I have an unrelated query, Varun Beverages has announced bonus shares, as iam new to the market and I thus want to know: Will the record date which will be announced after the shareholders vote ending on 29 May. Be a future date or will it be a date that has already gone.... What is the general practice on it??? BTW the bonus announcement came out yesterday.
Going forward Small HNI will become another retail category where folks would apply through multiple accounts for just 1 lot , same here just for 14 lots, thus it is an extension of RII, where as BigHNI may not be oversubscribed by application wise as minimum amount is 10 Lakh, the way one can apply in RII for 13 lots through 13 applications with meagre 2 lakh, here they would need minimum 1.4 Crore for firm allotment at least in one application
Already seeing some momentum in QIB , especially FII Expecting 15X + on QIB Employee quota might be undersubscribed,
116.8. sdz| Link| Bookmark|
April 29, 2022 3:32:14 PM
IPO Guru (1200+ Posts, 500+ Likes)
Applied in retail too from same demat Ac with the same PAN of BHNI that i applied yesterday from different broker. Hope both applications will get cancelled as i dont want 12lk allotment and hope they wont allot in both 🤣
@sdz, 🤣🤣🤣 (good come back) yes, both will be rejected (I hope you made a conscious & right decision of cancelling 10 L allotment) Good luck for small Hni (you should be lucky to get that 😜)
Thanks
116.10. sdz| Link| Bookmark|
April 29, 2022 3:57:09 PM
IPO Guru (1200+ Posts, 500+ Likes)
@MRavi…I’m not comfortable to take 12lk exposure in a stock with low GMP and tried something to reduce it to 2lk. I think even if SHNI gets slightly over subscribed, BHNI’s gap will make sure to increase allotment chances in SHNI. I’m fine with 0 than hold 12lk 🤪
1 share per account will not work here. there are 2 lac approx small shareholders and only 24000 shares will be bought back from this qouta. So everyone will not be able to sell their 1 share in buyback