Route Mobile Ltd IPO Message Board (Page 23)

Dear Sir,
1. We suggest you open Minor Trading and Demat Account with ProStocks due to AMC free demat account. They are an online broker. If you choose a local traditional broker, the cost will be very high.

2. All banks offer a Minor Bank Account facility. You can choose the bank near you or the one where you have an existing relationship.

Note: If you are opening the Minor Account for IPO investment, pls note that very few banks (i.e. SBI) allow you to apply in Minor account. Private banks like ICICI, HDFC etc do not allow this at this point.

You also can't use UPI based broker IPO application as UPI ID's are not available to Minor accounts.

Prostock me minor ki amc free he ya normal account per bhi free he

ProStocks offers AMC free demat account to all kinds of account holders (resident individual, minor, Huf, corporate, trust, etc.) with one time Rs 1000 refundable deposit.

In addition, they offer free online account opening and brokerage free delivery trading.

OK thank Chittorgarh Team for advise.

Two more thing I want to know.

Can I apply for IPO ON MINOR PAN NUMBER AND NAME after opening of demat account on minor name and can sell the IPO shares on same day of listing from Prostock broker. Because some broker not allow to sell share in minor demat account.

2nd thing if Upi is not allow in minor saving account then I can apply through ASBA via minor saving account or from my guardian saving account.

Regards
Micky

@Team Chittorgarh.com
Can I open both demat and trading account of minor online in ProStocks?

How to submit POA in case of online opening of minor demat/trading account in ProStocks?

same here, no email/SMS from BSE.

I have applied in both the IPO through SBI ASBA facility and received a message with the application number.

No still didn't get any message or Email from BSE...
@Bvaskar

I also applied through SBI ASBA through Net Banking and it showed successful. But I did not get confirmation message either to my mobile or to my email. It means, our mobile/email details are missing somewhere in the system. We have to find out and fix it by registering our mobile/email details in the linking system where it is required. As far as SBI is concerned, my mobile/email details are already available with them.

I applied some applications through Axis asba too. For HMT both sms and email received, but for route Mobile, no confirmation message received.

For HMT and route both, there is no email/sms for sbi asba

No Allotment

Rare chances of getting even one lot.

Prostocks is best for Minor account. You can directly sell from Minor Trading Account on listing day.

Sir, my son has applied for 274 lots (i.e. 10960 shares). Sure to get allotment of 1 lot. But my query is whether he will get some additional shares over and above 40 shares on the basis of proportionate allotment available under NII.

Is it higher than retail or did I make mistake?

Unfortunately no allotment for your application. Retail will have approx 10% chance

Your bid will be under HNI and allotment will be on lottery.

You mean to say.. those who have applied to 100 or more lots will hear 100 lots on lottery basis

No. Since HNI is subscribed 192.81 times any one who applied above 192 lots will get at least one lot. Others will get based on lottery in their from their category. Chekc Basis of Allotment for past IPOs.

No allotment for you because in hni quota you need to apply in crores

Thanks Jhonny ..

In this case 89 times subscribed

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