Punjab & Sind Bank IPO Message Board (Page 35)

563. MOTA BHAI
sorry i am busy that day so i can't answer ur qustion .
if u interested for future IPO then my company provide IPO FUNDING.

NOTE= we are provide GROUP IPO FUNDING in retail MINIMUM 5 A/C , interest 16.5% to 20% range ,IPO margin 5% , LOAN A/C & DP A/C opening charge Rs= 500 per A/C 1 ST YEAR DP AMC WAIVER FOR U .

in response to 687 investor investor,

in no circumstances they should debit yr a/c before allotment of shares, if u have made asba application. did u fill up asba form or retail form? it seems there is some misunderstanding. if the amount is deducted as in the case of application other than asba method u should get refund in your bank account.

km patel

we should not criticize bhave for increasing the retail limit , in his tenure he gives the wonderful,investor friendly "ASBA".we should be greatful to him which makes IPO very simple,attractive

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lnt ka ipo coming, get ready...............

IPO ADDICT , thanks 4 reply...but one more query....in online sbi overdraft amt is shown in the field of mob balance..it is correct?

kya bhai log bole to ye to batao ki p&s bank per kya premium chal raha h? bole to kitne per list ho sakta h? koi confirm si news hi dena.

amit nsd

Santosh

Usually 85% of fd amount is given as overdraft limit and interest charged is 2% more than fd interest. See replies to stiffknot for details

Santosh

usually u get 85% of ur fd amount as overdraft limit..... interest charged is 2 % above fd interest rate ..... see replies to stiffknot for how asba thru overdraft a/c works

IPO ADDICT, HOW MUCH FD REQUIRED FOR A 2LAK APPLICATION....CHARGABLE INT RATE ?

Re SANTOSH
You will have to pledge your SBI FD and open an overdraft a/c with net banking facilities and then apply in ASBA thru that a/c online

I have applied for Punjab & Sindh Bank IPO using the HDFC Securities account, for 300 shares at the full price of 120/-

But today when I checked my bank balance, I see that 36000 is debited from my account for this IPO Application.

Can someone tell if this is the process? I believe ASBA should hold the money in your bank account and the money should be only debited upon the allocation of shares.

Do you know how I would get the refund money for the unallotted shares? whether it will be a refund cheque or direct deposit into my hdfc bank account

Thanks

anyone hv ONLINE SBI FIXED DEPOSIT A/C WITH OVERDRAFT FACILITY....PLEASE PROVIDE ME DETAILS

Dear Prasanna,

Increasing the retailers' limit from 1 lakh to 2 lakhs is not at all favouring the retailers. It is only helping the HNI to enter into the retailers' quota. Most of the retailers do not have 2 lakhs and they are struggling to get allotment in IPO while applying with the lesser amount.

What is your opinion and advice regarding this matter?

Can you please highlight this depression among the retail investors in the leading News Papers and the finance journals.

Or if you can move with SEBI, please express our views to them.

Otherwise lot of retailers will be out of IPO.

Thanks and Regards
Subramanian
December 17, 2010 10:41 PM

K. A . PRASANNA said...
First Choice IPO had already made representation to the SEBI for reduction in limit to Rs 1 lac. You are right, HNIs are cornering the the retail quota. Let see what SEBI do. We have also suggested to increase the retail quota to 60%, from the present 35%.

December 18, 2010 8:46 AM
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Dear All,

Please try all the sources at your level best to bring this issue to the knowledge of SEBI.

Thanks and Regards
Subramanian

Dears,

allotment on 27th?

for 600 shares, chances are 50 or 100?

@682 IPO ADDICT, thx for the clarification... I visited the nearby Kotak Bank branch and they were not such helpful in clarifying this to me. I will try this option in future IPOs

Stiffknot

With re to ur query u will be charged interest on 10000 for the no of days that it is deducted and till u deposit 10000 in the account for eg. if issue closes on 1st .... you apply 200000 on 1st.... on 10 th allotment done and 10000 deducted ...... if u deposit 10000 before 10th or on 10th --- no interest charged..... interest will start from 11th till u deposit 10000... if u deposit 5000 on 15th and 5000 on 20th then interest for 5 days on 10000;;; interest for 5 days on 5000

Dear SS SS
Do no ever think that the price is control by the SEBI.
It is not SEBI's business.
It is between you(Bidder) and the company to decide what price you agree.
It is just like selling of a product to buyer(Bidder). Here in IPO business buyer is least known about the company while the seller(Company) knows everything. SEBI’s business is to make the seller everything public before selling the product but not the price

Anyone please provide your view / analysis on LIC
I have LIC @ 1060 - Shall i wait or exit with loss?

Dear Gem/IPO Finder,
Alloted 44 shares in Claris.Should I sell in first 10 minutes or wait for some time.