I have a question regarding applying IPO in HII category. 1>> Can retailer apply IPO in HII category. 2>>If no it's ok. if yes then a>>what is the procedure ? > Did i need more then 2L amount for Bid in the IPO in HII category? b>>Does it increase the possibility of allotment ? ## Hope i will get my answer soon . ##
330.1. Johny| Link| Bookmark|
December 18, 2020 11:48:14 AM
IPO Mentor (800+ Posts, 1000+ Likes)
1) Retailer apply in HNI 2a) Retailer has to bid above 2Lac Rs. Yes you need more than 2Lac 2b) No it does not increase possibility of allotment. Possibility of allotment is more in retail.
It is always better to apply in Retail as chance of allotment in retail is more than HNI. Try and apply through multiple retail applications which will increase your chance of allotment.
330.2. Johny| Link| Bookmark|
December 18, 2020 11:51:58 AM
IPO Mentor (800+ Posts, 1000+ Likes)
HI ,My question is regarding applying IPO through ASBA Via SBI net banking ... 1--From one net banking account can i apply IPO for me And my family members along whit their own PAN no & Demat account ? 2--Can one person apply multiple bid with different price , in range between price band ? ## if possible please suggest how can i maximize my chance of get the allotment of IPO(When the IPO is over subscribed)
1) Yes you can apply for multiple PAN/Demat from SBI net banking though there is always possibility of 3rd party rejection. 2) Just apply one lot applications.
What about BOB, if i applied using my BOB netbankin on my friends PAN+Demant account?
BOB main kisi ka 3rd party accept huva hai kya in past IPOs ??
329.4. Paymzia| Link| Bookmark|
December 17, 2020 3:37:36 PM
IPO Guru (2700+ Posts, 4700+ Likes)
You can apply up to 5 applications with different pan , for third party in SBI net banking.. For maximise allotment , apply more family members and friends accounts. 8f ili over subscribed
i think if surname/last name is same then they dont take this as a third party application. But if last name is not match with bank account holder last name then they treat this app as 3rd party.
Can anyone please confirm, BOB se kisi ka 3rd party app ko allotment mila hai in past IPOs?
Following are answer. 1) You may apply five application form some bank like axis bank, Indus Ind bank. I have applied more than three application form one account & get allotment.
In Gland pharma where retails issue was oversubscribed only 0.24 times, in this case one should get full allotment. i have applied 10 application of my family member from four bank account. They allotted four application whose name as a first holder & rest of application was rejected as third party. This is first tome i have experienced (linkin time registrar) such rejection. 2)you can apply only one application on one pan number for any category.
@Mookesh M Patel Were the rejected applicants joint holder in the bank account ? I'm asking because my father got allotment in CAMS, while the first holder of the bank account is my mother he is second holder. In case of Karvy I've seen even third party allotments, my Grand Father got allotment in Happiest Minds when applied from my Individual account.
thnx , Folk for the response so in general IPO applied through won net bank account ,own pan ,& also own Demat account . then it have the best possibility for allotment.
327. arunARUN| Link| Bookmark|
December 18, 2020 9:06:13 AM
IPO Guru (2000+ Posts, 1700+ Likes)
i suspect that nearly 10 % of retail applications will fail due to UPI issues. SAD. But that is the current reality. 2ndly many people have applied more than one lot so ratio is going to be more attractive then what retail subscription ratio suggest However looks like 500+ listing
I applied for Mrs. Bectors IPO through sharekhan and created UPI madate through google pay on 16th, it still shows in progress. When i check on BSE IPO status, it shows UPI mandate pending. What should i do? I contacted google, they said me to contact bank, contacted bank, they said to contact google It shows 'funds available for withdrawal' on google and processing. No funds have been blocked.
Money is safe as it is in your bank. The lien marked will be released on 23 or after. The application will be rejected.
323. ColdBurger| Link| Bookmark|
December 18, 2020 2:04:36 AM
IPO Mentor (1400+ Posts, 400+ Likes)
Fingers crossed, only got lucky for CAMS. None of other blockbuster hit my luck. Hope this time i get lucky. GMP 240 is too attractive I think either to exit on listing or hold for long terms will be better. Due to competition it is bound to get correction post listing. Public is crazy for IPO buzz they don't think twice why the current big shareholders exiting company. Maybe the news of anchor investor investing for significant amount before IPO opening is giving confidence. I hope this anchor investor thing is not a planned thing , in every IPO i see this pattern.
@ssji What do you think, a person with 1 crore bank balance will come here to inform what he did in IPO?
321.3. Lokesh Chiru| Link| Bookmark|
December 17, 2020 5:29:43 PM
Top Contributor (400+ Posts, 300+ Likes)
@ssji. I did not take any loan. If it is loan then it does not make sense to block that much amount for less profit. You continue to earn interest till the allotment is done as it is ASBA application. Only after allotment the corresponding amount (no of shares allocated) will be deducted. Also applied in Retail category for just 1 lot for my family. In Retail allotment chances are lottery whereas in HNI if you apply more lots than HNI oversubscription figures then you will get one assured lot. Hope you got it.
Antony is closing the same day when Becker funds are supposed to release. It depends on banks some banks release lien early while in others it takes lot of time. To be on safer side better don't depend on refunds to apply for Antony.
I have applied for 8 lots ..4 with my sbi net banking (using different demat & pan) and another 4 with my brother NetBanking (different demat & pan) ..some people are saying bids will be rejected because of third party persons not linked with the bank acc...i used demat accs of my frnds & family for applying.