145. PSR| Link| Bookmark|
May 13, 2022 4:13:13 PM
IPO Guru (1300+ Posts, 700+ Likes)
Thanks to Mr. KDKing, Mr. Avenue & Mr. lokes.
I have not gone through the new process of allotment for HNIs in detail. Now, I will go through the same thoroughly, before asking for any clarification.
Applied two sHNI application , may apply 1 - 2 more sHNI/retail by UPI if HNi subscription crosses 20x. I have decided not to apply as bHNI, until I see the breakup subscription or unless issue is extraordinary and risk free.
136.3. Trueinfo| Link| Bookmark|
May 13, 2022 4:02:44 PM
IPO Guru (1900+ Posts, 1700+ Likes)
BSE site also showing same
135. Trueinfo| Link| Bookmark|
May 13, 2022 4:01:39 PM
IPO Guru (1900+ Posts, 1700+ Likes)
Applied 67 lots bHNI
134. Trueinfo| Link| Bookmark|
May 13, 2022 4:00:05 PM
IPO Guru (1900+ Posts, 1700+ Likes)
At 2.54
133. lokes| Link| Bookmark|
May 13, 2022 1:30:35 PM
IPO Guru (4400+ Posts, 5100+ Likes)
As i already mentioned in below post, QIB/HNI demand is generally less in t2t category ipos, so here also it won't be much. So if it becomes 3-4X in QIB then also its fine. HNI 10-15X may be fine enough. https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1248&c=513341&ap=0
In retail, it can applied i think but in HNI category, apply lesser no. of applications in comparison to usual since there might be chances you will be allotted multiple hni applications if you apply multiple and then even with 5% downside, risk/loss will be bigger. I gave my opinion in below post also. https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1248&c=512631&ap=0
I will be applying here mainly 1 SHNI and 3 retail applications. No much greed, market might be having just relief rally today, nothing much.
@Lokes.. well explained... Thanks. but if some one has funds and is also conservative, don,t you think he should apply one bHNI application is place of one sHNI application, as chances in bHNI will surely be more and allotment will be of 14 lots only in both...
133.2. lokes| Link| Bookmark|
May 13, 2022 2:02:05 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@avenue: Definitely we can't say that allotment will be 14 lots in both, as of now by seeing current overall hni subscription, even if everyone has applied for minimum lots in each respective SHNI and BHNI category , and which is not the case since many are applying for more lots. it may not be over subscribed in BHNI category, and allotment will be more there, remaining will be more clear by 3.30 around. And in SHNI also, over subscription application wise will not be too much, means with 2-3 shni applications we can assume of 1 allotment but in lottery we can be allotted all too. 1 BHNI applications may be sure allotment and some proportionate and less risker than 3-4 SHNI applications. Picture will be little more clear by 3.30pm subscriptions.
@lokes As I understand, even if HNI gets subscribed by 10-15x, there could be a situation that 2/3 of HNI quota reserved for BHNI may remain under-subscribed which will lead to heavy allotment. I wont be applying BHNI this time as for me i would not want 5 Lakhs worth of allotment in this IPO. Have I understood it correct ? Thanks
Looks like there is some delay/issue on NSE feed. Now the subscription is as below
QIB - 2.57 NII - 6.18
133.7. Chem cho| Link| Bookmark|
May 13, 2022 2:49:55 PM
IPO Guru (2600+ Posts, 2700+ Likes)
YOU can buy and sell in listing date , but cannot sell next day
133.8. lokes| Link| Bookmark|
May 13, 2022 3:12:35 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@prabhjot: yes even with 10-15x total hni subscription, its difficult to say that how much would be in each shni/bhni category. Even if we knowing actual total subscriptions in each shni and bhni category (not application wise), then also it would be much easier for us to guess application wise subscription in each category, now its difficult to assume how much it would in each category as per total HNI. I will do some research on weekend on available data to find something for future.
And yes you can sell on listing day if allotted, that's why trading will happen. But whoever bought on listing day can't sell intra-day or till next 2 days.
133.9. lokes| Link| Bookmark|
May 13, 2022 3:59:50 PM
IPO Guru (4400+ Posts, 5100+ Likes)
As informed, markets are going down again from high. That might be relief rally after such a fall, no idea how it will perform in near future. I have applied here 1 SHNI application and will apply 1 more via upi and will decide by monday to accept or not.
