Vibhor Steel Tubes Limited IPO Message Board (Page 10)

​@IPOsSeeker , HDFC/Indusind are good for minor accounts.
I have my sons account in HDFC Bank.

Thanks...does HDFC allow from netbanking? Or we can create UPI as well for Minors?

Since I already opened account with AU as well, need your suggestion...how to autofill asba forms so can also share physical form to them.

​@IPOsSeeker You have the option to open a minor account with HDFC Bank. Ensure that the guardian holds an account with HDFC Bank. The minor can apply for IPOs using the ASBA facility with the guardian's login credentials.

​@IPOsSeeker I am using Indus IND Bank for minor account..

I'm using RBL for minor account, good experience so far. No restrictions, one can apply from mobile app as well, very quick in releasing the money, I tried ASBA and UPI method (BHIM app), both works smoothly.

Thanks much for your valuable inputs. One question, do I need to maintain AMB if I will open account in HDFC/ Indusind/ RBL? If yes , how much ?

And just last question, how to submit physical ipo application form to Bank ...can Broker (Fyers) provide some pdf file for IPO forms or I need to fill everything by myself only.

In hdfc for major ₹10k min bal and for minor ₹5k

​@MVP Sir have you been alloted any IPO in RBL Bank minor account.? I have also opened minor account in RBL but they have given mobile banking and Netbanking on Gaurdian customer ID and the PAN no. is of Gaurdian. Minor PAN number is not mentioned anywhere. Unlike HDFC Bank in which we can login via Gaurdian credentials but have different PAN no. mentioned while applying the IPO. I have registered minor demat account details and have been applying but always in doubt whether the application will be rejected..
Please help how to update the Minor PAN card in account..

​@IPOsSeeker Thanks for tagging me, but, i cannot help you here because i have never opened a minor account..🙏🙏

​@Vikas Rana I got 2 login ids, one for my son and 2nd for me. For both logins, PAN is different. I received couple of allotments very recently.

​@MVP Sir how did you get two different log in IDs. As I have shared the screen shot the bank does not provide internet banking to minor. I have even talked with the bank, they are saying that i have to log in via Gaurdian customer ID only. Please guide how can i get different login ID for minor.

Does one need to file separate IT return for the minors too? Please clarify

​@Nothing New It is mandatory for everyone to file income tax if they fall under the category where the income is above the basic exemption limit. Minors are also liable to pay taxes. The minor with income can file ITR through the following modes:

1. On his own ITR i.e.,In the minor’s ITR itself.

2. Clubbed with the income of parents
However, Income upto Rs 1500/- per year per child (upto 2 children) is exempted from tax.

Source : Net Search

​@Chhote Lal  Thanks!

I had opened minor account in kotak.
Kotak is the best bank to use minor demat account.
But guardian must have kotak saving account.
After that u can open minor account in kotak.as a new customer relationship number.
After that u can print the asba registration form to the branch. They will approve your demat number of minor account with cmr copy.
Now u can easily apply minor ipo.

​@IPOsSeeker Fyers wale sell karne dete hai kya listing ke din ? I mean, if alloted to minor account. Prostock broker is allow us to sell on listing day without any error.

We cannot apply ASBA through minor savings account in HDFC.
Because when I open ASBA form for child account, it is populating Guardian PAN and it is in disabled state.

​@HappyToHelp I have just created account and have not done any transactions. Still struggling to choose correct bank for Minors.

Even I guess so. Earlier (2 years ago) I used to get allotment majorly from Kfintech. I didn't get allotment from linkintime then. But now Its reversed. This FY I got few allotments from linkintime but not from Kfintech(Got only Jana SFB).

Sometimes I feel like they give allotment on the basis of "Pincode/Location"

Agreed.. This thought came in my mind also..

This is not a bad formula by sebi implemented after lot of complaint by retailer regarding non allotment or irregularities it seems .

​@New Kid On The Block @Tejas Pandya This seems to be a very good idea. If a person is applying in good IPO in retail, which is generally subscribed more than 50 times application wise, so chance to get an allotment will be after about 50 applications done. For sHNI and bHNI one can calculate the allotment chances.
But this is not the practice followed. In one of my accounts I got 5 allotments one after one in retail category. Thereafter, no allotment for months.
Believe or not LUCK always matters. In Share Market it is observed that we sell, share price goes up and when we purchase, share price goes down.
But not a fix concept. Many members got many many allotments. ALL LUCK. I think so.

I don't agree with this logic.
Every time it is a fresh permutations and combinations.
Got back to back 2 allotment this year from Kfintech BLSE then Jana.
Now expecting in Vibhor.

​@PKRAJ Absolutely. It is nothing else but LUCK factor. All other noises and ideas are theory - good to hear but not practical.

nothing but ways to console oneself

हमको मालूम है जन्नत की हकीकत लेकिन,
दिल के बेहलाने को, गालिब ये खयाल अच्छा है।।

Registrar has no reason to go against rules without any benefit. If SEBI changes rule it will announce publically

​@MVP Taking it forward ..

देखिए पाते हैं उश्शाक़ बुतों से क्या फ़ैज़
इक ब्राह्मण ने कहा है कि ये साल अच्छा है

Successful allottees ke liye toh ye saal achha hi hone wala hai 🙂

Guys there is nothing in this world which work without manipulation, and those believing in the system should know , every system can be hacked to make things comfortable to dear and near ones .

