Ujjivan Financial Services Ltd IPO Message Board (Page 50)

Arka i think this issue u cannot apply as an NRI.... with regard to IPO once the issue is over subscribed with allotment procedure the best strategy is to apply SINGLE LOT AT CUT OFF IN MULTIPLE APPLICATION (In the name of families and friends).

Hi,

I am NRI and got 2 NRE accounts with KOTAK & Yes Bank.

Kotak Bank doesn''t allow to apply this IPO thru online ASBA. However, Yes Bank allowed and I applied in this IPO thru online ASBA.

Thanks Septa!

1. So you recommend buying single lot, i.e. only 70 shares per person? Let me know if I understood it right.
2. My family members do not have demat accounts, so that does not seem possible now.
3. When I tried applying, the HDFC site also accepting value more than 2 Lac (even after choosing RII). Should I go ahead and invest more?
4. Pls advise, how much to invest if I am the single demat holder in the family, in order to get maximum allocation.

Cheers!

nice hope u get allotment bcoz the issue is not open for NRI may be yes bank NRI filter r not working hope the register also does not pick the NRI issue with ur application. BTW this YEs bank is a NRI demat account or a normal account

With this issue subscription will be huge so applying single or multiple lot chance of getting is same and max allotment per application is only one lot so why waste funds when u know the result

SINGLE LOT multiple application

Now allotments are done by PAN # so both may be rejected if u apply from different Demat accounts

@Arun - Thanks Arun even I got the same feeling that it might get rejected/cancelled if multiple applications are submitted with different demat accounts.

I will check with SBH whether I can modify the application to apply for 2 lots as the probability of getting allotment is less in thyrocare. (1 in 7/8 application will get allotment I guess)

Same question is from my side also.....expert guys an gals please respond

presently you cannot do it online need to submit DIS form physically

Tax depend upon several condition price relationship nature and so on so each will have different condition

Septa ji,plz answar?

Arup i have already answered with regards to tax it all depend on condition so different scenario different tax impact

Case 1.
Shivajee This is very much possible to transfer share online without filling DIS. If you want to transfer online and your account is with icici bank 3 in 1 acc, you have to give one form "e instruction" once the target dp added to your list you can transfer the share online. " I am using it from last 3 years"

Case 2.
If your demat account is with different broker then you have to submit a form to your broker which you can download from cdsl or nsdl site .They are giving the facility to transfer the share online. but firstly you have to register target account with nsdl cdsl where you want to transfer the shares. please go through CDSL and NSDL, Register there and fill the form and download it verify the signature from DP and submit it after that cdsl or nsdl will start refelcting the target DP where you want to transfer shares

Brokers are not aware abount this facility. Plz confirm from your broker if they are taking forms for online share transfer.

NKD thank u sharing