Just see the figures of subscription. Retail only 5x where as sHNI 13x till now. It shows that retailers who have goog Financials have shifted to sHNI. If allotment is there good profit. So retail subscription is very less. So, something is also there for people with low financial.
Also keep in mind that each shni is 14 lots ( as no use applyinh more than that)and will receive 14 lots whereas most retailer apply 1 lot ....so don't be blinded by the number....infact due to the new rules the subscriptions in hni has gone down as there is lottery in hnj too now..... And for now probability in getting 1 lot is better than probability of getting bundle of 14 lots
Even it was not released in HDFC but i released it manually. I don't know if there is such an option in other banks. Check it. Cut off time 3:30 and 4 in some banks
@Deepblue You are really Great. You released it manually. Heard first time. You have released the tension of many subscribers, if it is possible and true. Is it possible at any time? I'll not ask you to elaborate.
@Ramasamy , sir u r absolutely wrong, BHNI will get 1 out of 4 applicants. Kindly go through BoA of ipo after new allotment system to understand the allotment process.
Hello, Just wanted to know that retail shows 4.71 times subscription. If i have applied 8 lots from one acct does that mean surely i will get one lot and then some proportional shares like what happens in shareholding???
No , you might get 1 lot that too if u are very lucky
342.2. Lokesh Chiru| Link| Bookmark|
August 18, 2022 4:21:12 PM
Top Contributor (400+ Posts, 300+ Likes)
In Retail if issue gets oversubscribed more than 1 time in terms of applications then allotment is purely based on lottery. It does not matter if u apply 1 lot or 13 lots but u will get only 1 lot maximum or nil shares.
@nileshm Your chances of allotment is always there in any category. Just apply according to availability of funds. Luck favors the brave. Nobody is there to say about your chance. Only your luck is your chance.
@Vivekk ... kindly understand the allotment system properly , In case of OS in BHNI category there is firm allotment if it is OS 4.85 times as BHNI will get 14 lots only to 4000 applicants though they are applying for 68 lots. thus 68/14 i.e, 4.85
339. Kami| Link| Bookmark|
August 18, 2022 3:45:03 PM
Top Contributor (300+ Posts, 100+ Likes)
upstox is not allowing bid over 2 lakh in upi ?
339.1. ℙ𝕣𝕠𝕗𝕖𝕤𝕤𝕠𝕣| Link| Bookmark|
August 18, 2022 3:57:41 PM
Top Contributor (600+ Posts, 200+ Likes)
As Retail full lot applicants moved to SHNI, the number of times in Retail may end up around 6, giving better chance to those who make many single lot applications. SHNI may subscribe around 20 times and about 5% will get 14 lots each.
Apply with full force, FII and Mutual Fund apply heavily....low volatile on the listing day.....apply and forget it for 5 years mark my word ....rewarded heavily....thank you
While applying in SHNI through AXIS Bank it gives error message " Kindly select bid type". However I have selected bid type as RII. Can anybody guide me?
In Axis Bank you can apply sHNI. No problem. In retail category apply for 952 shares with price @ 220. Don't click on cut off. The amount will come automatically 209440. Very easy. In first attempt you will your application will be accepted. Still any problem try again. Second attempt will not be required.
@ Pratham..... No. In Axis whether you are applying for Retail or sHNI or bHNI, in all cases you have to select RII as category from the dropdown. RII covers all individual applicants. The only difference is that while applying for HNI category, you cannot select cutoff price but have to manually enter the bid price...like in Syrma's case you have to enter bid price as 220 if you wish to bid at upper end of price band.