This year still no allotment for me. Last year rcvd chaman my first alloted.sold and bought some later ,still holding and this year chaman will expecting double for my investment.
I think the confusion is, for SME IPO, in retail category shall we select cut off or not. Some experienced members have suggested that they got the allotment after clicking on cut off for retail category in SME IPO; while some say we dont need to tick it for SME IPO at all.
92.3. Rakcyt| Link| Bookmark|
January 18, 2024 4:12:21 PM
IPO Guru (1200+ Posts, 1200+ Likes)
@CA Dhiraj Ramchandani The rule is simple that for retail category one need to tap "cut off" and it's price for HNI . But the option vary for each bank/ DP, for example in ICICI app cut off is ticked while applying retail and not in case of HNI as it straightway multiply higher bid price by minimum 2x . In Indusind one need to either tick cut off in retail or fill in price for retail/hni .
So follow the rule as applicable.
92.4. MuStrFc| Link| Bookmark|
January 18, 2024 4:22:18 PM
IPO Guru (1800+ Posts, 1000+ Likes)
@CA Dhiraj Ramchandani Cut-off only applies for retail application, be it SME IPO or Mainboard. When application is HNI, cut-off should generally not be chosen, as some banks outright reject it and in case which don't one does not need to tick on cut off price.
Hello experts, thank you for your valuable thoughts and suggestions. Even I agree, in case of Retail, we should cut off, whether its mainboard IPO or SME IPO. But in past, few experts have suggested that for SME IPO, even if you are applying in retail category, do not tick on cut off price. Different people provide different views here, while I do not see any concrete document for SME IPO retail applications, which talk about this part. So, the confusion continues for me, till I get an allotment myself ;-). I always tick on cut off price for retail applications, irrespective it being mainboard or SME
79.2. Ankur Goel| Link| Bookmark|
January 17, 2024 7:31:02 PM
IPO Guru (1100+ Posts, 500+ Likes)
And few brokers do not provide upi option for sme ipo.
79.3. AryanRaj| Link| Bookmark|
January 18, 2024 5:57:27 AM
Top Contributor (600+ Posts, 100+ Likes)
@ARB Are you using equitas bank asba for minor account? I saw your post stating good returns on high amount in equitas asba for minor made a few days ago. Kindly confirm. Thanks.
Can anyone suggest best bank to apply for IPO without asking to login and applying for IPO? If the otp comes through email as well, that will also do just like Kotak and AU small finance bank.
any option apart from AU and Kotak would be appreciated. thanks in advance.
IDFC First bank is the best at present. The saved Demat account number is pre filled,Minimum quantity and cut-off price is pre filled. Only glitch is for logging in ,you get an otp.
78.3. G profit| Link| Bookmark|
January 17, 2024 6:46:20 PM
IPO Mentor (1000+ Posts, 300+ Likes)
Idfc bank is easy and a good option
78.4. Basuvr| Link| Bookmark|
January 17, 2024 6:53:12 PM
IPO Guru (1800+ Posts, 1000+ Likes)
Kotak doesn't need login and OTP Did you try it via mobile app, it's very easy in just 3, 4 clicks
Again, this all has happened even though there were glitches with ICICI & Axis banks.., if it would not have happened, the records would have been even higher