Septa, don''t mistake me.. still I couldn''t get how each of you guys talking about different no of applications? Is it like each one of the family has unique PAN and DEMAT account? if yes even in a single account how can you submit 5 application? at different bid price? please clarify me..
764.2. Septa| Link| Bookmark|
February 5, 2016 11:45:22 AM
(4000+ Posts, 4600+ Likes)
I do not abt others so cannot comment on them I have 8 family individuals tax assess each with there own pan and Dp and bank account which I for IPO
I always bid at cut off price
With regards to 5 applications from one account is from bank account is only for funds for Asba
Warren buffet says that if u understand business model dont track stock everyday. I would still say precision is better than teamlease in long term. Precision being market leader and have ahown excellent results and profits. I was impressed with its owner interview. Cant say anythi
Those who said that Narayana will list at discount and made same kind of panic and confusion and resulted in loss to investors. Same thing repeated now in Precision Camshaft IPO and Teamlease. Understand that these are unique tested profitable businesses running for more than 25 years & 15 years respectively. News is confirmed that listing is above Rs.220/- and can go upto Rs.250/-, dont get fooled by Grey market premium. See where is Navkar, Shree puskar and Kelkar is. I applied in also these IPO''s under HNI and made excellent profits.
On T+5 day, the registrar will receive confirmation of demat credit from depositories. The registrar along with issuer would then file confirmation of demat credit, lock-in and issuance of instructions to unblock ASBA funds with the stock exchanges. The issuer would then apply to the stock exchanges for permission to list and trade its securities.
On receipt of permission to list and trade from exchanges, the issuer along with the merchant banker and registrar has to issue an advertisement on allotment and date of commencement of trading in all newspapers which carried the advertisements related to issue opening/ closing.
Stock exchanges have to issue trading notice.
On T+6 day, the stock lists and trading commences. Six days for listing means six working days and excludes Sundays and bank holidays.
(This article was published on November 10, 2015) RELATED NEWS SEBI halves IPO listing timeline to 6 days from Jan 2016
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inShare 1 On T+5 day, the registrar will receive confirmation of demat credit from depositories. The registrar along with issuer would then file confirmation of demat credit, lock-in and issuance of instructions to unblock ASBA funds with the stock exchanges. The issuer would then apply to the stock exchanges for permission to list and trade its securities.
On receipt of permission to list and trade from exchanges, the issuer along with the merchant banker and registrar has to issue an advertisement on allotment and date of commencement of trading in all newspapers which carried the advertisements related to issue opening/ closing.
Stock exchanges have to issue trading notice.
On T+6 day, the stock lists and trading commences. Six days for listing means six working days and excludes Sundays and bank holidays.
(This article was published on November 10, 2015) RELATED NEWS
I think everybody is confused now after seen allotment status, even i have not alloted shares. But by looking at quality of company interms of profitability, MNCs presence and good rating given by capital market if it will go in discount there is an excellent chance to buy it for sure.
753. Eagleye| Link| Bookmark|
February 4, 2016 6:24:09 PM
IPO Guru (6600+ Posts, 21900+ Likes)
To check status of Allotment one need to go to site of Registrar of the issue.In this case it was intime . Visit IPO status .One should be ready with Appln No. or PAN number and give input
Can anybody please explain how allotment is decided. RII = 2.0 times So If i applied for 320 shares (4 lots) then I should get 160 shares at minimum. But allotted only 80 shares.
Dear Keshar, I was also not clear until a friend in this forum clarified it.Actually the rule has changed.Now first priority is to allocate one lot to every applicant.If no of application is very high then its not possible to allocate one lot to everybody. So it will go to lottery. Here every body gets equal chance irrespective of the quantity applied.So always apply for 1 lot in case of over subscription. Hope it clears ur doubt.
Thanks for reply .Shall try to understand.. If shares are subscribed 2 times then number of application should lower( in this case 2 times shares qty / 80 application.) I am missing the catch it seems.