I am a Tata Technologies Employee and have 3 more accounts in family (Total 4 PANs), also I have approx 30L to apply. What should be my application strategy?
Is it true that you can only make an application upto 5L in employee category?
613.1. UjwalG| Link| Bookmark|
November 15, 2023 6:55:40 AM
IPO Guru (1300+ Posts, 600+ Likes)
As far as i know, there is 5lk limit in employee category. Your strategy for max chances shld look like this 1. Your pan ,empl +sh category( approx 7lk) ( someone had pointed out that employee can apply via sh quota if he has tataM share on record date) 2. For other pan you shld go shni and remaining 2 pans ,2 bhni (22lk block) Above assumes that only you are eligible as sh on record date Or If all the 4 pans are eligible as sh then your strategy shld look like 1. Your pan, empl+sh (7lk block) 2. 2 pans , each ,shni +sh (8lk block) 3. Remaining 1 pan, bhni +sh ( 12lk block)
This shld be your strategy to have max use of capital and have max chances of allotment. Cheers.
IPO Allotment to Employees The allocation to employees will be made on a pro rata basis in the event of oversubscription.
The maximum value of allocation to eligible employees shall not exceed Rs 200,000 unless the Employee Reservation Portion is undersubscribed. If the employee quota is not fully subscribed, the unsubscribed portion gets allocated on a proportionate basis to Eligible Employees for value exceeding Rs. 200,000 up to Rs. 500,000.
IPO Allotment to Shareholders The allocation to shareholders will be made on proportionate basis in the event of oversubscription.
If an investor has placed a bid in the shareholder category for an amount exceeding Rs 200,000 and also in any other category, then the bid will be considered as multiple bids and will get rejected.
If an investor bids in the shareholder category up to an amount of Rs 200,000, he may also bid in the Employee category (if applicable) up to Rs 200,000 and any other category. Such bids will not be counted as multiple bids and will have a chance to get allotment in respective category as per the criteria explained above for each category.
Here is the extract from the RHP ( pg 462 or thereabout). (Hence Tata Motors shareholders can bid for shareholder category ( only upto 2 lac rs) as well as retail/hni and that shall not be counted as multiple application. )
'Eligible TML Shareholders Bidding in the TML Shareholders Reservation Portion can Bid up to a maximum Bid Amount of ₹200,000. Further, Eligible TML Shareholders Bidding in the TML Shareholders Reservation Portion can also Bid in the Employee Reservation Portion and also in the Non- Institutional Portion or the RIB Portion, and such Bids will not be treated as multiple Bids. Further, any unsubscribed portion remaining in the TML Shareholders Reservation Portion shall be added back to the Net Offer. In case of under-subscription in the Net Offer, spill-over to the extent of such under-subscription shall be permitted from the TML Shareholders Reservation Portion, subject to applicable law.'
Can one apply one retail and one shni upto 10 lacs and one shni above 10 lacs with one PAN. Please guide newgen consultancy and other ipo gurus.i will thankful to you.
It's better to go little over 10L and apply in BHNI 10+ and share holder if you hold tata motors or dvr shares in your demat on or before 13th nov. You can have any combination shni/retail/BHNI + share holder
No, in under One PAÑ, you can put only one application either as retail, SHNI or BHNI. You may be also knowing that limit for retail is up to Rs 15000, Shni- 2 to 10 Lakh and for BHNI it is above 10 Lakh
Why tata reduced share from 9 crore to 6 crore?????
606.5. IPOTraders| Link| Bookmark|
November 15, 2023 7:54:20 AM
IPO Mentor (800+ Posts, 400+ Likes)
@Shah bhupesh chunilal For applying SH quota, no use of buying tata motors share after 13.11.23 But still it looks a good long term pick. Disc.- Invested and biased.
