Application Lot Size: 15 Issue price at upper price band: Rs 450/- Discount to retail investors: Rs 20/- Issue price for retail investor at upper price band (after discount): Rs 430/- (450-20) Max lot at upper price band (Rs 450/-): 15 Shares as per Mod(100’000/430*15) Upper Price Band for retail category (Rs 430/-)
Shares Amount to be paid (In Rs)
Full Payment - One Lot 15 (1*15) 6450 (15*430) Full Payment - Max for retail 225 (15*15) 96750 (15*15*430) Partial Payment - One Lot 15 (1*15) 1725 (15*115) Partial Payment - Max for Retail 225 (15*15) 25875 (15*15*115)
Those who applied @115 also eligible for the Rs.20 discount, At the time of allotment,shares will be given at discounted price (i.e 430).so small investers dont be confused.in my exp. "Reliance will never let down small invester like us" and go for Partial Payment(option-1)Max for Retail 225*115=25875.
retail investor will apply for maximum share is 225 * 115=25875/- in method of partpayment. it is very clearly write in red hearing prospector at page no.257. pl do not confuse every body.
For part payment, there is no retail discount, Meaning part payment per share is 450/4 = 112.5. rounded off to 115 per share,
instead of 430/4 for part payment, But in either case, 96750 is the total bid value(part or full payment) and MAX 15 lots is TRUE for either case,
The above information is as told by a Karvy(Registrar for this IPO) agent....
So please be sure with what you are doing, there is still time for the IPO, so please call up your nearest Karvy agent and clarify your doubts, instead of arguing over here.....
Hi all, i am applying IPO through ICICI direct 1st time. CAN ANYONE GUIDE ME HOW TO APPLY FOR 100 EQUITY BY PARTIAL PAYMENT METHOD THROUGH icici DIRECT....
Sandy, Simple Funda is this, In Retail category you cannot apply apply for more then 1 LAC. No of shares * 430 (In Full Payment Mode) < 1 Lac No of shares * 450 (In Part Payment Mode) < 1 Lac
However in Part payment u are paying @115/- only, instead amount will be calculated on the basis of full share value that is 450/- and u cannot have the benefit of discount also.