Latent View Analytics Limited IPO Message Board (Page 31)

😂🔥

while comparing the returns, you are forgetting 1 extremely important thing which we call as risk....

In PB, to get that 2.5% return, you had to take the extra risk of 12.5%/0.6% as compared to SIGACHI. which is 20 times more allotment, 20 times more money in the stock market... risk adjusted returns should be looked at... For a HNI, the 1.8% in Sigachi is much better than a 2.5% in PB simply for the fact that risk was 1/20th in Sigachi... My honest opinion..!

@Nimit...who else will understand risk in high HNI allotment in low subscription IPOs better than me (AB AMC 13lk allotment and still struggling for Issue price 😜)

I''m just comparing returns in low subscription IPOs how easily they''ll beat bumper hit IPOs if luck slightly favours the brave (if unlucky it''ll be like AB though) 😂

Chalak lomdi
Same here, I get both nykaa & policy in 1 dmt ac.
Hope for latent

Corrupt !! Link dont want to work again .. and just repeats previous allotment procedure of pan number stored in record ???

Same here
Back to back allotment in same a/c , though applying 5-6 app.
It happened in past for me when link in time registrar

same here but only in case of 1 account.

Though your Logic is right, Latent has been subscribed 95 times application wise. So it will be really tough that this logic continues in Latent View Too......Though feeling more excited as I feel a bit more advantage to me than Others.....

Same bro in same account i got Nyka first and now PB

A different experience. Got 2/3 in Nykaa and 0/3 in PB inspite of such low subscribtion. Probably my turn for the same philosophy is reserved for Latent!!!!!@.

I did not get any allotment in NYkaa
But, got allotment in PB
1/1

1. jisko nyka nahi laga sur pb laga he usko latent lagne ka chance high he...

2. jisko nyka aur pb lag chuka he usko 98 % latent nahi lagega..

all the best PB walo... ( ye trick kum paisa aur 3 4 ipo sath me ho to jyada kaam ayegi ) khelo dimag se..

@chalak: from your first point:
1. jisko nyka nahi laga sur pb laga he usko latent lagne ka chance high he...

i hope you are aware that there are lakhs of retailers who didnt alloted nykaa but alloted in PB. And PB retail size and allotments were too high in comparison to latent to kahan se chance high ho jayega, apne ghar se to dega nhi na registrar latent walo ko jinko PB mila hai. I have 3 retail accounts where no nykaa allotment but PB alloted and there are thousands of people like me with this case, and we all know how much our chances of getting in latent in retail, ab kisi na kisi ko to wese latent lagna hi hai to kisi ka co-incidence to banega hi :) btw i feel pity for the people are who thinks of these co-incidences, with some of retailers, as real and keep hopes high.
100 mai se 1-2 co-incidence wala yahan post kar deta hai and log khush ho jate hai, without thinking there are 98-99 others too.
And nykaa k baad PB lagna is not big deal since in PB so many were allotted in retail.

@Chalak bhai Congrats on becoming IPO mentor.!!

Boom shakalaka...🔥

Jisne nykaa apply kiya aur allotment hua but policy bazar nahi bara uska chance kitana hai?

I didn''t receive in nyaka, PB and now in latent as well.. money unblocked from Hdfcsec

Normal people " bada hathi lagta nahi aur paytm jesa chipak jata he...

Pro people " hayla latent nahi laga ! Paida release ho gaya.. Go color bhar bhi diya " 😉

Jo chis apne hath me nahi hoti us par roya nahi karte... Be brave be gentleman ...😎

nope bro from 1 id i have received 1 policy bazar but not latent whereas from 1 id i have received naykaa but not latent what do you say on this ????

@singhabiya bad luck mota bhai... 80% chance he aur me uss chance me include ho chuka hu..🐺🐺

Yeah i also got 1 allotment in nykaa and also 1 allotment in latent view in same dmt acc

@DSR: At a price of 500 per share the Company will be valued at ~10k cr market cap and with an estimated 100 cr PAT in FY22, it means a P/E of 100x...that would be a very very generous valuation for this one!