132. Trueinfo| Link| Bookmark|
May 13, 2022 3:59:02 PM
IPO Guru (1900+ Posts, 1700+ Likes)
QIB 5.94 ; NII10.11 ; retail 16.11 total 11.94 BSE
1. You will get interest on the lien amount, as it was not debited. 2. No need to pay the interest ok hold amount. OD Interest will calculate from the date of debit.
@Looser Which bank allows to apply ASBA via OD account number directly without transferring to another account? In ICICI, I need to transfer funds from OD to Savings and then I can apply.
@Bhumika While applying it showed my OD account but I didn't tried.
130. PSR| Link| Bookmark|
May 13, 2022 3:44:38 PM
IPO Guru (1300+ Posts, 700+ Likes)
Mr. KDKing, Mr. Avenue & Mr. lokes
To my knowledge, the allotment process for sHNI is as in the case of RIIs & bHNI is as usual (old process) which is proportionate.
Is it correct?
If so, no purpose would be served by placing application for 67 lots, as number of shares available to such category is very less on over subscription. In such scenario, is not that application for 66 lots(though it may equated with 14 lots) will have better chances comparing to application for 67 lots.
btw, on a serious note, today's all-round buying will help LIC listing on Monday (and hopefully Rainbow also will also recover next week). LIC positive listing is important and it will lift further overall market mood.
@PSR... please share the reason/justification for applying for 66 lots in single sHNI application, if you can... Are you estimating that even sHNI will be subscribed <1x application wise... Issue doesn't look that bad...
@Suneel Padavala, @Billion dollar, Noted with thanks and all the very best.
@PSR, All the best.
@Shanm, Yes, Applied one Big HNI with 68 Lots. other one will apply at 02:45 pm. (risk reward is there...this will list positively if market stays at this level at least)
@Trueinfo - Monday is not a holiday in equity segment.
129.17. PSR| Link| Bookmark|
May 13, 2022 2:09:56 PM
IPO Guru (1300+ Posts, 700+ Likes)
Mr. KDKing, Thank for your advise. I am definitely looking for allotment. However, I am not going modify, since I am of the opinion that 66 lots application will fetch me 14 lots.
There is a force in your advise, however, in case subscription level in bHNI is less, then I would get more allotment, for which I am not comfortable.
@PSR... your decision of not going for bHNI is well understood and is perfectly ok. and as you have mentioned to be expecting 14 lot allotment, you are also expecting more than 1x app sub in sHNI.
But I feel the benefit applying more like 66 lots is not straight forward and can some times backfire. You may consider the example of Campus. Here 4 bHNI applied for 102000 shares and only 1 out of 4 was awarded 714 (25% chance ) so in fact lesser chance as compared to 10L applicant (36%)..
But again we are all playing blind ... or fishing..... You take care
@PSR... YOUR COMMENT " I am of the opinion that sHNI subscription could be between 4 to 5 times, and if so, allotment of 14 lots is guaranteed. "
I am sure you know already that in case of oversubscription in sHNI every applicant whether applied for 14 or 66 lots stands the same chance for allotment of 14 lots. Thanks... and Best wishes
@Avenue, your response #21 came before mine # 22. So my understanding is right, thanks for that confirmation.
Thanks
129.24. PSR| Link| Bookmark|
May 13, 2022 3:06:08 PM
IPO Guru (1300+ Posts, 700+ Likes)
Mr. Avenue,
Yes, you are correct. Inspite of application for 66 lots, I may not get any allotment since there are chances that this application gets equated with the application for 14 lots in case of over subscription, which is sure.
Contrary to my earlier posting, I do admit that there are chances of getting more shares than minimum of 14 lots, for which I am prepared.
In worst case scenario, I may get 66 lots. Though I will not be comfortable in such situation, I am prepared to face the outcome.
As advised by Mr. KDKING, and also your opinion, application for 67 lots ought have been better option, but I am sticking to my initial decision.
Thank you for your advise.
I once again thank Mr KDKING.
129.25. lokes| Link| Bookmark|
May 13, 2022 3:07:30 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@avenue: from his multiple comments, it looks like that @PSR is not aware fully about allotment rules in hni category. Not sure 4-5 times he meant total subscription in that shni category or total hni, or application wise in shni etc etc. And @avenue i hope you remember my advice/info in rainbow page regarding shni allotment for multiple category lots, so that is also a big factor as you gave campus example too.
@Mravi: you are right. Considering you mean application wise over subscription.
@everyone: whenever talking about subscription in any HNI category in your comments, please inform you are talking about in terms of application wise subscription in that category or actual/total subscription in that category, to be clear. Since both has different meaning and importance.