This happened one time with me. I was using SBI upi. After few hours money was blocked again.I guess this is just a technical error from bank side. His bid is successful i guess. Ask him to again check the account balance.
Can someone who has got allotment in sHNI in any IPO can confirm my below query ? If someone applies in sHNI (2 Lacs) & gets allotment then the allotted shares will be of 2 Lacs or just of 1 lot of around 15k ?
Mene Vishnu IPO broker through Saturday ko apply Kiya tha but exchange me Saturday ko application submit nahi hoti hai to Monday Tak mene wait Kiya but Mandate request nahi aayi and cancel karne ka option nahi tha broker ki website par to mene second demat account angel one me apply Kiya and mandate request accept kar Li application number dekh kar but IPO time khatam hone ke baad angel one ki app me payment mandate was expired show ho raha hai and funds bhi block hai and exchange se bhi confirmation mail/SMS nahi mila hai.
155. MAMU| Link| Bookmark|
August 29, 2023 8:36:04 AM
IPO Guru (2000+ Posts, 1200+ Likes)
Seems now game in IPOs like too similar to SMEs. Block & Unblock in 4 days.
I applied from pnb asba but I did not get any confirmation mail or message from bse or nse, it comes every time, is my application not submitted in exchange, please help.
154.1. UjwalG| Link| Bookmark|
August 29, 2023 7:50:42 AM
IPO Guru (1300+ Posts, 600+ Likes)
If the money is blocked and your asba shows successful application, then its submitted. There are lakhs of applications in this ipo, exchanges cannot handle these many applications sometimes, hence they get delay in sending emails.
Never applied in SME IPO, there is lots of confusing and contrary information regarding cut-off price.
So can any experienced senior kindly tell if a SME IPO is coming with a "Price Band" then it is applied at cut-off or one has to manually enter price - or in SME IPOs, regardless of it being fixed price or price band, price is manually entered Always?
Cut off price application is the same for mainboard and SME IPOs. You always apply at the highest price. Some SME IPOs come at a fixed price ( example CPS shapers SME IPO opening today is fixed at 185. So you apply at 185). Others come at a price band ( example Basilic Fly studio 92-97. Here again u apply at the maximum price 97) Again select cut off price if retail application. And If HNI application, dont select cut off, just enter the maximum price. Most banks automatically deselect the cutoff check when u apply more than 1 lot. But just ensure you do if it doesn’t). Happy investing 👍
Off topic. I am opening minor account in HDFC bank. The lady told me for that guardian account for 25k and minor account for 10k is minimum balance required. Pls advice if for me also 25k is required since in HDFC bank portal it's mentioned 10k is sufficient.
MAB is Rs.10K, i.e. you have to keep at least15K for 20 days or 30K for 10 days and so on. In case of preferred account Charges on Non-Maintenance of minimum Balance in Savings Accounts is Nil.
5000 rs for minor & 10000 rs for guardian account is sufficient. I just opened .do you intend to apply for ipos from minors account ? its a bit tricky as hdfc asba doesn't allow minor ipo applications & upi id cant be created for below 15 yrs old minors.
@Anugya@S P Dhua@RAJESHWAR - Thanks for the feedback. I spoke to agent and she told the account is "savings max account" and thats the reason its 25K minimum balance.. its ok as of now with me.. let me see. @RAJESHWAR- oh is it.. yes, the aim was for minor IPO only since it was mentioned HDFC provides online ASBA facility. let me try once
While applying in HDFC ASBA there is an age column & if your fill age as less than 18 years it won't allow you to proceed further. With which broker you intend to open demat trading accounts ?
@RaJeshwar- prostocks. I already have minor account with SBI, but it's completely waste as no rights( only view) internet access. Plus NEFT max i can do 5k that too bank ppl are getting angry n telling minor account u should not use.