What is the best way to apply for IPOs ? Through apps like kite groww etc by UPI mandate Or Through direct bank asba methods or bank demate services ? If any other options , in which chances of errors are less and of allotment are high
The best way by a long way is ASBA. Chances of errors are very less. (Though PSU banks do not reallly shine here too!!) It has been a stable platform for many years.
And i think 3 in 1 Ac with bank and demat provider from same group of companies would be better, though i do not use those..just a guess.
As far as chances of allotment goes there is no difference at all between UPI and ASBA, It is just luck..
Ok Thanks for your valuable opinions I have always applied through kite app and UPI mode
1858.4. Prince 🤴| Link| Bookmark|
November 25, 2023 6:39:35 PM
Top Contributor (500+ Posts, 200+ Likes)
GEN-Z : UPI IS THE BEST 😎💫
1858.5. AryanRaj| Link| Bookmark|
November 25, 2023 7:26:26 PM
Top Contributor (600+ Posts, 100+ Likes)
UPI has own benefits like it is unblocked early, can be used after seeing QIB numbers and pretty easy to use for someone not tech savvy as all details are prefilled by broker but but but often UPI has issues due to investors own fault, not getting mandate on time. ASBA is easy, better option but only thing lags is time limit on last day, most banks close it as 3pm. Also money debited or unblocked is late than UPI. So that extra tension is there. For good IPOs I dont take chance and use ASBA. For IPOs like say IREDA or Fedbank I use UPI only to accept or reject it later after looking subscribtion data.
Netbanking ASBA is best.. as par my several years experience..
1858.7. ipo share| Link| Bookmark|
November 25, 2023 9:49:42 PM
IPO Guru (1600+ Posts, 800+ Likes)
@VIKRANT BALUNI No doubt, ASBA is far better than UPI because your application is submitted instantly in ASBA. Many times, applicants don't receive UPI Mandate. UPI becomes very good option when you are in dilemma whether to apply or not because you get time upto 5.00 pm to accept mandate after seeing QIB / HNI subscription.
GMP is dropping rapidly...Both for TATA and IREDA....Given this sudden rush of listing before 3rd Dec (election result) along with FPI/FIIs withdrawing large sums of money out of Indian Market (Berkshire exited PayTm in loss this week, FII Promoter of Home First sold stake this week, etc.), Do they know something that we don't? Is there a surprise expected in the election outcome next week which may provide a big shock to the market in December and subsequently build for larger shock with respect to General Election in May 2024?
1856.1. MuStrFc| Link| Bookmark|
November 25, 2023 5:55:58 PM
IPO Guru (3000+ Posts, 2400+ Likes)
Would you create some hedge for such speculations? If yes, then the FII's know which something small investors don't
1856.2. Huzefa| Link| Bookmark|
November 25, 2023 6:14:06 PM
Top Contributor (300+ Posts, 200+ Likes)
Well, no body knows the election outcome. So FII always exist part of their portfolio and play safe. Assembly elections usually does not decide the wave for Central elections but if there is a clean sweep by Congress and KCR, then definitely it will make FII's very nervous and Monday will see another Blood bath in Indian stock exchanges.
Oh is it? I heard Rajasthan is a done deal with BJP coming to power there and Chhattisgarh going to Congress while MP is very tight like last time, however, congress has their nose ahead slightly. But I was hoping even with this outcome, market will still be confident of BJP coming back to power in 2024 and hence, avoid bloodbath.
Looking forward to Exit Poll outcome now on 30th Nov.
1856.5. PUSHPaa| Link| Bookmark|
November 25, 2023 7:45:56 PM
Top Contributor (200+ Posts, 100+ Likes)
@Satish Ramakrishna Don't spam these kind of political messages..,It will create controversy in this forum..How can u definitely say BJP is out in MP & Rajasthan?? I think u r from AP, I clearly see ur intention in this message.. @Admin @ Chittorgarh.com Once look into this message..
Assembly election result on 3rd Dec, 2023 will definetly set the trend for General election to be held in May - 2024. So, market will behave according to assembly result on 4th Dec,2023.
