@nileshkp@riti Yes, both of you are right. There was some miscalculation at my end in retail category. Other two categories I'm still expecting bHNI - 11.5x (app wise) and sHNI - 45x.
i AM APPLYING FROM CANARA BANK ASBA IN SHNI CATEGORY BUT THERE IS OPTION OF INVESTOR CATEGORY IS NOH(NIB) AND IND (NIB) -IND NIB AND IND (RETAIL) . IN INDL RETAIL ONE CAN NOT APPLY MORE THAN 2 LAKHS . PLE ASE HELP ME EXPERTS . THANKS IN ADVANCE.
Due to clash of ipo fund will be short and many BHNI will convert to SHNI.
177. Nothing New| Link| Bookmark|
August 5, 2023 11:54:11 AM
Top Contributor (600+ Posts, 100+ Likes)
Someone please let me know whether opening an account with IDFC First bank is a good decision or not. Is the ASBA facility good? Is the hold removed on time and so on. Thanks in advance.
Off Topic Today I Sold 1 lot Udaysivakumar @ 29.80 and book loss around Rs 2200. Total allotted 5. 4 Lot sell on listing. Now, which share i can buy so adjust loss. Please guide @B.M.SURANA @Monster Zero@abc xyz
Hi fellow investors, If I someone has 30-40 lac ready capital but only 2 Demat accounts.how should he apply for this mainline IPO to get max allotment?
@CASuraj : I can see Bhni is even more subscribed i.e 13 times vs retail being 5.6 times so do we not have less chance in Bhni ? Pls explain for better understanding. Thanks
175.3. IPOTraders| Link| Bookmark|
August 5, 2023 7:03:19 AM
IPO Mentor (800+ Posts, 400+ Likes)
@shubhNiveshak Here till now BHNI subscriprion is 13.2 means, allotment chance to be calculated as 13.2/5=2.6.
Because in BHNI you apply for 10 lakhs but you can get a max of 2 lakhs, in case of over subscriprion. So distributed in 5 people. Hope you got the point.
@IPOTraders : Thanks for your reply. So in bhni allotment is equally distributed between no of applicants ?
175.5. ipo share| Link| Bookmark|
August 5, 2023 5:18:09 PM
IPO Guru (1500+ Posts, 700+ Likes)
@shubhNiveshak I think you have misunderstood the point. In BHNI, if subscription is 20 times, you need to divide 20 by 5 because you apply in BHNI for 10 lacs but get allotment of 2 lacs only. Thus application wise, subscription is 4 times only. Consequently, 1 out of 4 will get allotment as per lottery.
Oh you have internal information. I wasn't aware pio was manufacturing laptops/notebooks in India. Ban for foreign manufactured ones will definitely help it.
Only one application per IPO irrespective of category can be applied on one PAN. If applied from same PAN multiple applications then all will be cancelled not only extra ones.
ICICI, KOTAK,YES banks support FD linked ASBA application.
In ICICI bank create money multiplier FD, then go to investment section/ Ipo. From then on it is a simple process. You wil be taken to ICICI direct site, there you apply for IPO.
After application your FD will not break, but if you get allotment then it breaks..
169.8. MVP| Link| Bookmark|
August 4, 2023 5:48:11 PM
IPO Guru (1300+ Posts, 1000+ Likes)
@Hope is life@Vimal Garodia That's not how MM FD works in ICICI. It cuts exact amount from FD, which is not available in saving account by keeping 10K account balance.
@Vimal Garodia Hi Sir, After we open a Money Multiplier FD with ICICI should we have to register the new FD account to apply the IPO or just use only the saving account for applying the IPO ? For example i have 0 balance in Saving account and 15k in Money Multiplier account and will i be able to apply for the IPO by selecting the Saving Account
After opening MM FD you do not have to do anything. Money is first used from savings account and if not enough available, then FD is used.
But just for application of an IPO, FD is not broken, it stays like that. After you get allotment and if the balance in savings Ac falls below 10000 then FD is broken.
And you have to have minimum 10000 Rs as balance in ICICI bank Ac, if you have zero balance then your FD of 15k will be broken and and 10000 will go to savings Ac and rest 5000 will be in FD.
Anyone having or tracking Campus👟... I have been tracking this for some time, and I'm not into buying it at this level at this time either. I'm just waiting for its result to bump, and until then, just keep an eye on it. 👁️🧐
I am too tracking Campus very closely It is now available at very cheap rate , But it has broken its support 295 and now trading near 290 . It's margin expansion is soon possible due to softening of rubber prices and high demand So on forward looking earnings it's PE comes around 45 and current PE is 76 So let's see it's results and then can buy for a target of 360 / 385
168.2. VVIIPP| Link| Bookmark|
August 5, 2023 11:06:06 AM
IPO Mentor (500+ Posts, 300+ Likes)
Very well said... So, in the end, the conclusion is just wait n watch! 🧐
168.3. UjwalG| Link| Bookmark|
August 5, 2023 11:41:16 AM
IPO Guru (1000+ Posts, 500+ Likes)
Also campus operates in low price band segment. So it was expected to have a slowdown in high inflationary environment. This would be best time to grab part by part. As soon as rate cuts come then sales shld pick up on lower base
I have a general aversion to MSME lenders and NBFCs because they are more prone to bad loans for which RBI still hasn't found a foolproof panacea. I usually stay away from them, most recently being Five Star Business and Fusion Micro.
That being said, SBFC Finance has a healthy book and management. It's worth taking some risk here, especially in comparison with Concord Biotech. The high P/E is concerning, so I will apply with FF in retail only if QIB crosses 30x on day 3. Thanks.