Hi There are many members who apply for 1 lot from many PAN numbers where the value of each application is under 15k. Then there are many who apply say 13 lots from different PAN numbers where the value of each application is under 2L. Is there any difference in such an application? Because of the huge subscription, does the value in such an application tilt any favour to the bigger amount person or it is the same whether it''s under 15k or under 2L. Comments from all members are welcome.
227.1. lokes| Link| Bookmark|
July 19, 2021 6:51:55 PM
IPO Guru (4400+ Posts, 5100+ Likes)
both will have similar chances, no difference, either apply for 1 lot (15k) or 13 lot (2 lakh) in retail category, both are considered as single application and will have same chances in lucky draw
I applied in HNI category, as shares can''t be applied at cut off price in HNI category can anyone suggest what can be the optimum bid price to get allocation?
Depends on subscription, Seems it will easily go 250/300 times. So 300*15k is you need in case its 300 times
224.2. lokes| Link| Bookmark|
July 19, 2021 3:36:12 PM
IPO Guru (4400+ Posts, 5100+ Likes)
minimum allotment is one lot in hni category....you cant be allotted less than 1 lot... And you need to apply for minimum that number of lots in which the ipo is oversubscribed in hni category to get one confirmed lot....means if ipo is subscribed 300 times then if you apply 300 or more lots then only guaranteed one lot you will be allotted and remaining some more shares as per your applied lots if more than 300... And if you apply less than 300 lots then it will be lottery but still you will get 1 lot not on some proportionate basis....
224.3. lokes| Link| Bookmark|
July 19, 2021 5:09:26 PM
IPO Guru (4400+ Posts, 5100+ Likes)
minimum allotment is one lot in hni category....you cant be allotted less than 1 lot... And you need to apply for minimum that number of lots in which the ipo is oversubscribed in hni category to get one confirmed lot....means if ipo is subscribed 300 times then if you apply 300 or more lots then only guaranteed one lot you will be allotted and remaining some more shares as per your applied lots if more than 300... And if you apply less than 300 lots then it will be lottery but still you will get 1 lot not on some proportionate basis.
कितना शरीफ मैंनेजमेंट है जो सिर्फ 500 करोड़ रूपये का इश्यु लाया है ,इस समय लूट मची पडी है और फिर भी नही लूट पा रहा है। अगर 2500 करोड़ का इश्यु ले आता तो कौन रोक रहा था?
Hi, I applied for this ipo in zerodha on 16th July through Bhim Axis UPI. Accepted the mandate rcvd but on status in zerodha it is still showing request pending. Should I wait or cancel and reapply
Don''t worry! As long as amt is blocked in bank acc, you applin bid is successful. And bse, nse- doesn''t show records correctly. For me also its showing record not found :)
How to apply in HNI category with AXIS bank When I try to apply with HNI Category it gives error. And When I select retail and amount is greater then 2 lakh it also gives error.
218.1. lokes| Link| Bookmark|
July 19, 2021 3:34:36 PM
IPO Guru (4400+ Posts, 5100+ Likes)
dont select cut off and enter price as 1083 and enter number of shares for more than 2 lakh rs
I have a doubt... While applying for the IPO can i mention the UPI id for the bank account which is not linked to my DMAT account? Like i have DMAT linked with canara bank and but i want to make payment using other bank
@Vinayak... Don''t worry. It takes time to update real status in Zerodha. Sometimes it doesn''t update also. So just see if the amt is successfully on hold as lein.
My only concern is that I am not able to find my application details on NSE portal as well. It says invalid details/record not found. For that reason I think my bid didn''t go through. Should I be worried?
If you have got mandate massage form SBI it is done. As far as 5 paisa is concerned it will show processing/ pending for ever. My Indigo Paints bid is still showing processing on 5 paisa. But I got the allotment, applied through UPI mandate
Question - if IPO is oversubscribed and in RII section it is oversubscribed by 12x times, does it mean that he will get 1 lot for sure if he applied 12 lots?
I hope no one knows the allotment engine algorithm, but if you look at mathematically. if we cross oversubscription by application numbers then each application will considered as 1 lot summitted.
Can I apply for one application for one lot today and another application for another lot tomorrow with the same SBI net banking details and DEMAT details ? I mean two applications for single lot each Plz seniors and experienced reply