175.1. 🔥 MOG 🔥| Link| Bookmark|
December 9, 2021 11:20:05 AM
(400+ Posts, 200+ Likes)
Looks like this ipo may attract the attention of self-funded HNIs as funded-HNIs are going to target mappy. If mappy gets huge oversubscription, it might be better to target this.
with self funding I can only apply 1; but also have financing option though I haven''t used it for listing gains yet as I already come under 30% bracket. Any suggestions
Have Funds for only 30 lots for this. As 50 lots blocked in RateGain 110 lots blocked in Mappy india. Keeping 5 lots for nupur recycle.
RateGain fund will use for data pattern.
175.4. SamJos| Link| Bookmark|
December 13, 2021 6:33:00 AM
Top Contributor (500+ Posts, 100+ Likes)
There will be competition between Medplus & Data for released RTT funds. Data is better but due to small ipo, chances of hni oversub are very high. I think last day last hour will clear the confusion where to high. If able to apply more than 300 lots, better to go for Data.
I avoided HNI in MapMyIndia cause of over-subscription. Now, I''m applying in Medplus with full force. 300 lots x 2 accounts. Objective: Listing day Gains. 25% GMP is sufficient margin of safety, I think. Goodluck everyone !
Surprised to see QIB close to 100, never expected this type of response whoever applied in Retail in more than 5 Application are lucky they might even get multiple lots
Most of the funds stuck at Mappy etc., could only apply for 43 and 30 lots in HNI and 2 Retail applications. Retail Applicants have a real good opportunity here.
And saved tomorrow day... Applied 4 retail applications in DP today only.
Looking at the surprisingly good subscription figures, i went ahead and applied in retail from multiple accounts just for listing gain probability. I still stand by what i said earlier - the valuation is very steep and not worthy at all. Will sell on listing. Apart from this, FED meeting is another concern as there might be a policy reversal on the cards. Mere gmp of 20% can vanish if the FED meeting consequences are serious.
I have saved funds for Data Patterns as most of the funds are blocked in mappy and medplus. Hopefully my strategy pays off and i get 1 lot in data patterns.
1) HNI: Applied for 463 lots. 2) Retail: Two applications with 1 lot each. 3) Increased my allocation to HNI by seeing the huge QIB subscription. Hopeful of getting some five six lots. But listing is crucial to reap the benefit.
Dear All - What is your listing day strategy? I''m holding onto all the lots allotted to me for a couple of years, at the very least unless there is another bear market phase.
174.5. SONMAYA| Link| Bookmark|
December 14, 2021 7:26:13 PM
IPO Guru (1300+ Posts, 500+ Likes)
@IPO GUJRATI...Well Said.Hats off👌
174.6. SamJos| Link| Bookmark|
December 15, 2021 2:55:53 AM
Top Contributor (500+ Posts, 100+ Likes)
@chalak loading - mushkil lagta hai ki 3pm tak RTT Ka paisa savings account aa jayega, as hni asba closes at 2.59.59pm. Agar nahi aate, to data to Hai hi.
@manup dhanyavad... @badluck khub khub dhanyavad... @eklavya try our best per rate gain ka advance me release ho gaya to thoda badh gaya... even data me bhi meri ginti thodi galat hue thi lekin use sudhara liya tha.. @samjos yes sari bank open ho gayi thi aur sbi ka paisa 1:30 baje khul gaya tha.
@checkmate In retail - allotment is limited to single lot per application if IPO is Oversubscribed and the lottery is done Application wise - that means whether your application is of 13 lots or 1 lot your Allotment chances remains same - So it''s always better to apply only 1 lot per Application in retail and try to apply from multiple accounts to increase chances
168. colcol| Link| Bookmark|
December 15, 2021 11:43:40 AM
Top Contributor (400+ Posts, 100+ Likes)
Hi Gurus,
Supposing the retail segment has 1000 lots offered. 100 people apply for 13 lots and 800 people apply for 2 lots. Then , every one will get at least 1 lot ( total 900 gone). But how will the remaining 100 lots be allocated ? Will those that applied for 13 lots have a higher probability of getting another lot than those who applied for 1. Is it possible for anyone to be allotted more than 2 lots ?
