Friends, As per payment-1, an individual can apply for 225 shares and to pay 225x115= 25875 along with the application.Am I correct? Please confirm those who knows it.
Hi friends, I am trying to open demant for minor, can I apply for a IPO using minor DMAT account. I am sure some expert will definitely respond to my question. Thanks in advance.
Thanks ajay for the information i was looking for.
Simultaneouly bad news to all of retail category investors. I assume from gujrat & maharastra every retail investor will apply for ful subscription. Which means 20 lacks retail invetor. i assume rest of the country only 25 % will apply for full subscription. Which means from rest of the country 20 lacks retail investors. total retail investor who will apply for full subscription will be almost 40 lacks.
WHICH MEANS 16 TIMES SUBSCRIPTION.
Here i am not counting those who will apply for less than 1 lacks.
In end we all be facing lottery system. Where only LUCKKKKK WORKS.
hi ipo ipo, there are 1 crore demat accounts in this country according to NSDL website, as long as sptember 2007.not sure how many are retail.but it has to be 80% of them.isnt it?60% of accounts in 5 states.we gujarat tops ofcourse!see the link below for confirmation
I got some figure about total DMAT account which are valid under retail category are 10 lacks. I am not sure about these nos. But if I assume these are approximately correct and all 10 lacks will apply for full subscription ( 225 shares ).
Then the requirement of the total shares under retail category will be 225*10 lacks = 22.5 crore.
Which means under retail category subscription can be 22.5/6.5 = 4 times.
If I assume total DMAT account which are valid under retail category are 20 lacks then also subscription can not be more than 8 times.
What you guys suggest on this ? Do you have some calculation on subscription going to happen in retail category ?
Hi Vikas, Thanks for opine.... Can you laos tell how can we get 50 shares as lot size is in multiple of 15? Also don't u think 50 is bit too optmimistic as basis current premium of 360 its a return of 15k...