This is the first time I have applied in an SME ipo, through online at SBI. The issue is over subscribed and a lottery to decide allottees.
Can some one please explain: 1. Will the minimum number shares allotted be 2000 or lesser is also possible. 2. Can an SME share be sold or bought online via SBIsmart.com, their online trading platform.
Minimum 2000 share will be allocated. Even you can not sell those share in partially. Either 2000 or none.
For sme share support, check whether existing SME shares like ice make, hindcon, MMP are ailable for buy in SBI. If available then you can place the order through sbi mart.
Thanks for the information. Much appreciated. Looks like it is not easy to buy or sell on the SME segment. It may take more time for SME segment to stabilise and freely buy or sell.
Offer Opening Date: 3rd May, 2018 Offer Closing Date: 7th May, 2018 Finalization of Basis of Allotment with the Designated Stock Exchange: 10th May, 2018 Initiation of Allotment/ Refunds/ Unblocking of Funds: 11th May, 2018 Credit of Equity Shares to Demat accounts of Allotees: 14th May, 2018 Commencement of trading of Equity Shares on the Stock Exchanges: 15th May, 2018
Hi everyone, I had an important question. How will the allotment happen to QIBs? Since there was no shares reserved for them, will they be allotted shares out of RII (Retail) category? In that case, we retailers stand to lose right?
QIB & HNI subscription and overall subscription has surpassed softech. Good to see such high subscription after march meltdown. I think this is the highest subscription after march meltdown, if I am not mistaken.
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May 8, 2018 12:18:29 AM
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Altough It Is oversubscribed. But It will Be Volatile. Somehow All This Subscrption Looks Created To me. But Must Be A Strong LM To Have Such A Big Cartel Of Insiders. Looks This LM Will give A Real Competition To PANTOMATH.
Hi everyone, I had a question. How will the allotment happen to QIBs? Since there was no shares reserved for them, will they be allotted shares out of RII (Retail) category? In that case, we retailers stand to lose right?