I haven't seen much comments regarding this one Subscription figures would play an important role in this IPO... Wait and watch until 3rd day then decide
96. P M| Link| Bookmark|
December 17, 2019 8:39:07 PM
(1100+ Posts, 1100+ Likes)
Anchor Investors
OMAN INDIA JOINT INVESTMENT FUND II HDFC TRUSTEE COMPANY LTD. A/C HDFC FOCUSED 30 FUND HDFC TRUSTEE COMPANY LTD A/C - HDFC CHILDREN'S GIFT FUND - INVESTMENT PLAN HDFC TRUSTEE COMPANY LIMITED - HDFC INFRASTRUCTURE FUND ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C AD[TYA BERLA SUN LIFE SMALL CAP FUND ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C AD[TYA B1RLA SUN LIFE INDIA GENNEXT FUND SBI LIFE INSURANCE CO. LTD HDFC LIFE INSURANCE COMPANY LIMITED MIRAE ASSET MIDCAP FUND MIRAE ASSET GREAT CONSUMER FUND TATA VALUE FUND SERIES TATA VALUE FUND SERIES NEW MARK CAPITAL INDIA FUND
Parag Jayant Chheda and Vipul Jayant Chheda are two sons of Jayant Shamji Chheda while Heena Parag Chheda, the Vice President - Finance of company, is wife of Parag Jayant Chheda.
It's a family business of Chheda and sons. Research well before investing in this IPO
A totally unrelated discussion, but not sure where to post it....
My friend opened a HDFC securities account on her name and I operated the account and invested my money and bought shares as I was in USA and could not open a trading account.[This was around 5 years ago]
But, recently on my India Visit, I opened an AXIS securities account and now i have my own Demat/PAN/Trading/Saving Accounts in AXIS.
My question is, Is there a way I can transfer those shares on my friends name on to my name and into my account without she selling them in the market as I cant buy those same shares at the same price. She will agree for the share transfers on to my account.
So, From HDFC to Axis , from person A to Person B, is the transfer of shares i.e. only onwership transfer without selling the shares.....IS IT POSSIBLE?
Thanks for the reply.
Experts like Smart/Sonal Patel......can u please reply ....
She can transfer all scripts in her name to your account by giving off market delivery instructions slip to her dp. Only minimum charge to each script. No need to sell by her. No need to buy shares by you.. OFF MARKET TRADE DELIVERY INSTRUCTIONS SLIP IS ENOUGH. PLEASE GIVE REQUESTITION FOR DELIVERY INSTRUCTIONS BOOK TO HER DP. AFTER RECEIVING GIVE OFF MARKET TRADE. FIRST CONTACT THE DP BROKER
Now a days income tax department is very much alert for off market transactions. You and your friend may fetch IT Notice from department in future. Better your friend sell the shares in open market and you purchase the same from open market. It will safeguard you from future income tax notice. Technically your friend may transfer shares in your name by giving instructions to her DP and it will be executed. But I will suggest you to avoid this route
90.3. DownriteVJ| Link| Bookmark|
December 16, 2019 9:55:46 AM
IPO Guru (1400+ Posts, 1200+ Likes)
You can do it by doing a off market transfer (get this slip). As a part of reason you can specify GIFT. Then you will have no issues in the future as well.
In case you transfer in off market mode to your account it would be consider as gift & gifts are taxable .. Hence my advice would be to sell shares in your friends demat account and than purchase in your account .Now if the amount is huge than you may think of just keeping the shares in his account and than wait till ,when you actually want to sell, and than settle your transactions un officially through cash
Chintuankith, If the value of shares is below 50,000 go for off-market via DIS. If the value exceeds rs 50,000, you will be liable to pay taxes as any gift above 50,000 from non relative is taxable in the hands of receiver, then,Person A sell, person B buy wil be a better option
thanks everyone for the reply. I am really grateful for all the replies.
@IPO Tracker, "Person A sell, person B buy wil be a better option " What exactly is this? Do u mean, she can directly sell to me in the market? I am not really aware of such arrangements available. If She can directly sell to me on a person basis, then its good rite. I am ready to pay the taxes if taken the GIFT route..
Dear Chintuankith, Person A sell & B buy both in open market. No direct selling facility as in vegetable market available in share market, it's ocean of buyers and sellers. If ready to pay taxes on GIFT route, go for that, you will save brokerage charges. If ready to pay tax, then why worry about the IT notices ??
90.8. P Patel| Link| Bookmark|
December 17, 2019 6:14:55 PM
IPO Mentor (900+ Posts, 900+ Likes)
@chintuankith - There is another way... You can ask your friend to sell in market and same time you can buy from the market. Your friend will receive the selling amount at the end of settlement in her account from exchange and you have to pay almost same amount to exchange at the end of settlement. Now you can ask your friend to transfer the amount ( difference of original purchase and sale amount ) into your account.
This way you will get all shares in your account with almost similar prices.
Ye mittal yaya sabko ipo ke bare main negative bata raha hain aur khud apply karega ... Baki kisiko ek ipo ke bare main itna negative nahi dekha. Kuch to golmal hain.
88. MITTAL| Link| Bookmark|
December 17, 2019 10:54:21 AM
IPO Mentor (700+ Posts, 1200+ Likes)
Tinkerbell 22.2. Tinkerbell Dec 12, 2019 20:38 I Like It. 4 | Report Abuse IPO Mentor IPO Mentor (600+ Posts, 1400+ Likes) मित्तल जी Pre-IPO Placement: 6,000,000 equity shares (aggregating up to Rs 120 crore) है तो प्राइस तो 200/- रूपए से कम होना मुश्किल दीखता है।
ध्यान दिजिए यह Pre-Placement की आंकड़ा भी बदल गया है । 56,65,000 शेयर 106.18 लाख रुपये । मुझे लग रहा सब गोल माल है भाई सब गोल माल है। या तो हीरो या जीरो
Please guide me, I have 5bank account and 5 demat account in the name of my family members and HUF. all demat account and bank account is map on my telephone No.
Can I apply in all 5 account through UPI by one telephone No.