1856.7. jay here| Link| Bookmark|
November 25, 2023 8:25:54 PM
IPO Mentor (800+ Posts, 700+ Likes)
@Satish Ramakrishna@Ordinary Guy It is not recommended to talk about an individual political party on this forum, as it may not be useful or interesting to others.I possess a strong passion for politics and have the task of analyzing who's winning where, but this forum is not meant for this discussion.While we can talk about the election process in general, it is forbidden to name political parties or predict who will win.
So please refrain from discussing political parties/winners here🙏
FIIs, market and Indians have got used to stability and massive reforms, as per Morgan Stanley report if 2024 verdict is Not as per market's liking then the market can tank 30% or more.... hence there is lot of chatter, rumor and concerns about December 3rd verdict...
Certain political comment and views Cannot be stopped as market and economy's fate in interlinked with stability in nation's governance & pro-reform policies etc etc... so it cannot be avoided... just don't post strong politically color post... we as market participants Just Want 8% GDP growth, stability (not aaya Raam, gaya Raam), reforms, low inflation & low interest rates...
In my personal view Even if BJP's govt return with coalition it Won't be good for market.... coalition means blackmail, NO reform, No accountability just remote controlled.... waste of nation's time...
1856.10. Rakcyt| Link| Bookmark|
November 25, 2023 8:46:33 PM
IPO Guru (1300+ Posts, 1300+ Likes)
Hey guys .. let's be clear Bout all FII as well as foreign companies ....their calender year/ FY is Jan to Dec Nd hence they do sell to earn and distribute profits as dividend in last qtr ie , oct to Dec every year .....np surprise this year ....rather the situation is not at all alarming as thier long position is already down in 20s only....further they have stopped selling and are buying long / cash in equity.....state election can play some role in short term but finally that is not decisive for long term .....let's be cautious but positive
@jay here I hear you. My intention was never to promote or endorse any political party. However, as stated correctly by @New Kid On The Block - Markets and National/State Politics are extremely interlinked, which I presume you won't deny either. On the day after Exit Poll/Result, we shall certainly see the impact on the market (either way) and on the subsequent listings. Point made by @Rakcyt is a valid one and Calendar year factor should also be considered as well.
However, what is confusing me is India VIX levels. If FII's do envisage such tanking in the market, their sentiment should have reflected on VIX and their derivatives positions, which hasn't happened so far.
It seems fii pundits expecting market to tumbling few thousand points on states election results day which expectations are tobe stunning and gmp may vanished if listings on results.
Just went through SBI CARDS BoA to get idea of shareholders portion rejection and I was stunned. SBI Cards got 532159 applications in shareholder category out of which only 87723 were valid applications. Almost 83% applications got rejected. If in TATA also same thing is happened then we can expect almost full allotment to 13 lot application. IMO.
@Stockoholic• , Requesting you to check the data again. Only around 1.4% of the applications were rejected.
Below data from SBI Cards BOA for Shareholder Category Oversubscription before Technical rejection - 23.5267 Oversubscription after Technical rejection - 23.2110
So, only about ~1.5% applications were rejected on Technical grounds in SBI Cards. Any I'm expectation slightly higher rejection percentage in Tata, but that may not exceed 10%.
Linkintime should make record by giving allotment today.
1853.1. Vaibhavvd| Link| Bookmark|
November 25, 2023 8:51:33 PM
Top Contributor (300+ Posts, 100+ Likes)
Aaj deke bhi kya karega, Monday ko market closed hai.. or Thoda unko bhi sans lene do, 4 main line ipo hai, ek me to shareholder quata bhi hai . So much data needed to filter..
Meanwhile Lagta hai KFIN TECH RTA ka time nai chal raha..
HOS - Tata Technologies may not list as per T+3. It might get pushed to T+4. Other IPO's would list as per T+3 schedule as happening for last couple of months.
So, chances are TATA Allotment will be out on Wednesday night/Thursday morning.
1851.1. UjwalG| Link| Bookmark|
November 25, 2023 8:23:08 PM
IPO Guru (1300+ Posts, 600+ Likes)
So guys who took funding for this ipo will pay extra from pocket.
