If I apply for retail using UPI, mandate authorized and funds also blocked, will I be able to cancel my bid before 5 pm? If, yes when will the funds be unblocked..?
@RInform Since nobody has answered, i will try to answer this, with my limited knowledge of UPI application process. I do not use UPI, always ASBA.
.According to my knowledge, if it is an retail application then it can be cancelled upto 5 P.M., last day, but some brokers might have earlier timing, check with your broker first, to be very sure..
Unblocking will happen after allotment is out, same or next day..
What @Vimal Garodia Said is correct. It depends on the broker and i think that most of the brokers don't allow cancellation of ipo bid after 4.30. You can check the timing related information on your broker website. And my suggestion would be don't block the amout if your not sure because the amount will not be unblocked before allotment and you might miss opportunity to invest in some ipo or other investments.
Not necessarily , HNI Allotment in SME is proportional . The more you apply the better is probability but no. of allottees for a particular lot depends on Proportion of applicants in that lot. Usually those with deep pockets apply worth crores and get firm allotment depriving smaller pockets with fewer lots. Where subscription figures for retail and HNI are same , go with multiple application in retail category, as no. of allottees will remain same .
I have been allotted around 40 ipos and incidentally all under retail applications barring 1 in hni that too under 2 lots application. I have been applying sometimes for more than 50 lots and very regularly applying for 20-30 lots but never got allotment under these. This is totally luck bro and not the lot which matters. So keep applying at least one lot.
In Every SME, Entire Retail Quota always alloted to that persons who apply only one lot..so keep on applying one lot.. Allotment are fully on luck basis in highly subscribed IPo..I also get Allotment in many SME IPO in Retail Quota...So keep applying and hope for Allotment...
Im applying in 7 different accounts in both retail & HNI from an year & never got an allotment. Applied in this TAC also as a last attempt. If I dont get allotment, I dont want to waste my time applying & waiting for allotment in SME IPOs. decided to skip SME ipos as they are anyway risky & next to impossible to get allotment with just 6 or 7 accounts
Finally I got in Trust yesterday after applying unsuccessfully since last 2 years in SME IPOs that too from only one account in Retail may be due to subscription number for retail was only 75 for Trust
I Wonder who are those peoples who are calculating Trust's non refundable money not to be used for TAC so its subscription will be less and bla bla.
This was the NAMAN's subscription figure QIB 109.75 , NII 528.12 , Retail 328.80, and all are in multiple times. Now after allocation, QIB will have money in hands (109.75 - 1) = 108.75, NII (528.12 - 1) = 527.12, Retails (328.80 - 1) = 327.80.
Naman's 1 Lot = 1,42,400.... and TAC's 1 Lot = 1,27,200. In Short, if Naman's unused or refunded money is applied fully for TAC's then its subscription figure will be like QIB -- 120.8 Times, NII - 585.69 Times, Retail - 364.22
Trust's subscription figure is QIB - 65.38, NII-244.48, Retail-75.10 Its 1 Lot Value 1,21,200. 6000rs Less Than TAC per lot.
Both TAC and Trust's Allocation ratio is the same for all categories.
That means, with Trust's full applied money only 0.5 QIB, 0.5 NII, 0.2 Retail will have mathametical chance to get 1 application each.
Allotment Milne ke liye 2 log bhi nehi hai, aur rona dhona 200 ka.
Some are happy that TAC will have less subcriptions. Some are "Dukhi" that Trust's money is not available for TAC.
Sir, wo kaise koi bata sakta hai? I dont think anyone or very few people would have expected Vishwas agri to list negative, wo bhi tab, when market was performing so good today.
Considering fundamentals of TAC, this should not list negative or should be able to give good returns in short term itself.