767. k l patel| Link| Bookmark|
May 5, 2022 3:54:42 PM
Top Contributor (500+ Posts, 200+ Likes)
why timings extended upto 7pm on 1st day for this IPO? any specific reason? if there is no reason then why undue preference is given to LIC ipo????? Even old HNI rules applied for this.... whether this shows unlawful use of institutions by govt??
LIC IPO timing on all 5 days 10 AM to 7 AM fixed by SEBI and exchange
767.2. k l patel| Link| Bookmark|
May 6, 2022 10:15:51 AM
Top Contributor (500+ Posts, 200+ Likes)
thats why i m asking, why VIP treatment for LIC???? all companies should be treated with same rules. the same SEBI extended 2 days time to withdraw applications in RUCHISOYA fpo even they didnt knew who sent the sms, and did they find who sent the sms in the name of ruchi. rightly said by many people it should b renamed as bebi not sebi
@Amit ji, Economists wanted rate hike 1 month back. RBI didnot listen. Now every central bank raising rate (pre-planned way), RBI raised rate unexpectedly due to FOMO.
Insider news: RBI was trying to convince govt to provide supply side cushion by reducing fuel prices, when that didn't happen, RBI has to take the decision.
Government used every trick possible to show good success of this IPO
Change in rules of minimum dilution 5% to 3.5% Differed new hni rules of sebi Extended subscription days 3 to 6 Stayed rare hike in April Dilution of value (EV) And many other steps
Two things come to my mind 1- desperate to bring this IPO at any cost 2- this IPO do not command such merit,which everyone anticipated
Either way
Right from the beginning, i am not bullish in this IPO in current circumstances I may put some PH application on Monday or possible ignore completely
@cautious Proprio Nothing wrong done by RBI or SEBI in opening of bidding on weekend. with the magnitude of biggest financial institution IPO, these extraordinary measures are necessary
767.10. k l patel| Link| Bookmark|
May 6, 2022 12:21:19 PM
Top Contributor (500+ Posts, 200+ Likes)
@ganesh jaiswal i feel 3 days with regular timings is more than enough for subscribing this mega IPO too, all these steps taken shows that govt n sebi was not confident about success of this ipo
Decided to take the plunge. Just now applied in my wife's name for a lot through Sharekhan, using UPI mandate after several unsuccessful attempts. Axis Bank Internet banking website is down. SBI refused to entertain my wife's application as she is the joint holder. Finally, BHIM Axis Pay mobile app showed the notification for approval, which I did immediately. The mandate end date is 24/05/2022. The retail discount of Rs 45 has been considered in the mandate as the blocked amount is Rs 13,560 for one lot.
third party ASBA in SBI is working through SBI Yono light mobile app. use request and then select IPO. all third party registered person application can be applied from here.
I had applied for 1 lot through sbi asba under policy holder category, the price range is shown 902 to 949, no discount price is indicated, the above mentioned range is for individual category. Can anybody clarify
When you are applying at that time system automatically take discount .
762. techuser| Link| Bookmark|
May 6, 2022 10:56:09 AM
IPO Mentor (500+ Posts, 300+ Likes)
Looking at the current market conditions and global scenario, one could expect flat listing or hardly any listing gain. So if you are planning to invest for long term, you can buy after listing as well as much as you want, even if you have to pay let's say 30-40 rs more per share, in long term, it shouldn't matter. LIC is not going to fly in any way, so you will always have a chance to enter after listing at the same/around price. You should avoid applying in full-force considering the current market conditions, keep some money left for later on if averaging is needed.
And for those who just want listing gains, be ready to block your money or even book loss, look at the IRFC where it's now, even though strong financials.
And finally about GMP, which is hovering around 50, can vanish in a blink of eye after Monday, as we've seen in a lot of previous IPOs. In Campus, even though excellent QIB figures, GMP has came down merely to 50, which was used to be around 90/100, just a couple of days ago.
On a lighter note, LIC kahi nahi ja raha he, LIC ki policy or shares jab chahe, jitne chahe apko milenge, don't worry :)
761. Bullish| Link| Bookmark|
May 6, 2022 10:43:21 AM
IPO Mentor (700+ Posts, 500+ Likes)
Now in this scenario many applications will be withdrawn and will be available right data after Tuesday 12pm
Hello everyone, Greetings of the Day I have applied 4 lots in PH Category. I have applied 1 lot in Retail Category. Now i want to add 3 more lots to Retail Category. Whether i will cancel the existing retail application and file a new application or just file an ASBA for additional 3 lots.
756.1. Scrip| Link| Bookmark|
May 6, 2022 12:10:28 AM
Top Contributor (400+ Posts, 200+ Likes)
Cancel retail application and then reapply with 4 applications.
756.2. Mr. Singh| Link| Bookmark|
May 6, 2022 1:51:46 AM
IPO Mentor (700+ Posts, 500+ Likes)
Instead of adding 3 lots to retail add those to PH. Allotment in retail is on lottery followed by proportionate wherein allotment in PH is proportionate basis.
Thank u for the response Sir Earlier I applied through GROWW. Now as experts suggest that I should increase my PH applications and not Retail. Can I apply those additional lots using my Bank's ASBA and not by cancelling the previous application made through GROWW. Kindly advise.
756.5. Venkatram| Link| Bookmark|
May 6, 2022 10:05:54 AM
Top Contributor (300+ Posts, 100+ Likes)
Cancel Groww application and make a new revised bid in policy holder through ASBA which is better and safer to avoid rejection due to multiple bids in the same category in single PAN.
Expert pls suggest I have 12 lots money so I hit 12 lots through 1 policy holder or 4 lots each through 3 policy holder or either go in retail category pls suggest
755.1. Venkatram| Link| Bookmark|
May 6, 2022 10:03:49 AM
Top Contributor (300+ Posts, 100+ Likes)
3 retail of 1 lot each + 9 lots as single Policy holder in one of your accounts is the best bet
Second would be 12 lots in single Policy holder account.