Vibhor Steel Tubes Limited IPO Message Board (Page 14)

Put share amount to 1386 for shni(14 lots), and uncheck Cut-off price.
Above 2 lakhs rupees bid, Cut-off price must be un check

​@Binni आप ASBA या UPI से करो कोई फरक नही पडता, ये सब luck पे निर्भर हैं।
If in allotment mail you are not geting rejected application then it is all luck, nothing else..

All the best for the next one..👍👍

​@Vimal Garodia One like from my side for super crisp response 👍

​@Chhote Lal bhai 🙏🙏..

​@Vimal Garodia  Vibhor subscription figures on first day itself are like Aatm-vibhor to Bhav-vibhor kinds. Let's see if we get lucky in this counter. Best Wishes 🙏

Whether you apply through ASBA or UPI chance of allotment is same. U can submit only one application in an IPO.. If an IPO has shareholder quota and if you are eligible for shareholder quota then u can submit one application in shareholder quota also

​@Binni  Just to add to what @investormahesh mentioned, if there is employee quota, one can make third application too with same PAN if meets this condition.

Best wishes to you @Chhote Lal  and all others whether they apply 1 lot or 14 lots or 67👍👍

​@Chhote Lal Brother I know that some IPO s have employee quota. I didn't mention it because it is rare event for an individual. Chances of Binni ji or
any other person being eligible under employees quota is less than once in lifetime (probability). Since the probability is very little I didn't consider it necessary to mention in my message. My message is a brief reply to an individual. It is not a legal document where all scenarios must be covered, all if and buts must be covered

​@investormahesh  Sir, the rejoinder was just for information purpose in general. It was not to undermine your deep knowledge. Sorry, if you felt offended 🙏

​@Chhote Lal @Vimal Garodia @investormahesh  Thank you all for the valuable information. Mane 2 pan se ek ek lot apply ker diya retail me milaga mushkil but dekho bhole ki kya marji hai i am trying from the last 8 moth but kabhi kuch ni mila na sme ipo me na main board me

Sir ek last question bus vase mere pass paise 8 lot apply kerne ka pade hai toh ek pan se 8 lot apply kerna jyada sahi hai ya fir 2 pan se ek ek jo mane already apply ker diya thank you sir in advance

​@Binni Applying more than 1 lot in oversubscribed issue in a single application is of no use. Aapne Jo Kiya, ek ek lot from two PAN, ek dum sahi kiya 👍

​@Binni U have submitted two applications.u might be knowing that third party applications are not allowed

​@Binni In retail category of mainboard IPO there is no extra advantage in single application of more than one lot if retail category is oversubscribed APPLICATION WISE. If you have 215000 then submit single application of minimum lots in SNII category. Minimum lots allowed in SNII category of mainboard IPO is generally 14 lots

​@investormahesh i have applied one lot in my account with bhim UPI and one lot with icici asba with my mom account so 2 lot with 2 different pan card one bhim upi and one icici asba if you arr saying bhim upi is not valid now I will cancel my application and reapply with icici asba please suggest

For your application money should be used from your account. For your mother's application money should be used from her account. Suppose if there is no money in your mother bank account then u will have to transfer money from your bank account to your mother bank account before submitting IPO application in her name. For 15000 I see no problem. But if u have to transfer 5 or 10 lakh from your account to your mother account or vice versa u should consult some tax expert regarding tax implications. There are some tax experts on this forum.

I didn't say Bhim UPI is not valid, nor I know in this regard because I never use UPI for IPO application.

​@investormahesh yes i have already transferd one lot amount in my mother account. So many will block on my mother account only and for mine from my account only

If IPO application is in name of one person but money is withdrawn from another person 's bank account then it is called third party application

Now I understand but i am not using third party app never used

I don't know about IPO application through Bhim UPI.. Except that your application s seem to be ok.if u have earlier applied through this method then don't worry

Kotak 811 AC

Opened two accounts in kotak 811 for family members. Having only two mobile number.
Now want to open bank account for other family member.

