Can anyone answer the following. It will be more useful for all the small scale investors. NOTE: I have only 60000 rs (Max 4 Lots money) to invest, have demat account, SBI Shares - 10 Nos and have ASBA facility- federal bank As per the above Note please answer the following 1. Which is the best category to apply to get subscription - Shareholder/ RII 2. If the answer for the above is apply in Both category . Then A) can i apply through ASBA for both with above mentioned account (federal bank) B) Is it separate application Number for both 3. What is your opinion on applying in 2 lot in Share holder and 2 in RII
904.5. sugreev| Link| Bookmark|
February 24, 2020 8:03:03 AM
(200+ Posts, 200+ Likes)
Apply one lot in RII & 2 lots in SH quota. That way you will get max number of shares allotted to you. Applying more than one lot (assuming you have only one Dmat account) in RII will not make any difference.
904.6. sugreev| Link| Bookmark|
February 24, 2020 8:05:10 AM
(200+ Posts, 200+ Likes)
If you are applying for 4 lots, make it 1+3 lots in RII & SH
1. If subscription more that 1 times in Retail quota ( eg:app Wise ` 3 times ), If we apply 2 lakhs in retail quota, will get more shares or only 1 lot on lottery basis? 2. Expected subscription figures in all category. 3 shall i use in same ASBA (3 in 1 acct) for both category .
Still don't understand whether HNI will choose the NII option or SH category to apply in this ipo. In case max HNI try thru SH category, nothing would be left for retail investors of SH category.
Most will go for nii category as chance of getting more share in nii category, as size is 50% more in nii than shareholders category. In IRCTC nii pits bids aprox 33000+ crores so if same bids received in shareholder category than it will subscribe 33 times which i believe will not be. Lets see
Best possible bids to get allotment may be 1. Retails 1 lots (as application wise 1 time possible) 2. Shareholder 13 lots (and hope for the best), 247 shares /15 times (if subscribe 15 times in sh) comes to around 16 shares allotment possible for full 13 lots 3. Staff 14 lots (740*19*14=196840), no point in applying for 5 lakhs as only around 98000blots avaliable. This will be my strategy as of now. Will change after seeing subscription, so keep close track
It must be a big dilemma for HNIs. They will keep on looking at the subscription figures and will try to run towards lesser subscribed category out of the two NII & SH. Finally it may happen that both nii and sh will get subscribed equally. But due to the size of issue, RII share holder category may still expect 15 to 20 shares.
While I do not say that there could lesser gains. My understanding is different: With EPS of 12.93 and expected price band of Rs.750 - 775, it would command a PE of approximately 60. Moving up from there on a medium to long term basis seems limited. Moreover there are lots of SBI SH's now and they would be applying in this category and most of them would be there in the market for listing gains and hence could have a roller coaster ride. With these facts in mind, I do not see too much wisdom in investing in SBI Cards for medium to long term till we see consistent performance for couple of quarters.
891.2. dpcdsl| Link| Bookmark|
February 23, 2020 11:46:05 PM
Top Contributor (400+ Posts, 200+ Likes)
HNI can also apply for Share Holder's Portion for amount more than 2 lac but can't apply second application either as RII or NII while RII can apply through 2 application but less than 2 lac each.
Employees can apply through 3 applications, as Employee, as SH and also as RII but all 3 less than 2lac each.
Can i apply in SBI card IPO more than one ASBA forms of different account holder through ASBA facility available in bank of baroda net banking portal ?
890.1. Paymzia| Link| Bookmark|
February 23, 2020 8:47:32 PM
IPO Guru (2500+ Posts, 4500+ Likes)
I am holding 1 share of SBI Bank in my demat account since January 2020 which has been specifically bought to make myself eligible for SBI Card IPO under shareholders category.
But no email has been received by me from SBI, confirming my eligibility as being stated in few of the messages on this board.
Where to communicate to get the confirmation of my eligibility❓
Is it essential to get such e-mail to be eligible❓
889.1. Paymzia| Link| Bookmark|
February 23, 2020 4:35:08 PM
IPO Guru (2500+ Posts, 4500+ Likes)
You ask your broker send it to demat account. As of now sbi did not send any mails to share holder may be later they will send letter to mail us. So keep on eye on your mail id regular to check
Dear paymzia, no need to tell my broker. The share already has been credited in my demat account as per the share holding statement of January 2020 received from NSDL.
889.3. Sharvam| Link| Bookmark|
February 23, 2020 5:13:23 PM
IPO Guru (1100+ Posts, 800+ Likes)
@Ar shams, It is not necessary to receive Email. I hadn't received any Email for ujjivan Small finance bank even though I was holding ujjivan finance. I applied in SH category in ujjivan and got allotment. So don't worry if you don't receive any email,then also you can apply in SH category, provided you hold SBI share on 18/2/2020 in your demat.
As per point no. 9 - page 415 of RHP, it is written that - "Do not Bid at Cut-off Price (for Bids by QIBs, Non-Institutional Bidders and SBI Shareholders Bidding more than Rs 200,000)". So eligible SBI shareholders bidding for more than 2,00,000 shall need to bid for a price higher than cut off price. Am i correct ?
888.1. dpcdsl| Link| Bookmark|
February 23, 2020 6:33:22 PM
Top Contributor (400+ Posts, 200+ Likes)
'Cur Off' price is meant for Retail investors (applying 200,000/- or less). Since there is price band given, others have to bid for a price in between them for "price discovery". None can be bid above price band.
For SBI Card.. IPO, be assured this shall be on highest price band.
Experts kindly reply If I apply in shareholder category under 2 lakhs that is 13 lots and from same PAN no. I will apply 1 lot in retail category. Would that be OK? Or should I increase or decrease in both? Please reply
887.1. G.kumar| Link| Bookmark|
February 23, 2020 6:07:45 PM
IPO Guru (1000+ Posts, 700+ Likes)
sbi cards me share holder me koi b ek jan puri limit apply kar sakta he.. Ye jo faltu chij ki he .. iska protest hona chahia... matlab sala retail kuch kamaye hi na.. achhe ipo wese b nahi lagte, koi transperancy to wese b nhi hoti allotment me..upar se ab ye rasta b bandh kar dete he