Out of topic Can Karnataka Bank provide ASBA facilities? Any one knows ? Plz reply .
162. Romy HNI| Link| Bookmark|
February 13, 2023 9:22:54 AM
IPO Mentor (500+ Posts, 400+ Likes)
Reasonable Listing expected due to high subscription specially from HNI....
What's your view?
161. G profit| Link| Bookmark|
February 13, 2023 8:40:36 AM
IPO Mentor (1000+ Posts, 300+ Likes)
Not to this company. Main board Elin electronics declares poor results , today trading at 10% down, trading at 170. Promoters know that the company will post poor result , even then they issue shares at high premium at rs. 247/-. Just open looting. Public are the sufferers. Not able to post this message in Elin window, so posted here. Kindly excuse
OFF TOPIC: Vedant Assets limited has successfully launched there "Digital Payment Platform" as VEDANT PAY. That could be a Big Breakthrough for the company. Disclosure: Holding one lot since listing.
159. Trueinfo| Link| Bookmark|
February 11, 2023 1:15:51 PM
IPO Guru (1800+ Posts, 1700+ Likes)
Anticipating heavy subscription, applied conservatively, keeping funds spare for other IPOs, where allotment chances may be better.
159.2. Trueinfo| Link| Bookmark|
February 11, 2023 3:09:46 PM
IPO Guru (1800+ Posts, 1700+ Likes)
@ Romi dear, I will be taking chance in Indong Tea and Lead Reclaim. I know, it may be risky, but I will take that risk. It may please should not be considered as a recommendation for others to apply. Request everyone else to have their own judgement and risk assessment before applying.
159.3. Romy HNI| Link| Bookmark|
February 12, 2023 8:45:24 AM
IPO Mentor (500+ Posts, 400+ Likes)
I have just now done it in kotak bank online and applied using ASBA against that FD balance. Most of my other banks like indus, Aubank have denied this facility
Thankyou so much everyone, it will be great if someone can help me in this case with ICICI bank specifically. As I am already having Fixed Deposits in it.
@Pratham, can you tell if you have done it in Indus yourself? Asking as my RM has said Indus does not allow FD-backed ASBA and that is the reason i moved my funds to Kotak for FD.
Aaditya In icici if you do money multiplier deposits, it would do the same , fd balance linked to savings and then you can apply full amount using asba.
Yes Rohitsme Front end of banks, usually aren't aware of this. I don't know why but they should have such knowledge.
Process is you create online fd ( i repeat not physical fd) through netbanking and then there is an option in netbanking which says link fd to savings ac. Then you are able to use the fd balance for applying ipo through adding demat details on Indusnetbanking. I have done the same for zerodha and apply asba.
156.8. Imhilli| Link| Bookmark|
February 11, 2023 4:38:15 PM
IPO Guru (1200+ Posts, 700+ Likes)
Yes.. Mr Pratham is correct... There are many banks who does it... I know PNB, HDFC does it... but not SBI
@Aditya, Use money multiplier deposit in ICICI Bank, u will get the option while creating deposit. I have account in ICICI and using the same method for creating FD. The FD will be released in LIFO method, when required in case of multiple FD using money multiplier.
@Rohitsme I think don't ask the banker for FD backed ASBA. Most of them will deny or not aware. Better ask them for How to link the FD with Saving Account. Link urs FD with saving account, if allowed and do the transaction as you want for ASBA.
please forgive me as i am completely new for the IPOs. i have applied IPO through Zerodha account, my bank is Kotak, my upi is xxxx@kotakbank, do i have to approve the UPI mandate in kotak mobile App?
150.2. Learner SK| Link| Bookmark|
February 10, 2023 8:10:58 AM
Top Contributor (1000+ Posts, 200+ Likes)
AAG : Here is the math:
Total QIB portion is 25.06 L shares (48.42% of the issue size). Out of which Anchor is 15 L shares and Balance Non Anchor is 10.06 L shares. CG site shows Non Anchor subscription time. So with 8.73 times subscription in non Anchor potion, the total shares applied for by Non Anchor is 10.06 L *8.73 =87.82 L shares.
Now add Anchor portion (there is never over subscription in Anchor book) of 15 L shares. Total QIB subscription is 87.82 L + 15 L 102.82 L shares in both Anchor and Non Anchor (QIB quota).
102.82 L in QIB quota of 25.06 L is 4.10 times and not 21 times as mentioned by you.
If we add Anchor, overall times subs is always LESS not MORE.
@amit jetpur Bhai AAP zyadatar 11 retail application hi lagate ho aapka allotment experience kaisa Raha hai SME ipo me ?? Retail me milta hai ya HNI ki hi jai hai?
148.5. Amit Jaipur| Link| Bookmark|
February 9, 2023 11:10:42 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Pandya ji kabhi kabhi kuch mil hi jaata hai. All depends on luck as its pure lottery. Anyway more chances are there in Big HNIs. The bigger u apply chances are more of allotment.
Genrally sme companies declare result half yearly, but this company is giving result in next week, handsome profits low debt, allover portfolio stock......
Yes arca ji thats why took entry in that...although company is great only problem is float is big.........
147.3. Ipoaspire| Link| Bookmark|
February 9, 2023 11:37:12 AM
Top Contributor (300+ Posts, 100+ Likes)
All the best and congratulations for.o have added 2 more lots today all e tech..and the same with RBMINFRACON it is good for long term.fluctuations are temporary..but RBMINFRACON also going to post good results with expected profit of 7+crores.
Brother I am not the right person to give target, taken entry because of good company available at attractive rate in morning 105/- and results is scheduled.
Arca can help you in this regard
147.10. Arca| Link| Bookmark|
February 10, 2023 8:25:25 AM
(1000+ Posts, 500+ Likes)
I am very much confident this stock would become double can't tell the time frame exactly. Ekennis grew after 4 months if it follows same pattern there is two more months for it to grow,it may a take a year also considering qib portion. Keeping old patterns aside,this ERP consulting business is good and their venturing into latest Microsoft dynamic 365 rather than old sap or oracle.with latest improvements in Microsoft products with chat gpt i find this business a huge opportunity. Let's see
Hi all, This is a slightly off topic but can esteemed members of the forum like @Noorul @Lokes @GJ @AmitCheda etc share some light on Vital Chemtech. Have been holding it since allotment. What should be done? When are the results going to be declared? Thanks in Advance
Miss the wonderful insights of Jetha Lal who was an expert in Speciality Chemicals sector and instrumental in successful investments for several people in Aether Industries. Wish he comes back to share his valuable insights again at the present moment. 🙏
i had applied 40 lots. should hv joined. in earthsthal i applied 40 and 30 lots. none allocated. both rows absent from sample BoA. So, cant say for sure, if i was considered for lottery or not. Best is to join bids for odd lots with other people in CG forum. Hence forth i will be able to join with any lot numbers between 39 - 45 if people can decide in advance.