did some research here, found no major intermediary is providing online facility as of yet, so you have to physically visit to a broker or bank to submit duly filled IPO application form including your UPI ID, then you will receive collect request on your UPI app, currently oly BHIM UPI app is live now. Looks to me tedious process
If a bank does not submit ASBA application made through netbanking to the exchange can investor do anything about it ? What is the procedure for the action ? I applied yesterday but no bid of generated and they are not helping except for asking to call after every 10 to 15 minutes. Bidding time will end soon so what can be done ?
Canara bank. I applied yesterday. Amount blocked no bidding done and today they asked to keep calling and now saying I will get interest if bid is not done. Same happened in metropolis ipo and after lot of follow up they placed bid but today they are not even doing that.
Mostly you should be fine and bid may get placed today EOD or Tomorrow. Just keep evidences like screen shot of amount blocked etc in case you decide to complaint.
If HNI remains below 14x, it is better to apply under HNI than RII. Currently, it is 6x. HNI subscription will shoot in closing hours. If applying IPO through using ASBA, apply before 3 PM (varies with Bank).
HNI have logged into their netbanking after finishing lunch. Their Apps will start reflecting in an hour. So HNI subs will shoot up after 3PM magically.
We are actually used to 2017 insane over subscription of 200 time or even more, note at that time liquidity scenario was better. In 2019 liquidity is bit tight , just see how NBFC s are struggling. Evern though liquidity is improving its not to level of 2017. and most HNI s leverage for IPO
yeah I agree with NDFC liquidity factor, may be you are right, it is more of due to that. Anyway the Company being good on fundamentals and lucrative pricing tempts me to hold it for long term rather than making money on listing day, so HNI subscription doesn't matter much
@MehulStk - RII has more chance. HNI is unpredictable. If HNI gets subscribed 100x then min 15Lac application required to get 1 lot. Higher the subscription number, higher the min bid amount to get 1 lot. And after 3 HNI figure can suddenly shoot up.