168.1. colcol| Link| Bookmark|
December 15, 2021 3:04:13 PM
Top Contributor (400+ Posts, 100+ Likes)
Any thoughts on this ? Is there any chance that the retail oversubscription is due to people applying for the maximum lots and the number of applications still being less than number of lots ? Any point in applying for more than one lot in retail ?
Simple answer ..no point in applying more than 1 lot in retail.
168.3. lokes| Link| Bookmark|
December 15, 2021 3:09:41 PM
IPO Guru (4400+ Posts, 5100+ Likes)
As u can see in other posts here, retail application wise already crossed 4X so no point in applying more than 1 lot. Whenever any issue crosses even 2 times in retail then applications wise its already crosses normally 1 time for sure.
168.4. Ou Ai| Link| Bookmark|
December 16, 2021 3:51:10 PM
Top Contributor (300+ Posts, 300+ Likes)
Oversubscription at present is measured by value of amount blocked or committed in each category. In retail too same measurement is used. But rule of one minimum lot is applicable only whenever number of RII applicants exceed number of lots on offer. This assumes that each applicant applied for a minimum one lot or more. In your query,
Lots on offer - 1000 Applicants with 2 lots- 800 Applicants with 13 lots - 100 Total bids 1600+1300=2900 lots.
This is oversubscribed by 2.9 times in value will be reflected by merchant bankers. Actually this is not fully subscribed by number of applicants for equal distribution of minimum one lot. However , minimum one lot has to be to given to all applicants. First all 900 applicants are allotted one lot each. Then balance 100 lots are allotted to 900 applicants in the proportion of available lots to the lots applied. Here 800 applicants with 2 lots will get lesser proportion than 100 with 13 lots. Mathematically it is (100/2000 =0.05) for extra lot applied. 800 applicants will get 1.05 lot each and 100 applicants will get 1.60 lots each.
If the same 2900 lots are applied by 1000 applicants all lots get exhausted by minimum allotment. If applied by 1100 applicants then 1000 applicants will get minimum one lot by lottery as is happening in all IPOs.
With oversubscription measured in value of commitment , it is easy to create a demand in RII by initially applying large number of applications of 13 lots. This could be the reason for some lackluster IPOs to have RII oversubscription exceeding 3 to 4 times in first one hour of opening to create a hype and attract more RII. RII application on ASBA can be modified later!
Trust this explanation helps in understanding RII allotment.
Hey to all Need help Sharekhan and grow done kese ek ek application apply kiya medplus ka or mandate bhi time par aaya or accept bhi kiya and fund block, But sharekhan or grow me 24 kalak k baad bhi ipo application pending dekha raha he
Dono me
Any technical problems in medplus ipo????
Thanks to all of you🙂
167.1. K.Atar| Link| Bookmark|
December 16, 2021 3:03:59 PM
IPO Guru (1000+ Posts, 700+ Likes)
It happens due to rush of transactions and traffic load that it shows pending,, but don''t worry, your bids are valid since funds are blocked against against valid applications. And till now you haven''t received adverse messages/sms/email from DP or Banks, so you are safe.
Sleep tight and forget about it until allotment date.
I applied through groww. I received 2 mandates of same application number. I accepted 1 mandate only. But it is not updated on groww. Will my application be considered ? Whom to contact !
I applied and accepted mandate amount also blocked but received this msg after 5pm, The payment (UPI mandate) for the MedPlus Health Services Limited IPO has failed. If you wish to apply for the IPO, kindly login to Upstox, delete your application and reapply. -Team Upstox
Due to avoid this kind of issues we have developed software where in which customer can apply for ipo irrespective where they have demat, after closure of issue we resend the upi request for all applications which are in pending for acceptance or rejected due to some reasons.
I have received 2 UPI mandate for single application. Can someone pls guide what to do in such case.. Thanks
156. Silent lion| Link| Bookmark|
December 15, 2021 9:32:11 PM
Top Contributor (300+ Posts, 100+ Likes)
I am confusing and one question in my mind... Plz advice expert and gurus..
eg. If any broker send 5000 upi req his/her clients, in 5000 Client only 2500 Clients acept mandate.. That cash how much application show in subscription.. Cz after ipo close all subscribetion show and also after close ipo next day 12 noon we acept mandate..