Whatever may be the price, I am keeping 1 lakh for listing day purchase.

Thought about it in every good IPO but only recently executed in Devyani first..and now planning for latent.

awesome idea i did it in devyani,nykaa, now thinking in latent but in devyani was not success as it went down afterlisting

@DSR,
what about Sigachi on Monday,this should also be bought or left? Didnt get allotment

Devyani is all green now...:)

For the last three fiscals, the company has posted an average EPS of Rs. 4.42.
At Rs.500 per share its PE reaches 113.12 which is pretty close to its peer Happiest Minds current PE of 120.91.

The momentum this stock has right now, may even take it to 1000 but in few months either it has to come down or earnings has to grow all of a sudden.

@DSR , Does LVA has any 5% circuit after listing price like Paras? Or this has 20% circuit after listing like normal stocks?

Also, when you saying buying in opening meaning at upper band?

Latent target exit price 700-800. Sigachi target exit 600.
Both can be achieved within two weeks.
Both shouldnt be sold on listing...

@Suneel Padavala,
What I understand is that ''Paras'' is less than 200 Cr category, hence it falls under T2T category (with 5% circuit), Latent View shall list and trade like normal stocks.
Someone can correct me, if my understanding is wrong.

Thanks

Thanks Mravi sir. I think you are correct.
LVA may not come under T2T segment, I think Sigachi full under T2T segmemt as issue price was around ~163 cr

@DSR: it''s not in t2t segment, so circuit is 20% here from listing price, so 2-3 UC is too much, even one on listing day will be good to have if possible, after having bumper listing.
And I also bought devyani on listing day, finally it crossed the price recently after long wait.
@suneel: ya I think he meant in pre opening by placing order at upper range like I was suggesting to do in nykaa

@lokes..you''re right.. I went overboard.. not in following days.. but one can hope in few months...~50-70% upside.

@sbipo - Yes Sigachi can also be bought but could be risky so play as per the interest on Monday.. I also did not get allotment in Sigachi.

Got Policybazar 1 lot which I''ll keep for long term..I am in no hurry to sell it..also will not buy on listing day but wait for price to settle...like I did in Devyani ..I bought maximum quantity around 110...:)

@Lokes, Thanks for this info. I think Sigachi falls T2T segment.

Can we buy Sigachi on Monday at upper band in Preopening? If it isnT2T, then only 5% possible...what do u say?

Looking at Subscription figure of HNI ,Looks Like Funded HNI will get Nothing.Becuse Now Gmp.has got Limit.and on Listing day Funded Hni has to square up their Deal.

The cost at 8.5% is 273..
and the current GMP is 330-350..

50 to 70 per share for 76 shares in a lot.. Not much..

@iamnimit. Thanks for sharing info. If breakeven is at 273, do you have to exit on listing day. Cant you hold the share for few day?. Interest cost to be paid for nbfc should only be for 115 shares for all extended days kept , since remaining amount is already recieved on refund date?
If stock can be hold for a week and most likely rise in this latent case, you will have more chances to earn. So still looks less risky for funded hnis if they keep it for some days. Pls enlighten.

@snipperRaj

The NBFC debits their funds and the interest due from the margin kept by you. If the margin is sufficient , then you are free to do with the shares as you deem fit. If the margin isn''t enough and you don''t pay up by listing date, the shares are liquidated and the NBFC gets their balance dues from there.

I know funded HNIs who liquidated only part of their Zomato holdings and are still holding on the rest.

@IamNimitShah Please add on if I have missed something or there is an error.

@snipperRaj
there''s no pressure from NBFC to sell your holding.. contrary to what people think, NBFCs take the margin amount as well as the interest amount from you before they even bid for you.. In this case, the margin was 0.25% (NBFC was expecting minimum 400x in LV) and the interest was 8.5% (which comes to around 273/share) so for my 2C bid, they asked for 50000 margin and 33000 interest in the beginning (day2..) if Latent would have been 500x, I would have gotten 200 shares at 33000 interest.. and now I will be getting 115 shares at 33000 interest.. self funded HNIs and Retail will be getting the shares at 197/share... we funded HNIs after paying interest get the same at 475/share (in LV) or 1415/share (in Nykaa)...

