C.E. Info systems limited IPO Message Board (Page 32)

replied to you on the other thread!! same rate for me, not applying in funded HNI way

@iamnimitshah @Always Lucky
Hi,
Would like to know what is the process for getting IPO funding from Bajaj Finance ?
Is there any eligibility and what kind of documents are required ?
And also , what is their process i.e. What Bank accounts and demats ?
And how do you intimate them for funding and do they place orders on your behalf?

Thanks in advance
Looking forward to your replies

Its better not to apply on borrowed funds. You may get few shares but int can be more than premium. So think seriously before Taking risk.

Check calculation of oversubscription is 305X you will pay interest @1200+ per share w.e premium is 1000 so you will need to pay 200/ from pocket. so why to apply to loose money?

Hi @Gandhi,

I have read on this forum about HNI financing by Bajaj from iamnimitshah dude.

You can search for Bajaj Securities customer care number and call and ask them for IPO financing. They will take care of the rest.

In short, 3 accounts needs to be opened.
1. Bajaj Securities Demat Account
2. HDFC or ICICI Escrow account for which POA is given to Bajaj
3. Bajaj loan account

Above 3 accounts need roughly 40 to 50 pages paperwork and some attestation and some affidavits. Most important is the networth certificate from CA if you don''t have IT returns.

Once all done, they call you for every IPO and explain about the ROI and margin. You take the risk and they take the reward 😇

In other words, our reward is controlled by risk and they have fixed rewards. Do remember and calculate using HNI calculator and take a calculated risk. HNI financing is not something that''s going to reward the customers as per my research.

I don''t mean to encourage or discourse you. Investing in Share Market is all about taking calculated risk. Good Luck :-) 👍🏻

Hello @ Gandhi,,

pls take into consideration that except c.e. ipo, there is one more excellent ipo which is data pat, and there is third one med+.

if it was only one ipo with high gmp you might wanna take the risk.

Anything can happen in mkt, gmp can nose dive.

So take calculated risk, not loosing your money its also a form of earning.
decision is yours, make wisely

Thanks

Dear Gandhi,

I have replied in this thread and skipped replying in Tega thread.
I have also learnt a lot from this forum.
If you have gone through the complete Tega thread, you might have understood Bajaj''s greediness and suggestions/advises from fellow investors regarding the cost per share.
At this high ROI, even if the MapMyIndia registers bumper 100% listing, you wont even get anything. What if lists at 80% GMP or 20% GMP or for our bad, in discount ?

I suggest you to do calculations for few IPOs first with ROI as high as 12 to 14% and then enter the dragon 🐉🐲

All the 3 accounts mentioned above are opened free of cost. So, there is no harm in opening them.
We can keep discussing in this forum and keep helping each other.

Also, as iamnimitshah said in Tega thread, he won''t take financing if ROI is greater than 8. I have also Bajaj the same. You can do the same and they will come down eventually. 😃

Good luck :-) 👍🏻

@Always Lucky

Thanks for your reply.
It is very nice of you to share your experience.

I also got curious about IPO financing after your post on Mapmyindia Forum .
I have gone through all your discussion with Nimitshah and all threads.

I have already opened Demat account with Bajaj.
It''s like you said I just wanted to open the account in case any good opportunity and of course Risk is ours and Reward is theirs😀
the person I talked told me I need ITR for last 5 years(Which I have) or a Net Worth certificate

But he said that there is no minimum income criteria , etc and Also we can get funding upto 100Cr .
I found this really unrealistic - Can you please confirm has this also been your experience ?

I just want to use this when perfect opportunity comes.

@K.Atar
Thanks for your insights.

Just for discussion - Would Nykka have been a good candidate for Taking Ipo funding considering It was Oversubscribed 112 times in HNI and it GMP was always around 70% + ?

Actually I am just exploring these options as and when I come across them .

And Completely agree with you that Not loosing is also earning .
This where our decision making comes into play .

@Always Lucky
And also wanted to ask what is this 2.5% FD interest ?
And also saw in one thread Nimitshah mention that they deduct TDS ,etc

I would really helpful if you could explain this a bit
Thanks in advance

Dear Gandhi,

If you wish to take finance for 1Cr, they create a FD with this 1Cr in the ICICI/HDFC account you opened and bid for IPO against this.

