I have submitted my bid using asba of my family member. The account was opened recently. Bid was placed successfully but when I tried to register the account in blink app of linkintime, it said that unable to find the account or register your account with your dp. And I did not get SMS or email for bid placed from bse. My RM is clueless & he is giving weird reasons. I am not satisfied with his answers. Can anybody share the link where I can check my bid on bse. My dp is globecapital.
I have applied for 1 lot of RBL bank IPO through IDBI bank account. And my bank blocked Rs. 14678.78 instead of ipo amount of 14625. Do anyone know why please help
don''t mislead it is random selection Even who applied 13 lots (845 shares) in single appl. may not get allotment and who applied 1 lot (65 shares) may get allotment
@pm and @atul :- Sorry, you people are correct. I am applying for IPO after a long time and I thought that still old rules are in place, but it is not. I just confirmed with other sites by searching in Google.
If IPO over subscription like this,we have to see only no.of applications rather no .of lots. It means the lottery system takes application number not your quantity.
Retail people (RIIs) who applied for Rs.190125 (full quota) will get minimum of 150 shares
Allotment Calculation = Amount applied / No of times issue subscribed (RII portion) / Cut-off price(Rs.225)
For full quota ie 190125 / 5.5 / 225 = 153 shares
(many RIIs would have applied for Rs.224 and they won''t get any allotment because the issue is heavily subscribed, so RBL will fix the price Rs.225, Rs.224 portion will also be added to RIIs who applied for Rs.225, that means chances of getting more than 153 shares also)
ME.sENTHIL,KINDLY INFORM WHETHER THE PROCESS OF ALLOTMENT HAS BEEN CHANGED.IN THIS FORUM PREVIOUSLY MANY OF THEM HAVE ADVISED TO APPLY ONLY ONE LOT TO FACILITATE ALLOTMENT TO SMALL INVESTORS BY SEBI.BUT YOUR LATEST MESSAGE SEEMS THAT THE PROPORTIONATE ALLOTMENT IS BACK AGAIN.PL.CLARIFY
It depends on no of applications and applied category, if applied in retail may get 1 lot (65 shares) on each appl (if u are very lucky) or only 1 lot in total or NIL (bad luck)
if applied in HNI again it depends on ur luck as it is subscribed 198 times
Kindly book profits after listing.May list at 30-40RS premium.May tough 290-300 Rs after 2-3 days of listing. Not a long term story.CASA ratio of RBL is very low.Also deposits are low.The bank has not made any major expansion just like other banks. Invest in IDFC bank for multi bagger.