Many experts stated on this forum that allotment methodology for shareholder category is same as that for NII category. If so both categories should subscribe similar number of times eg if one category is subscribed 30 times then another category should subscribe say between 28 to 32 times. Why so much of difference? NII category is subscribed 45 times while shareholder category is subscribed only 25 times. I assume other category means shareholder.
Thanks for reply Johny. I agree with you. But why NBFCs ask for higher margin for shareholder category?
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March 7, 2020 9:13:17 AM
IPO Mentor (800+ Posts, 1000+ Likes)
To avoid Margin Calls. If SH quota does not get enough subscriptions then many SH might get allotment more then Margin Amount deposited which would result in Margin Calls.
I recall withdrawing from an IPO several years back ( 3-4 years ago) Can it be done nowadays. I think even at that time, applications were out through ASBA. I quick reading/ search of the RHP did not yield any result. As a legal principle, any request for withdrawal must be allowed before the actual allotment. Any person familiar with this and have done it in the recent past may pls advise. ( Have also written on email seeking clarification from the company as per email provided in the RHP). I am sure if the mkt falls by 1000 pts on sensex on Monday, it might not be a bad idea to withdraw the applications
WHAT IS THE MEANING OF FIXING OF PRICE 755. IS ALL BELOW 755 WILL BE OUT FROM RACE ? HOW MANY NO OF SHARES WILL BE REMAINING FOR ALLOTMENT FOR ALL THREE CATEGORY, I.E. RETAILS, SHARESHOLDERS,EMPLOYEE.
@ Hitesh g Hitesh Bhai bhala kise ka kar na sakoo too bura kise ka mat karna ....pushp nai ban sakte too kante ban kar mat rehna.....Take it lightly dear sir...
I had applied to sbi ipo via ICICI ASBA. i had modified the ipo. I reduced the number of shares from 57 to 19. Initially, amount was blocked for 57 shares, but now as i have reduced the number of shares when will the remaining amount be unblocked? The amount is still blocked. Experts please reply.