No. of application wise it is subscribed .3 times. What does that mean??? Will a handful people hold too many shares, does that leads to concentration risk.
This IPO has 50% quota for retailers. QIB quota is less. Not able to understand the strategy of the company to keep 50% for retailers. Does it going to benefit the retailers or benefit the QIB indirectly. The retail quota is not likely to subscribe in full and out of remaining shares, going in QIB quota to some extent. If the GMP remains 25 to 30 even upto listing it will be win win position for hnis, either big or small. For retailers having less risk appetite, 2 or 3 lots is not going to make much difference. Who believes, some thing is better than nothing, either in gain/loss, can apply. As an addiction, nothing to say. But difficult to predict listing.
Retail is not 50%, its 35% (standard portion in all ipos).
50% figures comes after excluding anchor portion.
437.2. Arca| Link| Bookmark|
April 27, 2023 11:44:19 AM
(1000+ Posts, 500+ Likes)
Retail quota is 35% Hni quota is 15% (5shni + 10bhni) Qib -Anchor portion 30% Qib in ipo - 20%.
Nothing has changed regular rules only sir. Usk only had 60 retail ,30 hni & qib and it failed terribly on listing due to high retailers selling on day 1. This ipo won't be subscribed fully by retail. So it will be moved to hni & qib.
@PKRAJ Sir, As well as, i am able to understand, It is 50 % showing for Retailers after excluding Anchor Investor portion. Overall Retailer portion is 35 %, NII is 15 % and for QIB's 50 %. If i am wrong, please correct me.
Thanks members for drawing my attention regarding quota in different categories. Yesterday I had read different figures in CG. This may be through oversight. @ Chotiwala, you are right. It may be after excluding Anchor Investors quota. Otherwise the retail quota stands to be 35% of IPO. Thanks again to all.
436. sahab| Link| Bookmark|
April 27, 2023 12:52:21 PM
IPO Guru (1000+ Posts, 500+ Likes)
@Noorul sir @lokes sir what is your view about this ipo??
435. Nothing New| Link| Bookmark|
April 27, 2023 12:39:18 PM
Top Contributor (600+ Posts, 100+ Likes)
1 also applied 1 retail (182 shares) application. I don't know any grey dealers.😬if i had known i would have simply applied 5 bhni and sold at 10k application earlier.
434.3. jay here| Link| Bookmark|
April 27, 2023 12:34:01 PM
IPO Mentor (700+ Posts, 500+ Likes)
Retail Investors are hesitant as they are nursing their wounds inflicted by recent mainboard IPOs Avalon , Elin Et al. Most likely Retail may not subscribe fully.
Hats off to all the retailers, who are holding themselves from this trap... Save your hard earned money 👍 You'll get it in much lower price in secondary market.
Happy Investing 😄
423. PLAZA| Link| Bookmark|
April 27, 2023 7:44:25 AM
IPO Guru (2000+ Posts, 1200+ Likes)
What strategy one shold adopt lookong to pros and cons of the issue if one is having sufficient funds for applying in all accounts pl give feedback so that decision can be taken easily and keep open all applications. 1. Apply for 182 shares max in retail category
If u want to apply and get allotment then retail max will be the best option to get allotment.
SHNI will be easily fully subscribed. most probable bhni also cross 5 times. Retail according to me fully subscribed but not application wise, as hni move into retail on fully subscribing hni category Retail expecting 1 time only (application wise 0.75 time)
423.2. PLAZA| Link| Bookmark|
April 27, 2023 8:07:36 AM
IPO Guru (2000+ Posts, 1200+ Likes)
@gaurav dd but while applying in Bhni chances of getting more than 195 shares as this will not cross 5 times as taking risk in retail maximum is somewhat excessive as fund is not problem . Taking above facts pl give your view
423.3. arunARUN| Link| Bookmark|
April 27, 2023 9:11:28 AM
IPO Guru (1900+ Posts, 1600+ Likes)
@PLAZA It will easily cross 5 times in bHNI. You take a call at 2 PM
423.5. ipo stonks| Link| Bookmark|
April 27, 2023 10:25:02 AM
Top Contributor (200+ Posts, 200+ Likes)
It may or may not cross 5 times, but applications should not cross ~20000 so you will get confirm allotment or 195 shares and some additional shares. Those who take funding facility apply on the last day, major retailers participating in bHNI apply on the last day. So who are those people who have subscribed in bHNI category of ~400cr itself on 2nd day ? Those might be people like Mukund Agrawal, Rekha Jhunjhunwala, etc. This is just a speculation !!!
423.6. PLAZA| Link| Bookmark|
April 27, 2023 10:36:25 AM
IPO Guru (2000+ Posts, 1200+ Likes)
Also 1500cr released from QUICKTOUCH SME will be deployed in this issue
423.7. PLAZA| Link| Bookmark|
April 27, 2023 11:01:29 AM
IPO Guru (2000+ Posts, 1200+ Likes)
FINALLY DECIDED AND GOING TO APPLY ALL APPLICATION IN BHNI CATEGORY.
423.8. antarix| Link| Bookmark|
April 27, 2023 11:13:21 AM
IPO Guru (1100+ Posts, 700+ Likes)
Better to taka a call after 2 pm considering subscription status in various categories. BHNI category is likely to cross 5x as QIB has already crossed 5x.
423.9. PLAZA| Link| Bookmark|
April 27, 2023 11:33:09 AM
IPO Guru (2000+ Posts, 1200+ Likes)
@AnTRIX TRUE BUT SOMETIMES CONNECTIVITY ISSUE FROM BANKS SIDE ARISES AND WE ARE HELPLESS SO 50 % APPLIED remaining at 2 pm
423.10. Imhilli| Link| Bookmark|
April 27, 2023 11:42:11 AM
IPO Guru (1200+ Posts, 700+ Likes)
Total application is only 0.26 times till 11:40am. Poor show