1849.1. AryanRaj| Link| Bookmark|
November 25, 2023 5:54:27 PM
Top Contributor (600+ Posts, 100+ Likes)
Bhaiya kisi ko sahi mein pataa hoga ki 20 taka munafa nakki milega to wo idhar jhak nahi maarta hoga. Stock market mein koi kuch nahi janta. Mamaearth 36% bhaag liya, protean listing ke baad usi din mein 30% de gaya. Yahan kisi ko yeh pata hota to ab tak kharabpati ban chuka hota. Aur agar tata tech aune paune daam pe khula to 20% mahina to kya saal bhar bhool jao. Bottomline - koi kuch nahi jaanta.
1849.2. Basuvr| Link| Bookmark|
November 25, 2023 6:25:54 PM
IPO Guru (2000+ Posts, 1100+ Likes)
@AryanRaj This is not the right language to use in this forum.
@AryanRaj you have described reality of the market in brevity ,these words seem to come from your heart.
1849.5. AryanRaj| Link| Bookmark|
November 25, 2023 7:14:51 PM
Top Contributor (600+ Posts, 100+ Likes)
@Basuvr I stand by my comments. I have said nothing wrong. I am not targeting anyone here. What I said is if someone could see future returns he or she won't come and spend time here. Is it wrong? No one among us are able to foresee future. We share our knowledge, wisdom and experience. Guy I answered has wrong interpretation of returns that could be possible and it is your and mine duty to let people know the honest reality. Truth is often painful and I said only truth. I have not accused anyone not hurt or misbehaved with anyone as per chittorgarh guidelines.
1849.6. Basuvr| Link| Bookmark|
November 25, 2023 7:21:46 PM
IPO Guru (2000+ Posts, 1100+ Likes)
Whatever you told is correct but could have used decent word. Thanks 🙏
इसमें गलत क्या है कि यदि किसी को शेयर बाजार का भविष्य पता हो तो वह यहां पर झक मारेगा, कुछ सालों नहीं ,महीनों नहीं दिनों में ही झुनझुनवाला,दमानी बन जाएगा। जब अडानी नहीं समझ पाया और उसके साथ खेल हो गया। सभी विश्लेषक IREDA को 2× दिखा रहे थे,8 BHNI में 0 है। IPO- MEDANTA,YATHARH,EWS,SENCO,MAMA,PROTEAN इनका किसी को पता था क्या? सभी आए और बिक गए, इसलिए भाई, रहा सवाल टाटा का यह तो रतन टाटा जी भी नहीं जानते ,हिम्मत है तो डिलिवरी ले कर रखो, हर भाव आएगा आगे या पीछे बाजार को दो ही जाणे, राम जी या ओपरेटर बाकी सब धूल में लट्ठ किसी को मेरी बात समझ न आए या बुरी लगे तो माफ़ करना पर हकीकत यही है🙏
1849.10. jay here| Link| Bookmark|
November 25, 2023 7:58:06 PM
IPO Mentor (800+ Posts, 700+ Likes)
@AryanRaj Has said nothing wrong,the statement was made in a general manner! the truth is a bitter pill to swallow. @Jai kuber devta In my view chances are high that it will definitely move ⬆️ post listing but cello listing has impacted my thesis even though there was huge demand by Qibs still it didnt run post listing so be little cautious.Dont go blind here buy with proper stop loss and adjust quantity as per your risk appetite.
सर्वे भवन्तु सुखिनः, सर्वे सन्तु निरामयाः
1849.11. Mr. Singh| Link| Bookmark|
November 25, 2023 8:03:18 PM
IPO Guru (1000+ Posts, 600+ Likes)
@AryanRaj Described correctly with normal language.
