Protean eGov Technologies Limited IPO Message Board (Page 11)

Fake news

​@Vinaytap Bank and mode of payment?

Aa gaya

Aa gaya

UPI or ASBA?

​@Monster Zero Congratulations 👏🏻👏🏻

UPI.. SBI....

​@Monster Zero Many many congratulations 🎉🎉

Bank doesn't matter
Here luck only matter

@ Paymzia Bank doesn't matter is a Churan they give to non-allottees. I have first hand experience. One would know if bankwise allotment is published. HDFC Bank applicant's application goes through HDFC Securities which is a different entity and they obviously won't care about those who aren't their clients.

Now from which bank you are going to apply ?
Anyone from HDFC bank getting ipos ?

Canara bank. They release the hold on time and allotment chances too are higher.

Mujhe mile they 2 ipo Hdfc asba se Sep or July mei ... Uske baad se koi nhi mil raha 😓

No allotment since last 3-4 IPOs through AXIS ASBA also. Don't know whether bank really does not matter.

In case of lottery based allotment - the draw happens on the Application Number that is allocated to any successful bid placed by any broking entity via the exchange (NSE or BSE) so it has realistically nothing to do with your broker or ASBA/UPI, it's all luck. Due to high levels of subscription getting allotment in good IPO is very tough. Yes in case of UPI the release of funds is quicker compared to Bank ASBA which may depend on individual bank

@Stock Trek. There is a unique methodology while assigning application numbers. And there is nothing in common between application numbers generated while applying through different banks. And that makes the applications lodged through a certain bank identifiable. For eg: Canada applications begin with CNRB while HDFC has a different prefix. So how difficult it is for a program to limit a certain type of applications?
This is akin to students being allowed to write their names on the examination paper instead of an unidentifiable hall ticket number.

Seems Valid point. My allotment ratio from Kotak ASBA is almost below 1% even if applying big. I need to think on this . Another account I apply with SBI ASBA is getting more success even in SME I got 3-4.

Are we comparing bank with pitch on which particular cricket match is played ... Sound as ridiculous as Pakis giving reasons on loss of thier team in WC. Whatever ways you do analysis the ratio will be same unless you devise different ways to apply ie , BHNI when subscription is low or shni or retail as appropriately as far possible .....but still chances may increase but no confirmed security of allotment .

havent recieved any single retail allotment using HDFC Securities Account via ASBA and that too with self bank account.
Applied like 10+ IPO

​@Nothing New there are two application number generated. One is at bank level and 2nd one is at exchange level. And allotment happens on exchange level application id.

There is no role of banks. but registrar can play a crucial role to rigged off the allotment process. so it is better to find setting in registrar office instead of changing bank.

I got 2 allotments by using hdfc net banking and prostock as a broker.

​@Ankur Goel 
You are saying absolutely RIGHT...👌

Received multiple retail IPOs from HDFC Asba with zerodha. Last year I was applying via IDFC Asba and never got any allotment in good Retail IPOs..

To me it seems allotment is not totally fair. Even if IPO is highly oversubscribed I get allotment if market conditions deteriorate after submitting application. For example SBI card and IRM ENERGY. I don't get allotment in such IPO s which list at high premium ie high profit. SBI ASBA

yeah true my fathers acc is in canara and i have in hdfc i have been never alloted once thru hdfc but my father has been getting allotments in very well oversubcribed issues

​@VANSH PATEL i never got anything applied 27 IPOs not even i single allotment thru HDFC asba including applying in retail HNI and SMEs

I would like to properly answer it so such lottery question doesn't come from anyone.

Had you applied Sai Silks IPO (retail)? If no then you should have applied. If yes then you must have allotted.

I hv seven accounts in ICICI HDFC Zerodha etc. I have collated allottment data for 100+ issues. From this data, allottment process doesn't seem 100% fair. 

BHNI app in mainline IPOs is where most manipulation might be happening. Possibly because everyone applies exact same number of lots (either SHNI or BHNI). So it's easier for them to allot only to setting cases.

