Aniketiaf sir please guide 🙏🙏🙏 Has anyone got 3rd party party allotment from Linkintime in SBI ASBA? Do share your experience from Mrs Bector and Indigo. It will be helpful for many people who wants to do 3rd party ASBA application in Laxmi Organics and Nazara technology.
I just had a word with a manager at LinkIntime via their customer care number today afternoon. He informed me that any Registrar will not have the authority to reject any applications. All they do is to display the allotment status of any IPO. He also told me that the authority to allotment and rejection completely lies with the Bank and Exchange. If our Bank allows 3rd party applications, then our application would be eligible itseems. Once the allotment is done, they will be receiving the data of allotment and then they display in their site itseems.
Please note that Third Partly Payment is liable for rejection.
From One bank account you can make on application only.
Pursuant to SEBI circular (SEBI/HO/CFD/DIL2/CIR/P/2018/138) dated November 1, 2018, investor making application using any of the channels as specified in the above mentioned SEBI circular shall use only his / her own bank account or only his / her own bank account linked UPI ID to make an application in public issues. Applications made using third party bank account or using third party linked bank account UPI ID are liable for rejection.
Investor shall submit the same to any of the following entities:
There are 4 modes of submission:
1. BANK ASBA: Investor may submit the bid-cum-application form, in person, with his ASBA banker (where he/she holds the saving account), at the designated branch as per list of SCSBs available on below link: https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=34
2. ONLINE ASBA: Investor can use the online mode, if offered, using his trading account . Instruction to apply through this mode will be available with the respective DPs/Brokers/ Bank.
3. SYNDICATE ASBA (UPI): Investors have to first create their unique UPI ID account by downloading UPI apps available in the App store (eg., BHIM app/ PhonePe etc.)Investor then has to submit the bid cum application form, to his broker and use his/her UPI ID for the purpose of blocking funds. Broker will bid his/her application on stock exchange terminal and investor will receive Mandate Request for authorization to block the funds in his UPI linked bank account.
*Note: Retails investor can use any of the above 3 modes of application. However, UPI Mechanism is not applicable for QIBs and Non Institutional Investors (any application over Rs.2 Lakhs).
4) SYNDICATE ASBA (Broker ASBA): QIBs / NIIs / Shareholders applying above Rs. 2 Lakhs and Eligible Employees can apply thru their Broker who will bid the application and submit the bid-cum-application form to their respective Bank of the Investor for blocking of funds.
Note: ( This is an automated email response and do not respond to this email)
Regards,
Primary Market- IRC | Link Intime India Pvt. Ltd. Phone: +91 22 49186200| Fax: +91 22 49186195
First in India – Mobile Apps bLink & Insta Link
From : laxmiorganic.ipo@linkintime.co.in Sent : 03/16/21 8:37:22 PM
This has reference to your email query. Please note that Third Partly Payment is liable for rejection. From One bank account you can make on application only. Pursuant to SEBI circular (SEBI/HO/CFD/DIL2/CIR/P/2018/138) dated November 1, 2018, investor making application using any of the channels as specified in the above mentioned SEBI circular shall use only his / her own bank account or only his / her own bank account linked UPI ID to make an application in public issues. Applications made using third party bank account or using third party linked bank account UPI ID are liable for rejection.
Investor shall submit the same to any of the following entities:
There are 4 modes of submission:
1. BANK ASBA: Investor may submit the bid-cum-application form, in person, with his ASBA banker (where he/she holds the saving account), at the designated branch as per list of SCSBs available on below link: https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=34
2. ONLINE ASBA: Investor can use the online mode, if offered, using his trading account . Instruction to apply through this mode will be available with the respective DPs/Brokers/ Bank.
3. SYNDICATE ASBA (UPI): Investors have to first create their unique UPI ID account by downloading UPI apps available in the App store (eg., BHIM app/ PhonePe etc.)Investor then has to submit the bid cum application form, to his broker and use his/her UPI ID for the purpose of blocking funds. Broker will bid his/her application on stock exchange terminal and investor will receive Mandate Request for authorization to block the funds in his UPI linked bank account.
*Note: Retails investor can use any of the above 3 modes of application. However, UPI Mechanism is not applicable for QIBs and Non Institutional Investors (any application over Rs.2 Lakhs).
4) SYNDICATE ASBA (Broker ASBA): QIBs / NIIs / Shareholders applying above Rs. 2 Lakhs and Eligible Employees can apply thru their Broker who will bid the application and submit the bid-cum-application form to their respective Bank of the Investor for blocking of funds.
Note: ( This is an automated email response and do not respond to this email)
Regards,
Primary Market- IRC | Link Intime India Pvt. Ltd. Phone: +91 22 49186200| Fax: +91 22 49186195
First in India – Mobile Apps bLink & Insta Link
From : laxmiorganic.ipo@linkintime.co.in Sent : 03/16/21 8:37:22 PM
I have applied MTAR IPO through Bank of India (net banking ASBA). While checking allotment by PAN my DP ID and Client ID getting blank. And while checking through application number my DPID (5 digits) is showing but I have Dmat in CDSL so technically DP ID should be blank and client ID should be 16 digits. Further while checking through DP ID it is showing not found. Is anything getting wrong?
Valuations are good, promoters have clean background, business is profitable, one can apply for long term perspective as well as listing gains. QIB subscriptions bothers me, I hope by the end of the day it will be satisfactory. Current GMP - 80-90
Hello Respected Investors, I am a new born baby in this field, just got a demat account opened, I have applied for 1 lot of 115 shares of laxmi organics. What will happen if I get the shares allotted? What would be the profit? If any, what are the chances of loss? Please guide me. Thanks and Regards Jitender Sharma