Premier Energies Limited IPO Message Board (Page 52)

Retail

Allocate 25% of your total funds to ECOS and 75% to Premier Energy, based on the likelihood of allotment. - Just a suggestion

​@Dukes If funds is not a constraint, why not both. Though allotment is going to be tough everywhere.
Good Luck 🍀

​@Chhote Lal It ( fund) is the constraint sir. Can go in bhni with multiple applications in both

So what should be the strategy in this case as per your view pls

Please read can't

​@Dukes Premier appears to be better bet at the moment. Anyways, its one's personal call. If must select only one between two and are confused - how about flipping a coin 😊

​@Crow sir, SHNI allotment process works same as retail allotment process , the difference being the applied and alloted amount of course. Taking example of a recent ipo Interach Building -
Total HNI shares offered in Interach = 14.94% of issue size
SHNI (in which you want to apply) shares offered = 4.98% from 14.94% (i.e absolute terms)
Theoretically in any mainboard ipo SHNI is the category with least shares offered.
Coming back to premier energies , we have same allocation as interach in shni category here. You'll have to apply minimum of INR 207900 worth of shares to be elegible for SHNI and if you get alloted , you'll get shares worth the same amount. Like in retail , no point of applying more than minimum required lots in oversubscribed ipo. You can apply HNI bid from UPI or ASBA as suitable. DO NOT select cut off option while applying in HNI , enter upper price band rate manually in your application. Hope it helps.

In view of Orient Tech recently listed.

SHNI got oversubscription by 240 times. So, roughly 1 out of 240 is allotted. Application wise its around 227 times but this is known only after the BoA.

Base SHNI application has enough applicants to get into lottery. And its pure luck there.

But as and when the lots are increased from base SHNI, so as to get confirmed allotment, the number of applicants in that particular lot category should be 0.5x of 227 times, i.e. close to 113 applicants in a particular lot category to qualify for lottery and get confirmed allotment.

For eg. in Orient Tech BoA, the lot category of 3600 shares in SHNI missed out since only 105 applicants were present and hence it couldn't qualify for lottery so no allotment.

Hope it helps !! @Crow

Hi @Manan Suranaji, in that case, it looks like retail may be better in most cases. Assuming SHNI is subscribed by 20 times, one has to make at least 20 applications to get near-confirmed allotment, right? Of course, BoA will matter.

Hi @MuStrFcji, I'm a bit confused about the base SHNI thing. I checked Orient Tech's BoA and I see the 3,600 category. But it went over my head. ELI5, please?

Base SHNI is the minimum number of shares that takes the bid amount above 2 lakhs, in Orient Tech IPO it was 1008 shares at Rs 206 each, i.e. ₹ 2,07,648.
Since this category had more than 1 lakh applicants, allotment was done for this lot category.

And for applicants bidding 3600 shares
i.e. around 7 lakhs bid were only 105 in number, less than 50,% or 113, hence it didn't qualify for lottery and no applicant in this category received allotment
​@Crow

Clear now, thanks @MuStrFc. In short, it's very difficult to predict what category go go eith in HNI. Rather go with retail only.

​@Crow no, it is not difficult, always go for the minimum lots in the particular category and forget about the calculations.

​@Hawa ho gya How i can get 40 pan card

Same Question @Hawa ho gya How to get 40 pan card and management

Even if you apply 300 lots or 3000. This logic doesn't apply on mainboard IPOs.

​@RAJESH NAGARIA Allotment ratio is same even if you apply minimum or maximum in that category..

More lots, more chances works for SME IPOs, not here..

So always apply minimum in that category in mainboard IPOs..

All the best..

In my views ratio changes with application size. In retail ratio is same for all but in shni/bhni application, chances of allotment improves with higher application size. You can check previous IPO'S basis of allotment

​@RAJESH NAGARIA You are partly correct.
Because on the flip side, if you go for a higher lot (assuming you are applying from multiple demats), lets say 95 lot category, then the number of applications will be much less compared to base lot and chances of only 1 lot allocation for entire lot category is high, there by limiting your chances of not more than 1 lot.

Higher lot is only suggested when you almost pretty sure the chances are very grim..like bHNI above 300 times subscription and also its beneficial if you are applying from multiple demats.

What are the chances if we apply for 337 lots i.e. for Rs. 50.05 lacs.

incase you have multiple accounts of more than 5-6 and if you can apply HNI in all accounts with the fd breaked amount , then ok ...
but if you have only one account and u r going to break fd then a strict no from my side ... let u happily earn 7.3%

buddy, allotment is tough in bhni and shni, imagine the case where you break fd and you been not alloted, then what? Its better to think of other options.
anyways its your call.

