Mrs. Bectors Food Specialities Limited IPO Message Board (Page 20)

7.5% TDS if total dividend value is more than 5000k otherwise zero

7.5% TDS if total dividend value is more than 5000 INR otherwise zero TDS for less than 5000 value

Once upon a time TDS deducted at company level.
Buy now it is deducting at shareholders level.

Buying Majesco may be a loss making decision

1. Sold business from where 99% revenue generates
2. After dividend, it may trade in single digit
3. TDS deduction 7.5% for above 5000, Even TDS not deducted, dividend income is considered as other business income, if anyone is in Tax bracket, i.e. 10%, 20%,30% have to pay tax on dividend as per slab

so even for 10% slab, have to pay 97.40 tax per share
974 - 97.74 = 876.60 profit per share + share value after dividend (dont expect more than 30/40)

4. Company have 103 crore cash & land after dividend payout, may be another dividend will be given around 25-30
5. For land it may take years to settle

So nothing remaining on table
Profitable only for those who already bought below 850, and total income under taxable or 10%, because those tax bracket is 20% or more, will be in more profit to sell before ex-dividend as max tax is 10% (LTCG) or 15% (STCG)

good explaination crsl in layman terms. Thanks.

I believe Majesco may come down to 750-800 by dividend record date as their will be high pressure of selling from HNI's as they would want to avoid paying 35-42% tax on dividend. Instead they will sell in open market and pay capital gain at 15%. If this comes to be true then you can buy some shares in the name of your family members who don't have much income.

Buy only 5 shares in all account of family members who do not pay any income taxes, means income below 2.5 lakhs or 5 lakhs. as dividend below 5000, no TDS @7.5%. And the best part its only gain with no loss. But sell this five shares only after 6 months to register short term capital loss. Or sell after one year to show long term capital loss

Majesco's mega dividend announcement: What should investors do?

https://www.moneycontrol.com/news/business/personal-finance/majescos-mega-dividend-announcement-what-should-investors-do-6241821.html

Why there is sudden drop in GMP from 230 to 199

Its called BK effect

Since u have applied u can block fund by 11PM of 18th.
Try contacting Bank RM

Go to ur UPI, then check UPI MANDATE, then check REQUEST RECEIVED. I m sure The Blocking Request is there, s usually I also didn't get msg on my phone, informing about MANDATE REQUEST. check FIRST

Now am in union bank for mandate msg not rece in ubi mobile app.. They said contact customer care.. Icici direct rm said contact ubi bank
. Pls share if anyone have some ideas for block fund.. Msg till not rece in ubi mobile app bhim upi option.. Pending request.. Nil..

Not use phone pay or Google pay.. Due to same problame earlier for mandate

Please go to the link????

https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=43

This shows List of mobile applications for using UPI in Public Issues. It doesn't have Union Bank UPI so maybe that's why u r unable to make that request.

Post issue modification can be done between 10-11AM and before 12PM approval. So ask ur Demat Account RM whether u can change UPI I'd in this case.

i got allotment in Gland pharma only on first holder name(my all account having joint account). This is first case otherwise i got allotment form joint account even in third holder name. (if account holder name A B C & D ,got allotment in the name of D also.

Mr. Patel this is fine
But in UPI
If u apply on 3 party name ur application will be rejected. This happened with me during Route
Like
A and B have joint account in bank and if they apply for C then it will be rejected.

hi , as per below list union bank india is available in list of -Banks Live on BHIM
this link
https://www.npci.org.in/what-we-do/bhim/live-members

below link received from icici direct
Currently, only UPI ID generated through BHIM App for selected banks which are linked with BHIM App can be used for applying in IPOs with this module. For details of such banks please click on https://www.npci.org.in/upi-live-ipo and visit "BHIM UPI Apps & Banks Live on IPO".

send one mail to -bector.ipo@linkintime.co.in also , for chek issue but no revert

To apply through UPI is somewhat difficult. you have to wait for message. Apply through ASBA through bank is very easy. You can check whether your application amount blocked or not. Withdrawal of application is also very easy.

@M M PAEL , fund ill not block due to mandate msg not rece in ubi -> bhip upi mobile app ,

To get mandate in BHIM UPI
Ur UPI ID must end with ----@upi

But as u said ur UPI ID ends with -----@uboi hence u have not received the mandate in BHIM app.
Beside that -----@uboi wasn't on the list shared by me which provides details of UPI app approved for IPO by SEBI

Hi Shani, same happened with me when I have applied for Burger King using Bhim UPI - ig got the message but Bhim upi failed to connect to my payee Bank app. So for this IPO i have used Phone Pe and it's worked instantly.
So, next time without waiting for the mandate to receive/work for any such problem we should cancel the application and apply fresh using another UPI.
Alternatively, for Icici direct if you have bank a/c also with ICICI you can apply from ASBA as that works without any problem.

In single account ?

Or

10 different accounts ?

I a single account

Yes