Premier Energies Limited IPO Message Board (Page 28)

​@Jitesh Investor Appears in order. It happens when luck doesn't favour. Check if re-kyc helps.

​@Jitesh Investor Ji Has indusind bank updated minor's PAN. If yes pls let us know the process. I hv visited indusind bank they tell minor PAN can be updated but they don't know the process. Specially for minor.

For almost 1.5- 2 yrs I kept applying 2 bHNI through indusind bank in my family members name, while at the same time for other 3 members used kotak, axis n BOB. Not once did I receive any allotment for any of my applications that were through Indusind apart from Medanta that was undersubscribed, while I kept getting allotted once in a while from all other banks. Finally I stopped using Indusind for IPO n shifted my money to other banks.
So that is my experience of Indusind. I don't know why but for me also indusind never clicked. Sheer bad luck I suppose...cant figure out any other reason...

Indusdind bank users enter the chat
​@Justalearner I use hdfc and sbi and say equal kind of luck

To eliminate doubt, try application in some undersubscribed IPO in retail. Where there is no or negative premium. May be retail.

All your doubt will be clear. 😁😁 At a cost.

​@Sumitwa In main board IPO you have to apply only minimum of BHNI lots. There is no pro-rata allotment in mainboard IPO whereas it is just lottery of all BHNI applications in main board IPO. Pro-rata allotment happens in SME IPO where if a person applies more number of lots, it increases the chances of allotment in pro-rata bases in HNI category.