Taxmen will be watching the Investors who Investment exceeds > Rs.100,000 in purchase of any shares or IPO. Keep a Tab on it, you will be called for Personal Hearing over the Investment. Hence Keep a proper track record for sourcing of Such Cash Flow.
This is the beauty of ASBA that money is not deducted from your a/c.It is only blocked till allotment.So you will earn interest till that time on daily basis.Enjoy it.
When will the allocation starts ..I did via ASBA but still don''t see money deducted from my amount..even linkdirect doesn''t have the link updated for this IPO..
Your trading account will have the feature to apply via ASBA or non-ASBA. Benefit of ASBA is money will be in hold and we can get the interest on it..and only once allocation if confirmed money will be deducted from the account.
Snowman Logistics IPO Retail allotment likely around 1:18 Snowman Allotment to retail category 1:18
TOTAL APPLICATION RECEIVED 262642. FOR ONE TIME REQ. 14000 APPLI OF 300 SHRS. RETAIL SUB. 41.26 TIME IS ACCORDING TO 300 TO 4200 SHARES TOTAL APPLICATIONS. BUT ONLY 14000 APPLICATIONS WILL GET ALLOTMENT. NOW 262642 / 14000 = 18.76