Mrs. Bectors Food Specialities Limited IPO Message Board (Page 18)

Depends on registrar mood..as per past ipo allotment sometimes they give allotment for 3rd party and sometimes not...

If application submitted with nse then you can't track same on bse and vice-versa...


Upi application till now are only submitted with nse as per past ipo track...

As per your nse status you have not approved upi mandate with upgraded app or upi 2.0 compatible mobile application...

@krishna , thanks for your revert

henceforth i will apply thru phone pe upi id _____@YBL , and not from union bank of india bhim upi id _____@UBOI to avoid this issue

Again... it is always suggested to apply through bank ASBA.. it is easy and simple...

Upgrade your viewing rights to full transactions , for that purpose you have to go...
Request& Enquiries ........Upgrade / Downgrade access levels....Upgrade level
There you select full transaction .
It will take 2 to 3 hours for upgradation .

@Paymzia, its not that easy as you are explaining. Have you done this for Minor child?

You can not apply through net banking in minor account as bank is not giving transaction rights in minors account.
You can apply through your net banking as SBI allows 5 application per net banking user

I was told that they will NOT add minors in normal savings account, without their name/pan linked to Bank account, how can i apply?
I think for applying into IPO Minors name should also be in the Bank account?
or what you are suggesting is to apply without their name in the Bank account? That way my application will be rejected, correct me if I am wrong?

Add your name (guardian) as first account holder and start net banking, ipo application asba for minor

@Cautiousipo, I am really sorry, can you please explain in detail on how to get this.

All,
Can anyone answer my questions on Minor account please and how to operate minor account online.

IDBI BANK GIVEN FULL RIGHT OF NET BANKING

Patel ji,
Wait for the allotment first. without getting any share in your demat acvount hoe can you sell or hold.

Patel ji,
Wait for the allotment first. without getting any share in your Demat account how can you sell or hold?

Good one

@ganesh jaiswal
Thank you sir

You all are knowing well that he is asking for idea for listing day in advance as he need be quick to sell if price crashes.
Anyway as per S P Tulsian, company is paying 1 crore salary to promoter's wife when the total profit is below 80 cr. Cost of employee is on higher side at 15%. And add to that competition from heavyweights, in my opinion if listing is around 500 then booking profit on listing is not bad thing even for long term investors. You can easily enter around 380-410 range in a week. Burger has made inverstors tense so expect profit booking on listing.

Do you really think it will get oversubscribed by 666 times in NII

@lokesh chiru

Atleast 450 x + ,expecting
In NII

Really You are IPO Guru . Thanks for your support ma'am.????

Dear Eagle Eye,
How do you so correctly predict NII oversubscription not only Mrs Bectors X 666 times , but earlier issues as well.Amazing

amazingggg!! kudos

Mam vyaj kaise nikala jata hai vo to samjao

@jayumiya

To calculate interest, first you need "approx" figure of NII subscription. As provided by Eagleye mam, it would be 666.67X in the above example.

So, if as a NII, you apply for 666.67 lots in your application, you would get confirmed 1 lot. Now, let's calculate how much money you would need to apply 666.67 lots.

1 lot = 14,400 INR
666.67 lots = 96,00,048 INR

So, NII would need to borrow 96,00,048 INR to apply for 1 lot. Let's assume that they borrow this amount of money @6.50 interest rate. And as you know, generally it would take 7 days for the allotment, and after that your money would get released. So, NIIs have to borrow the money for at least 7 days.

Now, let's calculate what is the interest amount for 7 days, if one borrow 96,00,048 INR @6.50 interest rate.

After calculation, the interest amount comes around: 11,967 INR

So basically, to get 1 confirmed lot (50 shares in case of this IPO), NII need to pay 11,967 INR interest. So per share, you're paying around 240 INR (11967/50) interest amount. And that's what indicates the GMP.

So if the IPO doesn't list at ISSUE PRICE + INTEREST COST OF A SHRE (288 + 240), NII would be in loss, since they won't be able to cover even the interest cost (forget about profit).

Also, if you divide 240 (interest cost per share) by estimated total subscription (666.67), you would get interest cost in "paise" for 1X.

240/666.67 = 0.35 paise for 1X

I might be completelly wrong, but that is what I understands about how the interest is calculated.

Wait till March end if decided to hold