It will considered for lottery if there are 9 more applications in 58 lots category other than your 2. If there are total 11 applications then your chance would be 2/11 (around 20%)
73.2. IPOGainers| Link| Bookmark|
May 30, 2024 6:31:33 PM
Top Contributor (500+ Posts, 100+ Likes)
@Arun Jindal@Sharksshark There should be 4 applications in 58 lots category to be considered in lottery. If there are 4 applications, 1 app will be allotted.
73.3. Esparando| Link| Bookmark|
May 30, 2024 6:40:06 PM
Top Contributor (400+ Posts, 100+ Likes)
Yep, I am kind of in the same boat with 2 applications for 47 lot. Need at least 3 more to be eligible for lottery. @Arun Jindal you need two more applications besides yours to be lottery eligible. All the best buddy.
@IPOGainers Total bids in HNi category is 41,50,72,000. I think 0.15% shares are required to be bidded in a category to go for lottery. By that logic 622,608 shares are required in the lot size of 58 lot. 2 applications would mean 58*1000*2= 116,000 shares. Hence, 506,608 more shares are required i.e more than 8 lots roughly. Pls correct me where I am doing wrong 🙏
72. Rajiv RR| Link| Bookmark|
May 30, 2024 6:46:29 PM
Top Contributor (500+ Posts, 100+ Likes)
66.1. CJ ROCKS| Link| Bookmark|
May 29, 2024 4:59:42 PM
Top Contributor (300+ Posts, 200+ Likes)
@Modi Adani Bhai 95 cr. ka SME IPO hai. Most of us applied GSM foil yesterday and saved money for Beacon Trustee tomorrow. So I think it is pretty decent subscription for such a large SME IPO. Yes agee 👍on ur point Election's outcome is definitely in the mind of subscribers even though everyone don't miss any chance of getting allotment chance in such a big IPO. Let's hope for the best🤞
@rohiitian - Even as per my memory this has to be the highest HNI subscription amount wise. If Beacon crosses 850x tomorrow, total HNI money will be beyond 10k Cr. Usual 20-30Cr sized IPOs crossing 1000x in HNI will be a norm in coming days.
66.4. CJ ROCKS| Link| Bookmark|
May 29, 2024 5:21:19 PM
Top Contributor (300+ Posts, 200+ Likes)
@rohiitian Yes agree 👍Sir ji. ABS marine and Vilas both have same issue size but Vilas fetched much more money than ABS. As u mentioned whopping 6000 cr. in HNIs category. It may surprise positively on listing.
66.5. CJ ROCKS| Link| Bookmark|
May 29, 2024 5:31:43 PM
Top Contributor (300+ Posts, 200+ Likes)
@GrayIsTheNewBlack Yes sir typically good SME IPOs size is vary from 30-60 crores. But ABS, Vilas and next week Amitron Electonics are all 85+ Crores issue . It is good thing that now good large quality SME IPOs are hitting the markets. As per ur calculations 👍Beacon may break all records👏 even we are in a dilemma whether to apply or not considering the election's result. Let's hope for the best🤞🙏
66.6. MVP| Link| Bookmark|
May 29, 2024 7:19:57 PM
IPO Guru (1300+ Posts, 1000+ Likes)
If my memory serves well then this is 3rd or 4th highest subscription amount in HNI category in the history of SME IPOs. Emmforce 6.6K crores Accent Microcell 6.4K crores.
66.7. Modi Adani| Link| Bookmark|
May 29, 2024 7:36:14 PM
Top Contributor (400+ Posts, 100+ Likes)
I didn't check IPO size.. People like me who just see GMP and subscription number and fresh issue or offer for sale.
I just checked subscription number 100x or similar... Recently few SME IPOs subscribe almost 800x in retail or 1000x ( most of time good IPO over 500x only) Compared to that, this number is small.
