Hello All, One quick help I need from all of you to understand IPO allotment process. I am really not able to find basis of allotment . What factors determine to get allotment.. 1) Is it Bank specific.. Ex : IF I apply using Bank of Baroda or I apply using SBI 2) IF I apply 2 lot in same application, will I be getting more change to get shares even thogugh 1 lot out of 2 3) IF I apply on day 1 or day 2 etc
258.1. Pandit Ji| Link| Bookmark|
August 19, 2016 1:40:49 PM
Top Contributor (400+ Posts, 200+ Likes)
The only criteria is oversubscription and your luck appllication day one, banks etc have no meaning, apply for one min lot and if you dont get, its just your bad luck, any post mortem as to why you havent been alloted is just a waste of time
258.3. jajo| Link| Bookmark|
August 19, 2016 3:54:06 PM
Top Contributor (300+ Posts, 200+ Likes)
IPO allotment system is a SEBI approved software which is difficult to tamper with. The final allotment ratio and the number of allottees approved by SEBI and Exchanges released by the Registrar to the issue. When an IPO is oversubscribed by 10-12 times, every applicant cannot allotted a minimum lot. May be 1 out of 7 or 1 out of 10 applicants will get allotment. Therefore it is your LUCK that plays a lot.
257. Pandit Ji| Link| Bookmark|
August 19, 2016 1:21:50 PM
Top Contributor (400+ Posts, 200+ Likes)
Banks allowing Maximum No of different Demat IDs to apply in IPO through ASBA (that i know) - SBI - 5 UBI - 5 Kotak Mahindra -1
All are requested to add their banks with maximum allowed Demat IDs so that everyone else is able to make informed decision as to from which bank the IPO be aplied.
Banks allowing Maximum No of different Demat IDs to apply in IPO through ASBA (that i know) - SBI - 5 (Till 2 PM on closing day) UBI - 5 (Till 3 PM on closing day) Kotak Mahindra -1 (Till 12 PM on closing day )
All are requested to add their banks with maximum allowed Demat IDs and last hour till which allowed, so that everyone else is able to make informed decision as to from which bank the IPO be aplied.
No need to wait for last day subscription figures!One can apply straightaway, and wait till allotement date. Only thing to watch is whether it will surprass 10.5 lakhs applications in retail as seen in L&TInfo. Think, a first bank ipo after United bank of India''s ipo
I am planning to apply for RBL IPO through my SBI ASBA Net banking. I want to link my wife''s demat account to it and then apply. Will it be fine if net banking is on my name and if am linking my wife''s demat account and then applying? Please suggest.
I am having a tough time with LInktime. I don''t get allotments at all or get just 1 of of the 4 I apply. I have drafted a letter to LInktime asking them about the exact procedure followed in allotting the shares and the uniformity of the procedure.
Would it be worthwhile to send the letter? Don''t I have a right to question them? I invite suggestions from my experienced boarders
There is nothing wrong in asking and getting to know what exactly the procedure is.. Not only u, many people on this forum have reported the same.. You must be the lucky one if you get prompt reply :)
Shri FZR. Why don''t people write to them and be done with it once for all instead of having grievances for every IPO. This is ridiculous. We are investing money and we need satisfaction
Many people have this same complaint I don''t get any single allotment from linkintime from last 5 ipo
246.4. Chem cho| Link| Bookmark|
August 19, 2016 10:14:31 AM
IPO Guru (2500+ Posts, 2700+ Likes)
LINK TIME is following all the procedure , IN FACT i had an doubt about KARVY procedure , seems karvy is banded , and in last 3 months there is no IPO from karvy , In case you have any doubt you can complaint to SEBI and not link time
244.1. Chem cho| Link| Bookmark|
August 19, 2016 8:17:13 AM
IPO Guru (2500+ Posts, 2700+ Likes)
YES it can be considered for long term investment
APPLY
244.2. Chem cho| Link| Bookmark|
August 19, 2016 8:18:43 AM
IPO Guru (2500+ Posts, 2700+ Likes)
Allotment to 25 anchor allots with Merrill Lynch getting 7.39% others 5.22% and 2.75% respectively indicates the interest by mostly all anchors investors
242. Chem cho| Link| Bookmark|
August 19, 2016 7:51:40 AM
IPO Guru (2500+ Posts, 2700+ Likes)
apply with out any risk in RBL IPO Allotment to 25 anchor allots with Merrill Lynch getting 7.39% others 5.22% and 2.75% respectively indicates the interest by mostly all anchors investors
nice investment i am having FD in this bank also , good for long term investment
Can somebody plz suggest me the trick to get allotment when linkintime is the registrar. My success rate with this registrar is 0â„… with over 8+applications in multiple iPos. Nowadays first thing that I see in an IPO is registrar and then decide to apply. Please help.
Well dont know whether its true or luck. But i got only 1 IPO with link out of 7 applied and in that single case i applied 1st hour 1st day.. For all other i had apllied after sizeable oversubscripion...