I have a general question regarding how an IPO allotment is done under the ''HNI'' category.
The secario is as below.
Assume that there is a ''XYZ'' company whose IPO got over subscribed by 200 times in HNI category. Also, under the ''RII'' the same company got over subscribed by 10 times (with an assumption that each reatil investor has order for only 1 lot at the bid price).
Now, for ''RII'' category I understand that there will be a lottery system that decides who will get an allotment (in the above case 1 out of 10 get an allotment)
How will be the allotment carried out ?
Also, I understand that maximum allotment of 1 lot is applicable only under ''RII'' category and not under ''HNI''.
I applied for salasar IPO through BSE website by providing my icici bank details & received bid cum application form no. in adobe reader format. Can anyone tell me if any formality left??? such as physical filing of application form in bank or process is complete???
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July 16, 2017 10:20:13 PM
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No, you may have filled and downloaded ''Online Application Form'', printout of which duly signed has to be submitted to Bank through Syndicate Member after bidding with bid id.
Another option, pls. Take the signed copy of the downloaded form to the icici bank (self certified syndicate banker) branch where u hold ur sb account n ask them to bid it online n give u the acknowledgement for the same.
No, you can not apply through HDFC bank netbanking on Sunday, in HDFC, you can only apply for banking hours i.e. 9 to 5 pm but in public sector banks you can apply at any time during the offer.
for applying ipo throgh hdfc or sbi bank I observed that , first name comes of first account holder, say A. B & C ARE JOINT HOLDERS., Then to apply on the name of second holder B, What to do ?