One word No
Dont break fd for ipo which is lottery.

If you are having multiple accounts and after breaking FD you will ve able to apply in bhni in premier energy in all accounts, then it's look worth to break. Dont worth for ecos mobility.

Dont worth for shni.

Expert can correct if i am wrong.

Bhai.. Kon sa upi registered kar rahe ho aap.. Agar bhim kar rahe ho.. to ussey chod kar Phonepe ya Gpay application download karke uspar upi id banao..
And jo sim bank a/c se linked hai.. Vo agar mobile mai 2nd slot par hai to Usse mobile ke 1st sim wale slot mai daalkar .. try karo..!!

​@diwan kapoor One like from me 👍

​@Only Listing gain if you have internet banking of SBI then go to credit card /debit card option , in that option generate virtual debit card and try to register in UPI app through that Virtual Debit card , it will work .

Sbi me 2 jagah pe mobile number registration hoti hai. I faced this as well, wasn't getting OTP for debit card txns, but was getting for in-app txns and then I realised that they forgot to put country code in the second registration so I went to the bank asked them to register with indian country code which is +91 and then everything got fine. The lady also thanked me saying I have found solution for this problem, many of her customers has faced this but they couldn't find out what's the issue. This speaks a lot about the bank though! 🤣

​@diwan kapoor Sir sabhi Paytm phone pe spi bhim sab try Kiya and sim bhi slot 1 me hai no bank account found btata hai jabki same number se par otp and transaction sms aate hai

​@HumorHedge Sir branch me sabhi bank staff ne check kar liya bol rahe hai bank server se koi problem hoga yha mobile number registered hai

​@Only Listing gain Bhai.. aapki samasya to badi ajeeb hai.. Phir Kisi mobile expert se advice lo.. Bank ka role to mujhe nahi lagta ismai.. !!

70 times bHNI for Tata tech and you need to remember there was another big 2k IPO on the same Date which was IREDA and I remember another 500 cr IPO was als there (do not remember the name).

Also, over the last 8 months the craze for IPOs has only gone up. So considering these factors, anything less than 70 times in Premier energies ... I would be surprised ...but happily surprised :-)

Tata teach is 1500k ipo and if u talking about ireda its premium at that time 10 % nobody wants to apply

​@Jay revapuri dada Get the number right buddy.

Tata Technologies IPO is a book built issue of Rs 3,042.51 crores

IREDA IPO is a book built issue of Rs 2,150.21 crores. This got 27 times subscribed in bHNI.

And then the third one was Gandhar Oil - 500 crore IPO. This got subscribed 61 times in bHNI

What matters is how much of bHNI money went into all three...which is close to 28k crore.

Not saying the amount should match now, but only saying there is quite a bit of liquidity in the market comapred to 8 months back to push Premier energies to 70+ times bHNI. If it stays below 70 times then I will be very happy as I apply in bHNI but the possibility looks grim.

​@Esparando 
Yes u r true...by mistake i opened tbo tek page ..
Bhni will be subscription as per view 55x maximum...else god's know what will right figures

it could be applicable as general now but tata tech had laods & laods... of craze as i remember hence subscription was very high

​@IpoGPT I agree ... TATA brand is altogether at a different level compared to this IPO so yeah, need to see if the huge liquidity in the current market will balance that out.

50 times bHNI is very very optimistic case and if that happens then its a good prospect. Which kind of means 10% chance of getting 1 lot.

I am seeing it no lesser than 70 times.

​@Esparando is there any benefit if i apply for 69 lot BHNI application, rather than minimum 68 lot application?
will allotment chance increase or it will not even considered in lottery as there will be less number of such application?

50x in BHNI seems quite possible in view of the 20x subscription on Day 2. Subscription figure tomorrow is sure to surprise everyone.

Oh was it an issue for all? I thought only i was facing it. Not tried today.

​@MVP  , I missed few SMEs in this last week due to continuous failure of Indusind bank UPI & HNI application can't be cancelled. Receiving late OTP in ASBA also when 45 seconds became zero.

Let's be in touch with each other and update it if UPI service is going to resume shortly. Branch manager is totally unaware about it.

Yes sir
Resolved
Now working fine

How is indusind bank asba experience, i am planning to open account, please share

​@Nirala  , Thanks a lot for your reply
​@Tindu Mindu  , It's ok type. Not great.