Muthoot Microfin Limited IPO Message Board (Page 10)

Applied 3 retail application

Applied
3 Shni
4 Retail

Skipped muthoot, Suraj, MOTISONS and RBZ

can I modify the application, increase the bid amount and do not accept the mandate .. will it led to cancellation

As far as I understand, HNI applications cannot be cancelled once applied

apply in retail as well. both will be cancelled.

I cant apply again in retail as I applied through upi .. its not allowing me to apply again.. unfortuantely I dont have netbanking facility too

​@SushilIPO You cannot cancel SHNI application, but, you can apply 1 retail, then both your applications will be invalid and cancelled..

Hope this helps..

So my question is if I increase the bid amount by modifying application and do not accept the mandate .. will it work

​@SushilIPO You can apply for retail using Nuvama (apply as a guest). Accept the UPI mandate. Since multiple bids will use the same PAN, both will be rejected.

some one plz make it clear we can apply any amount through UPI and approve the mandate later on , I think initially it was only for retail investor & upto Rs 2 lakh only

​@SushilIPO - Yes, it should work 90%. In my case I had done the same in one IPO and at the time of allotnment it was mentioned rejected on technical grounds.

​@SushilIPO Dear friend don't be panic as you have applied in Shni. So you cannot use the money in other IPO now. Because it cannot be cancelled.
If you however apply one retail. Then both will be cancelled but you can't use the money in this IPO wave.
You are afraid of negative listing that is why you want to cancel your application.

But be relax. It will not list in negative. I know premium is low. But trust the fundamentals it will not list in negative.
Keep calm.
I am also going in Shni in muthoot.

If want to use money then dont accept mandate ..if want apply as only retailers 1 lot then its not possible on technical but can be taken

​@YBPK 

Brother
How is muthoot pe 11

Have you considered ttm pe or annualised fy24 pe

Fy23 pe would be around 24

That is my only concern, otherwise isse is solid

If we compare it with fusion, pe is higher(fy23 pe)

​@Aaashish Yes brother it's ttm pe ( he mentioned TTM eps so pe also ttm ) and in that type of business PB matters most so it's cheap compare to fusion.

As per my knowledge, both the applications it will be rejected.
Seniors/Others can comment.
Thanks

Yes; both will be cancelled. Who is stopping u to withdraw one today? Close one and keep one .

Thats it!

Thanks for the advice, but this is case of INOX IPO

Is this is a dump rule for all IPO's....only one application allowed per PAN, even if from different banks??

​@PiyushGupta Only 1 application allowed per PAN

No Chance of negative listing. Expect 10% to 15% listing gain.