Shri Techtex Limited IPO Message Board (Page 6)

I have done this in ICICI.
Booked Flexi FD
ASBA gets blocked on amount equal to Clear Balance on Bank+Flexi FD
IPO laga toh Flexi FD se adjust ho jayega nahi laga toh FD waise ka waise hi rahega.

i do the same with ICICI

Thanks for your response. Could you please let me know do we get fdr rate of interest for the 3 days when funds are under block for ipo. Please share your contact number if comfortable

@Scrip Hello, would you share what is flexi fd int rate ? lower then normal F.D ? what is min balance requirement etc ?

@Ascension, flexi FD rate is the same as normal FD..

In ICICI Bank, there is a provision to create FD as money multiplier which is actually a Linked FD with your saving account. If you apply in IPO using the same, until the fund matured, it will remain continue as FD and you will get interest on the same. Once you got allotment and fund will be utilised, than only yours FD will be matured.
Note: If you hv excess fund of more than Rs. 10,000 in saving account, 1st saving account balance will be used and balance amount will be matured from FD. You can park the excess fund in Money multiplier FD which is linked with urs saving account to get higher interest. Whenever you use urs saving account having insufficient fund, urs FD will atomically matured in such amount that saving account will retain 10,000 in minimum.

Hope this clarify.

@Ascension 
Rates and penalty rules r same as that of normal FD.
Minimum balance for any FD is 10,000.
Max 2Cr.

Rest very well explained by @SME INVESTOR

Good to know about ICICI bank. Does anyone know if SBI or IOB has something similar?

Any such option in hdfc bank?

SBI PROVIDE THIS FACILITY.
ITS CALLED SB PLUS ACCOUNT

Yes Bank >> Create normal FD with Linked option. Then you can apply IPO. If IPO allotted then only that amount auto debited. There is NO penalty for senior citizen account, so that extra benefit.

Kotak Bank >> Create any normal FD and then Linked it to savings account (everything can be done online in just 2 min). If you create FD of less than 180 days then NO penalty.

IDFC First Bank & HDFC Bank XX NOT ALLOWED XX IPO ASBA from FD

I also feeling the same and i think shri techtex allotment may come today.

On a contrary think this way , if they release on time , that is by 3rd morning ppl will apply in Oriana Power SME , but if they delay it and release fund after 5 pm on 3rd , ppl ultimately apply in Vinsys IT sme ipo ... so from Registrar point of view which is better ????

but i feel they will release it on time ...

Quit mirza, keep the rest two

@Monster Zero You were very bullish on Mirza? Any reason for change in view?

Thank you @Monster Zero for your prompt response. Kindly post some more new stocks to enter as your predictions are spot on.

@Aman Ipo  Book value down to 33, mirza has a very low eps...so i think its fair value is 43 and i have 1000 shares at 47.5 and already have placed gtt order for 1000 shares at 43. A long way to go for mirza to reach century.
​@Dr. Vara  Refer to messages, just posted a list, it may get deleted soon by admin. Not my fault.

.. and Red Tape? Will that see day light? Huge loss to me with Mirza @265 before demerger. Red Tape has given us RED TAP. Wonder how SEBI allow such lethargic action and looting of public.

@Dr. Vara Keep Syrma, and exit if it closes >20% from ATH on weekly closing basis (for ex: Current ATH is 512, so SL comes out to be 461.
Repeat the same thing for Likhitha also. In fact, you can follow the same thing for IPOs.
If you get allotment, then SL should be = Listing day low on daily closing basis.
This is basically Momentum trading.

Issue price?

SME or Mainboard?