Please advise...if we use all BHNI funds here than funds wont be available tomorrow for making BHNI application is ECOS..i guess allotment will be easier in ecos as most bhni funds will get blocked here alongwith some sme. Doesnt is make sense to apply retail here and go for BHNI in ECOS as probabilty of allotment will be more there. I may be wrong. Please advice.
@IPO Investor Delhi It looks that way, but its a small size IPO compared to Premier, it should also get subscribed well. Also I dont think, there is shortage of fun the current market. Since GMP will be high, it will also have good subs
291. MKS IND IPO| Link| Bookmark|
August 29, 2024 12:00:37 PM
Top Contributor (300+ Posts, 100+ Likes)
Fired 3 Retails. Fingres crossed to see it fires back or joom-in to the lucky group of allottees ✌️
It depends on how many Acs you have to apply and the oversubscribtion in different categories..
290.3. Iranna| Link| Bookmark|
August 29, 2024 12:05:14 PM
Top Contributor (300+ Posts, 200+ Likes)
@Caesar If you have capital of 50L for IPO would recommend, to apply from multiple family ac in BHNI min lot of 10L each. This will give you maximum chance of allotment - the reason being in oversubscribed mainboard IPOs allotment happens via lottery, minimum lot applications of 10L each have higher probability of allotment rather than one application of 50L during such lottery.
If in doubt whether to cancel the application then go for UPI as you will get time to check the reviews. If going for sure then go for netbanking as in UPI sometime mandate doesnt come on time,, so we cancel and apply again to get new mandate...its creates bit issue.
288.2. Chhote Lal| Link| Bookmark|
August 29, 2024 11:58:20 AM
IPO Mentor (6100+ Posts, 4600+ Likes)
@IPO GANG ASBA is always preferred. Here are advantages over UPI : - No waiting for mandates to be approved - One can apply higher amounts too (UPI limit is Rs 5L) - Some DPs (like UPSTOX) do not allow amount exceeding Rs 2L (as required for sHNI) to be applied using UPI
Urgent assistance needed! I applied for an HNI IPO through HDFC Netbanking, but I entered an incorrect Demat account number. The 'Modify' option is not working. Please help me understand how to correct or modify the Demat account number for my HNI IPO application."
281. Som mca| Link| Bookmark|
August 29, 2024 10:57:43 AM
Top Contributor (300+ Posts, 200+ Likes)
There are many new member here, come with heavy fund for HNI application and quick profit. First apply with retail lot and increse your expertise, then go for HNI. If IPO allotment that much of easy then, business man not do business for 2-4% return in a month, all invest their money to IPO and earn 40-100% withing few days. Its an eye opener, new commers also be matured after some month, when see your total fund appriciation through IPO. Its less than bank FD, most of the cases.
Premier subscription numbers are going to be a surprise for many. I am amazed how people are failing to see what's happening due to easy liquidity. Expected BHNI numbers will easily be more than 80 times and in best case scenario might even cross 100 times !!!!
70% people apply within 2 days in BHNI quota...due to availability of funds and good gmp ipo so its not possible mex to mex 55X subscription in BHNI AND 70x in shni
Is there is different probability for allotment if I apply in Bhni category for 10 L and 50 L? or will it be same in case of mainline IPO?
276.1. Chhote Lal| Link| Bookmark|
August 29, 2024 1:48:35 AM
IPO Mentor (6100+ Posts, 4600+ Likes)
Same. Higher odd lots sometimes are excluded from lottery if there are not sufficient applications. In oversubscribed scenario, best way us to bid for mon lot and better still min lot from multiple accounts.
276.2. Iranna| Link| Bookmark|
August 29, 2024 12:01:23 PM
Top Contributor (300+ Posts, 200+ Likes)
@Vdc If you have capital of 50L for IPO would recommend as @Chhote Lal ji mentioned, to apply from multiple family ac in BHNI min lot of 10L each.
The reason being in oversubscribed mainboard IPOs allotment happens via lottery, minimum lot applications of 10L each have higher probability of allotment rather than one application of 50L