In SMEs I have got allottments for round lot sizes 25-30 etc.
Even some retail and low number lot applications (eg 3 or 7) have also received allotments in good sme IPOs. Of course, this happens very rarely. 

I have also observed that sr female accounts get more allotments. Now this may just be pure coincidence. But there is stark difference in number of allottments.

A non sr male account almost never gets allotment(except when subscription levels are poor). I am planning to do cvl kra and open a new account for him.

Btw, accounts where I get allottedost are ABSA with Zerodha. So bank doesn't seem to have any play.

Overall, there may be many factors at play here. If someone works for registrar or SEBI, can they pls throw more light ?

@Krishna T ✨ But repeated and multiple lot allotments to a particular set of people and no allotment IPO after IPO for the rest is what stumps all logic. It's inexplicable how my multiple retail applications (using different DEMAT IDs) even in a thinly subscribed issue like Bluejet can remain unallotted while others could be seen getting 2/2 and 3/4. There is certainly something very seriously wrong somewhere.

And let's not be naive to believe that the game is not rigged (atleast partially) . Grey deals won't happen without some kind of assuarnce from the people involved in the process. No?

Wese to me bhi axis asba se apply krta hu broker upstox hai ....to axis vale esa sochte honge ki axis securities demat se kyu nhi krta

Yes pyjama is righr!

I got BLUE JET...CELLO.. HONASA from HDFC ASBA... In 2 acs

It's total lottery... No bank problem..

We should just confirm correct bidding
👍

@Jay revapuri dada Axis ASBA ki application Axis securities ke through lodge hoti hai? Aur yaha baat HDFC ki hai. Mai aur mere rishtedaar aur bhi bank ki services use karte hai. Par HDFC mujhe shak HDFC par hi hai.

@ Just For IPO🎁 This is exactly what I have been reffering to. A few get repeat allotments IPO after IPO, while for some it's routine to get zilch consecutively. There's enough room to believe that some kind of cause effect is working here as the luck can't consistently favour a few.

This discussion mostly talks about non-allotment and there is no end to this. We are feeling sad too when someone says I applied X application but got 0 but we should be practical.

Here is my suggestion, clear views and concrete action items if you have courage to apply it:

1. IPO allotment is purely based on luck except firm allotment (for e.g. Mankind, Sai Silks) where subscription was less than 1%. Nobody answered to above post, did you apply Sai Silks and not allotted?
2. Probability increases if number of applications (not lot) meets with number of times subscription but there is no guarantee. For e.g. 5 times subscription and you applied 5 application (not lot).
3. On an average, if you are applying 1-2 application for 20 times subscription then you should better look for secondary market OR buy good stock on listing to avoid constant non-allotment disappointments. You can always make more money in secondary market than primary market/IPO.
4. People who got 2/2 are lucky than us, you may get 0/10 as well. Sometime in SME, people who applied 1 application gets allotment even though subscription is 1000 times. Our 100 application may get 0.
5. Gender, application timing, UPI/ASBA, bank, demat, some demat constantly gets allotment and some of them never etc...- please well understand everything is luck only!
6. LinkInTime, kFin, Purva, Skyline - all registrar have different software, particular logic for random selection according to subscription times.
7. Anything else like setting n all are out of control for us!

Again, go for secondary market for n number of opportunities if you are playing with 1-2 demat and trying your luck for 10+ times subscription in worst case.

Let's don't extend this luck based topic. I hope you understand it and above example is for retail.

I have 6 accounts with HDFC and applying ASBA from all. Always getting allotment in BHni. You name it, i got it: Ideaforge, netweb, sbfc, cello, jsw, ratnaveer, rishabh, Jupiter etc etc. Bank not to blame, need to apply from multiple accounts to increase chances of allotment.

Hi @Elnino  You will be offered shares at whatever price company finalise out of given price band if you select cut off.. else if price selected is different from finalised you will not get the shares.

BTW did you select our name as Elnino based on weather forecast like what we see in the market 😁

Price bid means you can bid any price between the price band and if you select cut off than highest price of the price band is taken by default.