I have already applied through 3rd party upi considering many of the members have received the allotment post amendment. Will the registrar will inform in case of rejection or simply they will quote non allotement due to over subscription
Nova Agritech is an agri-input manufacturer that provides a one- stop solution for the health of soil and crops through its diversified branded product portfolio.
It has a strong presence across Geographies Good financial growth
64.1. Rajiv RR| Link| Bookmark|
January 25, 2024 11:47:37 AM
IPO Mentor (1100+ Posts, 300+ Likes)
1 SHNI & 2 Retail applied.
64.2. MKS IND IPO| Link| Bookmark|
January 25, 2024 12:44:08 PM
Top Contributor (300+ Posts, 100+ Likes)
3 Retail applied
63. Rakcyt| Link| Bookmark|
January 25, 2024 10:52:46 AM
IPO Guru (1300+ Posts, 1300+ Likes)
This one is behaving like SME if we look at subscription data , will it replicate GMP too in similar way !!
63.1. Chhote Lal| Link| Bookmark|
January 25, 2024 11:44:00 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
GMP is steadfast stable at 20 or at about 48%. Looking at subscription figures, overall size of IPO and attractive GMP, it is expected to result in good listing gains provided one remains lucky to get allotment. Hoping for the best. Good Luck 🤞
Off topic: Respected members: IDEAFORGE drone stock is falling like anything. 5th Feb is the q3 result date. Any reason for such fall today and last a few days? Can anyone give valued opinion? What's the prospect of this stock?
56.1. UjwalG| Link| Bookmark|
January 24, 2024 10:27:16 PM
IPO Guru (1300+ Posts, 600+ Likes)
Since this is recently listed one, i can talk about this, giving just a opinion on his situation. Its clearly breakdown on charts. It will find a base now. Results might be weak hence the pre selling, thats the only reason i see. You shld wait a bit for results and then check what to do, avg/ sell.
It's good scrip. It is involved in drone making; now available close to ipo price. It will probably take some more time to become profitable. I HV been averaging it. Thank you. Await further valued opinions.
I applied for nova agritech via nuvama for hni application . While accepting mandate it failed . I then applied through hdfc absa which was successful . Now my question is will my 2nd application be considered valid . I am hoping that it shouldnt get rejected due to multiple applications . However as my 1st application process was not completed I am not sure how it will work
@SushilIPO If the mandate failed and if the money is not blocked, then, there should not be any problem. Your ASBA application is successful, so it will be valid..
Hope this helps..
54. CL BASSI| Link| Bookmark|
January 24, 2024 5:42:55 PM
Top Contributor (500+ Posts, 100+ Likes)
53.4. Vaibhavvd| Link| Bookmark|
January 25, 2024 9:45:29 PM
Top Contributor (300+ Posts, 100+ Likes)
@Kartikeyagrawal Ji. In oversubscribed ipo if you apply 1 lot or 13 lot. Your application goes in lottery. It doesn't matter about number of lot , if your lucky than got 1 lot max. Same thing in 22 lot application if you are lucky than got 14 lot only.. Hope you get it.
@Kartikeyagrawal Yes, whether it is one lot or 13 lots the ratio of allotment is same in Retail. But in HNI more the number of lots applied ,the ratio of allotment is higher ie 22 lots application will have better chances than than 14 lots application
@GVRani No. It was the case when proportional allotment was used in HNI. Now it's lottery in HNI also.
Experts pls let us know if I am wrong here🙏
53.8. Basuvr| Link| Bookmark|
January 27, 2024 7:57:57 AM
IPO Guru (2000+ Posts, 1100+ Likes)
Allotment in Mainboard is always on lottery bases for Retail and HNI category if the IPO is oversubscribed. Hence allotment chances remains same if you apply with -1 lot or 10 lots in Retail, -15 lots or 20 lots in SHNI - 71 lots or 100 lots in BHNI🙏
So, is there the same case in SME IPOs? If not, what should be the ideal lot size we need?
53.10. Basuvr| Link| Bookmark|
January 27, 2024 12:24:23 PM
IPO Guru (2000+ Posts, 1100+ Likes)
@Kartikeyagrawal For SME IPO, allotment is on proportionate lottery bases, so more the lot you apply more are the allotment chances. For Mainboard IPO - Retail, SHNI, BHNI- allotment is on lottery bases hence all has equal chances. Refer below thread to understand allotment chances in SME IPO