Persistent Systems Limited IPO Message Board (Page 23)

Thank you Swati and Madhu for clarifying the ASBA through SBI online.
As I understand, I can apply for my family members (upto 5 persons) through SBI online ASBA. This is really wonderful.
Do I need to register the names of my family and friends to apply on their name?
or I can apply directly on their name.
Thanks again for helping to understand the SBI facility.
The pity is that, these nationalized banks have improved their services after the liberalization, but mostly under-advertised and not understood by people at large.
-Santosh

do not sell the shares allotted to you of persistent system. wait for 2 week to settle its price to Rs. 580/- plus

if you have internet banking actived with sbi account you can apply in asba from any whaere anytime within seconds.no matter which branch you have account.you can have demat with any dp may it be indiainfoline hdfc or share khan
you can apply for upto 5 family members.without breaking fds till allotment why people are not awre of this i wonder

511.swati.
i would like to know whether all branches of sbi have ASBA facility or certain selected branches. please clarify

the asba facilities of kotak mahindra bank and sbi are world class you can apply in asba within 2 seconds that too paperless you dont have to have demat with them this is the beauty of facility even your fds are not broken till shares are alloted this is wonderful initiative by sebi for retail investors

i hav done stop payment so tht some of my frns can hav some chance to get shares.... njy...

509. santhosh.
banks pay interest on the amount blocked on the a/c in applications supported by ASBA. For all purposes, including the minimum balance, the amount blocked is treated at par with any other amount in your a/c. Only thing is that you cannot withdraw it till ASBA is released after allotment.

I know nothing about quickness of sbi in releasing asba.
i am also eager to know about other aspects of SBI asba

gem ipo finder and others,
If any one knows the answers of my queries at 505 & 506, please advise me .
Thanks,
-Santosh

PERSITENT ALLOTMENT MAY BE LIKE THIS RETAIL 1463319+65037 TRF FROM EMO QUATA 30%=1528356...SO OVER SUSCRIPTION IS 20.76. IF YOU CONSIDER ALL PRICE BID ARE UNDER 310 THAN ALLOTMENT RATIO WILL BE 19.08. IF YOU CONSIDER 50-50 THAN RATIO AROUND 80 OUT OF 100. OR OUT OF 5 BIDS 4 WILL BE CONSIDERED. AMT 99200/ I DEDICATE MY STUDY TO DEAR SHREEDHAR WHO INSPIRED FOR THIS. I STUDIED LAST ALLOYMENT OF MAN INFRA. AS PRICE BIDS ARE NOT KNOWN TO US NO BODY CAN GIVE YOU AXACT RATIO. YAM BARODA....

SADIQ BHAI,
IT DOES'T MATTER AT ALL ALL BIDS RECVD AT ANY POINT OF TIME HAVE EQUAL CHANCE OF ALLOTMENT, HERE IS NO FIFO OR LIFO

To Swati,
In continuation with my previous query ...
Technically speaking the money is blocked with the bank, till the allotment happens in case of ASBA application for IPO.
Once the allotment happens, the amount is debited for alloted shares and the rest of the money is unblocked.

In this case, does SBI pays the interest for the money blocked for the duration from the date of applying for the IPO till the allotment of IPO happens ?

If you are using SBI ASBA facility, can you please share how is their service in terms of quickness of unblocking( for ASBA) / refund ( general application) of the amount ?
Thanks in advance,
-Santosh

To Swati,
I have an internet banking with SBI, but do not have demat/trading account with SBI. My trading & demat account is with HDFC.
Can I apply IPO through SBI online (ASBA) ? If so, will my alloted shares come to my HDFC demat account ?
But I see , in SBI online, there is no coloum , where one can put his demat account details . Only PAN number is asked for. So if my understanding is correct, will the Register of issue (IPO) match the PAN number and credit the alloted shares to the one's DEMAT account. What happens if one has multiple demat acocunt?

Thanks,
-Santosh

NDMC ALLOTMENT 25 MARCH

persistent issue list on 600 hundred rs listing time

Mr Arnavk

YOU ARE MOSTLY CORRECT BUT NOT FULLY.
I'll tell you how.

You have allocated the unsubscribed portion from the employee quota back to the employees.
This is not correct.

Whatever the employees have applied they will get in full as they have been subscribed less than one time.

By applying your theory, an employee who has applied for 100 shares will end up getting 110.
This cannot happen.
He will get whatever he applied for which is 100.

So the unsubscribed portion from the employee quota will be added back to the three categories viz QIB, HNI,RII in the same ratio as the original number of shares were allocated for subscription ie 60%,10% and 30%

Reply to 491

Referring to Page 325 first para about Employee quota under subscription and it says "Under subscription, if any, in the Employee Reservation Portion will be added back to the Net Issue" which means that QIB, NII, Retail and Employee should get unsubscribed portion in the ratio of 54,9,27 and 10% respectively.

It means under subscribe portion of 211956 will be distributed like below for additional subscription.

QIB 114456
NII 19076      
Retail 57288      
Employee 21196

Thanks

Dear Patil 500,
the ipo always said to be net after excluding employees portion. so if any part is unsubscribed then total net ipo is increased by including the unsubscribed employees portion and as such the total shares earmarked for RII will also increased. QIB 60%, HNI 10% and RII 30%.

to sadiq 498
what i really meant was online asba facility without having trading accounts?? these banks requires separate trading aaount so that they could charge more.but sbi kotak mahindra provides virtually paperless quick asba facilities.those who dont use this this asba facility are losing take my words

SHREE RENUKA SUGARS

SHREE RENUKA SUGARS alloted Bonus Shares (15 March 2010), I had Demate Account in Sharekhan, but still I not get Bonus shares.

why ?

PLZ ALLOTMENT STATUS OF NMDC IPO