Is kotak 811 good without any hidden charges?. Im using Paytm payments Bank for all my online transactions, bill payments and small transactions to keep my bank account clutter free, without any fee or charges whatsoever. Is kotak 811 good replacement for Paytm, if not please suggest any other like Airtel payments Bank, jio pb....etc.

​@Unlucky investor With current stance of RBI on paytm, services of payment bank may not be available beyond this month. Keep your Plan B ready.

​@Chhote Lal Yes, that's why I'm searching for a good alternative. Is any of the above 3 options good? Or is there anything better?

Admin and IPO gurus who applying 10-20 or more applications, Kindly guide .

​@Unlucky investor Choose any good bank (there are so many options like IDFC, ICICI, Kotak, HDFC, SBI, Axis etc.) Choose a service provider which gives you ASBA facility too. For UPI you may choose bank app or third party app like G-pay. For DP participant, services of discount brokers like Zerodha or Upstox is hassle free. Please remember, there is no free lunch. Each bank/service provider levies charges for the services.
Study it yourself and take informed decision. Best Wishes 👍

​@Chhote Lal  I think you wanted to reply to @Babal .

If the above reply is for me, then Sorry, I think you misunderstood me. It was an off topic question. I already have two main bank accounts.

I was using Paytm for online purchases, bill payments etc so as to keep my main bank accounts neat. That's why I was looking for a zero balance bank account for all the Day to day transactions which I wouldn't be using for any other purpose. Thanks for your inputs, I think I should have worded my question better.

​@Unlucky investor Never mind. Whosoever finds info useful may consider it. Take what suits best and leave the rest 😄

​@Chhote Lal There is no free lunch . However, If we can avoid recurring cost it will be better as account will be used for IPO only. No other motive.

​@Babal Agreed. One should always be cost conscious !

​@Chhote Lal Absolutely, 😄

​@Chhote Lal  Thanks for your information. We get many information from this platform which are very useful such as minor demat account in prostock.

​@Admin @ Chittorgarh.com I expect admin will share valuable information of bank giving zero balance account and online account opening.

Try indusind bank. I have an account in this bank though I am not using this for IPO.

​@Admin @ Chittorgarh.com  IPO gurus and Admin, any suggestions from your side regarding bank account. How to handle 20-30 IPO application ?

Any IPO guru or Admin can please help on subject. @admin

​@Babal  I am no expert and really find it difficult to manage 4/5 applications. However, with my little understanding here is my chhoti si contribution if it helps :

1. Make data base of all the 20 applicants in Excel worksheet (or manually in a register)

By the way, who are these 20 people? Your family members, friends, employees, neighbours, gardener, presswalah ... Well, it does not matter if you have their consent to operate on their behalf and are ready to share credentials.

2. Open bank account for each one of them, say Kotak 811 a/c (just an example, I have no affiliation). Each one should have PAN, Aadhar, Phone as bare minimum requirement. Also create e-mail IDs for them.

3. Next step is to obtain demat account for each one of them. Choose any discount broker (say Zerodha). You will require bank account nos. and other credentials as mentioned in step 2

4. Demat accounts once ready can be used for applying IPO. Ensure IPO is applied with unique PAN and respective bank a/c only as third party are liable to be rejected. For this, you need funds to be made available (atleast Rs 15K in each account).
And lo, you are all set to go.

Keep recording data and activities in Excel sheet for ease in tracking.
Please note above inputs are not to be construed as any legal advice. Please study and take your own decisions.

All the Best 👍

Kotak 811

​@Babal Bank of India has options for online opening with zero balance or as little as 5000. Same with PNB, and RBL.

You can opt for FiMoney, Jupiter Money, IndMoney types which partner with Federal Bank for zero balance accounts. IDFC, Indusind have a 10K minimum balance variant. The Zero balance one of Indusind and other similar banks mandate initial funding plus debit card charges.

Its best to choose low minimum balance account, as zero balance accounts will either come with restrictions such as Kotak 811 or demand upfront funding, subscription model, debit card charges etc.

Thanks to everyone

It depends on market cap of the Company...Revenue of company etc