262.2. UjwalG| Link| Bookmark|
July 19, 2023 2:04:31 PM
IPO Guru (1300+ Posts, 600+ Likes)
No. Generally registrar requires 3 full days to release boa. Sat would be half day, so Monday morning allotment shld be done. Listing on 27th Thursday, which is too far from allotment. So listing will be preponed in netweb i think
Hi GuptaG, You can go with Retail application in Netweb IPO due to its size. Further, If u are appling in retail than apply with only one lot in each application i.e. 15000. As allotement in retail is on lottery basis and only 1 lot will be alloted in case of over-subscription.
259. Suraj....| Link| Bookmark|
July 19, 2023 1:18:40 PM
Top Contributor (400+ Posts, 100+ Likes)
Trying from last 2 hour but Not able to apply via upi in groww. Anyone else having the same problem.
@Admin @ Chittorgarh.com If possible display my disabled post. I request to delete the sentence, which seems to be a problem for this forum. Other things seems to be in line with rules of C G. Thank you very much.
When shares offered for HNI category is very less than Retail in this IPO, I think, its better to apply in Retail only. couldnt understand why HNI category is getting over subscribed than Retail. ofcourse, I know that we will get more lots in HNI if we got lottery. but I have been applying in SHNI or BHNI in every good IPO from Ideaforge but didnt get any allotment till now.. eventually, it seems to be waste of time & effort to apply in IPOs
In heavily oversubscribed fancied IPOs allotment is lottery in RETAIL, SHNI and BHNI. Those who have funds prefer to apply in SHNI and BHNI instead of Retail as they get 14 lots if lucky rather than a single lot in Retail. As the Market is recording new all time highs backed by FPIs, Investors must park their funds only in Good IPOs based on fundamentals and future outlook.
No, the 3rd Party UPI IPO Application is not valid.
As per the regulation, the funds for IPO applications should come from the bank account linked to the demat account used for the IPO application.
The stock exchanges along with the registrar and banks are responsible to validate this information.
It's a wrong thing that these people are getting allotments but there is no way to check because banks are the only agency that can check the account number. Banks are not able to handle the load of validating lakhs of IPO application data for every IPO in a short period. Thus they don't send the confirmation and in the process, some people are getting benefited.
On perusing BOA of recent Main Board IPOs, I noticed that there is no use in applying more than a minimum lot for that category in RETAIL, SHNI and BHNI , as the proportionate ratio of allotment is almost equal for single lot application and multiple lots applications. Particularly in BHNI those who apply in bulk worth crores of rupees end up not getting allotment. Any contra opinion supported by facts and figures are welcome.