What is the max amount that can we apply if someone do apply in both Retail and Policy Holder. Is it 4 Lac (2 Lac for Retail and 2 Lac for Policy Holder) or is it 2 Lac (Combined for Retail and Policy Holder)
For policy holder category, go for max limit (2 Lakhs). 14 lots
706.3. Ravu| Link| Bookmark|
May 5, 2022 11:38:24 AM
IPO Mentor (700+ Posts, 400+ Likes)
4L (2L in each category). If retail application is oversubscribed then applying full and 1 lot have same effect, may be apply in retail on last date afternoon or once crossed 1X.
706.4. snipperRaj| Link| Bookmark|
May 5, 2022 11:51:05 AM
Top Contributor (300+ Posts, 200+ Likes)
Its not worth to apply more than 1 lot clearly as both application wise data and subscription shows it will cross 1x soon (appl wise) and >2x subscription wise...
703. lokes| Link| Bookmark|
May 4, 2022 1:54:58 PM
IPO Guru (4400+ Posts, 5100+ Likes)
In policyholder category, allotment is proportionate and maximum application can be done for 14 lots. Amount blocked for 1 lot will be 13335, after giving 60 rs discount while applying only, and max amount will be 186690 for 14 lots. Apply at cut off. Apply for maximum amount of 14 lots here if you have funds and if you are ok with 2-3 lots of allotment, as per subscriptions. Last time for application is till 7pm monday 9th may or as per your broker/bank supports.
Proportionate allotment means: Taking example of PH category is subscribed 5X. Then if you applied for 1 lot then your chances of getting 1 lot will be 1/5 means 20% via lottery and if you applied 5 lots, then you will surely get 5/5 means 1 lot allotment and if you applied 14 lots then your allotment will be 14/5 means 2.8 lots means around 42 shares
If PH category is subscribed 14x, then if you have applied 1 lot then your chances of allotment of 1 lot if 1/14 and if you have applied 14 lots then you will be getting 14/14 means 1 lot allotment.
I have been observing your posts in this forum. You have been giving a very useful info reg IPO allotment in different categories. Keep going.
Would appreciate if you could shed light on fundamental analysis of company's business and growth prospects as well which will help forum members. Not sure whether I missed your posts.
@lokes sir thank you.. Ph category subscribe 20 times then how to calculate?
703.5. lokes| Link| Bookmark|
May 4, 2022 4:32:17 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@wishal: Same way. If PH category is subscribed 20x, then if you have applied 1 lot then your chances of allotment of 1 lot will be 1/20 means 1 out of 20 people who applied 1 lot, will be allotted 1 lot. And if you have applied 5 lots, then your chances of allotment will be 5/20 means 1 out of 4 people who applied 5 lots, will be allotted 1 lot. And if you have applied 14 lots, then your chances of allotment will be 14/20 means 14 out of 20 people who applied 14 lots, will be allotted 1 lot.
703.6. lokes| Link| Bookmark|
May 4, 2022 4:46:18 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Lokesh Chiru : thanks... yes i didn't wrote anything about my opinion in this ipo/company.... i have read a lot about this ipo and company fundamentals etc. In my opinion, government has done enough homework and left a lot for investors here by reducing the ipo price and company valuations by taking hit indirectly on himself. LIC market cap to Embedded value ratio is around 1.1, which is much below than expected of 2 around earlier and much lower than other insurance companies. One reason for making this ipo lucrative and low valued in comparison to other insurance companies is the high future growth in them and low growth (or degrowth) in LIC and market sees the future mainly. LIC is still more dependent on agents rather than technology and digitization, and it has enough growing customers in small cities and villages but lesser in big cities.