66.8. CJ ROCKS| Link| Bookmark|
May 29, 2024 7:43:34 PM
Top Contributor (300+ Posts, 200+ Likes)
@Modi Adani Never mind sir aksar bade bade shahron mein aisi chhoti chhoti baatein hoti rahti hai🤣😂. Fir Bade bade log Bade Bade Naam😎😎🇮🇳. Modi Adani Naam to suna he hoga🤣😂. Just for fun please don't take it seriously 😃
66.9. Modi Adani| Link| Bookmark|
May 29, 2024 8:27:32 PM
Top Contributor (400+ Posts, 100+ Likes)
@CJ ROCKS Me khud modi k against hu lekin portfolio me adani h, isliye smj nai aata kisko support kru... aap hi batado 🤣🤣🤣
66.10. CJ ROCKS| Link| Bookmark|
May 29, 2024 8:54:32 PM
Top Contributor (300+ Posts, 200+ Likes)
@Modi Adani Well it is personal choice 😎which person you favour. Ur question is ur answer bro. Modi ji aayenge toh Adani, defence, Railway, Infra aur ek sector jisko koi bhi analyst bade se bada share market ka gyani sab avoid karne ki advice dete the "wo sector hai PSUs" sab chalenge. Well forum mein kuch log disagree bhi karenge. Sab ko apni baat rakhne ka adhikaar hai. But last 4 year r Golden period for above sectors with Blockbuster MAINBOARD and SME IPOs. Favour the good work and policies not the person or a party but same time raise ur voice against the mistakes and bad decisions also. Market jaroor chalega ye Modiji ki guarantee hai 🤣 on a lighter but sincere thought😎Sorry bai post thoda lamba ho gaya kyonki Ac mein baithe baithe huye 3 ghante ho gaye hai mind thoda relax hai. Delhi mein abki baar ho chuka 52 paar☀☀Relax guys it is Delhi's Temp.
I think ppl with capacity to apply till 10 lots are not worth it to apply in HNI as many ppl apply far more bigger lots to secure one lot so eventually total lots will be decreased and as HNI lots are already low in percentage to retail getting allotment is next to impossible.... So it's better to apply in retail only who have money for upto 10lots as atleast you get fair chance of getting allotment as in HNI it is already secured by many ppl with higher lots application.
What are the views of experts in this kindly revert
And what should be the lot size one should apply in HNI to get good chance of allotment. I know higher number of lots are higher chances but I am looking for some numbers like 20, 25, 30 etc
Even though issue size is big, i still expect near 500x +/- @PLAZA
61.4. DEVBULL| Link| Bookmark|
May 29, 2024 2:22:27 PM
Top Contributor (400+ Posts, 100+ Likes)
@PLAZA VILAS is comparable to ABS Marine in terms of issue size, lot size and issue price. The HNI subscription for ABS was 271 times. With the weightage of HEM and better GMP than ABS as on the closing date, we may expect HNI subscription for VILAS in the range of 390 to 420 times, keeping in mind that large people will reserve money for Beacon which is the best one and closing on tomorrow.
61.5. PLAZA| Link| Bookmark|
May 29, 2024 3:23:32 PM
IPO Guru (1900+ Posts, 1200+ Likes)
@Detritus You should add 10k they can try again today or tomorrow
61.12. PLAZA| Link| Bookmark|
May 30, 2024 9:04:34 PM
IPO Guru (1900+ Posts, 1200+ Likes)
@Detritus Sorry dear I m not familiar with mechanism of भीम or other except netbanking. Other members definitely give there valuinputs to you .
61.13. PLAZA| Link| Bookmark|
May 30, 2024 9:11:37 PM
IPO Guru (1900+ Posts, 1200+ Likes)
@CA Saurabh Bansal Can one apply without fund throgh BHIM UPI .is there blocking of fund not required . Pl explain how this works as not having any knowledge about it .
@PLAZA@CA Saurabh Bansal This was my first allotment so I am not familiar with the process. When I saw the notification on BHIM that IPO payment has failed I checked my balance and it was short 10k so I came running here for guidance. Now I have checked my SBI account and found that 1.47l has already been in hold as lien. Now I do not understand why payment failed!! Maybe I should put in an e-mail for clarification. Will they allow me to pay through other medium?
61.16. DEVBULL| Link| Bookmark|
May 30, 2024 9:34:29 PM
Top Contributor (400+ Posts, 100+ Likes)
@PLAZA Congratulations to you. For me no allotment for 55 lots x 2 hni app.
@CA Saurabh Bansal Thanks, I hope so too. I will drop an e-mail just in case.
61.19. PLAZA| Link| Bookmark|
May 30, 2024 10:21:40 PM
IPO Guru (1900+ Posts, 1200+ Likes)
@DEVBULL Thanks sir. Now day by day it is very difficult to get allotment in 30 to 100 times application and all depends on luck. As I had applied 157 lot in Abs marine but didn't succeed because there were two application in this lot as per full BOA received yesterday from registrar. Wish u will get allotment in next ....