My valid lici policy no. 578249563 ( jiban anand) Date of birth 23/02/1951 is still indicating pan linked with subject policy but lici reject my bid fully on technical ground. I am having lici massage copy where they recognise me as a policy holder.
I had applied for 30 shares...got 15 shares....my money still not unblocked...I am yet to receive money for 15 shares which I did not get...could anybody clarify
Subhamsa, is money debited in your bank account for allotted shares? if yes contact your bank, if no, don't worry your account will unblocked at the time of debiting for allotted shares.
Stock market mein 2 tarah k Log Hote hain 1-Tejadiya [ 🐂Bulls ] 2- Mandadiya [ 🐻Bears ] Kisi ne Grey Market mein Short Selling kiya hai Wo Sochta hai Discount Par Khule. Aur Jo Long hai yaa Allotment Aaya h Wo Sochta hai Jyada se Jyada Premium Par Listing ho. Isme kisi ko gussa nhi karna chahiye. Dono ki soch alag alag ho sakti hai. Forum par Time Pass karo. Jo hona h hoga. 17 May Tuesday. Enjoy money Rains Joy Maa ksali
Has amount unblocking started...I had applied for 2 lot got 1 lot but the lot for which I did not got shares that money still not unblocked...can anybody clarify when amount will be unblocked
You might have not linked your pan number with our polices before feb 28th
1281. Smile.| Link| Bookmark|
May 14, 2022 6:09:19 AM
IPO Guru (1600+ Posts, 900+ Likes)
Bhai log panic mat bano. LIC premium me list hoga aur stable rahega. Very positive news from global market. Enjoy weekend. Few people are there who ready to catch LIC at cheap price and they are creating unnecessary freas, ddont get trapped.
1281.1. Smile.| Link| Bookmark|
May 14, 2022 6:35:54 AM
IPO Guru (1600+ Posts, 900+ Likes)
Gmp in slight negative but on comparing with previous day it is up by 50%.
LIC stocks may list at 10% premium- Sandip Sabharwal, investment advisor, told FinancialExpress.com that LIC listing may happen at a 5-10 per cent premium to issue price. “The market conditions have been volatile, if there is an opportunity to buy near issue price then it will be good for long-term investors,” Sabharwal said.
As per-https://www.financialexpress.com/market/ipo-news/lic-ipo-listing-day-strategy-d-st-debut-on-may-17-grey-market-premium-negative-should-you-buy-sell-hold/2523540/
5℅ premium in pre open not possible... In intraday may be touch 970-985 ... Or 1050 in short term... If list above 930..
1277.5. U. K.| Link| Bookmark|
May 13, 2022 6:27:42 PM
IPO Guru (1600+ Posts, 900+ Likes)
@ipo electrifying What is logic behind 600 LIC has better valuations than peers (compare FV) many more positive for lic, just drawback its size and second is listing time. But dont forget you are writing about one of the future (rules not allow to say current, otherwise it is present) top five of NIFTY50 and about 1 yr later everybody is in queue to for FPO of LIC.
PAN number linked to ICICI Bank Acc, linked to my 5 year old LIC policies (verified using LIC's PAN check link before IPO). Applied for 14 lots in 3 different applications under Policy Holder category. All applications rejected with reason "Regret - Application rejected on technical grounds".
It's a shame that a big company like LIC has technical glitches during such a big event? Your backend system wasn't scalable to handle such huge amount of data flow? You should have used cloud elastic scaling.
1276.1. jay here| Link| Bookmark|
May 13, 2022 9:03:43 PM
IPO Mentor (700+ Posts, 500+ Likes)
Your applications were rejected as one pan has been used to apply for same category with 3 different applications.had you applied once you would have been allotted the shares.
That's new & surprising. So how will someone change the lots applied in 1st application? ICICI Bank doesn't provide edit application option.
My understanding was - as long as the applications are from the same PAN number holder from the linked bank account, it should be fine. @jay here If what you said is correct then I'm wrong.
There's nothing new sir. This has been the case. Only 1 application per PAN is allowed. If you wanted to change the number of lots, you could have cancelled the 1st application and reapplied.
All the best for the allottees. This is one of the gems of India and we should be proud to hold the shares. Should not worry on short term fall. There are many who want to create panic and buy truck load of this share in cheap price. We should not fall into their trap and sell.
Can someone throw a light on my question: I have applied 3 applications of my family members through UPI of my account, 2 Retail and 1PH but all the three got no allotment in spite of blocking of funds. What can be the reason as I know it can list either way, but wanted to know the reason.
It could be due to rejection. Check with Registar ( KFin Technologies Limited) to know exact reason so that next time this wont happen.
1274.2. UjwalG| Link| Bookmark|
May 13, 2022 9:52:46 PM
IPO Guru (1000+ Posts, 500+ Likes)
Purshotam bhai as you said "upi from your account" , do understand that the DEMAT account name and bank account name should match, otherwise the application gets rejected. You can still mail the registrar here lic.ipo@kfintech.com asking the reason for non allotment of shares. Cheers
1273. U. K.| Link| Bookmark|
May 13, 2022 9:51:23 PM
IPO Guru (1600+ Posts, 900+ Likes)
Stage is setting for good listing of LIC. Global market 🗼🗼🗼🗼🗼🗼 Dollar: rupees ratio in green. I strongly feel who got allotment are in profit. Just don't get trapped like AWL, many are in queue to get it cheaper price. Avoid panic selling.
Please go through my submission again. Besides refund / debit, the credit to Demat Account has also happened today. The normal day of listing is the day of trading next to listing date.
The logic given by you is incomplete. I don't mind it listing on 17th. I am in any case holding till next OFS / FPO.
Got Allotment in PH Category.... Will Sell My Initial Investment on Listing day and Will hold Excess Shares which l will Get Profit in My Long Term Portfolio..... #Being Optimistic