Liquidation would perhaps happen in a hypothetical scenario that Latentview subscription didn''t cross 300x, I got more shares den the margin I paid and if I didn''t pay heed to the NBFC asking what is due to them...

@M.K. Correct!

@iamnimit, @M.K.
Thank you for sharing knowledge. Appreciate it. Any IPO where funded HNIs burnt their hands badly?

@Iamnimit, i think you should hold LVA for some time. It is good script. AI data analytics business and fortune 500 clients. Based on gmp of 320, it should open arnd at ~500 and has potential to hit 700-800 in short time frame.

There are many many ipo''s where hands were burnt... The top ones I can think of are
GLS (Glenmark Life Science) HNI Subscription @122x considering 8% interest => 135 is the cost and considering 9% interest => 152 is the cost.. It listed at just 30Rs premium at 750.. Considering 1C bid, shares allotted would have been 110 and at 100Rs loss per share, it''s a 11k loss we are looking at...

Even better examples are AnuRas (100x in HNI and negative listing) and EaseMyTrip (360x ~~ 10% premium opening) All these examples are of 2021 only..!

Regarding holding LVA, I am definitely gonna hold it for long term.. I think it has chances of a surprise listing as well - above 550 is what I reckon!

@suneel: ya sigachi will be in T2T category with 5% circuit range from listing price.
Regarding your query , i have replied now in sigachi forum.

Thanks @iamnimit for info. Wishing above 550 listing n 700-800 in a short time frame.

It''s the most heavily subscribed ipo (in terms of total subscription = 326x against 304x of paras) in the history of our markets... Can it get the bestest listing in our history? Paras listed at 162% premium.. Can this go 200% and touch the magical figure of 600?

Since there is expected +100 % listing day gain in latent view, there would be definitely be a good amount of selling post listing. That is why despite such euphoria post listing stock (except T2T) doesn''t go to circuit breaker.

Churn will happen but if this euphoric scenario continue then there would be new buyer emerging in the short term.........Nykaa has changed the environment. Let us see how long this boom-boom time will continue.

Most of us are considering the stock to be so good that we all plan to hold.

My take is that if we know that stock is so good for long term then we should be focusing on buying the stock from the secondary market market instead of sweating it out in heavily subscribed IPO with 500x times application money.

We are all singing songs in praise of Zomato and Devyani now....but not many of us tried to buy it when zomato was below 125.

@monster,
thanks for the latest update - all in one place (SJS and PB getting good attention before listing.)

Thanks

@Monster Zero, thanks for the update. I was thinking to skip Go fashions earlier. What would be the reason for such GMP?

Agreed.
I haven''t applied from a single account for this.
Actually applied via UPI from 6 accounts, did not accept a single mandate later.

@GJ,
Why you applied via UPI ?
After seeing the subscription lt was not the candidate to apply at all.

@NOORUL the issue was heavily overvalued so i completely avoided it.

@ mog.. i also skipped.. and i got one lot of PB in retail .

I also skipped Fino and SJS completely.
2/4 in PB Retail

Skipped it totally

@lokes,

Was busy with other things that day, didn''t want to miss anything if the subscription goes high on the last day, last hours.
So applies via UPI so that can make a decision later in the night, or the next day till 12PM.
Later, found out, it was not even a candidate to consider from going on IPOs.
Anyways, did not accept a single mandate later on.

@Noorul,
I got 2 lots in PB in retail.
and 1 lot in SJS in retail.

@GJ: i didnt even applied in fino at all....in PB i got many lots in retail/hni.
In SJS, there was no issue in company/business/valuation, only thing was due to other ipo''s it didnt got much attention, here i applied and alloted in retail and it''s gmp is doing good now, it can give me returns like i got in vijaya diagnostics , there also everyone saying to avoid but i applied and alloted in retail and got decent returns.

