Tega Industries Limited IPO Message Board (Page 27)

@Nexus,
How can operators short some ipo stocks recently listed in t2t and then in rolling segment,sigachi was listed in t2t and from yesterday it became into rolling. Actually I myself is trapoed,I bought @490,didnt get allotment and its now @395. And in India,gamestop saga is difficult to happen coz here no retail curtail is present to trap the operators.
Thanks

@sbipo: Intraday is still not allowed in Sigachi. So, in effect, you are right. In that case entities who own huge volumes are dumping this stock. Based on Price Action their orders seem more like Market orders & not Limit Orders. Could also be basket orders with staggered prices.

Formation of Cartel is a matter of retailers joining forces. But I guess there is no motivation to do that, as lower prices are an attractive buying opportunity.

Today it reached 394 which is close to IPO Price+GMP.

Intraday is smothly allowed in sigachi...short sell at morning and cover lower 5/8% easily

Can you please let us know where you have seen that bro
In Chittorgarh it''s not showing the subscription data

https://www.bseindia.com/markets/publicIssues/CummDemandSchedule.aspx?ID=5597

https://www.bseindia.com/markets/publicIssues/CummDemandSchedule.aspx?id=5597

In the news bro.

@monster retail 2x

@monster are you applying?

Retail 20X+ bhi nahi hoga

35% of ipo size under retail category

Applied 20 applications in Retail...

@Monster Zero... Please suggest simplest way to apply multiple retail applications (parents and friends names). They all have individual PAN and Aadhaar cards and even bank accounts and I do not want to transact from their banks. For myself I use ICICIDirect & Zerodha. There is no trust issue but I want to avoid complications of transacting from their bank or using their UPI/UPI mandates.

In one of your post you mentioned about SBI multiple application…
Now If I open a saving account in SBI, what all do I need to add 5 applicants. I only have their PAN, Aadhaar and balance in my SBI Account which I will open…

@avenue , use SBI ASBA ,where you can apply 5 different demat applications from your single SBI Account.

Also you can use your own UPI ID for blocking mandate of your family members.

NOTE : Used 3rd party UPI in Go fashion and alloted. Also many times alloted in SBI ASBA 3rd party.

@Avenue

Add their Dp and client ids (nsdl or cdsl )
And their pan numbers.
Their names.

Only think is when allotted to their accounts amount will be debit from your account and when you sell amount will transfer broking account to your family or friends bank accounts then after that money again you transfer to your bank account

@ Indiaway .. Thanks...
so obviously I first have to open DEMAT a/c for all, like in Zerodha, to get Dp and Client IDs. Right?
Secondly, will I use SBI ASBA only, or is mentioning UPI mandatory anywhere (in Zerodha or SBI) , as I wish to avoid UPI.

@avenue: Obviously for ipo applying , you need demat account for your family members :) so if demat account itself is not there then you need to open that first by linking their bank account in that, zerodha is better for that.
After that you need their name/PAN/16 digit cdsl demat account number (if zerodha) for adding applicants in your SBI bank account. Their upi is not needed anywhere. You can apply ipo from your single SBI bank for 5 family members applications using ABSA mode. No need of their zerodha login account details too or no need for any upi too.
And other than SBI bank, you can use axis/yes/indusind/RBL bank too for applying ipo''s for 5 members using ASBA.

@Avenue - I would suggest to use Groww if you are opening demat accounts for family members only for IPOs. Because GROWW has Zero AMC & Zero Account Opening charges whereas Zerodha charges Rs.300 for account opening & Rs. 300 as AMC. (I have 14 accounts in Groww opened for my friends & family :-) Completely free :-) They charge only when IPO is allotted & sold.)
If you wish to open Minor Demat Account, then Groww doesnt support Minor Demat Account. For Minor Accounts, you have to choose Zerodha or Prostocks.

As said by lokes & others above, you could use 3rd party ASBA provided by Axis Bank or SBI Bank to apply. Better, try to avoid applying 3rd party IPO applications with your UPI ID. I may be completely wrong. But, my past experience shows, using UPI mandates for 3rd party IPO applications, I have not got any allocation even in undersubscribed IPOs. Interestingly, this observation differs by registrar.

Vijaya Diagnostic - Kfintech - Undersubscribed (1.09X) - I have got 5/6 allotments for 3rd party UPI mandates.
Nuvoco - LinkinTime - Undersubscribed (0.73X) - I have got only 1/6 allotments for 3rd party UPI mandates.

I may be completely wrong. In the above 2 IPOs, I have used single UPI id for all the applications.
After these IPOs, realizing the ZERO allotments for Undersubscribed (0.73X) Nuvoco IPO, I started using different UPI IDs for UPI mandates. But, didn''t have any allotment.

So, by my experience, I have got allotments Ami (2/10) when applied through ASBA & Nykaa (2/14) when applied through ASBA but not a single IPO to show when 3rd party IPO applications are made through UPI mandates. (Here, I refer to My UPI IDs linked with my bank accounts for applying IPO from my family & friends GROWW accounts.)