Nova AgriTech Limited IPO Message Board (Page 8)

HDFC me FD se IPO apply nahi kar sakte.

​@akudi  As MVPji has said, we cannot use HDFC bank FD for applying in IPO.
ICICI, Kotak, Yes banks have this facility..

​@Vimal Garodia Ji, what kind of account is needed for this, can this be done online? is there a link for where these discussions has been done. I remember people have talked about in past, but i couldn't find it now. Please help.

Thank you guys for ur valuable time

​@ZeroMile Its called linked FD feature, can also be termed as Sweep In-Sweep Out feature.

ICICI has it by the name of Money Multiplier, Kotak calls it Active Money, RBL Bank name it as Flexi FD / Linked FD, Yes Bank simply calls it Linked FD.

All are available online except RBL, for which you need to visit branch.

For further details you can check past messages posted by Vimal Garodia Sir and MVP Sir for better understanding

Thank you 🙏 @mustrfc

​@ZeroMile In ICICI you simply open a normal savings Ac. You can create Money Multiplier FD online after logging into your Ac.

Best rate of interest is from 15 months to 2 years.

After creating MM FD you simply apply for an IPO. Your FD money along with savings Ac money is used for that application..

When you get allotment just transfer funds worth the allotment into savings Ac from your another bank so that your FD stays intact and funds are debited from sav Ac.

Hope this helps...

​@Vimal Garodia 

Sir, please confirm one point.
Money will be debited at the time of allotment only so how would we get time to fill the account before it debited?
Am I missing something here?

Thanks,
Gaurav Goyal

​@Vimal Garodia Ji, thank you for all this information.
One more query, is there a time interval between getting the allotment message and money deduction from the account? Will there be enough time to transfer funds after knowing that I have got allotment ?

​@CAGauravGoyal @ZeroMile Yes, right point..

Some banks debit right on allotment day and some the day after, specially in UPI mode.

So this works well when money is debited the next day..

Or you can transfer funds right on allotment day, even before allotment. I know that is cumbersome and not always possible with so many allotments on a single day but then we cannot have everything simply handed to us on a platter, right?

No offense, just a thought!!🙏🙏

​@ZeroMile @CAGauravGoyal To answer to this i always prefer and suggest to use ASBA when using linked FDs, as in that way amount will get debited only in banking hours while allotment is received late evening to night giving us sometime to transfer funds to avoid breaking FD.

No in big share website Nova agri name not showing

Hello Hrishikesh, your understanding is right. This time, most of people are surprised to see such delay with Bigshare. Not sure, if this is because of application volume or something else has caused the delay

Bog share wale apne nears n dears ko de denge fir jo bacha vo bachoka aisa he so it take time na 😅😅

​@M.Patel Gujju Still holding one alloted lot. Added two more.

I am holding 3 lots since ipo. I'll hold for 6 month.

It is more of listing gains candidate.