@lokes,
I also applied and allotted in SJS, 1 lot.
Seems like going CarTrade way.

I skipped both Fino and SJS as I was not confident about their performamce and seeing the poor subscription levels, but had applied in PB and got 1 lot.

@GJ: I already sold my SJS around cost to cost and Paytm also at around 2k loss....

@Nexus,

Due to the limited space available on the screen, we show 10 columns only in the HNI cost calculator. The ''NII IPO Collection (Incremental in Rs Cr)'' variable helps us to manage reasonable options in those 10 columns for different size IPOs.

Let''s take an example of Sigachi IPO HNI Cost Calculator

We kept the NII IPO Collection field at Rs 1000 Cr which gives us a range from 100x to 150x oversubscription. If we change this to 5000, the oversubscription range goes from 100x to 2500x with a huge gap between them.

@Members, Please suggest if there is a better way to manage this. You could create this simple calculator in excel and try to play with it.

@Admin

It seems fine the way it is... Some tweaks can be done. The number of days can be a user input field as due to holidays in between the days can go up to 8 or 9 ... also in case of Zomato, the days reduced due to early listing. The interest rate can also be a user input field.

You may also post a downloadable link of the excel.

@M.K.
Noted. Its a good idea to make ''No. of Days'' and ''Interest rate'' as variable. Thx for your feedback.

@MogPunisher : HNI Quota is an unofficial way for NBFC to participate in Primary Market.

Funded-HNIs are just guinea pigs who takes most of the risk & hand over most of the profits to NBFCs.

@MOG : hmm they are shattering our dreams of even 1 lot with so much of investment :)

@nexus yes and no. NBFC obviously eat a good portion of the premium of funded-hnis and their investment risk is quite low. But in most of the cases like Nykaa, Paras, Zomato, Ami organics, and many other IPOs funded-hnis actually make good returns.

@lokes Exactly! I feel bad about it but in the same time I also feel good about the fact that funded-hnis are gonna get their hands burnt.😁

I am a funded HNI 😭

I am going to get 115 shares.. for a cost of 60,000..
For me to breakeven, Latent has to list at 525+

I don''t think for all the HNI''s the cost will be 273.29 Rs. in this calculation it''s assumed that HNI will bid for 850 lots, but that might not be the case as like us they also don''t know what will be final subscription figure. so they will take a loan from NBFC as per their calculation and risk capacity as well. so for some of them who have taken a loan for let''s say 400 lots as per their calculation, it will be either full loss as they might not get any allotment or good profit if 1 lot is alloted.
This is as per my understanding, feel free to correct if something is wrong.

@iamnimitshah - I hope for the best for you!

@MogPunisher - Just a minor suggestion that all your calculations should be based on oversubscription at the higher end which is 881.96x and not lower end which is 850.66x. Of course, all this is before any technical rejections.

@Iamnimitshah

Best of luck to you 🤞

Dear Members,

FYI

The NBFC IPO funding limit proposed by SEBI was supposed to get in the action by Dec 2021 but got postponed till March 31st, 2022. Not sure of the rationale behind the delay.

This ruling will be a game-changer. This may also be an indirect way to curb activities in the grey market.

Definitely ... This decision will prove to a game changer for self funded hnis.. paisa hi paisa hoga.. Ben Stokes..

@MogPunisher,
Funded hni should be punished this way,only rich are getting richer and poor are becoming poorer in society

I am a funded HNI but in no way misusing this system of IPO funding. I am only taking a loan upto 1C and in cases like paras or latent, going upto 2C. my aim is always to get some hands on the stock.

There are many people I know of who take loans of minimum 25C and even go till 100C. They will be most impacted by this. One of the IPOs I remember which had a very good gmp but really was loss making for Funded HNIs was EaseMyTrip IPO.. and in this case of latent view, I hope to breakeven or make a very small loss.. considering the GMP is 300 and my cost price is 525, I think breakeven is possible considering that GMP will skyrocket after this record breaking subscription!!

