Applications with Bids more than 2L in shareholder category will be definitely accepted. Please refer section C under sbi life basis of allotment page.
The maximum bid was made for 371427 shares which was for 25 Crores.
The interesting part here was sbi life was under subscribed both in HNI and SH category due to poor performance by peers at that time. So everyone was allotted the quantity that was bid.
Coming to SBI Card, the shareholder portion might get oversubscribed massively and applying in retail category would be a better option.
199. JIgar A| Link| Bookmark|
December 14, 2019 3:47:31 PM
Top Contributor (400+ Posts, 300+ Likes)
SBI Card application grey market me bech dale ya fir apne pas hi rakhe ? Please suggestion ?which is best
Dear Medge Pls see ICICI Prudential allotment.. Shareholder quota 25933 valid application allotted 1,81,34,105 shares. How it was possible when minimum lot is 44 and this quota subscribed 11.9 times. propotionate basis of allotment . Till 440 shares applied they were given minimum allotment. After that proportionate allotment. 25933 x 44 =11,41,052 shares only.. Total shares offered in shareholder category was 1,81,34,105 So above 2 lakh application was there. SEBI RULE PAGE 23 RESERVATION ON A COMPETITIVVE BASIS 33.(3) 42.(5) An applicant in any reserved category may make an application for any number of specified securities, but not EXCEEDING THE RESERVED PORTION FOR THAT CATEGGORY.
197.1. Medge| Link| Bookmark|
December 12, 2019 5:11:27 AM
IPO Guru (1300+ Posts, 2000+ Likes)
Thank you Rajakumar Sir, So could you pls clear some more my confusion about SBI Card. - If i applied only 1 lot is SH category and application wise its undersubscribed but total category subscription is more than 25X times, will i still get 1 lot?
- if I applied only in SH Category 100 lots and issue is subscribed 25X times in this category will i get 4 lots?
About icici pru i will again go through basis of allotment ????
Dear Medge, 1. you will not get share because 25 times over subscription. One who applies 25th lot will get firm allotment. Minimum lot is lottery 1: 25 ratiio 2. yes you will get 4 lots firm allotment. Shareholder quota in sbi card is like mini hni categery
197.3. Medge| Link| Bookmark|
December 12, 2019 11:40:38 AM
IPO Guru (1300+ Posts, 2000+ Likes)
Ok Thank You, will follow 1 in RII and 1 in SH if experts suggest to apply in SBI card.
ICICI prudential life IPO September 2016 was subscribed 1.42 times in retail category and 12.20 times in others category. Clearly some persons applied for shares worth more than Rs 2 lakh in shareholder category. Others category may also include employees but their amount may not be much. Basis of allotment is not available in Chittorgarh website.
197.9. Medge| Link| Bookmark|
December 14, 2019 7:24:31 AM
IPO Guru (1300+ Posts, 2000+ Likes)
@investormahesh If still have more query, ask in this thread.
मुझे लगता है शेयर कुछ सस्ती दर पर आने की सम्भावना बन रही होगी ,जिसकी जानकारी मात्र कुछ लोगों को होऔर वह समय रहते इसका फायदा उठाना चाहते हों ।क्योंकि बैंक मात्र 4% शेयर कम कर रहा है ,भाव बढने से उसकी पूरी पूँजी(market capital) बढ जाती है।जैसे dmart,hdfc AMC,irctc व अन्य और सम्भव है मात्र भाव बोला जा रहा हो किन्तु कोई खरीदार न हो ।
लगभग 1992 जब स्टैट बैंक का पब्लिक इश्यू आया था उस समय भी इसी प्रकार लोगों मे बहुत उत्साह था । लगभग ढाई गुणा सब्सक्राइब होने के बाद FIRM ALLOTMENT हुई थी ,50 शेयर प्रति आवेदन । कैसे ?बैंक ने लगभग 60%(बाकी) एप्लिकेशन रिजेक्ट कर दी थी । क्यों ? उस समय यह कह कर कि शेयर देना या न देना बैंक के अधिकार क्षेत्र मे आता है।वह किसी को शेयर होल्डर बनाए या ना बनाए ।(कुछ लोग उपभोक्ता न्यायालय गए थे क्या हुआ पता नही) हाँ ,अपने कर्मचारियों को 50 से 200 शेयर एप्लीकेशन के अनुपातिक आधार पर दिया था। शेयर होल्डर के लिए अनुपातिक आधार ही बनता है ।
डिअर मित्तल जी क्या ऐसा भी हो सकता हे की अगर मेने sbi के आईपीओ में एक एप्लीकेशन रिटेल कोटे में लगाई हे एंड एक एप्लीकेशन शेयरहोल्डर कैटेगरी में लगाई हे उस केस में में दोनों एप्लीकेशन को ग्रे मार्किट में कोस्टक एप्लीकेशन सेल कर सकते हे क्या दोनों को
For hdb financial Which stock will I buy for apply as a shareholder HDFC or HDFC Bank??? Say truth because I want hdb financial allotment very important!!!
