Wise Travel India Limited IPO Message Board (Page 10)

Same for me.. such a pathetic process if this is the case

​@IPO.RIKI  लगता हैं beetal का ताल बिगड गया हैं।।😊😊

Whether "No PAN found" means no allotment, and whether allotment is genuinely out can get confirmed only when someone posts here about getting allotment.
I feel, it is too early to be out.

In fact, looking at the RTA's lack of experience (0 IPO since new norms, this is only its 2nd IPO in last 9 yrs!), I was expecting it to come only tomorrow.

Muje bhi same dikha raha he "No PAN found"
Ye SEBI bhi kese kese registrar ko permission deti he jo itna simple kam bhi nahi kar sakti

​@Rohitkalra it means applying in HNI with that many times.. 1 lot in SME means shares assigned in Retail quota e.g. 1000 shares for WTI cabs is 1 lot

Join by 5 lots - applying 5,000 shares
Join by 3 lots - applying 3,000 shares
Join by 6 lots - applying 6,000 shares

​@Rohitkalra In oversubscribed SME IPO allotment is by lotttery. Now to be considered for a lottery there has to be enough number of people in that lot category..

E.G. suppose Mr ABC applied 10 lots and there is nobody else with 10 lots then he will not be considered for lottery..
But Mr XYZ also applied 10 lots then there will be lottery between the two..

That is why people say JOIN me with so and so many lots..

I am simplifying it but it is a bit more complex than this..

Hope this helps..

​@Vimal Garodia Thanks for explaining and just to continue with this discussion...
If I have applied with 1 application of 25 lots(not that I have that much cash anyways :P) and there is no one with that many lots and lets say there are 3-4 different applications with 15 lots each, so by this logic I'm not even considered in the lottery??
Honestly seems a bit unfair :(

Same, mine also still blocked!
All other unblocked timely Hdfc/ Axis.

Atmastco and esconet looks good as of now..

Allotted 1 / 2 BHNI (49 lots each)

Congrats @DEVBULL for back to back allotment.
Enjoy...

How is your indusind bank experience? what is the interest they are giving for flexi fd? How fast unblocking the amount incase of non allotment?

​@Pangaj Don't be like me 
Thank you.
1) FD interest rate for 1 year tenure for Senior Citizen - 8.25% and for Others - 7.75%
2) Unblocking for Non-allotment - Normally before 2 pm. I experienced delay for 1 or 2 cases between 3 pm to 3.45 pm. Whenever delay, I use to send email complaint to the Principal Nodal Officer of the Bank with copy to Branch Manager.

Hi @DEVBULL ,

Thanks for the information.

1. Can we do Flexi fd via online or we need to visit the branch?
2. will fd creation done automatically if we transfer some new amount?
3. what is the cut off time for IPO application in last day?
4. do we need mobile otp to login into netbanking?
5. Can we use minor account in indusind bank to apply IPO any idea?

Hi, did you feed cut off price manually in this ipo or just tick off cut price check box? Asking for SME HNI category.

​@DEVBULL Congrats and your strategy always worked. Great

​@Pangaj Don't be like me 
1. This is called Linked FD not flexi FD. That is, FD linked to Savings A/c with authorization to break and utilize in case of shortfall in Savings Account to meet out the debit instructions received.
2. No Automatic. We have to apply for FD through Net Banking.
3. Cut of time for NII is 3 pm.
4. No OTP for login to Net banking. User-id and password only.
5. No idea as regards minor account.

Congratulations on allotment sir
What's the reason behind selecting 49 lots?

​@Sharksshark 
In Indusind Bank Net Banking - ASBA,
1) For NII, no cut off option. We have to feed quantity and rate.
2) For Retail,, cut off check box is available. We have to tick the check box. The quantity, rate and amount are filled automatically.

​@KGSKIPO Thank you.

@BGH In this IPO, I guessed odd lot size of 49 lots x 2 BHNI would get better ratio of allotment compared to 50 lots size x 2 BHNI and it clicked. Let us see the BoA when made available.

​@DEVBULL That is a bold decision you have taken. That means there were atheist 8 applications in that slot. For a odd lot size of 49lots I thought it would be rare toget required applications. Congratulations! Let us hope it turns out to be a lambi race ka ghoda....

​@DEVBULL  Thanks a lot for your information.

Sorry still I have some queries.

1. Can we create different blocks of linked id instead of one linked fd like one 10 lakh can we create 5*2L fd? I am thinking it block only one instead of breaking others?

2. How are you avoid fd break incase of allotment?

​@Pangaj Don't be like me 
1) You can take multiple linked FDs as you wish. Your thinking of 5 x 2L linked FDs is quite possible.

2) By keeping sufficient cash balance in the Savings Account, we can avoid breaking of FD(s). For example, keep Rs.2 lakhs in the Savings A/c and 5 x 2L FDs, apply for IPO up to 11.75 lakhs. In case of allotment for Rs.1.4 lakhs, the amount will be debited from your Savings A/c and balance will be unblocked. Your FD(s) are intact and the amount in the Savings A/c will become Rs.0.6 lakh.

3) Even if there is insufficient cash balance in your Savings A/c, you can avoid breaking of FD by making Fund Transfer from some other A/c. But you have to take quick action before the Bank comes into action for honoring the debit instructions received.

​@Pangaj Don't be like me Never try indusind bank they break pan India 106 accounts fd on dated 24-11-2023. Every one suffers loss for breaking fd with penalty and less maturity amount including me. My complaint is still pending on bank end.

Hi @IEC,

As per DEVNULL,
OT IS GOOD

Hi @DEVBULL ,
Planning to open account in indusind bank linked FD to apply IPO.

What is your view on Indusind bank?