Online brokerage Paytm Money has unveiled a new feature that allows customers to pre-book IPO allotments before market hours, chief executive Varun Sridhar told us.
IPO parade: This comes as several high-profile startups and corporations such as Zomato, Life Insurance Corp of India (LIC), Paytm, PolicyBazaar, Care Health and Nykaa are set to debut on Indian stock exchanges in the coming months.
Details: The feature will allow retail investors to request for IPO allotments ahead of the official opening of subscriptions on exchanges. Typically, an investor can only buy allotments when subscriptions are live.
The feature will first go live on the Paytm Money app for the upcoming Zomato IPO on July 14-16.
Kya fayda feature ka. I have applied GRINFRA from PAYTMMONEY Portal with UPI & successful mandate within 5 min on the very first date, I got message Mandate Pending till now. Already contact 20 times & 2 times over the call and they just reply please wait for some time. So, I prefer to ASBA always but first time try with UPI and stuck.
Means Paytm can use our money in meantime without interest. ;)
335.4. jajo| Link| Bookmark|
July 14, 2021 5:46:28 PM
Top Contributor (300+ Posts, 200+ Likes)
Their new feature itself is totally misleading and confusing. Its not "Pre-book IPO allotments before market hours". Its only for Pre-booking of IPO applications before market hours". Those who applied will not get any preferential allotments like first come first served basis, but treated at par with all other retail applicants for share allotments. SEBI should pull up Paytm Money for misguiding retail investors.
334.1. sdz| Link| Bookmark|
July 14, 2021 12:35:24 PM
IPO Guru (1000+ Posts, 500+ Likes)
All the best Noorul
To apply under NII, calculating return for 1week is more important so we need to see both oversubscription and GMP
Shyam : Allotment 0.30% * 40% GMP= 0.12% for 1wk IPL : 2% * 20% GMP = 0.4% for 1wk Clean/GRIL: 0.5% * 50% = 0.25% for 1wk Zomato (NII est 33x): 3% * 10% = 0.3% for 1wk
5.75% pa FD= 0.11% for 1wk
Any suggestions or views are welcome
334.2. sdz| Link| Bookmark|
July 14, 2021 1:03:45 PM
IPO Guru (1000+ Posts, 500+ Likes)
We can deduct savings rate 3-4% from FD rate. But we also need to include loss in extra FD premium for the periods when not invested in IPO. So, i think any estimated return more than 0.25% a week is good for NIIs to apply
Fd these days are about 5 %. And saving gives 4%. 1% doesnt make any difference .. some times i missed an ipo by few lotss in hni.. now having more probability..
open saving account in idfc bank saving interest 5% credited monthly so any time u apply in ipo
334.5. sdz| Link| Bookmark|
July 14, 2021 2:47:56 PM
IPO Guru (1000+ Posts, 500+ Likes)
@Noorul. Minimum 2% is the difference in interest rates between 2yr FD and savings rate if both from same bank. Also, penalty of 0.5%-1% on premature withdrawl of FD from starting date of FD.
NIIs using own funds like us will benefit if we get more than 0.15% in 1week, while Leveraged NIIs need 0.2% or so
@ what ur stand about current ipos . R u going for zomato or tatwa pharmacy.. i may skip zomato.. n going for tatwa with full force
334.7. sdz| Link| Bookmark|
July 14, 2021 4:05:22 PM
IPO Guru (1000+ Posts, 500+ Likes)
@Noorul. My criteria to apply in NII is simple now, expected return should be minimum 0.2% per 1wk.
Zomato : (NII 33x) Allotment 3%* 10% GMP = 0.3% (Apply but not more than 60lk as i dont want more than 2lk allotment) Tatva : NII (250-333x) Allotment 0.3% * 50% GMP = 0.15-0.2% ( Apply 2 in retail and balance amount in 1 NII as Zomato money will not be back by 20th )
@sdz what u said its applicable only if gmp sustain till end.. in case of zomato it can b zero n can go pass 20.. where as in tatwa its seems gmp wont break 500 mark.. zomato has much biggger float in comparison to tatwa.. i will prefer tatva its a small issue n promoters hve left something on table for investor.. on other hand zomato is bit expensive n fancy..