230.6. Cyberdude : Regardless of at what point HNI entered, just like us they will still have the same HNI-OS figure to deal with. Funded HNI who have gone for the deal earlier may get better "Interest Rate", but HNI-OS impact would be same across the board regardless of point of entry IMO.

AFAIK NBFC funding starts at the minimum of 1Cr & for Latent 1.27Cr (850*197*76) would be needed to get 1 lot. So I think most Funded-HNIs (if not all) are likely to apply for 850 or more as they would also have their own funds. Funded-HNIs who have applied for less than 850 are really unfortunate.

230.13. iamnimitshah : Thanks for the wonderful insight in the NBFC-Funded HNI World.

Aren''t NBFC-Funded HNIs digging up their own grave by causing the Over-Subscription to go sky-high ?

230.10. Team Chittorgarh.com : Good to know SEBI (or is it RBI?) was considering earlier date => The NBFC IPO funding limit proposed by SEBI was supposed to get in the action by Dec 2021 but got postponed till March 31st, 2022. Not sure of the rationale behind the delay.

Any chance of preponing the date back to Dec 2021 ?

Thx for the correction Nexus.

It''s RBI and not SEBI. NBFC''s fall under RBI. One thing we know is, SEBI was pushing for this for quite some time.

The latest info we have is that it is postponed till 31st March 2021. We will keep posting the latest updates on this.

Pls note, it''s unofficial information. Let''s wait for the official announcement in the next few days for more clarity.

231.17. Team Chittorgarh.com : Thanks for the update. For now we shall go by 31st March-2022 & keep our fingers crossed for Dec-2021

@nexus Actually it''s all part of the game.. The highest bidder wins.. Since we don''t have dutch auctions in the IPO market, what funded HNIs do is to beat the big investors, Self funded HNIs who are also applying in crores.. it''s a rat race and everyone wants a bite of the cake.. Funded HNIs just take leverage to get that elusive bite and sometimes take that extra risk..

Overall, I don''t think that the RBI rule will be a game changer as currently thought because there are always going to be various methods that NBFCs can use.. I don''t think NBFCs will let go of such a lucrative, low risk, high margin business so easily..

@neolongus Thanks for the correction. Actually i had posted this message before looking at the final figures. By the way, please continue posting your thoughts on every ipo as well as your strategy.....I love the analysis that you put out.😄

@iamnimitshah may god help you! You may not be misusing funding but others who take hundreds of crores are definitely misusing it and making a mess of HNI quota. This needs to stop asap!

@team chittorgarh It''s unfortunate that RBI has postponed their decision to restrict funding. I''m pretty sure they might have had to give into the pressure from big nbfcs and influential people. Even sebi is dealing with a pushback from various quarters if they try to improve the functioning of the market. I wish they look into streamlining the IPO process in an efficient and quick manner. If Zomato can prepone listing by 2 days, why can''t other IPOs?
As for NBFC funding restriction of 1cr per person which kicks in from next fiscal year, it might be a game changer for self-funded HNIs but then again there are a lot of smart people in our country who might find a loophole and try to bend the rules and in the end it might not make much of a difference. NBFCs aren''t gonna let the ''cash cow'' die so easily.

YES

Sir I am new to share market. What will be the price may listing.

@admin
It is official RBI has fixed the date for funding and capping it to max 1 crore effective from 1st April, 2022.
RBI Circular : RBI/2021-22/112 DOR.CRE.REC.No.60/03.10.001/2021-22

Everyone in the market is here to make money. Cribbing on the fact that HNI pump money using leverage is useless. There are services being offered and one can go and take the benefit of them. Also there is profit sometimes and loss too.

LATENT 340

@IPO Stonks,
Thank you for sharing the details. We are not in support of or against this ruling. We just wanted to inform the investors about this detail.

Here is the RBI Circular for reference. It says...

"d) Ceiling on IPO Funding – There shall be a ceiling of Rs 1 crore per borrower for financing subscription to Initial Public Offer (IPO). NBFCs can fix more conservative limits."

@MogPunisher - Sure...putting it out helps me too get clarity whilst enriching myself with the contradictory and agreeable perspectives of other members!

