I have applied for SBI CARDS ipo from zerodha through phonepe upi payment auto mode. Today i have received alert from zerodha that i have allotted 1 lot shares after that i have received a notification from phonepe to pay but the amount but i missed to pay & still my amount is in blocked in the bank account. Kindly suggest how to proceed further.
Application Details - Retail Sole / 1st Applicant S I ALI Securities applied 247 Cut off Price 755 Securities Allotted 19 Amount Adjusted 14345 Application Details - Shareholder Sole / 1st Applicant S I ALI Securities applied 247 Cut off Price 755 Securities Allotted 0 Amount Adjusted 0
China's Shanghai index gives +0.75% return in 1 month (From where corona virus emerged and highly affected)
India's Sensex / Nifty gives -12.5% return in 1 month (From where corona virus affected patients are merely under 80 and only 1 death of 76 years old person).
Still people ready to sale in market ... Strange!!!
LKP सिक्योरिटीज के हेड ऑफ रिसर्च एस रंगनाथन ने कहा, "SBI कार्ड के ग्रे मार्केट के प्रीमियम में बड़ी गिरावट आई है। इससे संकेत मिल रहा है कि इसके शेयर 800 से 850 के बीच लिस्ट हो सकते हैं। हम उम्मीद कर रहे हैं कि शेयर मामूली तेजी के साथ लिस्ट होगी।"
Alloted 1 out of 13 lots applied in shareholders category. Alloted 1 out of 1 lot in Retail. Both applications through yes bank ASBA. No amount deducted from yes bank account. What should I do to make the payment. Seniors, pl. guide.
Well company fundamental and repute is also a thing, if the market falls on Friday and continues the spree on Monday even then also loss a piece cant be more than few bucks and that too in a worse panicing situation. As SBI Cards is a huge issue of 10,500 Crore that showed a huge demand of 26 times of the issue, even if it opens below the issue price, people will rush to grab the opportunity making it to reach issue price level and further above.