Seeing the response after so many days from QIB, NII, I THINK IT WILL FLOP. I am Planning to buy at sub 400 level from the secondary market after a few days
@ Experts, Abhi tak huye subscription figures ko dekhte huye Retail Ind me 2 lakh yani 14 lot ki application karni chahiye ya 1 lot wali application karni chahiye? Dono application me allotment wise kya hoga? I mean agar Retail Ind 2x/3x hoti hai aur me 14 lot ki application karta hu to allotment kaise aur kitna hoga? Kripaya marg darshan kare.
945.1. snipperRaj| Link| Bookmark|
May 9, 2022 1:43:51 PM
Top Contributor (300+ Posts, 200+ Likes)
retail subs will be 2x-3x . both 14 lot or 1 lot application will go to lottery. you will get only 1 lot if allotted in both case.
Retail already crossed 1x. It means it doesn't make any difference if you apply for 1 lot or 14 lots. Allotment will be on lottery basis only and that too max 1 lot per person (PAN).
Better you please also check with your bank / broker through whom you want to apply. For Ex SBI ASBA (net banking) is allowed only up to 2 PM and Zerodha is allowing up to 6.30 PM.
939. Trueinfo| Link| Bookmark|
May 9, 2022 12:51:13 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Is there a way to check if a PAN qualifies for Policyholder quota...as I am confused when did I add the PAN to policy..in Feb or March? On lic site...it says PAN is attached..bt dont tell when it was attached?
Forgive my lack of knowledge but can someone please elaborate upon the difference between application wise subscription and the normal subscription being displayed in retail category. Which type of subscription holds importance?
Regards, chief
937.1. Venkatram| Link| Bookmark|
May 9, 2022 9:59:16 AM
Top Contributor (300+ Posts, 100+ Likes)
For getting 1 lot look at application wise subscription. If you want to land more than 1 lot with max retail application then look at no of times retail. So now for 1 lot assured then application wise sub = 1X or max 1.25x. then every one gets 1 lot. For more than 1 lot then formula is no of lots applied = no of times subscribed = So if you apply for 14 lots and say retail jumps to 2.5 lets take 3 then no of lots alloted = 14/3 = 4.6 which might be 4 lots plus some extra shares.
@Venkatram: Your info is not fully correct. If in retail it is subscribed by more than 1 time application wise and one will get allotment for max 1 lot or no allotment at all and in retail it is not proportionate allotment unlike HNI (LIC is last IPO though to get HNI allotment and afterwards even for HNI it is lottery if it is oversubscribed). Hope you are clear.
Can I apply for IPO from my current account? I am having current account with HDFC and it's a sole proprietorship owned current account (in my name and PAN). HDFC is allowing to apply using net banking for my account, will my application be valid? or should I apply from my savings/personal bank account?