Hi I have a question regarding IPO in icicidirect. I applied for RELPOW IPO for 225 shares with part payment. But instead of the cut off price, i applied at 430/-. Now i learnt that there are less chances of me getting the shares alloted. Could someone let me know if i can modify the bid and apply for the cut off price. If yes, please let me know how to do it.
I have applied for RELPOW IPO for 225 shares of part payment through sharekhan demat account today at 10AM, i have submitted sucessfully and got code also but in order book it is showing as pending, please let me know if anybody is having sharekhan demat account and let me know this pending status will become ok or i have to do something.
VivekGupta: What makes you so sure about the rpl ipo that shares which are being applied for as partly paid will be converted into fully paid on allotment and will be saleable on listing day.I request you to clarify this confusion.
I have applied for 225 Shares in Rel Power IPO by paying 25% of the amount. what are my chances of allotment and how many shares will be allotted to me. Pleaes inform.
If you apply for full lot for 1,00,000 then there is a chance that you might end up with stock worth of 5000 when it is awarded. Looks like retail sector will be subscribed more than 20 times this time. In last month itself more than 1,00,000 demat accounts have been opened.
I think the part payment option is good. If the retail is subscribed by more than 4 times (Which is all but certain), then the adjustment to fully paid up shares will be almost immediate and you can book profits on 1st day of listing. In the case the retail portion is less than 4 times, then shares will be allotted to you 9 days before listing and you will be required to pay the balance in 12 days after listing, so that the co., can issue fully subscribed shares to you 26 DAYS after listing.
But dont worry, retail looks bound to be over 4 times, so go ahead and do part payment
HI APPLIED FOR BOTH REL POW AND FUTURE BUT ICICI DIRECT SHOWS UNDER PROCESS AFOR FUTURE AND ORDERED FOR REL POW SINCE YESTERDAY MONEY HAS BEEN DEDUCTED FROM MY ACCOUNT FOR FUTURE BUT STILL UNDER PROCESS FOR PAST ONE DAY PLEASE HELP
DEAR INVESTORS, TOTAL WORKING DEMATE ACCOUNTS IN NSDL ARE 6913379 TOTAL WORKING DEMATE ACCOUNTS IN CSDL ARE 3811032 TOTAL ACCOUNTS 10724411 SHARES OFFER FOR RETAIL IN RELIANCE POWER 68400000 TOTAL DEMATE ACCOUNTS WILL USED FOR ALLOTMENTS= 6840000/15 = 4560000 TOTAL DEMATE ACCOUNTS AVAILABLE/4560000 = 2.35 IT MEAN IN EVERY 3 ACCOUNTS WILL GETS RELIANCE POWER ALLOTMENT FROM EVERY 7 ACCOUNTS [ IF ALL APPLIES FOR SUBSCRIPTION]
BUT IF MANY PERSONS HAVE DOUBLE ACCOUTS AND SO MANY ACCOUNT HOLDERS ARE NOT ALIVE. THEN WE THINK MAXMUM ACCOUTS MAY AVAILABLE FOR ALLOTMENT ARE 4560000, THEN EVERY ACCOUNT IS ALLOTED FOR RELIANCE POWER IPO
Your analysis is very good. But out of these total numbers there are so may persons who are having more than one account. So many accounts must have become non operative because of death or other reasons. So maximum operating accounts will be about 30 to 40 lac. In the past maximum applications recieved were 12.5 lacs in case of Mundra ports. In this issue I expect about 30 lac application in retial segment. Pl correct me if I am wrong.
how much share one is applying, as in retail we have Rs 20 discount, so we need to apply for 15 lot = 15*15 shares = 15*15*450 =101250 - 4500(discount) = 96750.