In last 1 and half years I got two SME shares in ipo application of retail category but never succeed while going for multiple lots in NII category because that battlefield is for very large investors. So, in future I shall go for retail category only as applied in Sahaj Solar Ltd IPO.
@Smitbhai Sir, I got 2 SMEs & 2 Main Board IPOs and surprisingly all are for single lot application from my only one Demat. Today I have applied for Three M, Prizor,Sati Poly and Aelea. Yesterday applied in Sahaj Solar , all are in Retail Category (Single Lot). Thank you.
Ekdom sahi bola sir. I am also thinking same way to apply only in retail. In last one year i applied for many with 10-12 lots in HNI. Not got a single one. Its indeed for 100 lot walas.
If sebi has put a capping of 90% profit in sme ipos, then how can the gmp be above 90% or what is the benefit of gmp being more than 90% ... Can anyone explain this... Please experts...
Rebate under 87a is available for STCG also under old tax regime if your total income after 80c etc deductions is less than 5 lakhs. There is lack of clarity regarding new tax regime
In new Regime, Rebate under section 87A is showing only for normal salary income but is not showing for STCG which is under special tax(15%) slab. Is there any way to get rebate on STCG in new Regime? Thanks for your reply.
23.6. antarix| Link| Bookmark|
July 12, 2024 4:00:02 PM
IPO Guru (1200+ Posts, 800+ Likes)
@NareshZ , @T. Rakshit The 87 A is applicable for STCG also. You can use the tax calculator provided on the website of Income Tax Department. I have availed this rebate last year.
23.7. antarix| Link| Bookmark|
July 12, 2024 4:01:13 PM
IPO Guru (1200+ Posts, 800+ Likes)
Link https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator
Those who filed ITR under new tax regime, till about 4th July this year, were given 87a rebate even for share STCG etc on which special rate of tax is applicable, provided total income is upto 7 lakh. Around 5th July, income tax department modified ITR. Those filing ITR after 5th July are not getting rebate for share STCG etc. i think those who filed ITR under new tax regime before 5th July and have been given rebate will receive notice demanding balance tax. Rebate under old tax regime is still available
If one shows positional share trading profit as business income instead of STCG he will get 87a rebate even on such income in new tax regime provided total income doesn't exceed 7 lakh. For disadvantages please read my reply to SUMITCHAND JI on emcure Pharma IPO discussion
23.10. PLAZA| Link| Bookmark|
July 12, 2024 10:11:02 PM
IPO Guru (2400+ Posts, 1300+ Likes)
@antarix@investormahesh Suppose of some one has filed return taking rebate and if recd demand as u explained then IMO definitely he has right to revised return in old rigid by taking benefit of deductions .
Or once filed in new regim can't revised in old rigim
Sir as per my knowledge if a person has got 87a rebate on share STCG etc under new tax regime this year he will receive notice for payment of more tax. So why not revise ITR to old regime now itself? A person who has already filed ITR under new tax regime is free to file ITR under old regime I mean he can file revised return on or before 31st July. In such cases where there is demand for additional tax and it is due to fault of income tax department, ideally the department should allow filing revised return in old tax regime even after 31st July but I can't commit what will be decision of the IT department. There is small probability that the department allows 87a rebate on share STCG etc in new tax regime also only for this year and refund tax paid to some such persons who file ITR under new tax regime after 5th July. Even if given option few persons will file revised ITR under old tax regime. Some persons may not have done investment in tax saving scheme before 31st March. 87a rebate under old tax regime is available only for total income, after eligible deductions, upto Rs five lakh under old tax regime and not seven lakh. Rebate is also 12500 and not 25000. For those having business income there are restrictions on moving from one tax regime to other tax regime in future. I am not a tax expert
Which bank or broker provide minor demat account in which we sell IPO allotted shares i
16. MVP| Link| Bookmark|
July 11, 2024 3:31:18 PM
IPO Guru (1500+ Posts, 1100+ Likes)
Question is - one should go full force in Sahaj or go full force in any one out of 4 IPOs opening on 12 (Sati Poly/ Aelea/Prizor/Three M) ? Any opinions?
@MVP I am also wondering the same. Going with the other 4 means, money will not be available for tunwal emotors which is big size and may have better chances.
Read from newgen ji's post that Rajputana Industries SME IPO with share holder quota is coming very soon. But one needs to buy 1 lot to become eligible.
15.3. Basuvr| Link| Bookmark|
July 14, 2024 6:12:41 PM
IPO Guru (2100+ Posts, 1100+ Likes)
Allotment in shareholder quota is on proportionate basis and there will be only few lots in SH category for this SME IPO, so will subscribe heavily and allotment will be difficult.
@Basuvr@RoK As. Dhrp is approved, can we still buy Shera sme to be eligible?
15.7. Basuvr| Link| Bookmark|
July 15, 2024 11:48:13 AM
IPO Guru (2100+ Posts, 1100+ Likes)
@rahulkrjain Yes you can still buy Shera, but you will be investing almost 1.9 lacs for 1 lot with uncertain allotment and uncertain listing gain in Rajputana SME. It's your individual call 🙏
Respected memebers...i ve to open 2 minor account.. so pls suggest which bank provide asba/net banking for minor n which company provides demat for minor. Earlier i opened account with sbi but they are saying asba and net banking is not facilitated for minor.
If we study the Prospectus in detail, majority of revenues comes from Govt. projects, which proves that all the business incomes is genuine and not cooked. This means growth is real and PAT numbers are impressive.
Hello Esteemed members, I have 6 accounts. how should i apply to get maximum chances ? In SMEs is there any profit if i apply for 10lakh in each account ?
@Ujjwal Agarwal With 6 Acs and 10 lakhs per Ac.. In mainline IPO apply BHNI minimum lots in each Ac.. In SME apply for as many lots as possible with 10 lakhs per Ac..
@JamesAhmedabad ,i tried to apply an account for my minor son using his details bt after entering the PAN number,it says minimum age is 18 years to do so,can you tell me who's details should i fill?
@ JamesAhmedabad,i do not have my account on angelone,i tried to register with my son details who is minor,it says minimum age is 18 yeras to open an account