In my opinion, it should have good subscriptions and good listing (with some impact of market conditions) and it may have good movement after listing for some days/weeks. But for longer term, i am not convinced to hold it, somehow i still feel due to PSU tag and government interference in future, it may not keep performing well. Means as per valuations, it may reach around 1400-1500 in 6-12 months or sooner/later.....but beyond that, i don't expect much. I will apply here for sure in policyholder category and in retail application due to more comfort there as per discounts and i may apply in HNI also if subscriptions are really good. i will try to book my profit here partially soon and remaining as per further movements with some stoplosses. So whoever wish to hold for longer term, then better to have stoploss and keep trailing that with share price movement to protect capital and profit.
Stop losses are very important sometimes like as i mentioned in below thread in uma export in my comment no. 5th and 7th and that is below issue price now. Having belief in something is ok but we shouldn't be too rigid when that belief is not working. https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1235&c=502885&ap=1
@Kundan... simply apply for 14 lots (210 shares ) at cutoff for a total value of 199290/-. discount will automatically apply.
703.10. lokes| Link| Bookmark|
May 5, 2022 11:16:03 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@iposandy @RKFORIPO @WealthyRam : you can check this post to know about allotment in policyholder category, with examples.
703.11. lokes| Link| Bookmark|
May 9, 2022 11:54:07 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@bullish: in policyholder, it is not like that everyone will be allotted 1 lot first then remaining proportionate....its all proportionate allotment there...
its already 5.33 times now, if we consider final 7 times subscription in policyholder category then whoever applying 7 lots will be allotted 1 lot and whoever applying 14 lots will be allotted 2 lots and whoever applying between 7 to 14 lots, will be allotted 1 lot plus some share proportionately, and whoever applying 1 lot to 6 lot will be allotted 1 lot (minimum allotment is 1 lot) via lottery with more lots more chances as explained above in original post.
I have applied for 1 lot in policy holder thru ICICI direct as I was not aware about this proportionate stuff.
Can I cancel the ICICIDirect bid (after the subscription time) and apply through IIFL for max bid today?
703.13. lokes| Link| Bookmark|
May 9, 2022 12:52:45 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Shah Newbee: . First try cancelling/deleting your policyholder bid now itself in icicidirect and once done successfully then you can apply again in policyholder category for 7 to 14 lots (anything as per funds availability and how much allotment you need etc as i explained above) from IIFL or from icici direct also.
@lokes: Completely agree with you reg Stop Loss. Many people even though might be knowing about SL but will fail in implementation because of greed/lack of time/knowledge of identifying SL.
Yes even I am trying to implement almost same strategy for applying LIC except I may not bid in HNI due to lack of discount, adverse market conditions, poor FII subscription, war and its affect on commodities, inflation, government interference in running the company.
Better to be safe than sorry. Always try to follow 2 rules:- 1. Never lose capital. 2. Do not forget rule no 1:)
@Shah Newbee... Why do you want to wait till subscription time being over, to cancel PH application. PH allotment of 1-2 lots is almost certain. I suggest you cancel right now, and if have funds for 14 lots, make a fresh PH bid, even on ICICIDirect site, after seeing your cancelled application status.
@ lokes ji, aapki di huyi research aur jaankari mere liye bahut mahatvapurna hoti hai, aapke marg darshan ke liye aapka tahe dil se bahut bahut dhanyawad. 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 kina hoga? Kripaya marg darshan kare. Shukriya. Aapke mahatwapurna sujhaav ka intezar hai.
703.17. Rakcyt| Link| Bookmark|
May 9, 2022 1:35:52 PM
IPO Guru (1200+ Posts, 1200+ Likes)
Nicely explained👍
703.18. lokes| Link| Bookmark|
May 9, 2022 1:44:31 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Ipo HSL: In retail category, it will mostly be oversubscribed application wise as per final figures (after all technical rejections/removal/non acceptance of mandate etc). So in my opinion, apply 1 lot only in retail category here. Both 14 lot and 1 lot will be having similar chances in retail category and mostly will be allotted 1 lot here.