Dear forum member i have a 1 application and I want to apply in sbi card issue i wanted to apply in retail and shareholders quata both so that i also buy 1 share of sbi bank so after buying share of sbi bank i able to apply in both quata and i applied thru ASBA one lot in retail and one in shareholders my application will be rejected or both will be accepted please give me some suggestions???????????????
192.1. Paymzia| Link| Bookmark|
December 14, 2019 12:44:57 PM
IPO Guru (2700+ Posts, 4700+ Likes)
@RAJAKUMAR As per data available (tentative) & No.of shareholders (above 15 L) Is it wise to apply more than 3-4 lots in SH category? Also Any chance applying more then 1 lot in retail? Ur prediction about RETAIL & SH Oversubscribed? Awaiting ur answer
191.1. Medge| Link| Bookmark|
December 13, 2019 11:50:04 AM
IPO Guru (1300+ Posts, 2000+ Likes)
Hi Harit,
applying 3-4 lots in SH will not be sufficient, as in SBI allocation in SH category is different than HDFCAMC or Ujjivan IPO.
in SBI even application wise issue is under-subscribe, still there is no sure allotment of min 1 lot if total category subscription is more than allotted shares.
I have also asked Rajakumar similar query, lets wait for his reply.
Dear Harii Shareholder quota It is like mini hni catagery Proportionate basis. No minimum allotment like Ujjivan Some hni will participate in shareholder quota also. So it may subscribe above 20 times. So allotment is very tough Retail quota This may be fully subscribe on application wise. Let RHP files then we decide reg shareholder quota
Dear Admin please upload basis of allotment of ICICI prudential Life IPO September 2016 or any other IPO where application for more than Rs 2 lakh was permitted under shareholder category
191.4. Medge| Link| Bookmark|
December 13, 2019 8:43:41 PM
IPO Guru (1300+ Posts, 2000+ Likes)
You will get icici pru basis of Allotment from cmlinks dot com, google "icici pru ipo basis of allotment cmlinks"
ICICI prudential Life IPO September 2016 allotment price Rs 334 per share one lot of 44 shares. Retail was subscribed 1.33 times and shareholder category was subscribed 11.95 times. No one applied for more than 10 lots ie Rs 1.47 lakh, well below 2 lakh, in shareholder category. NII category was subscribed 28.51 times. SO I GUESS MAXIMUM LIMIT IN SHAREHOLDER CATEGORY WAS Rs 2 lakh. Allotment under shareholder category was on proportionate basis ie no attempt was made to allot at least one lot to every applicant.
To Madam Sonal Patel is your reply addressed to me? I could not understand what do you want to say. I have not asked any information from Medge. I only said thanks for informing me about cmlinks website. In another tag on this website some senior member told to someone that we should try to use existing tags rather than initiating a new tag.
191.9. Medge| Link| Bookmark|
December 14, 2019 7:20:15 AM
IPO Guru (1300+ Posts, 2000+ Likes)
@investormahesh, About icici pru SH category i was also assumed same which you are , but i was wrong there were more than 2 lacs application bidden in SH category, Rajakumar helped me to understand, pls read read his below comment
160. RAJAKUMAR Dec 12, 2019 01:07 I Like It. 5 | Report Abuse Reply IPO Guru IPO Guru (1200+ Posts, 800+ Likes) Dear Medge Pls see ICICI Prudential allotment.. Shareholder quota 25933 valid application allotted 1,81,34,105 shares. How it was possible when minimum lot is 44 and this quota subscribed 11.9 times. propotionate basis of allotment . Till 440 shares applied they were given minimum allotment. After that proportionate allotment. 25933 x 44 =11,41,052 shares only.. Total shares offered in shareholder category was 1,81,34,105 So above 2 lakh application was there. SEBI RULE PAGE 23 RESERVATION ON A COMPETITIVVE BASIS 33.(3) 42.(5) An applicant in any reserved category may make an application for any number of specified securities, but not EXCEEDING THE RESERVED PORTION FOR THAT CATEGGORY.
Dear expert i have a internet banking in union bank i want to apply 2 applications one application in shareholders quata with 2 lots and second application in retail quata with one lot my question is how many applications can union bank allowed by using same pan same demat and same saving account
Resp.eagleye mdm I beg to differ ,with ur calculations regarding gmp,,, I think every successful retail application will get minimum lot So Rii+hni + sh = apx 6-7 cr shares available for sell,if 70℅ want to sell in listing moment ,then there will be 5 cr for sell Who will buy?Bcoz anchors,qib Also have good number of share In large quantities ipo like this 235 premium not sustainable though in mathematics is right But practically not... I guess with past experience It should be 100--130 max