I have two demat account.First account is my name.Second is joint with my wife.In second account first holder me & second is my wife.I apply both account for IPO. In second I give my wife PAN no. What will be treat with my application.......
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May 2, 2016 11:09:59 AM
(4000+ Posts, 4600+ Likes)
since u r first holder in the joint account so both account for tax purpose is ur account any application on both the accounts will be rejected.
hi mkjain,you need to close any one account. either in your single naame or joint account where you are first holder. then you open new account in the name of your wife or an account where your wife is first holder and you are joint holder. that way you can apply thru two applications.if you dont do so and continue with present scene of applying in two accounts where your name is first holder they will keep rejecting your both applications.acting fast is only way to get allotment in dual applications.best of luck.
Allotment chances: 2 out of 13 applications or 2 out of 13 PAN accounts? If someone has applied for one lot each from different accounts of same PAN, chances are more?
Thanks Ashish I was mislead by someone that there can be multiple applications from different Demat accounts but overall bid should not exceed Rs. 2 lakhs.
Thats an incorrect statement. It does not depend on the amount of shares you have applied but on the subscription rate. As per the norms by SEBI, the motive is to get maximum shareholders at least one lot. if the subsripton rate is high , there is a possibility that a person applying full lot does not even get a single lot and a person applying single lot can get one lot
Whether hni will got preference over retail in thyrocare ipo or whether allotment is same of 2 ratio 13 for all, i have researched that hni quota is 17 lakh stocks and bids received were 36 crores , so even if they give everyone equal stocks then everybody in hni quota can get 180 to 200 stocks,is it possible?
one important question is that can we sell the ipo alloted shares on listing day in during price discovery time ie before 10:00 am. Online terminal reject the order but my colegue punched sell order of Equitas holdings on 09:35 and shares traded at 09:44 @ 145.1 on listing date ie 21/04/16.