606.6. Paymzia| Link| Bookmark|
November 15, 2023 8:03:34 AM
IPO Guru (2700+ Posts, 4700+ Likes)
Elan Maast
alredy pre IPO placement done 9.9% That's why reduced
606.7. Redhu Jind| Link| Bookmark|
November 15, 2023 8:17:13 AM
Top Contributor (400+ Posts, 100+ Likes)
Pls give bank name which are providing loan facility for IPO
605.3. MuStrFc| Link| Bookmark|
November 14, 2023 9:39:19 PM
IPO Guru (3000+ Posts, 2400+ Likes)
@parmod gupta I suggest you that if you are interested in leverage (aka loan) prefer something that is not tied against your holdings (shares / stocks). Reason for this is that if market moves unfavourably, the lender has the power to square off your position, so in the end you are left with not much on the table
@MuStrFc@Tejas Pandya@Jetha Lal@newgen consultancy and all senior members, i would like to know that if i book profit in a certain stock how much tax will be applied and will the tax be deducted there itself by the broker, or i have to file it with my IT?
You have to file It. Capital gains reports can be downloaded from the broker website. Better take help of CA for the same.
Jai Jinendra.....Ipo bharo aur bharne Do....
603.2. Basuvr| Link| Bookmark|
November 14, 2023 6:41:34 PM
IPO Guru (2000+ Posts, 1100+ Likes)
@NEWTOSMEIPO Tax is not deducted by broker, you have to file it with your IT returns.
Tax rate - STCG is 15% and LTCG is 10% LTCG is applicable only on profit above 1 lac in a financial year. This applicable Tax also depends on your tax slab and deduction you show in your IT.
603.4. MuStrFc| Link| Bookmark|
November 14, 2023 9:36:27 PM
IPO Guru (3000+ Posts, 2400+ Likes)
@NEWTOSMEIPO As other members have already answered, there is not much to add. Just make sure you correctly report the transactions, if they are voluminous in nature and yes much of it will be STCG and taxability arises if you cross the exemption limit which is enhanced from the next year. Further rebate can also be claimed against STCG as per total income.
Market yaa to kamaa ke ya to sikhaa ke jaata hai... Now this will be a learning lesson for everyone... Kisi bhi company ko uske market cap se judge nahi kar sakte ki wo kitni badi banegi... Company ko badaa banaati hai uska business... Jisne tata tech ka business samajh liya aur long term ke hisaab se business to track kiya wahii aglaa big bull hai... Nahi to isse pehle bhi tata tech se kaafi achche business aa chuke hai, par sirf kuch log hi paisa banaa payein hai... I am seeing many people are concerned only about shareholder quota and thinking bas 1 lot mil jaaye... Should look at the bigger picture... I hope people understood the hint...
WISH you all the members Happy NEW YEAR who celebrate the the same.
5 Biggest IPOs in India by Issue Size : 1. LIC 21,000 Crore, May 2022. 2. Pay TM 18,300, Nov. 2021. 3. Coal India15,200, Nov. 2010. 4. Reliance Power 11,563, Feb.2008. 5. GIC 11,372, Oct.2017. Now the time has come with Tata Technologies, who have not announced the size and Price band of the IPO scheduled on 22.11.2022, join the list. Wishing all the members a healthy future.
@PKRAJ Out of these five only COAL INDIA was made GOLD INDIA on listing Rest of all 5 nose dived on listing RELIANCE POWER was the worst on listing 13rd Feb.2008
@Market Advisor Now this will be a learning lesson for everyone... Kisi bhi company ko uske market cap se judge nahi kar sakte ki wo kitni badi banegi... Company ko badaa banaati hai uska business... Jisne tata tech ka business samajh liya aur long term ke hisaab se business to track kiya wahii aglaa big bull hai... Nahi to isse pehle bhi tata tech se kaafi achche business aa chuke hai, par sirf kuch log hi paisa banaa payein hai... I hope people understood the hint...
@Azithromycin Fully agreed In Stock Market I Saw so many times "Sone ki Mitti Mitti ka Sona" दूसरी बात भी मौके पर कई बार देखने को मिली है "ऊंची दुकान फीका पकवान" Reliance Power in 2008 SBI Card in 2020 But TATA TECH will not repeat that It is sure n confirm..
I have 2 demat account one in Zerodha and another in Grow so what will be best option for apply in Tata Technologies Ipo for Shareholders Quota and SHNI Quota???If Applied both then what will be preference Zerodha or Grow ??Please give some valuable comments in this matter.. Advance Thanks you..