As for HNI funding restrictions, limiting it to an absolute value of 1 cr without defining a leverage multiple is wrong IMHO. If someone has 1 cr of own capital and borrows 1 cr then he is 50% leveraged versus someone who has 50 lakh of own capital and borrows 1 cr then he is leveraged 66.6% versus someone who has 5 cr of own capital and borrows 1 cr then he is leveraged 16.6%. Doesn''t seem very fair to me! As a disclosure, I don''t place funded bids. But also, I''m sure Indian ingenuity will come to the fore and loopholes will be exploited which would be in place even before the circular was drafted :)

i second your opinion :) thinking same for now but i will wait till 2.50pm , after that even my bank may create issue in applying it ;)
so lets see what''s coming.... :)

I am only in Retail.
Will keeps funds for other 2 IPO.

@sdz, I''m also doing the same. I''m skipping this in HNI and applying as retail.

Tarsons funds can''t be used in go fashion as the refund is on 24Nov, while go fashion closing on 22Nov.

U can use latent money for Go fashion.. no need to bother about it...

It appears it will cross 800X
Mark so you need 1.4 CR application to get 76. Shares.

@sdz, lokes, dinesh, noorul, suneel and others,
I second your opinions. I will just apply at 02:45 pm after seeing HNI, to get one firm lot, and keep all for Tarsons.

Thanks

@sdz and Lokes

do you think the premium of tarson will sustain.

if we leave this ipo and tarson will not apply, then losing some of allotment in this ipo makting 50 lac HNI application

Going for 160 lots in Latent as it will be lottery only and remaining 40 lots will reserve for Tarsons. Go fashion will have all funds of latent released by then anyway.
Thanks!

Seeing Devyani''s bullishness, somehow feeling bad for applying only 30 lots and not more. Listing day will give clarity 😜

In Sapphire btw

@sdz,
yes, you are absolutely right about Sapphire. 😊

Thanks

Right, No point in applying HNI for me also.
Applied in retail.

Decided.
Skipping this now :(
No use to put funds with less than 50% probability of allotment :(
Since my luck is bad always in retail and such HNI applications.

@lokes, @ sdz, @noorul, @dinesh
I took a decision, went on FF on this. (looking forward 4 lots firm)

Thanks

@MRavi: yes sir, for you no confusion anyways. No subscription can beat you. Good to go FF on this. it will reward in short term and long term both.

At first glance...both Tarsons and Go Fashions look obscenely over priced...to me!

@sdz,@lokes and other HNI experts,
Me 2 skipping HNI,although I have poultry amount to apply 100 lots,not 100 crores,but I would try gambling,u peopler experts so asking,does applying different no of lots(like 2,3,4 etc) from different application in retail category increase allotment chances?
Thanks

@Lokes, I also skipped in LVA. Applied 2 lots in retail. Will apply in FF in Tarson.

@MRavi sir, All the best.

@lokes ji - I did the opposite, i went ahead and applied 384 lots, so 50% chance. Copying @noorul ji''s strategy is working so far. Let''s see what happens on 17th ,🙏🙏🙏🙏

@lokes, @ Suneel,
Thanks ( I was thinking to go light after seeing crossing 700. However, I could not get Paras that time due to NRI issue, I took revenge for that....😜)

@Noorul, @NITEENIPO,
all the best to get one lot for your decision. you all should get one including @M.K, my personal wish and will be more happy 👍

Thanks

@niteenipo: All the best to you :)
Since its crossing 800X so chances are less than 50% even now. Do let us know after allotment that you allotted or not. As per my opinion, noorul with 380 lots has more chances than you with 384 lots but it depends on other factor also.
Lets see after allotment then will try to explain.

@MRavichandran ji - Thank you and Congrats on your 4 lots 🎉🎊.

@lokes ji - Thank you and best of luck to you too. You are correct, my chances have further reduced since oversubscription has risen. Please explain why you rate my chances lower than @noorul ji''s when you get a chance.

