1. I have an account at TNSC bank but this does not come under the Self-Certified Syndicate Banks (SCSB) offering ASBA facility. Does applying through Gpay UPI hold the amount and lead to a valid application even when the bank doesn't provide this facility? Can I proceed applying, someone help me..
2. Is Groww good for applying IPO. I tried contacting their support multiple times but couldn't get to connect and waited for a long time....
@RInform You checked for ASBA, please check for UPI also. If it is not there for UPI then i do not think it would work. You really would get the answer through their Cus Care..
Lagta h ipo apply krna band krna padega .. aisa ipo jiska gmp 14% h and retail subscription 24times 🤣
64. colcol| Link| Bookmark|
March 6, 2024 11:34:57 AM
Top Contributor (400+ Posts, 100+ Likes)
The valuation is certainly expensive, but I like having the sectoral exposure in my portfolio. Will keep for the long term if allotted. I think it will list slightly above the IPO price, but am prepared for a discount listing.
As per link given on this website GMP of this IPO has fallen to 14 percent. Other 3 IPOs closing today and tomorrow have higher GMP. But GMP is only one criterion. U should consider other criteria also. In SME IPO chance of allotment is less unless you have Rs 20 or 30 Lakh to apply. This IPO is mainboard. Out of other 3 IPOs 2'are are SME
55.1. Redhu Jind| Link| Bookmark|
March 5, 2024 8:32:56 PM
Top Contributor (400+ Posts, 100+ Likes)
i don't think it will impact huge but Lets see.
55.2. Seth.| Link| Bookmark|
March 5, 2024 9:16:27 PM
IPO Guru (1200+ Posts, 600+ Likes)
Yep👍
55.3. Mr. Singh| Link| Bookmark|
March 5, 2024 11:41:03 PM
IPO Guru (1000+ Posts, 600+ Likes)
SEBI should ban other NBFC doing funding for IPO. They take all control using POA and does not seem like individual in whose name IPO is applied is in control but these institutions. They just increase subscription and recover money on listing. Causing disbalance in price discovery in preopen.
55.4. Redhu Jind| Link| Bookmark|
March 6, 2024 7:27:17 AM
Top Contributor (400+ Posts, 100+ Likes)
NBFCs will eventually die a painful death. Yeh market manipulation nahi hai to kya hai. RBI and SEBI should take strict action.
55.6. Rakcyt| Link| Bookmark|
March 6, 2024 10:54:05 AM
IPO Guru (1300+ Posts, 1300+ Likes)
@Seth. It's not just POA apparently what has come out but whole lot what people have been highlighting about Big sharks taking chunk of pie in IPOs while small HNI always doubting allotment process and unfavourable ratio. There has been serious scrutiny underway for long time and slowly actions are being taken . No smoke without fire 🔥