If SHNI allotment ratio would be 1: 14 means one out of 14 will get 14 lots or one lot? I am asking the question as minimum lot size for SHNI is 14 lot and SHNI oversubscribed by 14.65 times
408. svh| Link| Bookmark|
December 5, 2022 4:41:01 PM
IPO Guru (2600+ Posts, 3700+ Likes)
management said in zee busines interview 1)company financialy strong 2) company is cash rich 3) free cash 7% --capex and working capital ke baad free cash 7% main se company aage bhi 25% dividend degi 4)company fresh money ki jarurat nai hain
check zee business interview after 8.25 minutes in video
@lokes @ipobull @PKRAJ @ipo stonks @lucky boy @Amit Kumar Yadav @KAPPO IPO GURU's and Mentors - I am new to IPO's and willing to apply in BHNI categories. I am confused to understand which bank is suitable to apply for Bhni category. Please suggest.
IndusInd bank allows 3party IPO application? I mean applying 5 ASBA applications from one bank account
398.6. lokes| Link| Bookmark|
December 5, 2022 2:49:07 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Simply you can use any bank which is providing ASBA facility. All banks will support to apply in bhni etc. if in HNI (NII) category, you are applying for more than 10 lakh amount then it is automatically BHNI application. From bank asba, you wont see multiple hni option etc.
397. UjwalG| Link| Bookmark|
December 2, 2022 7:04:28 PM
IPO Guru (1300+ Posts, 600+ Likes)
I dont understand why people ask for gmp after thr issue has been closed. Pehle allotment to ane do phir pucho. And i am pretty sure they dont work in grey also. Important doubts get hide in such comments
No new main board ipos.., time pass kaise kare.. by knowing or unknowingly, we all are addicted to Chittorgarh...
397.2. ipo stonks| Link| Bookmark|
December 3, 2022 12:25:56 AM
Top Contributor (300+ Posts, 200+ Likes)
@UjwalG After the issue is closed, one has subscription data. A person can now check the latest GMP and can make a trade in grey accordingly. I was expecting bHNI subscription to be max 12-14x, but it is 20x. Approximately 1 in 4 will get allotment. I have applied for 10bHNI applications. So, now IF application rate is 9000 I’ll sell it in grey!! And hence latest GMP is constantly needed before issue opens, during the issue, after issue and after allotment till listing.
@aK Singh There are many IPOs are in que. So need not worry. Are you not working or involved in business? Don't you have family responsibilities or a student. Start reading earlier messages again and again. Sing some good songs of the films. Have a trip of Europe and share in this forum. All the IPOs are oversubscribed, so there will be a lottery, so sing one song : "MERI SUNLE DIN DAYAAL KARDE MUJKO MAALA MAAL MERI LOTTERY NIKAL MURLI WALE NANDLAL". "SING SONG DEAR SING SONG". Enjoy and best luck.
@ipo stonks - Which bank did you use for bhni ASBA applications?
397.5. ipo stonks| Link| Bookmark|
December 3, 2022 7:35:18 PM
Top Contributor (300+ Posts, 200+ Likes)
@Amit Bhasin I have used 5 Kotak, 3 SBI and 2 BOB for applying in bHNI. And I use ASBA only for all types of applications. Personally, I feel the bank doesn’t matter for applying in any category.
What matters is your requirement. For example 1. You want cutoff time to be 3pm or higher, then SBI won’t be suitable for you because their last bid time is 2pm on the last day. 2. You want less hassle of OTP’s, then Kotak is certainly suitable for you. In kotak mobile banking you can add upto 3 accounts, login with Mpin (without OTP) easily apply for IPO and then logout. 3. You want to submit 3rd party applications, then SBI would be preferable because they allow upto 5 applications.
Also, all banks have had and will have some or the other problem once in a while so nothing can be done about that. Recently RBL didn’t submit applications to the exchange, during peak time SBI OTP are nowhere to be found, etc etc.
If I have STCG below 2.5lakhs and yearly online transaction around 35lakhs. Then should I file Tax returns ?? I manage 16 demat account of my family and friends and distribute my whole capital among them. And I don't want to fall them in any kinds of trouble of income tax notice. Thank you.
395.1. Trueinfo| Link| Bookmark|
December 3, 2022 8:52:19 AM
IPO Guru (1900+ Posts, 1700+ Likes)
@Pranay Sarkar, please keep in mind, 2.5 L income limit is for income from all sources for exemption from filing ITR, and not from only STCG or any other single source. Even bank interest will have to be added.
395.2. Trueinfo| Link| Bookmark|
December 3, 2022 8:58:45 AM
IPO Guru (1900+ Posts, 1700+ Likes)
Also, IMO, if you apply in HNI, ITR should be filed. But you may check on this further for confirmation.
U should file to avoid queries, not taxable though , also note that i m sr income tax inspector, handling lot of such scrutinies, file return and feel relieved
For mental peace file income tax returns for all family Members applying in IPO ,irrespective of below taxable limit
395.5. B.M.SURANA| Link| Bookmark|
December 3, 2022 9:50:28 AM
IPO Guru (2700+ Posts, 5300+ Likes)
Taxable hai yaa Non Taxable Profit hai yaa Loss Income Tax Return jaroor File karo 3 Varsh baad mei IT ka Notice Aayega to Record dhoondhte reh jaoge! IT return File Jaroor karo aur Chain ki Nind lo. Aur kabhi bhi 3 rd Party ASBA Apply mat karo. Trading Account hai toh Bank account bhi Link hoga? Phir 3rd Party kyon?
