749. Bullish| Link| Bookmark|
May 6, 2022 7:48:21 AM
IPO Mentor (700+ Posts, 500+ Likes)
Itta bada ipo itna jaldi subscribe ho gya kuch to zol lag raha he lagta he last me sab withdrawal hoga Monday Morning ko mkt bi kharab he campus me isse jyada profit lag rha tha aur usse bi bhot kam size thi to bi wo sirf 7X hi subscribe hua tha
First day is always interesting. Either it's Birthday or a Marriage Day. All are very happy. So yesterday all were very happy. Slow and study wins the race. So enjoy your days .
746.4. antarix| Link| Bookmark|
May 5, 2022 7:32:46 PM
IPO Guru (1100+ Posts, 800+ Likes)
QIB generally subscribe on last day. But here even that portion is subscribed 40% and two more days to go.
LIC is the company that has helped sail through many almost flop IPOs. So, how can it let its own IPO flop?
It must be said that subscription numbers are good considering the way broader markets have fallen from the opening day... Jinx of big IPO... Nose diving market
I have applied for 1 lot (15 shares) in Policy holders quota.Now i wants to modify as 3 lot, as there will be a proportionate allotment.Can i modify? I have applied through Bank of Baroda net banking.Pl.guide me.
@ravichandaran,@noorul,@lokes,@atar,@avenue,@amit singh and all the other experts, please guide me, i have been applying in sme ipo and big ipo for quite sometime now(as hni , not big but over 200000) but never got alloted single time in any ipo(maybe i got bad luck). so i want to know from you experts which category must i apply here in lic so i have better chance of allotment. (in retail less then 200000 or must i apply as hni, over 200000). please all experts kindly give your valuaable advice. thanks in advance 9
In LIC ipo if you are policy holder, apply 14 lots in policy holder category, there will be better chance of allotment.
743.2. lokes| Link| Bookmark|
May 5, 2022 6:58:34 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@abdul: it all depends on how much funds you have to apply and how much HNI subscription....so you can wait till monday 9th may 2.45pm and as per hni subscription you can apply or if hni subscription is more and you can't put that much lot application, then better apply 1 lot in retail to have discount also....and that will have very good chances in lottery...
743.3. Kal.Atar| Link| Bookmark|
May 5, 2022 9:35:19 PM
IPO Guru (1000+ Posts, 700+ Likes)
Not an expert but a commoner like you... But since you asked, as you told here that (i) you apply in SMEs ipo so it seems that you can arrange funds, (ii) you asked about category to target, so i can deduce that you are a policy holder so - apply 1 lot in retail (allotment criteria is lottery here) and full capacity 2 lakh amounts application in Policy holder quota to increase probability of getting allotted (allotment criteria is proportionate basis here). (iii) under 2 lakh applications is akin to testing your luck better use it in upcoming ipos like Venus/prudent. Analyze what you deemed fit and if it suits your requirement.. choose wisely. Good luck. ✌️🤗
How to apply for LIC IPO THROUGH SBI asba. If I took cut off price it takes 949 as bid price and if I change price to 889 it does not allow. I m trying to apply under policy holder quota.
GOI played safe as tendered only 3.5% stake at very reasonable price just to sail the issue in positive ways, in coming years, FPO can be issued to ensure liquidity thus LIC may be a good bet for long term investment and capital gain.
looking at the subscription figures, applying in retail is more worthy than PH (providing a person applying only 1 lot). Due to proportionate PH quota, people applying in full force.
expect SH subscription may be 5x and Retail upto 2-3x.
10% listing gain for retail...so go in for long term and not for a listing pop... Personally I'm applied only 4 application 1 lot each in retail. Playing safe.
I am a policyholder of LIC for last so many years. The policy is in force. But when i checked the link of PAN, it said PAN not linked. I have updated it today. Still its not showing linked and i am told it will be updated in 48 hours. The online account did carry PAN details for so many years. Am i eleigible for policyholder application with Rs. 60 discount or should i apply ONLY retail with lesser discount? Kindly respond asap. I can wait to apply till Monday.
@ Vibhor ji....my knowledge says 28th feb was cutoff for taking policy...i have this policy for last 10 years...its now showing properly linked as i updated PAN yesterday,,, I guess i am eligible .......Anyone having more info on this ...... please clear the confusion
736.3. The Nest| Link| Bookmark|
May 5, 2022 1:53:27 PM
Top Contributor (300 Posts, 100+ Likes)
@BSC
Vibhor Saxena is right, you are not eligible for PH quota.
28th Feb 2021 is also cutoff for update PAN in Policy.
The last date for linking your PAN with your policy to make you eligible for LIC IPO as policy holder was 28 Feb 2022. At this stage, even after 48 hours if your PAN gets linked with Policy even then you will not be eligible to apply under policy holder category. You are retail only.
736.10. lokes| Link| Bookmark|
May 5, 2022 6:52:18 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@BSC: its not eligible but still if you have funds you can apply in both policyholder and retail/hni category....they will simply reject your application in policyholder (or it may be considered if they are not checking pan linking date etc) but retail application will still be valid....means no harm in applying if u have extra fund.
i got the technical concept...Thanks all for clarifying...Very excited to get a practical idea from Lokes...No harm in trying...Let it be rejected...Great to see so many friends helping on this forum....
HERE IS A QUARY , I HAVE MONEY FOR APPLYING 6 LOTS IN POLICYHOLDER CATEGORY IN WHICH OF THE FOLLOWING OPTION WILL I HAVE THE CHANCES UTMOST NUMBER OF SHARE ALLOTMENT . A. I APPLY 6 LOTS IN 1 POLICYHOLDER ACCOUNT . B. I APPLY 3 LOTS EACH IN 2 POLICYHOLDERS ACCOUNTS . C. I APPLY 2 LOTS EACH IN 3 POLICYHOLDERS ACCOUNTS .
734.4. Kal.Atar| Link| Bookmark|
May 5, 2022 3:56:42 PM
IPO Guru (1000+ Posts, 700+ Likes)
PH Quota allotment is (i) on proportionate allotment and (ii) quota is already oversubscribed so no use to divide funds. if its possible apply as much as you can in 1 single application (max limit is 2 lakh here).
The question by Sanchit Mahajan is very interesting. I will just add a small variant to the original question. Money available for six lots, eligible to apply in PH & RII quota from three accounts, PH quota subscribed 3.5 times and RII quota subscribed 1.5 times on application basis ...how should one apply. Various thoughts invited and would appreciate to hear a reasoning for the same too. Thanks
734.8. lokes| Link| Bookmark|
May 5, 2022 6:46:04 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@sanchit: As you told 3 policyholder account also possible means 3 different PAN/person u r talking. In that case, apply 3 retail applications from 3 different accounts and only 1 policyholder application from anyone account of 3 lots. And if you already have funds for retails application, then apply 6 lots in policyholder category from one account only. @Andi: Apply 3 retail applications in each account and apply 3 lots in policyholder category from one application.
Lokes ....Thanks for your reply. Based on your reply by applying one lot each in three RII accounts and 3 lots in one PH account, won't all four applications go to lottery ?
Retail investors and LIC employees are being given a discount of Rs. 45 by LIC, the discount is 60 for LIC policyholders with policy linked to their PAN.