1847. Basuvr| Link| Bookmark|
November 25, 2023 7:27:18 PM
IPO Guru (2000+ Posts, 1100+ Likes)
SEBI meeting LIVE: Expect to have T+0 settlement by March 2024, instantaneous settlement by 2025, says Buch
1847.1. DuckkyDuck| Link| Bookmark|
November 25, 2023 7:35:27 PM
Top Contributor (200+ Posts, 200+ Likes)
We know that lottery in SHNI and BHNI is helpful to some extent. But problem with it is it allot 14 lots share to one person. People not able to handle this and selling pressure increase on listing. This was a good move by SEBI but still have this problem of allotment. Do you/other board members think SEBI will do anything about it? Like reducing the allotment size to SHNI and BHNI.
I asked Google Bard whether registrar can manipulate the allotment? And here is the answer it generated :
"Yes, the registrar for the issue can manipulate the IPO allotment in a number of ways. For example, they could:
Favor certain investors by giving them a higher allocation of shares. This could be done by using a biased allocation algorithm or by manually overriding the allocation results. Create fake demat accounts to corner a large number of shares. This would allow the registrar to sell the shares at a profit in the aftermarket. Use insider information to know which investors are likely to get a high allocation of shares. This information could then be used to trade the shares in the aftermarket. If a registrar is suspected of manipulating the IPO allotment, they could be subject to penalties from the Securities and Exchange Board of India (SEBI). These penalties could include fines, imprisonment, and a ban on working in the securities industry"
Experts view on this?
1841.1. MuStrFc| Link| Bookmark|
November 25, 2023 5:57:29 PM
IPO Guru (3000+ Posts, 2400+ Likes)
What if the training module fed into Bard is manipulated in itself?
1841.2. AryanRaj| Link| Bookmark|
November 25, 2023 6:04:35 PM
Top Contributor (600+ Posts, 100+ Likes)
Linkintime is famous for dubious allotments. For example I have not missed single IPO which could have given good returns but last 3 IPOs I remember they gave 1 lot are Kaynes, CE Info and Supriya. Now today after almost a year got 1 lot of IREDA. Even paytm, cred and google pay are much better in rewarding the luck with 4-5 rs cashbacks. Linkintime to bas thullu deta hai.
1840.1. Paymzia| Link| Bookmark|
November 25, 2023 12:46:56 PM
IPO Guru (2700+ Posts, 4700+ Likes)
Almost every employee will get allotment Their limit is 5 L First priority is up to 2L After allotment any excess shares there then go after 2L to upto 5L
@Paymzia Remove almost from your sentence. Every employee is going to get allotment unless there is any technical rejection. I myself have applied for 9.90 lakh rs shares from employee category from my friends accounts. I am expecting at least 3 lakh rs allotment.
1840.3. Basuvr| Link| Bookmark|
November 25, 2023 2:46:57 PM
IPO Guru (2000+ Posts, 1100+ Likes)
@Paymzia Sir, for Employee category why "First priority is up to 2L" whereas the limit is till 5 lacs. If this stands true why will one even apply for more than 2 lacs. Please clarify. This is misleading.
1840.4. UjwalG| Link| Bookmark|
November 25, 2023 2:47:53 PM
IPO Guru (1300+ Posts, 600+ Likes)
@Stockoholic• Umm, Emp category has 5Lk limit, your application will stand cancelled i beleive. Can refer to rhp for limit. Just informing you, if you still get allotment then its well and good
@Cumzle Brother what's the secret in it.? And it's good to share what we can.. that's the beauty of this forum.
1840.8. Huzefa| Link| Bookmark|
November 25, 2023 6:04:08 PM
Top Contributor (300+ Posts, 200+ Likes)
My analysis is because of huge IPO demand, TT will list at very huge premium, in range of 900+ to 1000 but operators and Big FII's will not enter on listing day and allow retailers to exist. This will allow the price to settle lower in next 5 days and then they will enter. So ii will be better to enter after 4-5 days and you may get it at lower then listing price.
1839. Huzefa| Link| Bookmark|
November 25, 2023 5:57:03 PM
Top Contributor (300+ Posts, 200+ Likes)
One of the colleague in my company, who is an ex-employee of Tata Technologies, had received 1000 shares as ESOP. Now just before the IPO, Tata Technologies issued bonus and split the share face value from ₹10 to ₹2. So his number of shares became 10,000. Listing price will be 900+. He will earn almost an Crore in an instant on listing day.