in comparison to ASBA, UPI has never been very reliable. People use UPI because they believe IPO subscription is only thing needed for the success of the IPO and if subscription is not sufficient in their view they do not approve UPI mandate to force registrar to reject the application.
It is our choice to chose reliability or ability to force-reject the application already made.
My view.....If one is not confident to apply even on last day then it is better to avoid the IPO all together. Suno sabki par Karo sirf apne man ki.
241.1. jstm| Link| Bookmark|
February 18, 2021 2:59:16 AM
IPO Guru (1300+ Posts, 3200+ Likes)
Most of the investors are misusing UPI.They apply in bulk and give mandate later on.SEBI should investigate in this matter.If you notice during the last year RII application increased marginally regardless however be the IPO , good or bad.UPI is just fun for some newbie investors.
A Chinese supplier in Nureca subscribed 166 times in retail and this one only 10. This is a more stable company than when compared to Nureca but will sure not be giving much gains. A GMP of less than 30 is expected until something really drastic happens tomorrow and this IPO becomes subscribed like hell.
Guys, will this company be good to buy and hold for 20 years. Whichever stocks I bought so far are are all went bad (Reliance Infra, Yes Bank, Dainik Jagaran) so just wanted to make sure. I am planning to buy 1000 shares once its listed in the market.
231.1. Paymzia| Link| Bookmark|
February 17, 2021 5:53:19 AM
IPO Guru (2400+ Posts, 4500+ Likes)
Don''t keep all money in one basket , and wait market is high . Consult your broker or do own research .
231.2. Brownsugar| Link| Bookmark|
February 17, 2021 9:17:24 AM
IPO Guru (3100+ Posts, 2800+ Likes)
Yes bank is in good hands but bank nifty is all time high, which will affect the rise in yes bank as well, all though yes bank doesn''t come in bank nifty. Next 6 months will tell the future of yes bank
Pick up shares on the basis of proven track record. Don''t buy just cheap shares. Shares like Bajaj Finance, MRF ,HDFC AMC etc have a long way to go...