Im new to market and this is my first ipo Salasar techno. I have submited one aplplication through ASBA from sbi online today morning at 10:30. How do i check my application bidding status ? I didnt got any msg, mail of any notification by bank or dp...
I also applied through SBI NetBank till now no msg and email but u can check Ur bid details of this website http://www.bseindia.com/investors/appli_check.aspx
Pls check the bse link in the evening right now uploading of application is in progress. Also u will get mail of bid soon. The only thing is u must got application no after submission of application. Dnt worry. http://www.bseindia.com/investors/appli_check.aspx
Note:Subscription figures presented here are not comparable with that of AU Small Fin Bank owing to size of this IPO. However by these figures one can work out the probability of getting allotment
For those who wants to understand T segment listing:
In the ''T'' segment :-
> If you buy shares, you have to pay the money and take delivery. > If you sell shares, you have to give the delivery of shares and you will get the money. > No netting off is allowed, which means, if you buy today and and also sell today, the sell position will go in to auction, as you will not be able to give delivery, and you will have to pay a very heavy penalty.
One important criteria, is that, as on the review date, the security should be in 5% price filter band for at least 22 trading days. If a scrip does not meet this criteria, it cannot be moved to the "T" segment.
It must be therefore understood by traders, that the volume in this scrip is therefore all delivery volume, which is in fact a good measure of ''true interest'' activity, to some extent. A high delivery volume could mean that a large number of investors are willing to buy and hold the scrip.
If some applicants are wondering about the huge subscription numbers, it is only because of the very small size of the issue. Doesn''t mean anything about the quality of the issue or the prospects. Once the issue is over and after listing day this company will also be forgotten. There is nothing to suggest that one can keep this stock in the portfolio for long term.
Pure lottery and everyone is expecting that this will also take the route of Dmart, CDSL, etc. It will not
As the subscriptions figures are quite high the chances of allotment is slim.
If it''s T segment then there won''t be much movement in share price after listing (5% limit) Overall company is also not very much sound fundamentally.
There is no significant benefit for short term or long term investors to buy this stock after listing.