i completely agree with you. QIB gets most of the portion and we HNI left with the Small piece only. QIB quota should decrease to 15% and HNI at 45% and retail 40%. QIB only Decrease the listing price by dumping there shares. I will support you in this if you start any petition, let me know.
Some points I'm watching since this SME Ipos dream run is, People are now shifting to SMEs with Full force due to Better return than mainboard ipos. many HNIs are Very much upset with new rules of mainboard IPOs and they completely shifted to SMEs. 2-BHNI apps in Mainboard ipo losing it's charm. one day time will come, you will find BOA of BHNI is 1 out of 50 and eventually one day 1 out of 100. Bahot paisa hai indians ke pass..
I never alloted with any lots since these new rules were launched In HNI, but i can say one thing for sure Applications in BHNI will increase only.
hello Monster Zero I want to know about buy back of Tanla and Infosys. I have multiple dp ac. Will it be good idea to buy one share (of infy and tanla) in each account only for buy back?
196.1. Finexpert| Link| Bookmark|
October 14, 2022 6:40:33 PM
Top Contributor (400+ Posts, 200+ Likes)
Buy one share of tanla in Each account because of tendor route buyback. No use of buying in infosys as it is open market buyback issues
There is no use in applying 2/2/2/8/8 rather you could apply each one and balance in hni 17+71=88 The chances are high in applying 88& 5 retail. By applying 2 lots you have 0.727(2*200/550times) of a retail. Next time apply hni only if retail is more than hni , that too only in book built issue.
I am sorry if I am rude in telling this but i posted here only to help.
My estimate is only 9/10 people getting allotment at 2 lots
For that 2 lots either consolidate in your main lot Or 1 retail is also better probability wise
192.3. Bhav| Link| Bookmark|
October 14, 2022 5:05:17 PM
Top Contributor (400+ Posts, 100+ Likes)
hi arca,
i Know you are suggesting in my best interest. But there is some thing you should ask before replying like this, what was my reason
As i am NRI, i cant change my fund in NRI and NRO, so 71 lot i applied from NRI funds, rest of funds in NRO.
For 8/8 i applied with my friends in partnership
so only 5 lot fund left in 3 account so i went with 2/2 , i know ratio is better in retail but i never apply in 2lots before so i wanted to experiment and also money was idol in account and no other issue.
Hope you understand my logic for applying like this.
192.4. Bhav| Link| Bookmark|
October 14, 2022 5:11:41 PM
Top Contributor (400+ Posts, 100+ Likes)
prathm in annapurna 23 people got from 3402 application in 2 lots,
and in retail 720/159566
i never get SME in retail so wanted to try new lots and wanted to come in smaller pool,
Election of Gujarat likely between 12th Non.22 and 8th Dec.22. Election Result of both the States likely on 8th Dec.22. Share Market is always influenced by Election Result.
Though the Grey Premium is ranging Between 57-62, But Still it is risky I will sold On Listing Day only if I would have been Allotted, Already High Price Issue
187. svh| Link| Bookmark|
October 14, 2022 5:45:14 PM
IPO Guru (2600+ Posts, 3700+ Likes)
1st experience for Purva to handle such big SME. I think there can be delay in allotment.
You will be put up in a lottery of 2 lot applications .... And if successful you will get 1 lot worth 114000 allotted and the remaining amount will be refunded or unblocked .
In retail: if the application is 100X then u have 1 in 100 chance to get allotment. In HNI: If it's also applied 100X and you apply 2 lots then you have 1 in 50 chance to get allotment
Also to clear your doubt... Main board IPOs have a min allotment of shares worth 2 lacs in HNI category. In SME IPOs it's proportional basis, so unless you have crores of rs. You will get allotment on the basis of lottery and that too only 1 lot of roughly 1 lac+