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September 27, 2023 - October 4, 2023

Vivaa Tradecom IPO Calculators

Vivaa Tradecom IPO Shares to Apply By Amount Calculator

Enter the amount you would like to invest in Vivaa Tradecom IPO and find how many shares you should apply. In an IPO, shares are applied in lots. This calculator helps you to find an exact number of shares to apply for the given amount.

Amount to Invest (Rs)
Lot Size (Shares)
Shares Issue Price (Rs)
Lots to Apply
Shares to Apply
Total Amount (Rs)
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Vivaa Tradecom IPO Funding Interest Rates Calculator

Vivaa Tradecom IPO funding cost is derived based on the NII (HNI) over subscription and interest rate considering the 7-day loan period. The table provides an estimated interest cost per share for rate of interest (ROI) ranging from 7 to 10% over a range of 10 different over subscription intervals.

IPO Price₹51
NII IPO Quota₹4 Cr
NII Over subscription
(Estimated in times)
NII IPO Collection
(Incremental in ₹ Cr)
Number of Days
Interest Rate (%)

Vivaa Tradecom IPO HNI Cost for 7 days

NII IPO Collection (₹ Cr)0000000000
NII Over subscription (times)0000000000
Interest Rate ↓↓ HNI Funding Cost (Rs per share) ↓
0%0000000000
7%0000000000
7.5%0000000000
8%0000000000
8.5%0000000000
9%0000000000
9.5%0000000000
10%0000000000
IPO Funding Cost = IPO Price * NII Over Subscription * (Interest Rate/100) * (7/365 days)

where,

  • IPO Price is the upper price band in case of a book-built issue. 
  • NII Over subscription is the number of times over subscription in NII category. The table reflects data considering 1 time over subscription as a starting point with the flexibility to change as desired.
  • ROI is the interest rate at which the loan gets granted.
  • 7-days is the loan funding period.

Note: The over subscription intervals are derived based on the set incremental HNI IPO collection value. This value is currently set to 100 which can be changed as desired based on the IPO issue size and price.

FAQs

You can apply for Vivaa Tradecom IPO online through the Netbanking ASBA facility provided by your bank or through offline mode by filling and submitting the physical IPO application form.

Steps to apply online in Vivaa Tradecom IPO as HNI

  1. Log into your Netbanking.
  2. Go to Investment/IPO section.
  3. Select the desired IPO.
  4. Enter the Investor category/Status as HNI.
  5. Fill in the bid details viz. Quantity/lots and price.
  6. Enter the personal information viz., Applicant name, PAN No., Email id, Bank account no., depository details.
  7. Apply.

Steps to apply offline in Vivaa Tradecom IPO as HNI

  1. Procure the IPO application form from the nearest broker office, syndicate member office, or download the application form from NSE/BSE website.
  2. Fill in the below details in IPO Form:
    • Applicant Name
    • PAN Number
    • Bid Details - Quantity, Price
    • ASBA Bank Account Number
    • Tick the investor category as HNI.
  3. Submit the form to the nearest syndicate member/broker office.

Points to Note

  • An HNI cannot place a bid at the cut-off price.
  • An HNI cannot apply through UPI considering the UPI IPO Transaction limit of ₹2 lakhs.

You can invest in Vivaa Tradecom IPO as HNI through ASBA Netbanking or offline mode.

You need to enter all the required details viz. the bid quantity, amount, depository details, bank account no., applicant name, PAN No. to apply for IPO online or offline. You need to ensure to select the investor category as HNI.

It is important to note that as an HNI, you cannot bid in IPO at the cut-off price.

You cannot apply in Vivaa Tradecom IPO through the Zerodha IPO application(Console) in the HNI category as Zerodha offers a UPI-based IPO application that has a limit of a maximum of ₹2 lakh per transaction. 

You can apply using the ASBA facility offered by the banks to invest in the HNI category.

ICICI Direct offers a UPI-based IPO application with an upper limit of ₹2 lakh per transaction. Thus, an HNI cannot apply for Vivaa Tradecom IPO through ICICI Direct.

To apply as an HNI in Vivaa Tradecom IPO, you can apply online through Netbanking using the ASBA facility offered by banks or submit a physical IPO ASBA application form.

The three main factors that decide the feasibility to invest in Vivaa Tradecom IPO using the IPO funding route.

  1. IPO Subscription Rate - This is one of the most critical factors that help decide whether an HNI should opt for a loan or not. The higher the subscription, the lower is the allotment. In the case of lesser allotment in IPO, selling that small chunk may not cover the entire funding cost and thus reduce the chances of earning profits.
  2. IPO Listing Price - If the IPO listing is expected at a good premium, taking an IPO loan should not be a burden as selling the shares on listing would earn handsome profit to cover the funding interest cost and the IPO price.
  3. IPO Funding Rate - Generally, IPO funding is available at around 7%-10%. The above IPO funding cost table shows an estimated cost that can help you arrive at the break-even point to assess the probability of earning profit based on the expected listing price and over subscription.