Allotment came today night. Because Linkintime site show empty company name. So data Uploading work in progress. I think allotment out on site up to @ 9 P.M.
Agreed..... There r few who provide inputs without biasness and that includes u too.... @jethalal @monster zero @tesonaj .... it ls quite interesting to read ur posts
Since I have everyone's attention here due to allotment, I'd like to share something. : Yesterday I bought some shares for delivery but sold later in the day as I saw good profit, logically the transaction should be considered as intraday as per rules. But shitty UPSTOX charged brokerage as per delivery rates. Which is 3x the charges compared to brokerage on intraday. SO BE CAREFUL WHENEVER U TRADE IN UPSTOX OR ANY OTHER BROKERS. KEEP AN EYE on CHARGES. I have done similar trades in groww from last 2 years , but the transactions were charged as per intraday and delivery separately, whatever maybe the case. It is good that brokers tell you charges upfront but it is in our nature that we trust them after verifying for couple of instances. Be aware of such things. All the best for allotment
The exact trade, ideally the trade should have gone into intraday but they took it as delivery. The text i received after market closed , Dear Client, UCC: ****** Date: 22/08/2022 NSE/R158-22 Trade: ***** Buy: 400@136.50 Sell: -400@139.00 Bill Amt:Rs.806.63Cr (profit from 1000) [1] - Team Upstox
Admin blocked the image, but you can go to Upstox brokerage calculator and use the above values to see the difference between charges. Bottom line , they charged me 180 instead of 69.
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August 23, 2022 5:18:46 PM
Top Contributor (200+ Posts, 100+ Likes)
I use zerotha for all my family accounts, they are honest since i opened account, you can also refer sample calculator from following link
I don't like zerodha because of AMC, as I will be paying 100x more in form of brokerage than AMC because of yearly trades. If I am not using their services why should I pay maintenance.
Last key thing, Upstox blocks 100% of the funds if you do BTST. As per sebi rule only 20% of the funds can be blocked but shitty Upstox. The only thing I use Upstox for is pre-open IPO selling, and even this is kind of fading away as most IPOs shine after listing.
I think 1 important thing you have missed here is the security.. If the following trade is of TGV Saarc which is in ASM - 1 Short Term list, then MIS is blocked for this security and hence you will have to do delivery only... and also 100% will be blocked for such securities.. Can refer to this site for more details.
First the site of linkintime will show errors as usual with all ipos, then only Allotment will be out. If say error is shown around 6 pm then allotment to be out around 9 to 10 pm not before.
@All, I know this could be a basic question, which I'm not aware hence asking. To open Demat + Trading account for anyone, does their Mobile number & Aadhar card should be linked?
@IPO Wizard, Thanks for quick response. I'm opening this demat account for my mother. My mobile number is linked to Aadhar. Can i give my mobile number to my mother demat account?
Same mobile number can be used in multiple demat . PAN number is the main identifier. Mobile number is for communication such as OTP,SMS and to link a trading app. Which means 2 instance of a trading app can't be used in same mobile .
If your and your mother's trading a/c are from same broker then give different mobile number.