920. Venkatram| Link| Bookmark|
February 24, 2020 10:03:07 AM
Top Contributor (300+ Posts, 100+ Likes)
What would be the best way to apply? I have money for 3 lots and have 2 demat accounts both have SBI shares so SH option is available. Please let me know the best option to get max allotment? 2 RI lots or 3 lots in one Demat under SH?
Antony Waste Handling Cell is expected to launch its nearly Rs 300 crore initial public offering for subscription on March 4.
The IPO comprises a fresh issue of up to Rs 43.5 crore and an offer for sale of up to Rs 250 crore.
The offer for sale comprises a 94,42,164 equity shares by Leeds (Mauritius) (13,90,322 shares), Tonbridge (Mauritius) (20,85,502 shares), Cambridge (Mauritius) (20,65,300 shares) and Guildford (Mauritius) (39,01,040 shares). (Money control)
(b) Eligible SBI Shareholders bidding in the SBI Shareholders Reservation Portion up to Rs 200,000 can bid through the UPI mechanism, and SBI Shareholders bidding in the SBI Shareholders Reservation Portion for an amount exceeding Rs 200,000 cannot bid through the UPI mechanism.
Does this mean those who are applying above 2lakh must use ASBA only?
916. Ou Ai| Link| Bookmark|
February 24, 2020 11:57:57 AM
Top Contributor (300+ Posts, 300+ Likes)
Dear All With so much enthusiasm on this IPO many may have not read the future business risk for card business. Many other countries that introduced digital payments have seen their payment through mobile and digital wallets galloping rendering credit, debit cards and ATMs redundant. With usage of e-wallets and apps like Paytm, Bhim, UPI, gogglpay, phonepay increasing virtually debit and credit cards will be redundant there by reducing their fee income to minimal. With digital payments growing, 1. Transactions by cards have reduced substantially 2. Future demand for card issuance may also get affected 3. Current NPA level is 2.75%
With the above, SBI Cards definitely is not a share in futuristic business like IRCTC that has moved in e commerce. As e commerce catches up more with purchase of goods and services online it is Iikely that card business losses as is evident from other countries.
This investment though could offer a listing gain.
Correct , but most people invest in IPO for listing gains and not for investement
Second i belive in India penitration of cards is poor and lot of potenetial to grown in future.Athlough all your concers are very geniune
916.2. Pokemongo| Link| Bookmark|
February 24, 2020 2:44:17 PM
Top Contributor (400+ Posts, 300+ Likes)
since internet is not easily available and with data and telecom charges going up substantially, it is unlikely that mobile wallets will capture large market share in next 3 years. so i think it is a safe bet to go for it even as a portfolio pick.
916.3. Medge| Link| Bookmark|
February 24, 2020 3:09:09 PM
IPO Guru (1300+ Posts, 2000+ Likes)
Mobile wallet is loss making model, many already bankrupt (m-pesa, citrix, oxigenpay, mobikwik, freecharge), paytm on the way.
To load money in wallet we need credit card, wallet company has to pay 2 to 2.5% to credit card companies.
Mobile wallet allows to load money using saving account netbanking / UPI, but in india there is huge crowd who want to borrow money with free rate of interest for 40-50 days, and only credit card has this facility which no one going to replace.
Below few strong credit card points which mobile wallet never ever going to have.
- Free credit facility upto 50 days - International transaction facility - 10 to 20 % cashbacks - Reward Points - Large amount of transaction as per card limit (wallet allows only 10K per month)
PhonePe, GooglePe are UPI apps you should not call them mobile wallets becs they only transfer money from your saving account to merchant account.
So assuming that mobile wallets going to replace credit card is not 100% true. There is plenty of chance still left for credit cards to grow in india.
916.4. Medge| Link| Bookmark|
February 24, 2020 3:15:42 PM
IPO Guru (1300+ Posts, 2000+ Likes)
+ No cost EMI facility which CC offers. Not sure how wallets going to give these options.
People who think credit card has no growth in future, they can skip this IPO :)
916.5. Pokemongo| Link| Bookmark|
February 24, 2020 4:25:53 PM
Top Contributor (400+ Posts, 300+ Likes)
Excellent analysis by Medge. This is such a lovely forum. Thanks for kickstarting the discussion Ou Ai:)
If required, SBI card will introduce an app, if not introduced already. Many of our countrypersons consider SBI to be more trustworthy than private firms providing ewallet.
Credit card business is different than a mobile wallet business. No one uses mobile wallet as a replacement for a credit card. You got to have your own cash in the former and credit in the later. People always tend to spend by credit card rather than a mobile wallet. Anyhow, investors seek a good business, rather it's the credit card or not doesn't matter. If mobile wallet and credit card businesses are good, investors invest in both. There is no question of choosing one of these, but its a question choosing the right business. To my eyes, I see both paytm and sbi card both are good businesses.
Hello sir, I have total 5 demat account of different name and pan card now my question is if i am a net banking user and my bank alove me to submit 5 different pan card application in my that net banking account so can i do that...?
