for Yes bank FPO, if retail is undersubscribed. In this case suppose person A has applied at price 12 and person B has applied at price 13. Then in this either one person or both will get allotment ?
194.1. lekker| Link| Bookmark|
July 17, 2020 10:40:04 AM
IPO Guru (1300+ Posts, 2000+ Likes)
both will get at price of 12, person B 1K will refund
I used hdfc netbanking ipo application form to apply for yes bank today evening..the form got stuck just before the success page...now when I try to apply again it says already ordered, but in order history it doesn't show any orders.. should I apply from another account now?
193.1. Earthking| Link| Bookmark|
July 17, 2020 6:36:13 AM
IPO Mentor (1100+ Posts, 400+ Likes)
Check today it will show in order history ... Mostly u wud have ordered after IPO market hours yesterday and that's why it won't show yesterday ... Check order book today morning after 10 am
Same happened with me. Applied through Hdfcsec on 15th at around 12pm. No exchange order confirmation till 16th night. Status was showing ordered till last night. Today on 17th status was still the same so I canceled that application and applied again. Hoping that this time they will process it and give me the exchange order confirmation by evening.
193.5. lekker| Link| Bookmark|
July 17, 2020 10:38:56 AM
IPO Guru (1300+ Posts, 2000+ Likes)
@VickyBaba you should not cancel, your 1st order will be executed today post 12noon.
Agreed!! Term over of old one and new one was previously part of board of directors of SBI California. Now a different question - for Yes bank FPO, if retail is undersubscribed. In this case suppose person A has applied at price 12 and person B has applied at price 13. Then in this either one person or both will get allotment ?
Who will buy on listing day? SLBM BT/LLC still have 780cr in their pocket...
SBI already placed their bid on first day itself of 1760cr, so SBI will not buy...
Tomorrow few good names of HNI might bid...
184.3. Eagleye| Link| Bookmark|
July 16, 2020 8:03:00 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Dear Small Investor (m=43736),
Before we take your advise on the expected price on 27th July ... Will you be kind enough to explain to us ... who is buying today at 19/- , when they can apply in FPO at 12/- ?????
As per my understanding, most of retailer not apply for quick gain but long term view so will not sell in loss. Also its is still confusion why public buying at 23-22-21-20 level even its get confirm allotment? Either buyer are foolish or they know about Yes Bank rocking or operator playing game at big level.
even why we should always look for listing gain and then only apply... We can look this opportunity for long term like we look secondary market...
Yes, today whoever RII already applied most of them are long time Holder... most of them wanted to avg their holding also... Selling pressure will be there on listing day only for first 90mins of trade if it sustain then it will be boom ....
In this case Listing gain lookers should not apply...
Yes, thats whats I am telling about long term view should apply. I dont have any share at this moment and applied for 3 lot with taking risk to hold at least 6 month. If goes below 10 then plan to add 2 more lot else keep holding 3 lot only. I applied based on situation where near about 50% delivery taken daily basis even at 23-22-21-20-19-18 rs.
See the price coming down on daily basis. There are six more trading days before the OFS supply comes for delivery. Price is being maintained to subscribe fully the OFS. Only 25% of present shares are sellable. FII , DII and Mutual funds are not worried because the money invested by them is not their hard earned money but investor's hard earned money. Think twice before applying. Money is yours.
I believe that we must surely see the price below to cut off price (12-13) on listing day itself. Retailers should make fresh buying or averaging on listing date for long term.