Yeah if retail is more than hni , then some shares will moved to retail to make both retail and hni equal subscription. It is for fixed price sme ipo and it is applicable in this ipo so if u have excess fund alone go for hni or else apply in retail itself.
Banks in India no more offer the 3rd Party ASBA IPO application starting from 1st May 2022. The PAN number of the primary account holder in the Bank Account and Demat Account should be the same for valid IPO applications going forward.
If this is true, it means multiple demat account application cannot be made using single ASBA?
101.1. antarix| Link| Bookmark|
August 2, 2022 1:13:37 PM
IPO Guru (1200+ Posts, 800+ Likes)
ASBA through netbanking is not allowing 3rd party applications but at least in case of SBI, its YONO Lite app is still allowing 3rd party applications.
@ lokes @anantagg @ avenue @ noorul @ eva @ Trueinfo 1 have 2 accounts how should i apply for more chances among the following 1. 2 retail app or 2 app of 4 lots each in hni or 1 app of 8 lots in hni kindly suggest which has more chances.
@Sandy252, Without any doubt, USA IPO will list in green. Also, markets are looking bullish, even slight volatility shouldn't change anything for USA IPO. Definitely go ahead and subscibe for this IPO.
Regardign Subject 2 rate, that is changing city to city, but looks on average it is at 15K.
98.1. Kami| Link| Bookmark|
August 2, 2022 12:09:46 PM
Top Contributor (300+ Posts, 100+ Likes)
Hey i asked the same question in previous ipo and ranked member replied ki yes we can sell sme share on listing day, i will paste the link if i found it wait....
98.2. Kami| Link| Bookmark|
August 2, 2022 12:23:59 PM
Top Contributor (300+ Posts, 100+ Likes)
HUF AC me online ipo application submitted in hdfc security
95. sbipo| Link| Bookmark|
August 2, 2022 7:11:51 AM
Top Contributor (400+ Posts, 100+ Likes)
@Avenue, R u applying here considering valuation & keepong in mind icicidirect fiasco in Agni? And can u suggest any other brokerage where this tipe of problem like icicidirect won't happen in case of sme ipo? Thanks
95.1. Arca| Link| Bookmark|
August 2, 2022 8:56:18 AM
(1000+ Posts, 500+ Likes)
ZERODHa ,till now no problem has happened in sme. Upstoxx ,one time problem has occured during a fpo and not in any other ipo.
95.2. sbipo| Link| Bookmark|
August 2, 2022 9:12:52 AM
Top Contributor (400+ Posts, 100+ Likes)
@Arca, Thanks yaar @lokes, I think u r going to apply here as u said earlier,do u have any criteria for subscription figure to apply? My estimates: NII 103x, RII 57x,I wanna be proved wrong Thanks Thanks
94. nileshkp| Link| Bookmark|
August 2, 2022 1:26:16 AM
Top Contributor (200+ Posts, 200+ Likes)
Any one using groww please guide me can we sell on listing day
1. 3rd party sab jagah banned he lekin YONO lite ( SBI ) mobile application se hota he.
2. central bank ( rupey platinum debit card / blcak color wala ) money can withdraw only from central bank atm not from any other bank .
3. HDFC bank me sme or ipo 3 pm to 5 pm apply nahi hota, error ati he cutoff time chala gaya... ( mene aaj 3.39 pm ko try kiya tha. esa mere sath 5 vi baar hua.
4. ICICI bank raat ko 10 or 11 pm ke bad sme yaa ipo bharne nahi deta, bolta he kal savere aa shane....
5. mere pas 1 account me 2 pan card he jisme se bank me jo pan he wo demate me nahi he, lekin jab bank se sme yaa ipo apply karta hu to reject hota he lekin yono lite se karta hu to sucess hota he.. kyuki registar check nahi karta rs. aya kaha se..!!
6. AU small finance he fir bhi sme bharne deta he lekin equitas small finance nahi deta.... !!
7. main " ager ipo net banking se hota he to sab ke cutoff time different kyu ?? her koi bank apne hisab se operate karti he jo ghatiya aur galat chis he.
@lokes @avenue @noorul @ipobull @monster zero @Dinesh singh @Trueinfo
I have been tracking your reviews and feedback for quite a while now and been a big fan. Can you guys gude me with something please, I have been applying to multilingual IPOs in retail quota using Zerodha as a broker and to my pain never have I ever been rewarded with IPO allotment.
Is it something a matter of just luck or is there any way to do with broker, if you are suggesting change of broker please do suggest your recommendations in replies too.
Trust me the broker doesn't matter when it's lottery. I used to assume the same thing when I started applying IPOs but applying with multiple accounts will raise your chances. I use SBI asba net banking. Holding 24 retail accounts of friends and family. Works most of the time.
@monsterzero thank you for your sincere and quick response. I try with 3-4 accounts at the moment as that's my funds capacity. I will definitely take your suggestion into consideration and try to add more accounts soon. Thanks a lot.
Better to stick with retail applications with multiple accounts. You'll always get allotment. I don't use all accounts at once. For 24 accounts.. i have 4 sbi accounts so. 1 upi +5 asba per account gets you 24 applications .
SBI allows 5 applications via netbanking and 1 UPI application in the name of account holder So 6 applications per account My 4 accounts are in name of my family members including me. Net banking Asba applications only need demat I'd and PAN .
But Just before Lic and rainbow IPOs (if I remember correctly) many people including me got rejection from SBI net banking with reason 'Asba application pan is not matching with Bank account primary holder' , so we all had to arrange other alternates... But it is true that YONO still accepting third party ASBA.
please do let me know if SBI net banking (not YONO) again allowing third party ASBA (5applications)
Do you transfer the shares to your account upon allotment or directly sell from your friends accounts?
How do you handle the tax part with your friends accounts? Do you pay file returns on behalf of your friends and pay the short term capital gains?
Opening multiple accounts and applying from it is easy. Handling tax part is a bit complex. If you can share your experience on this, it will be greatly helpful.
@ Monster zero as NetBanking 3rd party blocked in SBI Are you using yono app to apply third party application in SBI.
87.13. Imhilli| Link| Bookmark|
August 1, 2022 9:02:02 PM
IPO Guru (1200+ Posts, 700+ Likes)
I have also faced issue with the 3rd party issue of SBI netbanking. Is it possible to do by making 2 or more as joint account holder? In that case PAN mismatch issue may not be there. By the way, how to use Yono for IPO application. Can anyone help?
Strong Subject to Rates Quoting at 14000 in Surat & Ahmedabad today evening. Good returns given in the past by the parent company (Bombay Super Hybrid Seeds Ltd) further makes it an interesting play. After the mega listing of Agni Green Power, This would further fuel subscriptions in this counter Allotment would be difficult. My guess is 75 X+ HNI and 30X + in Retail. Lot of action would happen between 3 and 4 o'clock tomorrow. All the best for allotment.