hahaha. you are like me. I had done this kind of mistake in my initial stage. well to the point, your allotment chance will decrease not increase. there is logic. but can not write the whole thing here.
This question is for NII category. 1 lot is 103 shares. I applied 15 lot (1545). Let say NII oversubcription is 400x (400 times). what are confirmed shares I can get?
@ Sumit @Deepak Sumit has 15 ×100 /400 ie 3.75% ie less than 4% chances of getting one lot. In popular ipo s apply for shares worth more than Rs 20 or 40 lakh otherwise apply for just one lot
Hello sir I have saving account with icici bank but i am not able to apply IPO through ASBA .when i go in that site they direct me to icicidirect.com but i dont have account there .my account is with other broking house so what to do
You can apply through internet banking option. U can apply even if you have different demat account. It is very much possible. 1000% sure. I do it for all my 4 Savings Bank account.
It's use ICICI direct service to apply ASBA. Proceed with that, @ last you have to provide your DP Id & Client ID and finally you will allow to submit your bid. That obligation in ICICI is that you can apply for your PAN no only but not for others same as SBI.
Need help. Maine mazagon के लिए अपनी direct demat app se इपी के through apply किया था. कुछ tym बाद मुझे Google pay पर amount block के लिए confirmation msg आया. By mistake wo transaction fail ho गई. Abhi mere pass pass बसे से msg आया है के आपकी application submitted successfully . You will Revived a Upi-mandate collect request for block of fund will received soon. जबकि वो transaction fail ho गई... Now pls advice क्या मैं दोबारा से apply करू या क्या करू... Pls advice..
I have never got an allotment in any of the IPOs. Can I apply 2 applications using same dmat acc, same ASBA bank account but 2 different person PAN cards? Or will it get rejected due to same dmat account & same ASBA? Experts please reply. Note: I have axis bank account. Please please advice.
Use some logic brother. Don't get frustrated for not getting allotment. Pan & demat mismatch. Not possible brother. If that is the case i would have applied more than 100 application using my demat account and pan of others. Best is open demat account of all your family members and than apply
@ Naga ipo master, bank account name doesn't matters is you apply from bank asba. It matters only on upi application. Got 3 lots of Cams through third party asba.
@papon as I read somewhere they have told that if we want to get successful allotment for IPO then we need to have our accounts same in bank and Dmat account:
Example: If we have *ABC* companies Dmat account and your name is "David Wagon" and you have XYZ Bank account name as "DavidWagon" then our application will be rejected due to name mismatch if we apply n number of IPO's. This is what my understanding. Let me know your view or any experts please comment. Thanks
Thank you both. My name is correct everywhere otherwise I wouldn't have got allotment in sbi cards. But that backfired. I was talking about the recent hit IPOs of not getting allotment.????Bad luck.
@Naga ipo master. Yes you are partially correct. As i told earlier your description is only applicable in upi applications but not in bank asba applications. How it is clear now. I am giving you example of mine that i have got allotment in Cams of my mother applied thri3my account. Disc :- My name & my mother name is not same ????
@Batman your concept is still not clear. All family members should have their own demat account. You cannot apply with your demat account putting their pan. Hope it is clear now. If they have their own demat account than you can apply through your bank asba. Demat & pan details of your family members & only bank account is yours
Great subscription figure of this IPO, on 2nd day QIB more than two times, HNI around 5 times and retail 15 plus times. Hopefully it will cross 450X HNI, retail 40X and QIB 70X tomorrow. Retail allotment 100% on luck.
Want to confirm/clear a doubt here. Since, here we are seeing oversubscription, I want to ask if I apply 8 lots for Mazagaon IPO, will that give me any kind of advantage? 1. If my PAN is selected in lucky draw/lottery, then I might get more than 1 lot? OR 2. even if i apply more than 1 lot, i would still get only 1? thanks
or does applying multiple lots increase my chances to get even 1 lot?
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September 30, 2020 7:54:17 PM
Top Contributor (200+ Posts, 100+ Likes)
In case of over subscription in Retail category, only ONE lot you will get, even if you apply more than 1 lot. (That too....if you are lucky enough....!)
If ipo oversubscribed 450 times and your application is for 488 lots , and one lot is of 44 shares , u will get allotment of 48 shares instead of one lot of 44 shares
What's wrong with Bhim app, while accepting ipo mandate of mazagon it constantly shows an error that 'original reqauthmandate not found' what does this error mean and how to solve this issue please guide
Pl delete it frm zerodha as cancel. Ur application and apply again.. Do it 2-3 times if not successful.. I have done it aftr 4 times of cancellations in zerodha
Thanks everyone for your response here's how my issue solved i report this problem through bhim app and call customer care service and they suggest to wait for sometime as bhim app server is down and this problem is faced by many other customers after that i waited and around 5 pm i tried to approve mandate and it successfully approved