Rest i leave it to MY LUÇK and to my dear brothers to keep making things positive (ATLEAST)

Actually this is a very good debate. There should be full transparency on how exactly the lottery is drawn. Might be a LIVE way where every user has should have full access when lottery data is out. SEBI should look into this matter seriously and make it fully transparent.
Just by saying Lottery no one knows whats happening behind the scene.

​@manojIPO Live system not possible,too risky for personal data breach

​@Chhote Lal 
हज़ारों ख़्वाहिशें (allotment) ऐसी कि हर ख़्वाहिश (allotment) पे दम निकले,

बहुत निकले मेरे अरमान (IPOs) लेकिन फिर भी (allotment) कम निकले.||

​@MVP Waah Bahut Khoob 👍

मोहब्बत (IPO aspirations)में नहीं है फ़र्क़ जीने और मरने का (waiting late night for allotment)
उसी को देख कर जीते हैं जिस काफ़िर पे दम निकले (disappointments mostly, yet hope for the next one)

​@Chhote Lal @MVP  One from me :
Shabeena Adeeb
" Zara sa kudrat ne Kaya nawaja( lucky one),
Aake baithe ho pahli saff main(gaining profits /leading).
Abhi se udne lage hawa main( proudy),
Abhi to shohrat nayi nayi hai ( may not get allotment always ).😀😊

Definitely there will be manipulation for certain level. These chors will do at some level in BHNi and SHNI. No body knows who is getting the allotment. I often see people post here allotted 1 BHNI etc etc. That is definitely fake. A bunch of people operating here for making the crowd to tune and increase the greediness.

Verdict - Manipulation is there. More the applications, it's easy for fraudulent. People are mislead in the name of luck game. One should think that the fraudulent activities, manipulation, inflated etc in share market are there before the computer era. { Harshad Mehta}

Secondary markets are controlled by big operators and the share prices are manipulated easily there. Similiar like that primary market also definitely manipulated.

​@KarmaTheLord  Frustration does happen when one is devoid of allotment after multiple attempts but that doesn't give any right to anyone to blame co- subscribers for manipulations who always guide , advise and mentor and then provide the status of allotment too.
I repeat , yes I got allotted for BHNI in Ireda, Jana and Rashi and many more and also shared the status like many others.
That is never fake . You can blame any agency for any malpractice but astonishingly you blamed members of CG for fake status.
Pls re think your opinion and understand to deal with people.

​@Rakcyt अभी तो शोहरत नई नई है ...
Bahut khoob 👍

And regarding manipulation fears, what else to say than
अंगूर खट्टे हैं 🙂

​@Rakcyt  First read and understand my comment properly. I said only bunch of people only not all the members. I stand with my point and don't cry if you are true or legitimate or whatever. Refrain from saying frustration or blah blah...

May be true. Recently in October '23, opened a demat account in my mother's name (she did not had demat account earlier) . After opening, Since November '23 she got around 5 IPOs (including IREDA), whereas got 1 in my account and 1 in my wife's account. Don't know if it was luck or there is some algo to give allotment to new people.

​@PBAR new people do get allotment quite often
when i was new i got allotted on the first try which was railtel for me
but i recently opened DMAT in my mother name and she didn't get her first allotment after trying more than 10 IPO so idk how it works

​@Admin @ Chittorgarh.com @Prachi @ Team Chittorgarh.com Kindly monitor this thread and make people avoid using unparliamentary words in local languages. Due to abuse of few people senior members are going out of this forum.

​@KAMMA SIVA RAMA KRISHNA 
Could you pls help all in translating what he said in South Indian ( probably Tamil) .

Request admin@Admin @ Chittorgarh.com @Prachi @ Team Chittorgarh.com  To take appropriate action in this regard.

​@Rakcyt You are desperate taking action against me who didn't bother about you. I know you are the one using another account in the name @NewIPOInvestor 

And for all .. I didn't abuse any senior person here and not my intention. If some one teasing me, I cannot be quiet. One stupid teased me I gave him the reply.

​@Admin @ Chittorgarh.com 
Do you want us to stay here or leave CG.
I don't want to respond to someone who can't be convinced .
I don't have any such account as mentioned by him.
Unnecessary lies and rumours are spread here without any truth .
Pathetic 😞

​@Rakcyt  Why are you desperately requesting Admin to block me?
If I comment something, either agree or disagree. You should not force some one to make them accept that what you are saying is correct. Any by the way again I didn't care about you and you are the one posting against me.
Don't act like big boss here. I'm here for several years and a silent observer.

​@Seth.  Ha ha ha.. sahi pakde Hain 😜

Sir can we make application from one pan and one demat to shni and retail both

no

Juniper Hotels IPO 21-23 Feb

​@Tolvaptan Apart from those appearing in CG.com, one can expect following IPOs in near future :
JG Chemicals
GPT Healthcare
Mukka Proteins
Stanley Lifestyles
Arkade Developers
CJ Darcl Logistics
Indo Farm Equipment

Juniper, with an issue size of 1800 crore, 21-23 February

You can increase the qty you can reduce that...

Increasing only possible,you can't reduce

You can increase the qty you can't reduce that...

Iska matlab ki okhali me sir dalne ke bad nikaal nahin sakte. Han pura sharir daal sakte hain 😄

You can't cancel HNI app and can't decrease amount/shares.
Retail you can cancel but not HNI as per regulations.

Apply 4 retail of 1 lot each..

*will one share stretegy work ?😅

Most probably Yes