@IPO HSL.. apka sawal bahut aasaan hai aur mein hindi mein batata hun kyonki adhikter jagah iska jawaab english mein milega.
agar retail applications 1x se jyada ho jati hein, jo ki LIC mein abhi ho chuka hai, to adhiktam applicants ko, lottery se, 1 lot hi milta hain, usne chahe 1 lot apply kiya ho ya 14 lot.
Isliye aap kewal 1 lot apply karein retail mein. Agar aapke pass e3ik se jyada accounts hein to har account se 1 lot apply karein.
In retail category, as of now its subscribed a little short of 2 times... so lets assume 2 times.... Now, in these applications wont there be some application who has applied for 14 lots (max) and some application who has applied for 1 lots only... So if the total number of different(PAN) applications is less than total number of lots reserved for retail category. What will happen?
As total number of applicant is less than total number of lots available, wont the retail applicants who applied for more lots get more than 1 lot? and everyone will get 1 lot atleast...
703.22. lokes| Link| Bookmark|
May 9, 2022 3:52:16 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@vipin: yes you are right in your last para but me and avenue both informed about application wise subscription only in retail which is also more than 1X (1.4X around), not talking about total subscription which is around 2 times now, so means everyone will be allotted 1 lot only max , that too via lottery...around 80% people will be allotted 1 lot, after all rejections/non-approval etc.
Going by the bidding since morning, IPO is going to be fully subscribed on second day itself.
This was not even in the wild thought of LIC management, DIPAM, Lead managers that IPO fully subscribed by second day. The huge response pouring from policy holders and retail categories are completely unbelievable to these people.
the response a big slap on the face of the so called telegram and youtube equity experts, who have even today suggested that the retail investors are blocking their funds of Rs. 15000 for minimum 1 year as they will not get any listing gain till 1 year.
In LIC Big player trying to manipulate Subscription Data...by sending bulk upi mandates without their Clint permission to thier own UPI...and they won't accept it ..but due to that subscription getting over subscribe.....so apply last day after 12pm
Please reply to my 2 Question. Question 1 -- I had PMVVY policy in LIC so , I am eligible for policy holder quota. Question 2 -- Since Policy holder quota is fully subscribed how allotment will be done in this quota? Will it be proportionately or lotterywise?
For policy holders quota u need following criteria 1. LIC individual policy purchased before 13 February 2022 and not matured before 4 May 2022 2. Group policy will not be covered under policy holders quota. 3. Joint policy of couples can be covered but only one spouse will get the benefit with linking of PAN before 28 February 2022. 4. your policy should be linked with your PAN on LIC website PAN link on or before 28 February 2022.
Log Yehan Puch rahe hain Big HNI mein Funding hai kya? Funding Se Pehle Jo Funding karta hai Wo Jehan kahe Wahaan Demate Account Open karna Padta hai. Aur kai Documents par Signature.
698.3. papon| Link| Bookmark|
May 5, 2022 9:14:00 AM
IPO Mentor (500+ Posts, 500+ Likes)
In SH Category shares will be distributed proportionately, not like retail (lottery). So apply 14 lots if pocket permits in SH Category & 1 lot in retail as it seems retail category will oversubscribe application wise. Hope you are enlighten
what if majority SH applications are at higher side like per say 90% applications are higher side (applying at 2 lakh limit) then how the proportion works?
With due respect to all members, applied ff in retail, recommended ff to all for just future secure. I think this is will be a good tool. Advance Thanks.
Retail Mein 2 Lakh ki Application Laga kar bhi Allotment 15 Shares hi hone hain Wo bhi Lottery se kisi Bhagyashali ko? Khayaal Apne Apne Main Galat bhi ho sakta hun?
Retail 2 Lakh Bolte hai to Upto 2 Lakh hi hota hai. Grey Market mein Suuda hota hai to yaa Koshthak, Subject to Allotment Rate Likhte hain to Generally 15k Hi Keha jaata h. Chahe 13k 14k Kuch bhi ho. Sab ko Malum hai LIC IPO mein Small HNI Nahin hai.