Best of luck to everyone. I wish and hope everyone at Chittorgarh.com gets 1 lot.

800x & still going. It''s near my estimate (thread no. 135), but even I was not so sure about it.
Applied 699 & 356 lots from 2 accounts, but would have been better if earlier decided to combined them, but was not 100% confident for RTGS within 1 hour. Now it''s 2/1/0 lots possibility.
Congrats @MRavi for 4 lots, & Best of luck to other HNI gurus/applicants.

@samjos.. u got a lot against ur application of 699.. congrats in advance.

@samjos rtgs is pretty fast.....i think you meant neft as rtgs has upper limit of 10 lakh.

@samjos: rtgs works within 10-15 mins max....tried multiple times with multiple banks so in future you can be sure of that.
@Mog: rtgs has minimum 2lakh limit with no upper limit, upper limit is decided as per bank, from rbi, rtgs has no upper limit, i have transferred more than 10 lakhs many times via rtgs, that is mainly for high value transactions and neft also no upper limit from rbi but banks imposed that some allow 5 lakh per day some 6 lakh some 10 lakhs etc.

@Noorul current NII subscription figure is around 850, so how does @samjos 699 lot application has confirmed chances of 1 allotment.
also, @lokes was mentioning that your 384 lots have more chances of allotment than 380 lots application by @niteenipo.
I am confused about how NII allotment works. 🤔

@cyberdude: dont get confused, technically 384 has more chances than 380.
My theory has different logic, will try to explain on weekend as replied just now to M.K post also.

and you just mentioned reversed, its 380 from noorul and 384 from niteenipo.

ohh.. yes, my bad 🙈
got confused with all this big subscription numbers for this IPO.
I will be waiting for your post 👍🏻

@lokes can you elaborate on "384 has more chances than 380"? Isn''t a lottery means that all applicants lower than oversubscription have the same chance? It is unclear so if you could provide some explanation AND some reference, it would be really helpful.

@dash @mvmsr @M.K @cyberdude and everyone:
ya i will explain my logic on weekend. Anyways that also depends on luck (other factor).

I believe in NII, if the number of lots that you have applied is less than the total number of times the issues has been over-subscribed, The BoA generally clubs the people applying for the same number of lots together and then a lottery is conducted within this sub-set, the probability of winning this lottery is : (Number of lots applied/total times oversubscribed in NII). Now, if you apply for an odd number of lots like 263, 372 and the issue is oversubscribed to the extent of 500 times, then if you are the sole applicant/or the number of applicants in this subset are low who have applied for 263 or 372 lots, the probability of you getting an allotment may be lower as the BoA document might eliminate you from the running, on the contrary , a lot of people apply in multiple of 20 & 25 i.e 250,275,300 etc and the probability of getting allotted may increase in these sub-sets as the number of people applying in these sub-sets are more and the registrar is more likely to factor them in while preparing the BoA document.
P.S. Please note the use of the word "May" , this is more of an educated estimate on the basis of personal experience and past interpretation of BoA documents.

My take on round no. application
in brief applying odd lot can result you being the only candidate in that lot category. ex. if you are only applicant for 483 lots and issue is subscribed 1000x times, Allotment chances will be 483/1000 less than 0.5, you may not get allotment.

yes avenue mentioned rightly. i think last time avenue was only asking this when i replied with proper examples. So later i can add just more examples in this, nothing much. Need to go out now :)

You can surrender ALL MFs.
Sit on cash, enter direct equity investments.
DO NOT INVEST ON TIPS, do your own analysis.
My view.
You may differ.

29 lakhs is the profit I guess... on 20 lakh investment....? Because if just 9 lakh profit on 20 lakh investment, it''s pretty bad!

iamnimitshah...yes 9 lakhs profit..yes it is bad. but I was investing in sip manner. although i am thinking to surrender..but at the same time I am confused too.

Since in your message, you''ve mentioned both policy and MF, seems like its a ULIP...ULIPs are the most expensive combination of life insurance and MF...surrender it irrespective and go for a pure term life insurance policy and pureplay MFs.