I have made full UBI application i.e. 1500 shares through HDFC SECURITIES with mention of "ASBA Retail". Ideally this amount should have been blocked and I should have been able to see the full appllication amount in my account. However the amount has been deducted from my account. I am not sure why amount has been deducted when HDFC securities says that it is "ASBA Application"? Please let me know if any of you have similar experiences.
I have applied for 1000 shares of UBI (IPO) through ICICIDirect. Is there any chance to get some of shares of it? is yes how many? What is the policy/rule/lottery they follow while allotment?
Allotment Status to be out Very soon Listing to be on 12th or 15th March.
Stock will nt go higher on listing day you can expect 10% premium because of pressure selling by FIIs.Worthy stock..A must have in the portfolio u can add more on listing day.Good growth prospects of this bank.Business to double in 3 years to 2 lac crore u can expect this too touch 500+ in three years
Please dont go for listing gain. this might be a small listing gain but good stock to hold for slow and steady gains. it might be only 15% listing gain but the stock will double in a 6-8 months. there are very few banking stocks ipo so looks a great one to buy on listing
Kabhi bhi issue ke upperband ka hi cheque dena chahiye aur price mein "cutoff" likh dena chahiye. Is se kabhi bhi reject hone ka chance nahin hai. Agar woh price 66 deicide kare ya 63 decide kare,jo bhi decide kare usse 3rs retail discount kat kar, us price se apne ko allotment de denge aur balance amount apne account me refund ho jayega.(ye depend karta hai issue ke liye oversubscription kitna hua hai uske upar,jo hame nahin pata chalta hai ke kitna subscribe hoga last minute tak.)
Yar mene padha ki UBI ke ipo me retail investor ko 3 rs.ka discount tha to IPO application 63 ke hisab se kare ne ka tha ki 66 ke hisab se or agar 66 ke hisab se kiya hai to reject hoga ya allotment ayega - ab ayega to 63 ke hisab se or 66 ke hisab se - koi batayega
Man Infra issue closed on 22nd Feb and the allotment is out on 5th March.Ubi Issue closed on 25th. The registrars for both issues being same, we may expect allotment for UBI by 8th March, I hope.