For STCG, you need to file ITR-2 Now, it is very easy to file ITR-2 online on income tax portal.
395.8. B.M.SURANA| Link| Bookmark|
December 3, 2022 10:33:12 AM
IPO Guru (2700+ Posts, 5300+ Likes)
Wah Own Capital Distribute karte ho 16 Members ko? Kya Loan dete ho? With Interest? Yaa Free Interest?? By Cheque? Or Cash? 1 Person ko Financial year Mein 20 Thousand k upar Cash Loan nahin de Sakte. Wapas Repayment kaise hota hai ? by Cheque or Cash?? Yearly Audit Fees lage toh bhi koi baat nhi Kisi CA se Consult karo Nahin toh Aage Lene k dene pad Jayenge.
Surana ji, I have sent around 1.2 lakhs to my known person in past. They apply in IPOs. If they got the allotment then we share profits. If not alloted then keep the funds in their bank accounts for applying the next upcoming ipo.
Trueinfo Sir, Divyang Sir, Ipo informer, Surana ji, Thank you for giving such valuable advice.
395.11. B.M.SURANA| Link| Bookmark|
December 3, 2022 11:52:32 AM
IPO Guru (2700+ Posts, 5300+ Likes)
@PranaySarkar দাদা আপনি Profit Share করেন অইটা অন্য কথা! সে যার করেন আপনি ২ নম্বর এই! কিন্তু জার নামে Allotment হযেছে তিনি Income tax তে Profits or Loss দেখাবে! আগে ১ বছর বা ৫ বছর পরে IT নোটিশ আসলে আপনি মুস্কিল এ পড়ে জাবেন! জার খাতায় Allotment হয় তার খাতায় বিক্রি করা ভালো!
यदि आप शेयर बाजार में रहना चाहते हैं और कमाना चाहते हैं तो आयकर की रिटर्न भरने में संकोच क्यों? आय कर का नोटिस आने के लिए आय का अधिक होना जरूरी नहीं,2.50 लाख से कम पर भी आ सकता है,मेरे साथ ऐसा हुआ है। नोटिस AIR की रिपोर्ट से आता है। यदि आप रिटर्न भरते हैं तो शांति एवं शकुन से रहेंगे, वर्ना हर समय डर बना रहेगा। आज के समय में आयकर विभाग हौआ नही है, फिर आप ठीक काम करते हैं तो डर क्यों,और डर कर जीने से पैसा न कमाना ज्यादा अच्छा। आज RII में पैसा है भी नहीं,जो कमाई है,BHNI में है। इसलिए आयकर रिटर्न भरने के लिए तैयार रहें। आयकर तो जब है जब आय है। इसलिए भगवान से कहिए कमाई बढ़े,सारी एप्लिकेशन लगें।
@B.M. Surana হ্যাঁ দাদা, আমিও চায়না আমার জন্য আমার পরিচিত কেউ মুশকিলে পড়ুক, যার জন্যেই আজ সমস্ত doubt গুলোর উত্তর জেনে নিলাম। এর পর থেকে সব pan এর against এ IT file করবো যাতে ভবিষ্যতে কারো কোনও রকমের সমস্যা না হয়। দাদা, "সে যার করেন আপনি ২ নম্বর এই!", এই বাক্য টার মানে বুঝতে পারলাম না।
@MITTAL JI, Aap bilkul sahi baat bole sir. Mujhe sirf itna Janna tha ki 2.5lakhs ke niche income par IT file karna chahiye ya nahi. Is FY se main sare pan k against par IT file karuga, koi dikkat nahi hai. Thank you Sir for your assistance.
395.16. B.M.SURANA| Link| Bookmark|
December 3, 2022 1:46:08 PM
IPO Guru (2700+ Posts, 5300+ Likes)
@Pranay Dada 2 Number Maane holo Anyo Loger Jaake Aapni Taka den Jodi Share Allotment hoy Aapni Oi Manusher khata te Bikri koren? 6k Profits hole Aapni 3 Haajar taka Cash Nen ki naa ? oita e holo dui number! IT Niyome Profits/Loss Jaar Account e Allotment holo Sei Dekhabe ITR e.
395.17. Nifty Singh| Link| Bookmark|
December 3, 2022 3:00:23 PM
Top Contributor (200+ Posts, 100+ Likes)
@ P Sarkar@1. Always file ITR irrespective of income, even if it is under exempted limit. 2. Don't make frequent to and fro movements of funds. Let funds rest in their respective accounts till next IPO i considered that the fund is not leveraged one. 3. Better to bid in HNI category in your own name instead of 16 retail bids.
395.18. PLAZA| Link| Bookmark|
December 3, 2022 3:15:08 PM
IPO Guru (2400+ Posts, 1300+ Likes)
@ ALL Why all are giving suggestion to the person who in any case do not want to file return . The person wants ki KAMAI BHI HO AUR TAX BHI NAHI DENA PADE AUR FASE TO DUSRE JINKA DEMAT KAM ME LIYA HAI.
Even I have not received mail/sms this time. Applied 6 applications- HDFC ASBA. In HDFC securities it is showing "Executed". So I think there is some system error, nothing to worry.
It has happened with me in asba previously no issues check allotment when it get out,i have not got allotment in that reason being over subscription Thanks..
@ Pritesh Jain many times people not getting email & message,but alloted... so not to worry. its happened many times with me no email&message but got alloted in huge subscriptions IPOS