334.9. lokes| Link| Bookmark|
July 14, 2021 4:51:15 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@noorul: don''t skip Zomato....here applying 250 lots you can get around 4-5 lots with total profit of around 10-15k and even more as Zomato can give 15 to 20% gains on first day.... And applying 250 lots in tatwa ipo will allot around one lot of profit around 10k.... So better to apply in both as per available funds....I will apply around 120 lots in Zomato and 260 lots in tatwa ipo...
@ lokes i will definitely think it over.. lets wait for last day for hni subscriotion. If its under 50. I may go for zomato wd 240 lot
334.11. sdz| Link| Bookmark|
July 14, 2021 5:33:54 PM
IPO Guru (1000+ Posts, 500+ Likes)
We can''t predict how these loss making consumer brands perform. They''re always on some kinda cocaine. Barbeque nation IPO flopped at 500 and still it jumped to 800
333. arunARUN| Link| Bookmark|
July 14, 2021 5:30:09 PM
IPO Guru (1900+ Posts, 1600+ Likes)
i am confident that Zomato issue will have more than 25 lakh applications after rejection
Please correct me if I am wrong.. But last heard GMP was around Rs 10/- only which translates into listing gains of 2000/- How can listing gains be 100% ??
332.3. mDelhi| Link| Bookmark|
July 14, 2021 2:23:44 PM
Top Contributor (200+ Posts, 100+ Likes)
कुछ भी कहने से पहले सोचिए ,10 ×एप्लिकेशन के हिसाब से, 4× भी बहुत होगा। और डबल ,ये डबल नही बबल लग रहा है। रिटेल मे इतना उत्साह, अभी पिछले दो इश्यू का पैसा खुला नही।
@ Dinesh Singhji , I think your estimation is totally wrong there is no question of getting 100% listing gain Even if you get 10% listing gain you should consider yourself lucky Better play safe and avoid this issue to avoid any losses which may arise as GMP is reducing day by day
Please you all don''t apply and let''s others gain something from this IPO. You will run away after seeing the subscription figure last day. It is fully subscribed today. In stock market, unexpected happens and not what you are expecting.
332.8. BubbleBoy| Link| Bookmark|
July 14, 2021 5:02:06 PM
Top Contributor (400+ Posts, 100+ Likes)
Lol, Double! VVVVVV LOW PROBABILITY So you mean it''ll have Mcap of around 1.3 lakh cr!!!! 😎😋 All the Best Dinesh bhai. 😃
I had predicted the listing 90% correct. People don''t have knowledge was saying it will never happen.
332.12. lokes| Link| Bookmark|
July 25, 2021 11:37:39 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@dinesh: how you predicted 90% correct, can''t you see you told it will list at 100% premium but it listed with 53% premium.....far less than your prediction....even later also closed around with 65% gain
Your numbers are quite exaggerated in my opinion. May be very old school approach. Honestly I don''t think anyone would believe in an Equity investment beyond 5 years nowadays, off course there are exceptions. As per the capital gains taxation, anything less than one year is short term and beyond one year is long term. It is as simple as that.
In my view:
1 to 3 months is short term 3 months to 1 year is medium term 1 year and beyond is long term.
You have the bragging rights if you are holding any stocks for 10-15 years as you mentioned but I am talking about the harsh reality and the new norm. Cheers!!
329.5. lokes| Link| Bookmark|
July 14, 2021 4:56:53 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@kring: your definition of short term, medium term and long term is perfect...
Need help!! Does anyone tell me if i apply for this Zomato IPO and didn''t get allotment then when can i expect the refund on my account so i can invest on listing day. Its saying Initiation of Refunds on 23rd Jul. Does this mean i can get refund on 23rd or it will delay more?
Ha bhai .. ab zamana offline se online ka aa gaya he to S chand to gai kamse.. Lekin Zomato se to har koi order karega, new generation is not like our mom and grandma who prefer always cook Inside kitchen. Week me 1-2 bar swiggy ya Zomato se order na kare to chain se nind ni ati new generation ko
Only reason I order chole bhature on zomato is because of covid. Once this pandemic is over I''ll prefer going to Haldiram''s and eat there. Not applying.