I put my situation I have 8 demats Out of which 5 are shareholders And 7 out 8 RII application i sold in gray(one kept open intentionally) I have 7.5 Lk found available What should I do? (This is my first experience as SH ) Please answer me a good solution Thanks
@small investor I disclose early that I have no experience i.n SH category
913.8. MITTAL| Link| Bookmark|
February 24, 2020 11:34:32 AM
IPO Mentor (700+ Posts, 1200+ Likes)
हरित जी , मेरे विचार से अभी आप 4 मार्च तक कुछ न करें।जब तक सभी कुछ साफ हो जाएगा, उसके बाद शेयर होल्डर के एप्लाई करने पर विचार करना ,कितना और कैसे। अभी सब्सक्राइब होने दिजिए ,फिर आँकडा अपने आप समझ आ जाएगा। आप स्वयं अनुभवी हैं।
913.9. sonal patel| Link| Bookmark|
February 24, 2020 12:02:55 PM
IPO Guru (1600+ Posts, 5800+ Likes)
If you have 8 demats. Then why you not buy 1 shares in all accounts.... I don't think why you not buy..
@sonal patel 8 demates 5 family members 3 relatives(i don't think it it is wise to put tax burden on relatives ) Now I kept 1 application open bcoz i can put 5-6 L If needed considering proportional allotment in SH
913.11. Amit Chheda| Link| Bookmark|
February 24, 2020 2:57:12 PM
IPO Mentor (700+ Posts, 900+ Likes)
why bank will not accept 2 appplication one of retail and one of shareholder quota...both forms are different and they should accept it...hope bob software accepts same, as i have 10 demat account in which registered bank is bob. i always apply offline through asba....tomm i will confirm with bank.
913.12. Medge| Link| Bookmark|
February 24, 2020 3:49:32 PM
IPO Guru (1300+ Posts, 2000+ Likes)
Take your decision on last day after looking subscription numbers
You has to go with 1 lot RII application with 7 demat accounts which you have already sold in grey.
And use remaining entire money for 1 SH application or split into 3 SH applications (decide this on last day)
@amit chhe da Yes I too enquired just now,they will accept 2 application,(rii+sh) In usfb bank denied bcoz of software error. I also prefer physical submission as long as it accepted
Bid from shareholder and retail category & Ref No : IE226821 From: sbicard.ipo on Mon, 24 Feb 2020 11:51:23 Add to address book To: You & 1 other | See Details
Dear Investor,
An eligible SBI shareholder bidding in SBI shareholder reservation portion may also bid under net offer, subject to bid amount not exceeding Rs. 2,00,000 under SBI shareholder reservation portion.
Yes you can apply in all three categories Employee: Maximum 5 lakh (if subscription more than 1 time, Rs 2 lakh will be considered) Shareholder: up to 2 lakhs Retail: up to 2 lakhs
SBI CARDS FORTHCOMING IPO == QUERY ------ URGENT I am a shareholder of SBI and want to apply in both shareholders quota as well as in HNI Quota as follows : 1) one application less than Rs. 2,00,000/- under Shareholder Quota and another application under HNI for Rs.10,00,000/- or Rs. 20,00,000/- I hope my both applications will be accepted for allotment. Please clarify .
As quoted in RHP "Bids by SBI Shareholders in SBI Shareholders Reservation Portion (subject to Bid Amount being up to Rs 200,000) and in the Net Offer portion shall not be treated as multiple Bids. To clarify, an SBI Shareholders bidding in the SBI Shareholders Reservation Portion above Rs 200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids."
From above, it looks, HNIs can apply in SH also (up to Rs 200,000) in addition to NII
REPLY RECD BY LINKINTIME Bid from shareholder and retail category & Ref No : IE226821 From: sbicard.ipo on Mon, 24 Feb 2020 11:51:23 Add to address book To: You & 1 other | See Details Dear Investor, An eligible SBI shareholder bidding in SBI shareholder reservation portion may also bid under net offer, subject to bid amount not exceeding Rs. 2,00,000 under SBI shareholder reservation portion.
can i have same saving account linked with two dmat accounts which are in my name only? wil the application be rejected in this case? i will apply using only one of the two dmat accounts not both. will it be rejected?
Dear Sir, If you apply two application forms with one PAN Number in any particular category, then both the application forms will be rejected. But if you apply in shareholder category along with the retail category, then they won't be treated as multiple application forms .
Thank you Paymzia and Shy investor. Shy Investor sir i did not want to ask about categories .I mean to say that i can have one savings account linked to multiple demat accounts which are in my name. for example one sbi saving account registered with sharekhan, hdfc and zerodha demat accounts of same person. In this situation application can be made using any one of those three demat accounts.
You may have multiple Demat accounts but end of the day these accounts are linked to one PAN Number. So you cant apply more than one application forms in any of the IPOs. Hope I answered your queries.
I hv only 1 demat account Can i apply in retail as well share holder quota with 1 demat n 1 pan I hv no sbi shares yet but if i buy today will it be f9??
Technically, you could gave applied in the both categories if you have SBI shares in your Dmacat account till 18th Feburary 2020. As you mentioned, u are not a SBI shareholder, you cant participate in the shareholder's category.
Many news articles and people are stating that the RHP has been filed with SEBI. But am not able to find it on their website. Can someone post a link to the RHP pdf not the DRHP.