I had cancelled my application on Groww but accepted mandate request on upi app and money is blocked ! Now in groww its showing application is cancelled but money is still blocked since i had accepted the mandate. Any update it is valid application or how much time will it take to unblock if its not? Thanks in advance
No allotment as Application status is cancelled. Ideally Money should have been immediately unblocked as soon as you cancel the application. Atleast it happens in Zerodha.
Yes, in retail, when too many applicants are there in the category you have put. In HNi category, one should apply more than 50% if the over sub rate to just qualify. Anyone putting less than that will be straight reject unless there are many applicants in the same category that collectively gives 1 allotment, that ends up in lottery
@PLAZA No GMP companies getting 30-50x, low GMP getting 150-300x, and high GMP getting 1000-1500x. This is the new normal.
55.2. PLAZA| Link| Bookmark|
May 21, 2024 4:34:41 PM
IPO Guru (1900+ Posts, 1200+ Likes)
Yes true .
55.3. Sandapaul| Link| Bookmark|
May 21, 2024 4:55:59 PM
Top Contributor (200+ Posts, 100+ Likes)
This is not a surprise, when normal hni like you all putting 100-400 lots application. This was bound to happen, subscriptions were supposed to increase to a point when return of IPO will start falling below bank Fixed deposits, post that people will themselve start refraining themselves from IPO. That day is near with 2500X subscriptions soon in normal sme ipos.... There is no easy money in world.... But bad companies will enjoy this period and will bring ipo at any rash price and pump it and holders will cry at end...
See SAI metals... Listed at 2X and LC from next day with zero volume, now fallen 50% but LC yet to open🤣🤣
Not like that, I am just amazed at these mind boggling numbers. It reflects lot of things about Indian share market and mindset of people around, which not many people are discussing. Good to see such progressive things, specially when in country we have national elections ongoing with so many speculations on various ends for the end results.
52. Basuvr| Link| Bookmark|
May 21, 2024 4:20:03 PM
IPO Guru (1800+ Posts, 900+ Likes)
With increasing subscription day by day, it's becoming difficult to almost impossible allotment.
😇 Can we few get together and apply for 600-700 lot single application in good SME IPO for confirm allotment and distribute the profit in proportion to investment 🤑😉
I have been applying 1 lot from 3 accounts since July 2023 in almost all sme ipos and playing block unblock game. Have just received 1 allotment till date. Should I stop applying in SMEs and instead use fund somewhere else. can others please share their sme ipo success ratio.
If you will apply 100x subscribed you will get nothing unless you are supper lucky take risk and apply in less subscribed ipo you will have more chances.
51.3. Basuvr| Link| Bookmark|
May 21, 2024 4:21:49 PM
IPO Guru (1800+ Posts, 900+ Likes)
also every multiple of lot becomes separate category, having it's own allotment ratio, higher the applicants in that category higher the chances of that lot being allocated relatively larger pool of fund in HNI quota.
Anyone putting 390 lots, at least putting jointly, we can try on the lottery for either. Else if anyone has put a little less than 390, let me know. For sure at this lot single application will not get an allotment
I have seen even a SINGLE application getting successful allotment in SME. (e.g. creative graphics, category for 768000 shares and many others too link: https://www.chittorgarh.com/images/screenshots/Creative-Graphics-Solutions-India-BoA.jpg)