1. Which platforms support applying SME IPO via UPI? 2. Also which platforms/ BANK ASBA supports applying SME IPO after 3 PM or atleast upto 4 PM as all SME HNI Game starts after 3 PM?
@Kami - I don't think prostocks allows you to apply SME IPO through their site. we can only apply thru bank asba, but, yes they do allow you to apply mainline IPO through their site.
Summarising all inputs : Only in case of SME IPO : SBI cutoff time till 2pm ICICI cutoff time till 3pm HDFC cutoff time till 4pm Canara cutoff time till 4pm
I have my son's (minor) account in prostocks and If i apply any SME and allotted, in that case, will I able to sell it as we can do in Zerodha? Or i will have similar problem like we have in ICICIDirect? ICICIdirect does not allow to sell SME shares on the same day of listing, correct? Somebody pls help me understand it.
dont have personal experience on this issue... but as per others view we cant sell from minor's demat ... untill they turn 18... better contact the broker customer to confirm on it...
@Amit Surana - Thank you, we can sell the shares received in IPO. but can't trade from minors account. @purushottam Lalria - Thank you, investment (delivery based) too can be done but not trading. anyway I did not try that. I use it only for IPO application
57.4. Ravu| Link| Bookmark|
September 8, 2022 11:01:24 AM
IPO Mentor (700+ Posts, 400+ Likes)
@Milton , You should be able to sell from prostocks, so far didn't hear any complaints about prostocks in this forum.
@ Milton ji .. are you sure we can sell the shares received in IPO that too on listing day and not wait till child turn 18? maybe then even i should open minor account :)
57.6. Ravu| Link| Bookmark|
September 8, 2022 11:34:04 AM
IPO Mentor (700+ Posts, 400+ Likes)
@Amit Surana, No issue with selling on listing day if the trading platform allows. Grow is allowing to sell only from next day.
If one can sell only after the child became 18 years, who will apply for SME.
56.1. antarix| Link| Bookmark|
September 8, 2022 12:48:50 PM
IPO Guru (1100+ Posts, 700+ Likes)
Chances of allotment in Virtuoso: 6/80 In others, you can calculate similarly.
55. IProfitO| Link| Bookmark|
September 8, 2022 12:38:43 PM
Top Contributor (200+ Posts, 100+ Likes)
For better allotment chances and short term gain apply mega flex .This ipo is good in long term . Apply as per your chances . I have gone 8 retail here and will go HNI in Mega flex .
In IPO Watch Site , GMP is shown as 2 and Subject to 15000. Also the fundamental appear strong which should easily take the total subscription to 150 to 200 times. But as of now it is lacklustre. Experienced boarders pl clarify.
3 minimum Small HNI application would have better chance of allotment than 6 retail application.
48.1. Arca| Link| Bookmark|
September 8, 2022 11:04:24 AM
(1000+ Posts, 500+ Likes)
I differ your opinion. in fixed price sme, retail have more power like if hni subscription is less than retail some portion of hni is transferred to retail to make the allotment ratio equal but not other way round.
After clear cut review of APPLY by DD Sir... and with such small capital i was expecting for amazing S2 and GMP... is there anything which is effecting its demand? infact power stock are on rise since last few days... still other SME IPO are commanding better demand and subscription...
45. Bhav| Link| Bookmark|
September 8, 2022 10:23:26 AM
Top Contributor (400+ Posts, 100+ Likes)
Hi everyone,
Yesterday i applied from au bank one retail, now status is showing released, not able to cancel bid, as i want to apply in HNI,