What will one understand when 2 bidding showing , while checking for 1 IPO asba bidding on bse , 1. 2 bidding with same pan number or 2. 2 bidding with 2 different pan number
Why do retail investors rush to apply during initial days? This is a not first cum first serve method of allotment. So it is worth the wait at least until the second last day of not last day. Can we have statistics for money blocked during say the Dmart IPO? Who gains from the money blocked ? Banks? How much? Any money lenders on this board, can you please calculate, lol
Previously for RadioCity IPO, we could not proceed with HDFC bank site on Day2 till 1.00 PM. Same can happen on last day also. So better to apply on Day2
I would personally prefer to wait until as late as possible to get as much information before making a decision of whether to invest or not.
For most retail investors, there is not much of a loss in applying early as they do not apply with borrowed money. The amount is only blocked in their savings account and they continue to earn an interest on it at the savings bank interest rate. So for retail investors, no one gains or loses on the money being blocked a day or two early.
For HNIs who may be leveraging themselves with borrowed money, applying a day early would mean that they would have to pay extra money to their lenders and hence they apply only on the last day.
you have fake news if issue oversubscribed then we can get only one lot against one application people do apply through multiple accounts having different PAN
because most of retail investors will apply at cut off (460).... so there are no chances that you will get allotment given that RII is already oversubscribed.