@aspirant...Dear expert what is this all about Minor account & asba? Can u share any link or more information or any video about Minor account? ( When below 18 years we cannot make PAN CARD ,then how can we make minors Dmat account? Requesting u plz share details with any link or complete video....thanks in advance for ur support..
For applying: You must apply from Minor's Bank Account using ASBA
For Selling : Yes Prostocks provide both Demat and Trading accounts together as part of accoount opening. using this Minor's trading account, you can sell all shares which are received in IPOs, corporate actions, and gifted shares directly from Minor trading account.
Hi Can u share the screenshot of veekayem ipo in upstox app.
45.6. Kami| Link| Bookmark|
August 7, 2022 7:29:32 AM
Top Contributor (300+ Posts, 100+ Likes)
I mean you can apply through asba in upstox. In zerodha there is option for upi but only on NSE SME, and i read in prostocks there is upi option for BSE SME. (never use prostock) i use upstox and zerodha. Upi in zerodha, Asba in upstox
44. lokes| Link| Bookmark|
August 5, 2022 9:41:44 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Its refund date is 18th august, so If new mainboard ipo will be closing before 18th august then it can have lower subscriptions....
@lokes,@noorul.what should be the better option 1) Apply big from one account or 2) divide fund in two /three account. (If you have fund to apply 175 to 200 lots) Thanks.
@lokes, it's refund date 18th seems to be incorrect. looks the below schedule. closing date : 11th 3 Working days from closing date: 12th, 17th,18th since 13th, 14th, 15th and 16th is holiday. Hence allotment will come on 18th evening and refund will be on 19th. therefore this fund can't be used in Main board IPO. Does I am missing something? Please do advise.
44.4. Navdeep| Link| Bookmark|
August 6, 2022 9:42:27 AM
IPO Mentor (500+ Posts, 200+ Likes)
@ dinesh singh Nse holidays in august is only 15 aug Not 16 Check nse website Hence remaining working days is 12,16,17 So refund will be credited on 17 aug
44.5. Ravu| Link| Bookmark|
August 6, 2022 10:29:18 AM
IPO Mentor (700+ Posts, 400+ Likes)
16th is settlement holiday not trading holiday . So the schedule looks correct. Refund can be on 17th late evening (allotment day) or 18th.
44.6. lokes| Link| Bookmark|
August 6, 2022 1:19:10 PM
IPO Guru (4400+ Posts, 5100+ Likes)
17th only will be allotment and 18th refund. Most banks will unblock money on 17th or by 3pm on 18th. Rarely sometimes we have seen in past that some banks unblocked after 3pm on refund day. So mostly its funds can be used in mainboard ipo.
Helo everyone, i want true suggestions from you respected PPL. If i apply from 2 lots and I got both lots. in worst case scenario it opens in minus, so my question is it is good company that it will give profit after some days, months? Can it recovery from heavy loss??
43.1. Kami| Link| Bookmark|
August 6, 2022 8:42:00 PM
Top Contributor (300+ Posts, 100+ Likes)
If u applied for 2 you won't get 2 unless total hni subscription is less then 2 times
But here issue size is small, so big hni people cannot put more than 4 crores approx per application and they have limited family accounts. So we cannot use upsurge ipo logic here because in it big hni can put 20 crores per application. Thanks
42.6. Kami| Link| Bookmark|
August 6, 2022 7:33:59 PM
Top Contributor (300+ Posts, 100+ Likes)
@Monster, IM not going to type Zero because you are Hero. Earlier I had tried to ask a question. This time I am again asking you the same question. Being a Guru of this forum can you please feel comfortable to say that this is your own effort or from the available sources you give recommendations. I think it must be the mix of both. This time you have increased the target of SCI and Tata Steel. I don't remember others. SCI is Shipping Corporation of India. What is reason behind this PSU. This is below the IPO price now. I am asking for knowledge of mine and not to hurt you in anyway . Good luck. Trying to extract something from you.
@pkraj, sci demerger is coming up and privatisation as well. Tata Steel just split up and is being accumulated due to strong market sentiment. Once export duty is lifted, metals will fly
@Monster, Out of this IPO, do you have any idea about Solar Industries. It has touched the all time high of Rs. 3199.00 today. Will you please share your views?
FII buying since last 6 months, key factor behind this rise of solar industries. Numbers are good and it can touch 4k by diwali. very good stock for long term.
@PKRAJ I couldn't not resist myself to admire your strong will to hold really long... If my basic quick search is correct, this ipo came in 2006.. (5700 rs for 1 lot, 190rs ea x 30qty)you made a whopping 475815 rs profit from it.. it gave 84 (including approx 8k dividends so far) times returns to your investment amount that's a 31.95% CAGR.. infact you are carrying FOC shares (free of cost) with dividends alone...
Keep holding like this winners unless you really need funds badly... Very happy to see like this long term success stories...
@aspirant I am thankful to for your your kind feelings. You are absolutely correct that the IPO was in early 2006 30 shares @190.00 apiece. 10-15 years holding is not a problem. I think with the funds invested and not the present market price. When I got allotment I had never thought of such a high market. During 1982 to 1990 I sold many good shares like Glaxo. Tata Elexi HDFC Bank and many more. That time funds were problem. @Monster Also thankful to you for your article. That's why you are Hero. Good forum with Good people.
Yes. You do so but in new listing you can intraday trading after 10 days. When script came SM group from ST group. In ST group security you don't allow intraday. But intraday allow in SM group security.
I can some comments about Subject to rate. Is it true ?
Experts please reply !
Should We apply for listing gain?
37. K.Atar| Link| Bookmark|
August 6, 2022 10:37:27 AM
IPO Guru (1000+ Posts, 700+ Likes)
Subscription will be comparatively low as previously thought since the arrival of syrma mainboard ipo, not taking any risk many will not go ff in Veekayem. Let's see if the offer price of syrma is done reasonably or not.
Apply for listing gains via UPI. Accept the mandate only after heavy subscription. Don't believe in sbt and GMP. U can apply upto 5 lakhs via UPI mandate.
35.2. Trueinfo| Link| Bookmark|
August 5, 2022 4:13:53 PM
IPO Guru (1900+ Posts, 1700+ Likes)
@Kanwarjit, already GMP is active. Listing gain is very much indicated.
@jay matadi.... yes around 18k to 22k running... perfect 👍
to all normal people... ab grey me bhav chal raha he to karlo batting... btw kesa @hchc ne kaha ek ipo bhi aa raha he to is hisab se ginti karke dekhna...
32.2. hchc| Link| Bookmark|
August 5, 2022 6:53:05 PM
Top Contributor (400+ Posts, 900+ Likes)
@shahukaar That Main Board IPO should give decent gains