| Bookmark|
July 3, 2016 11:04:16 AM
Top Contributor (500+ Posts, 200+ Likes)
CLD ,no doubt you have taken pains in clearing the recurrent questions. But, it has created an opportunity for Thaluas to raise the same questions again and again pleading they are New To The Forum.It will be better not to reply to the recently answered Qs.and also those which are already displayed at the top of the board. Also,allotment kab hoga , a/c block nahin hua,mujhey kyon nahi mila ,unblock kab hoga etc come in the same category. Members are requested not to ask such Qs eg subscription figs. frequently.Time and energy of sincere /knowledgeable boarders should not be tested.,and such quarries should at best be ignored.
As you wrote in question no 3 that we can not apply through current account , I have a query as the OD account against fd is also current account can we apply through OD account , its good to apply from OD if we have fund shortage as money deducted only on allotment so this way we can use the money in OD if didn''t get allotment we also need not to pay any interest as well.
But you create the doubt in my mind that we can not apply from current account please clarify
@niceplaywins sir you submitted your form ...your bid was successful in bse as it shows....but from there it went to your bank...where the funds were not blocked