IS IT NECESSARY TO RECEIVE MSG. FROM REGISTRAR TO QUALIFY FOR SHAREHOLDER CATOGERY. I HAVEN'T RECEIVED ANY MSG. FROM ANYONE. BUT I HOLD UFSL SHARES. CAN EXPERTS HELP ME OUT, WHAT TO DO??
237.1. PSR| Link| Bookmark|
December 2, 2019 11:32:51 AM
IPO Guru (1200+ Posts, 700+ Likes)
Not necessary.
If you are a holder of shares on the Record Date, you can apply in Shareholders Quata, irrespective of receiving any Mail.
Can someone share the algo (method) details, desc (or anything)? how they allot retail quota on oversubs.? (many people don't believe they are using fair lottery system)
232. KING VINOD| Link| Bookmark|
December 2, 2019 10:55:04 AM
IPO Guru (2400+ Posts, 5300+ Likes)
will they allocate shares in proportion basis in nii.Is there any lockin period in nii.If i appy for 20 lots in ujjivan let say 296000 and if it subscribed for 100 times than i will surely get 100 shares right.Will there be lockin period for that shares
230.1. PSR| Link| Bookmark|
December 2, 2019 10:03:27 AM
IPO Guru (1200+ Posts, 700+ Likes)
You may not be correct.
Minimum allottment may at 400 shares, in which case if you apply for 20 lots and it is subscribed by 100 times then the basis of allottment would 1 for 5.
In shareholder's category, allotment is propotional based or normal way how RII works?
If its proportional based, We need top applly fully, Then only we will get more lots. if we apply only 4 lots, We may get only 2 But if we apply for 13 lots, We can get more than 2 is this right ?
Public financial institutions, commercial banks, mutual funds and Foreign Portfolio Investors ect can apply in QIB category. SEBI registration is required for institutions to apply under this category.
Thanks, can a private company apply in QIB category? What should the private company needs to do to apply under QIB? Because QIBs are the one who are cornering most of ipo shares, while we retail are digging out in impossible allotment in lottery.
In the rat race of IPOs, if you continue to apply under retail, we will stay as rat... Out of 30 times you will get one. What is the profit amount? why all the discussion , if I get an allotment after 5 years one as retail? All useless reality show like kbc?
Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.