Till now no link is there.Better wait and watch. THose who are suggesting based in there lien amount released or not. SBI till no lien released or amount debited so no confirmation from SBI Bank ASBA side.
Applied 10 lots in single application and alloted zero. Apart from Sbicard I haven't got any allotment in last two years while applying through 5 to 10 different PAN nos. I had tried every possible method. Please suggest what should I do to get allotment.
Hello friends, This is the second IPO which I am not allotted shares. I had bid both the IPO's from HDFC bank ASBA. I am new to IPO. Please share your experiences and answer my queries below:
1) There is slight mismatch of my name(only initials) in PAN and Demat Account Name. Can this be reason for rejection of allotment ? 2) What is the concept of multiple bids ? Having max 3 bids increases chances of allotment?
Thanks in advance!
220.1. Black Swan| Link| Bookmark|
August 4, 2020 2:24:44 PM
Top Contributor (400+ Posts, 400+ Likes)
Once the allotment is out on the Registrar website check your application. If successfully submitted it will show your bid details.
Multiple bids does not have much of an advantage. Only for REIT IPO higher the number of lots applied better are your prospects for allotment. For regular IPOs it's best to apply for 1 lot in retail since most are oversubscribed. Hope this helps
@BlackSwan: Thanks for your reply. I just verified for Rossari IPO on its registrar website, my IPO application was present against my PAN. This shows my application was not rejected due to name mismatch which I was suspecting.
For Mindspace IPO, I had applied 1 bid of 2 lot size but dint get any allotment. The registrar website doesn't have data on allotment yet.
Do anyone has any idea of allotment criteria in general: 1) is it FCFS(First Come First Serve) basis? 2) is it lottery system? 3) is it in the order of higher number of lots/shares applied to lower number? 4) is it the book running lead managers have an influence(unofficial) over getting allotments?
219. Vnrao| Link| Bookmark|
August 4, 2020 4:07:54 PM
Top Contributor (500+ Posts, 200+ Likes)
applied 34+4+4 money debited for 2+1+1 lots so total allotment is 800 reits. appears retail got better allotment. now waiting for a good premium or will hold on to these as yield will be quite higher than bank or fixed deposits.