Hello friends, general question, I want to open minor account for applying in ipo, please clarify my doubts 1. Which bank offer ASBA facility in minor saving account 2. If alloted, how to sell shares as trading account is not allowed to minor demate account. Regards
IPO APPLICATION IN MINOR AC NOT POSSIBLE IN HDFC SINCE HDFC SHOWS DOB OPTION WHILE APPLYING , IT DOES NOT ALOW TO PICK MINOR DATE AND ALSO PAN NO OF GUARDIAN IS PICKED BY DEFAULT, WHICH MAKES A CLASH OF APPLICATION WITH SAME PAN NO. OF GUARDIAN ITSELF AND MINOR AC . PLEASE SUGGEST ANY BODY ANY OTHER BANK WHICH ALLOW MINOR APPLICATION FOR IPO WITH MINOR PAN NO.
I HAVE MINOR DEMAT ACCOUNT AND TRENDING CODE IN SMC GLOBAL AND I HAVE APPLIED MANY IPO THROUGH PHYSICAL ASBA FORM IN SBI. SBI HAS PAHELA KADAM AND PAHELI UDAN SAVING ACC PRODUCT FOR MINORS.
@ Punit information provided by you is wrong, in hdfc, the dob field is not mandatory and optional also if you give pan no of minor in minor account, while applying, it will show the minor account and not guardian pan card. I am already done with this process and got allotment under minor account. My bank is hdfc and broker is prostocks.
I am using IndusInd Bank account in name of minor for IPO from last 15 years {Have opened daughter account when she was 3 yrs old and got allotment in Powergrid and other few IPOs in last 15 yrs) My aim was to apply for selected IPO for portfolio investment for long term growth & receive exempted dividend (till 31-03-20 which is now taxable}. Last many years am doing online application without any hassle. Only you have to link Demat account of minor which can be opened with any broker. Hope it clarifies doubts whatsoever.
HDFC has minimum balance requirement of Rs.10,000/- and SBI has no minimum balance requirement but to start you should have just Rs.500/-. Sometimes SBI branch managers will hesitate to give debit card (required for activation of UPI), you have to fight (make a compliant) to get it.
803.11. UKS| Link| Bookmark|
September 3, 2023 4:49:33 AM
(300+ Posts)
@durairaj how you apply asba, some user says you have to fill DOB and if you fill DOB below 18, it fill not let you apply,
802. MAMU| Link| Bookmark|
August 14, 2023 11:49:44 PM
IPO Guru (2000+ Posts, 1200+ Likes)
From 43 level too much hammering one side and not even showing upward journey now. Hope for best listing as it will be good for rest ipo which are in pipeline. Happy Independence Day 🔥
Hello everyone , Kindly suggest at what price I should try to sell as my purpose was only listing gain in this issue . And kindly tell the latest gmp . Thanks
Concord aur sbfc ka pehel hii alert krdiya tha but tab kuch gyaanchand panic creator bol rahe the jabki aaj girta premium dekhkar website par comment krne hii nhi aaye, beware of such fake gyaanchands and remain connected to real market participants for primary market trends and updates, For more information check my previous messages related to SBFC and Concord Dhanyvad Readers
794. Finexpert| Link| Bookmark|
August 14, 2023 2:17:44 PM
Top Contributor (400+ Posts, 200+ Likes)
794.4. Finexpert| Link| Bookmark|
August 14, 2023 4:44:20 PM
Top Contributor (400+ Posts, 200+ Likes)
Livemint kabhi live nahi batata.
793. Gagz| Link| Bookmark|
August 14, 2023 3:41:13 PM
Top Contributor (400+ Posts, 100+ Likes)
Shares credited.
792. RajBreaks| Link| Bookmark|
August 14, 2023 12:21:29 PM
Top Contributor (300+ Posts, 300+ Likes)
My Below Comment Not Applicable For Those Who Came In The Market "Jumme To Jumme" After Playing "Matka" or "1 Ka 3" For Whole Life And Trying To Cover The Whole Loss Overnight.
When Overall Mkt Negative Then Big Name Shares Also Go Down, So Very Natural GMP Can Go Down Too For Any IPO. Now The Big Question Is.. Doesnt A 200 Times QIB(I Repeat QIB) Subscription More Than Enough To Atleast Judge The Potentialiaty of A Stock In The Long Run Who Cant Understand or Calculate Many parameters Of A Stock. (Be Educated, Even Warren Buffet or Rakesh Jhunjhunwala's Purchased Stocks Went Down, Goes Down and Will Go Down).
Its Very Difficult or Next To Impossible To Make Wealth (Not Profit) From Share Market If You Dont Have Atleast A Medium To Long Term Mindset For Good And Future Potential Stocks. With An Ups And Down.
So, Take Your Decision Wisely Not By Seeing GMP or Opening Day Price Only.
792.1. RajBreaks| Link| Bookmark|
August 16, 2023 12:00:38 AM
Top Contributor (300+ Posts, 300+ Likes)
"My Personal Opinion"
If Pre-Open Is Around 85.5 or More Then Can Make A High of 90-92. And If Closing Be Above 88 Then 99 and 108 Can Be Very Very Soon.
Happy Investing For All Who Got Allotment.
792.2. UjwalG| Link| Bookmark|
August 16, 2023 7:52:16 AM
IPO Guru (1300+ Posts, 600+ Likes)
Sir, ek time pe aap long term ki baat kar rahe ho and in other message posting listing day prediction of 5,6 rs?
792.3. RajBreaks| Link| Bookmark|
August 16, 2023 11:22:14 AM
Top Contributor (300+ Posts, 300+ Likes)
As Said (90-92) Level Hit. Expecting (94-95) Today And May Be An Upper Circuit. Being Invested In Good Stocks With Medium To Long Term Can Make Wealth.
Agar Aaj (88-90) or Upar Ka Level Pe Bandh Hua Aur Kaal International Market Bahat Negative Nehi Toh Yea Stock Kaal - Parsu Tak (106 - 108) Level Bhi Dekha Saakta Hai.
"Aur Ek Mahine Ke Andhar 120"
** My Personal Opinion"
791. MAMU| Link| Bookmark|
August 14, 2023 12:03:26 PM
IPO Guru (2000+ Posts, 1200+ Likes)
26.5 - 27.25
790. MAMU| Link| Bookmark|
August 14, 2023 12:02:43 PM
IPO Guru (2000+ Posts, 1200+ Likes)
If you confident it will go above 85 then you you are selling and if you are confident that it will be below 85 then give some good price like 75 or near by !!
As per current scenario and GMP it may list at 83
You are asking more then its current prediction ie 95. Any buyer, will buy some points below the prediction to get some margin. Provide some reasonable price !!!
Please stop screaming like babies for GMP. It's good issue and will surely give good returns to allottees. Whether GMP is going up or down its financials won't change and demand looking good. I got no allottment asusual, my best wishes for all the allottees