I applied through 3rd Party ASBA (Axis) for one lot at 570, and did not get allotment even though the application was accepted and the issue is under subscribed, any idea why?
205.1. lokes| Link| Bookmark|
August 17, 2021 7:52:09 PM
IPO Guru (4400+ Posts, 5100+ Likes)
It may be taken into that it has within it the combo of erstwhile Lafage-holcim (a very distinguished company with famous brands like concreto, duraguard, mastercrete ,psc.....) and Nu vista (Emami cement ). It has huge presence in the eastern, northern and central India. So ,you may say many things against it but you can''t ignore it. I don''t know whether it will give any listing gain but it has a bright prospect in the face of high demand of cement. Cement share prices have gone three to five fold in the last fifteen months.
In 1999, Lafarge the French BMI major entered the India market through its cement business with the Tata steel''s cement business activity. In 2001,it purchased Raymond cement. At that time Lafarge was the largest cement company in the world. In 2008, Lafarge acquired L& T''s RMC business. Such acquisition continued. In 2015, Lafarge was merged with Holcim (a Swiss major ) under the name Lafage-holcim to form a gigantic BMI company in the world. In 2016,the Nirma group bought the Lafarge India assets from L-H for $1.4 billion. It is true that L-H has majority of stake in Ambuja cement which has a large stake in ACC.
So Lafarge and Nuvoco are not directly related (profit of Lafarge won''t be profit of Nuvoco)? In first post you told this companyis combo of both, so curious.
@ new learner Please note that the Holcim acquired the management control of Ambuja cement in the year 2006. At that time ''Lafarge India ''was also in operation. In 2015 , Lafarge was merged with Holcim. In 2016 ,The Nirma group bought the'' Lafarge India '' operation only. So,I have marked it with the word erstwhile. So, it has nothing to do with the Lafarge -Holcim stake in Ambuja cement. If you have opportunity to any Nuvoco cement bag, you will find the logo of Lafarge. THUS LISTING OF NUVOCO MEANS LISTING OF ERSTWHILE LAFARGE INDIA, EMAMI CEMENT AND THE NIRMA''S EXISTING CEMENT BUSINESS. Only problem is that Nirma is not a good named group. Existing situation is indicative of a post listing surprise
IPO Mantra and few people are said Third-party UPI will reject, so I applied this low subscription with 3rd party UPI now allotted, From next onwards, we can use 3rd party UPI, No need to send money to frnd account.
201.4. lokes| Link| Bookmark|
August 17, 2021 5:16:58 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Kumar AP: same UPI cant be used for multiple demats as it will not be accepted, but looks like different UPI can be used for a demat....means third party UPI.... For me , it looks like they can cancel third party UPI also if they want in ipo''s where subscription is very good
201.5. Dr.Bhavy| Link| Bookmark|
August 17, 2021 6:08:23 PM
Top Contributor (200+ Posts, 100+ Likes)
@lokes
My friend always apply for 4 diff.demat account ,only from 1 upi..
Recently he got allotment in Gls , clean in 3rd party account..
And now ,he was alloted 4/4 in cartrade
201.6. lokes| Link| Bookmark|
August 17, 2021 6:29:29 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@bhavy: i have seen comments from people that single upi cant be used for different multiple demat accounts as application was rejected with some reason etc.... but third party upi was allowed but only one time one upi one demat.... now since you are saying that with single upi, you got allotment for differnt demat accounts also then may be they are accepting this... but not sure if they will accept always and for higher subscription ipo''s too...and may be other registrar doesn''t accept since as per sebi rule, its not valid.....so its all upto registrar then
201.7. Scrip| Link| Bookmark|
August 17, 2021 8:07:32 PM
Top Contributor (400+ Posts, 200+ Likes)
Regarding this 3rd UPI there is actually very confusion. If u go through the Do''s and Don''ts in the RHP, it is clearly written that 3rd party UPI application are liable to be rejected. But I have seen in all undersubscribed and fully subscribed IPO like Gland, Sona and Nuvoco, people getting 3rd party UPI.
So just an advice, don''t use 3rd party UPI in IPOs which are highly oversubscribed like route, devyani, etc.
i applied at minimum price but didn''t got allotment. Zero securities alloted. I wanted to ask if retail portion was not fully subscribed then everyone should get allotment in retail section right? Am i missing something. I remember Yes Bank FPO where it was not fully subscribed so got allotment at lower price.
Yes bank FPO was not fully subscribed it was 93% subscribed (7% by consumed by anchor investors). Hence, it was allotted at lower price band. Nuvaco was fully subscribed hence the allotment will be at higher price band. Same was the case with Gland Pharma IPO.
200.4. lokes| Link| Bookmark|
August 17, 2021 6:32:38 PM
IPO Guru (4400+ Posts, 5100+ Likes)
for allotment, subscription level is checked at whole, not just for retail or any category wise...so if overall ipo is subscribed more than one times, then shares will be allotted to only those who applied at higher price band in any category
Okay...so what I understood is the "overall" IPO was over subscribed though retail portion was undersubscribed. Hence allotment was done on cut off price. If Overall IPO was under subscribed then I would have got allotment at minimum price.
I understand a lot of people don''t want allotment in this IPO but I applied through third party ASBA (Axis) Applied for 1 lot at 570 and got no allotment, any reason why? (The application was accepted)
no refund, if you are allotted. now earn or lose from secondary market . you already got shares at 570 price.
198.2. lokes| Link| Bookmark|
August 17, 2021 6:38:30 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@ramsan: ipo is subscribed 1.71 times, its not under-subscribed.....individual category subscription doesn''t matter for price calculation...that is considered only for allotment purpose
After the listing of Windls. Wht will happen in Nuvoco.. any guess how much it will open in discount A. 570 B. 530 C. 500 D. 480 Or for a positive one F. 600
Factors in favour of positive listing: Low Retail and NII subscription leading to low floating stock. Demand from QIB will be more than the supply; sporadic discount will reverse by end of day or in a few days. Be patient and hold; Don''t sell in panic. It is very good share to keep.
Rip to aise likh raha h jaise kisi ne property sell krkr ipo lgaya hua h... Kuch ni hota nuvoco 15-20+ list hoga don''t worry., Positive comment section jyada to negativity faila rakhi h yha logo ne.
Money debited. All the best. Hope to list over Rs.600/-
189. Venkatram| Link| Bookmark|
August 17, 2021 2:56:16 PM
Top Contributor (300+ Posts, 100+ Likes)
Bank debit has started for the firm allotment under retail category. Hold for medium term i.e. Till atleast Oct''21 to see good returns. All the best for the people who have applied.