If you are allotted 1.5L worth shares, the FD comes down to 98.5L and so the maturity amount. As this FD was active for 7 days, you will get 2.5% interest which has to be paid to you because you have taken this amount as a loan from Bajaj and kept in your account. For this 2.5% interest you get on FD, there will be a 10% TDS deduction and while filing ITR, you will have to pay any extra tax according to your liability or you will get this 10% TDS refund if you don''t have any tax liability.

Hope this clarifies.

After the paper work and your accounts are opened, for any IPO, you just need to transfer the margin and interest if you are satisfied with the ROI.

Rest, will be taken care of by them.

I will also follow same as your sequence full force in MapMyIndia & data pattern rest fund in medplus.
I have taken but risk and applied 4 lot in ratemygain.

Can i apply in retail as well as HNI using same PAN number?

Nilesh Yes bro.

@,miles
No
Only one retail or hni

YA free but delivery brokerage charged 20rs per order

med plus , ce info ------retail

ani data patterns ...........hni

@ Csk.. if u go for Data or mapmyindia.. 100% confirm that ur application will b in lottery... And in dis case its all about luck. Just for information.. i didn''t alloted single lot in tega in both account.. 274 and 387 respectively.. lottery system is like that only.. no one to blame.
Better go for medplus and hve some bucks in pocket at d end of day.

so you have applied twice with same PAN?

In Bank, Staff saying they have bidded, but amount was not blocked n not showing in lein amount....So i applied through Net Banking.

So Technically my amount blocked once, but not aware whethere application made Twice? That my query, whether application is made twice or 1 only.

No need to bid again

It is valid

Thank you

you will get the confirmation message through nse, or email through bse by the end of next working day(monday)

How can you applied after 6 PM??
IPO Window only open in between 10 am to 4 pm

I think SSSS has a locking period of 5 years and hence as it has a locking period It can not be linked.
My assumption though.

@krishnaji: I have no idea regarding this. Best thing here is you can call bank customer care to check this :)

@ krishnaji.. i hve no idea as i personally don''t like sbi bank because of tortoise like working speed.. but i remember @neoloungs hve ac in sbi .. he can shed some light over this matter..

@ Avenue- yeah my assumption also similar due to its locking period
@Lokes- I tried calling sbi customer care but didnt get any clarity as explaining ssss and the normal fd to them was quite a challenge:) They say- can be done but dont know how and that too from home branch only which is not possible for me currently as its out of bangalore ;)
@Noorul- yeah I know but somehow sbi is something I am never able to get rid of due to somethng or the other:) I even checked netbank but didn''t find such option.

Thanks!

@Krishnaji - I use SBI but have no idea about linking senior citizens FD though I''ve been told that OD can be taken on regular FD but since its SBI so I prefer to keep it simple and straightforward with them.

@Krishnaji

For sure, you cannot take an OD against PPF and SSS deposits.

@Noorul There was an article last week about a fake SBI branch set up in one of the southern states. The customers felt something was fishy and complained to the cops and the branch was busted. They said they felt something was amiss as the SBI staff was VERY POLITE 🤣

@Krishnaji, You can link your SSS to saving account User ID. Generally all banks creates unique CIF base on PAN or user data. So your saving account and all the FD''s can be linked to one CIF, so that in online banking you can see everything under one userID.
If your SSS is created from Branch, then you need to visit branch to get it link. But if you have online banking enabled then, you can visit any of the nearest branch, they can help you. Also you can change your branch through online banking.

@Ajit Katariya

I tried linking my parents'' SSS A/c with their SB A/Cs in SBI. Not possible. You don''t even get a FD printed receipt like with a regular FD. It''s just a printout on a A4 paper with a SBI stamp.

SCSS is basically a Post office scheme which can be transferred to any bank or p.o.
It cannot be used as a collateral security /pledge or lien etc.

SCSS is a government scheme. SBI only works as an agent in the scheme and doesn''t hold invested fund. Moreover, it has a lock in period. So I don''t think it to be allowed to link for purpose of IPO investment.

At present there are two interest subsidised scheme sponsored by the Govt.
1. SCSS operated by Post office.
2. PM Vaya vandana operated by LIC of India

I don''t have any idea about sbi but you can check out Indusind bank. They have a linked type FD with excellent interest rates which can also be used as leverage for HNI application in IPOs.

Thanks guys for your inputs
Will try to go next week in some local sbi branch and get clear understanding of this. Either case, will keep you posted...

Thanks!

You can use auto sweep option in SBI