SBI Cards and Payment Services Ltd IPO Message Board (Page 61)

Applied for 31 lots in employee, how much allotment expected

Guys,

I applied 12 lots in SH and 1 lot in Retail
After gng thru all msgs/ replies.....it is very hard to get at least 1 lot allotment ( fixed my mind)

Now, the point is .....SBI card IPO is blocking our amount for 7-8 days.....do we get any interest fr that amount....? Is there any such provision...?

seniors....request to pls put some light on such kind of info .....

@Ashok

You will get your SB account interest rate because the money never left your account. Only if allotted the money will be deducted so it is like money in your bank account.

Your amount is blocked not deducted hence you will get interest applicable to your account

Out of curiosity,would all shareholders who bid above 2 lakhs but have failed to bid above cut off price have their applications rejected.Believe only those who apply below 2 lakhs are entitled to apply at cut off price.This could lead to a lot of rejections

Experts please reply to this query of mine

I have applied 12 lots each in shareholder category from 3 demat accounts so now my question is that my chances of allotments are less as I have applied 12 lots from 3 different account or my chances would have increased if I applied for 36 lots from 1 demat account under shareholder category??

Any expert who can answer?

As you have applied 12 lots each from 3 accounts.. you may get 3 lots if you are verymuch lucky or you may not get any allotment as each of your application get a chance of 12 out of 25 on lottery basis.
If you were applied 36 lots from a single account, you must have get a confirmed allotment of 27 shares ( (36/25)*19=27.3). Medgeji has already explained in his brief post.

Msg No. 2083 -

1.Please note it is not only cut-off price but bids at 755 will also be considered for over subscription and allotment. So over subscription in SH quota is about 25 times.

2.But in SH quota also min 1 lot per applicant (as in RII category) may also be considered, as per SEBI rules, if I am not wrong.

You second point doesn't apply for this IPO. It's not SEBI rule it is something declared in the RHP by the company. Equitas had declared the min 1 lot per applicant. SBI had said it would be proportional method just like HNI. The more you apply the more you get. About 25 lots application confirmed allotment

listing should be above 1000 sbi cards id market goods then above 1100

SGX nifty below 11000

Gray market premium pls
Share

Mandate accept karne kaa last time kya hain???
Maine aaj 4pm ko application lagaya hain...
Par status sharekhan ke website pe pending aa raha hain and baar baar sharekhan se messege aa raha hain ki mandate accept karo karke...

Finally 33 demat acc se maine aaj final laga diya ipo. But bahut confusion h samjh nhi aa rha h ki kitne me list hoga. I thing 30% premium me open hona chahiye. Any expert guide me

33 demat acct ke malik aap hai, expert bahar dhund rahe hai

hi guys, Please reply me....my query is little out of topic but i am worried now....

Actually i have applied for 92 lots (13.2 lakh rs ) in NII category so i will definitely get 2 lots...but my main concern is that this all money i applied from my yes bank account through ASBA but today some news came about yes bank that SBI/LIC may buy stake etc so i am worried that RBI may put some withdrawal restriction on yes bank too...
and allotment in this ipo will happen after 7 days , then only i can transfer funds from yes bank to my other bank account....
so should i cancel my application and transfer my funds tomorrow or can i take risk for 5 days for my 13 lakh rs just for 2 lots of shares means around 8K profit....

Friend, dont worry about your money. You will get it. there could be some restrictions in withdrawal limit is imposed. but your capital is safe.
If you want to withdraw your application after closure of IPO, you will have to write to register of the issue. No doubt, your application will not be considered for allotment but your blocked money will not be released immediately. It will be released only when the refund process starts after allotment process is over. Again you will loose on both counts. Just wait.. let the money unblocked after allotment and scenario will change by that time. Dont worry.

#BREAKING | Govt effects moratorium on Yes Bank from 1800 hours March 5 to April 3. Moratorium stays commencement/continuance of all actions against Yes Bank; the bank cannot pay depositors more than Rs 50,000 during the moratorium period

I have applied for 39 lots in Retail Category, how much allotment can I expect?

I have applied through zerodha and my bank is HDFC but it is showing amount blocked 000...at Zerodha app and when i check in Google pay it shows first 2 checkboxes as checked but amount withdrawn in pending. What should I do?

It shows amount blocked as 0 at Zerodha app but bid placed successfully? I also approved from Google pay but last step of amount withdrawn is still in pending state.

R.k.damani put 6k cr in ipo
-unknown source

2,82,78,365 share in price bid so near 14,88,334 lotin price bid...
so application wise subscribe 1.7 time if remove above application+third party application
to sab ki diwali hone wali hai...

2 lakhs crore amount of bids excluding anchor bidding has been bids in this ipo still people fearing listing. I don't understand how much amount of bidding should have satisfy them.

RHP, Page number 418..

Does this mean everyone in SH, NII, and Employee will get proportionate shares? It seems the same concept of QIB. Can anyone confirm the previous IPO's experience?

Method of allotment as may be prescribed by SEBI from time to time

Our Company will not make any allotment in excess of the Equity Shares offered through the Offer through the offer document except in case of oversubscription for the purpose of rounding off to make allotment, in consultation with the Designated Stock Exchange. Further, upon oversubscription, an allotment of not more than 1% of the net offer to public may be made for the purpose of making allotment in minimum lots.

The allotment of Equity Shares to applicants other than to the Retail Individual Investors and Anchor Investors shall be on a proportionate basis within the respective investor categories and the number of securities allotted shall be rounded off to the nearest integer, subject to minimum allotment being equal to the minimum application size as determined and disclosed.

The allotment of Equity Shares to each Retail Individual Investor shall not be less than the minimum bid lot, subject to the availability of shares in Retail Individual Investor category, and the remaining available shares, if any, shall be allotted on a proportionate basis.

What if registrar rejects all third party retail applications❓

Anyone can guess then how much will be rejction % ❓

Around 8 to 9 lakh I guess ..

Have they really invested in such a system or were they just giving out that information as per regulations?

According to the subscription data, it is very likely that in RII near about every 42 of 100 applicants would be allotted 19 shares irrespective to their application of 1 to 13 lots applied.

57 to 58 applicant out of 100 applications in RII will get 1 lot

yeah that's the ratio now with 1.73x app wise

So finally we block Rs 2.70 Lac cr. amount in this IPO. and you know?? Total value of pakistan stock market is Rs 4.55 lac cr. ????????????

Not 2•70 lakh crore Sir........ITS 1•97 lakh crore Sir.... Delete anchor investors from your list 3000 crore.........

yes, that's true