SBI Cards and Payment Services Ltd IPO Message Board (Page 110)

Hello Experts,

I am planning to apply for 8 lots. I am having SBI share in my demat as well. So how should I split the 8 lots in retail & shareholders category in order to get max lots. You advice is highly appreciated.

3 lots in retail, 5 lots in sh

I have 50 share of sbi. Can i apply both category (share holder+ retail )

Yes you can.

SBI Cards and Payment Services Limited IPO
Grey Market Premium 304 - 308 as on 28 Feb 2020 @ 10:50 AM (Sellers Tone Increasing)
Corono Virus Corono Virus effecting Grey.
Hope for Grey will Stable around 300 Levels.
Comes to our Indian Markets:
Nifty at 11280 Down 350 Points.
Sensex at 38550 Down 1200 Points.
Bank Nifty at 29300 Down 880 Points.

Hi I have bought sbi shares in Jan only... So to apply in shareholder category do I received mail from linktime.... Or how it works.... Could you please guide

Hey admin! Will u plz tell where to check live ipo subscription "application wise" instead of "lot wise". as in IRCTC case, ipo subscription "application wise" was 7.89times, so will u plz tell me where u have to check ipo subscription application wise.

Dear Sir,
We understand your requirement but this information is not available to us.

The application-wise over-subscription is available only in the system where the brokers submit the IPO applications to the exchange. Edelweiss publishes this information as they have access to this system.

We have asked exchanges to provide this info to us but this may take some time.

If the next week Market remains bearish which is highly likely it will, the subscription figure would be very below than expected. May be 1x in retail hardly. Overall would not be much impact as QIB and HNI would anyway apply modestly.

It's better to watch in the market than investing in the IPO. The overall situation is likely to improve in the near term. Hence better to buy from the secondary market. May get below IPO price. It's impossible that when world stock market crashes in a big way , the GMP may also affect . But here GMP is artificially maintained to confuse the retail investors.

Is there any change that SBI CARD Ipo will get postponed or cancelled, due to the weakness in Global market. Please comment

From beginning of new process of ASBA third party payments were not permitted. It is a different matter it was not implemented due to many reasons. Platforms like ICICI Direct do not provide any payment other than linked Demat account. Other PSU banks provided up to 5 links not for linking another persons Demat , but to link additional Demat of the primary accountholder. This is now used by linking non account holders Demat accounts to apply by paying from accountholder , called third party payment.

In the past Registrars to the issue has not filtered out such applications. Does not mean they can not do it. It is simple data base of getting PAN number by respective syndicate members from participating banks. Though this could be a detailed process, it can be done. No idea whether Link Time will do it or not. However, SBI being one of major bank that offered provision of 5 applications , presume ,they are too familiar with the past practices and if they wish to adhere to spirit of not letting 3rd party payments , in their own prestigious issue, they can do it.

Meanwhile, received mails from other syndicate members explaining merits of this issue to invite investment , opening Dmat account,etc. End of all mail clearly mentioned that 3rd party payment by UPI or ASBA is liable to be rejected in this issue.

One can always apply & try as in the past. But , appears some doubt exists in this in specific issue. Good luck to all.

very good explanation.

Dear All,
No need to worry. One can apply using ASBA.(Even Third Party ASBA Applications are Valid) (Only Third Party UPI Applications will be Invalid/Rejected)

May be this is a ploy to get the applications rejected, so as to improve their chance to get allotment....

application form par niche saf likha he third party UPI or ASBA BANK AC ar liable to be rejectwd baaki aap ki marji

In SBI IPO can i apply through ASBA(net banking) in both category retails and shareholder of one one lot?

Looks like grey market premium will come down day by day before listing.
Chances are more that everyone will get 1 lot in retail category.

Dear All,
Can you please let me know if i apply 1 lot each on retail as well share holder category than my both application would be considered ?
Do i need to apply more lot in share holder category to get the allotment ?

yes.

On a lighter note:-
Appears more people(Investors) would die because of market crash arising from coronavirus fear than the number of people who died from coronavirus.

022 49186200 link in Time...Must call before using Third party ASBA Bank account.. Rejected rejected and rejected....

The market is going down in such velocity that the euphoria behind this IPO will vanish by 4th itself. chances are that it will not even subscribed 1.5 times in retail.

advice from respected senior member my broker asking no to go with application, which i have sold to him . he is asking me to a cancel trade

Is it Rajkot broker ,
They are running away ,
their mobile are likely to be switched off , or blocked for your phone number
what was the premium Rs 350 ????
seems your trade with him is cancelled with him

I think Market is down as investors are collecting back their money to invest in SBI IPO !! :)

dvice from respected senior member my broker asking no to go with application, which i have sold to him . he is asking me to a cancel trade

@king vinod sir @harit sir plz tell me i can apply sbi card ipo of 2 lakh rs application so how much share alloted me

And 1 more question give me the suggestion
What i do

Application sale on grey market or not sale in grey market

broker asking to withdraw application . as they are saying they are not able to pay money

Dear Experts - Got a question and Confused. I have opened a ShareKhan DEMAT account for my daughter(minor) and she has ICICI Savings account.

Now, SharKhan didnt provide me any login details they said it has only ClientID and I have to use ICICI to apply for IPOs.
I have linked her account in my ICICI account and when I try applying for IPO using ICICI Savings acount(not DEAMT/Direct) it by default selects my PAN number and there isnt any option for changing the PAN.
So, question how can I use minor's ClientID to apply for IPO? is it possible to apply from my ICICI Savigns account?

or should I login to her ICICI account(right now online credentials arent set) and apply?

unlink daughters A/C from your net banking and open another net banking login for your daughter with help of bank and apply from there.

Thank you all for your answers. I am planning to get minor's account internet login credentials. Else I would fall back to apply through SBI bank online IPO.