Indian Railway Finance Corporation Limited IPO Message Board (Page 58)

QIB has to subscribe min 90% of their quota...if any quota not subscribed fully ..left over shares distributed to other categories as per category weightage...

Not in this issue. If QIB don''t apply then unsubscribed portion will shift to other categories. Given anchor names i am surprised that why do you see that QIBs will not come into this issue.
I can understand if you have just started applying in IPOs during covid times

As per info QIB portion is already subscribed or arranged they got enough parties to put some 1400Cr cheques already given. It appears those are standby arrangements. Only question is how many times NII & RII will go.

Your father must have demat account too.

Not possible with your demat and your father pan .

sirji i am new in market..can you please tell what is GMP?

@prayag
GMP means grey market price
If you want to know more scan through FAQ section of chiitorgarh website. All your queries will be answered

I am just trying to understand one thing, 50 Lacs worth of shares are reserved for employees. Now the total employees in the company are 24 (yes its 24 only as per RHP).

Also it says this reservation is only for ''Eligible'' employees, so assuming such employees are even less than 24. Now on the first day today the employee portion is oversubscribed 12 times that is they have bidded 6 cr. which works out to average 25 lac per employee even if we assume all 24 employees are eligible. Would everyone really bid such a large amount?

Bro Price Bid meaning Not just Lower price.. Some time people Not Apply cut off price , and write 26Rs ....
check Bse nse demand
then clear your doubt

I am aware of that but you dont fight data.
Data from NSE screen
Price      Cumulative Quantity
Cut-Off      29,61,18,675
26       40,55,41,175
25       41,11,73,300
Question is who are people who applied at 411173300 minus 405541175 shares at Rs 25

Yes there are lots of newbie..who don''t know what price to enter...as per exchange data even few employees applications are also bidded at lower price...

It could be possible some smart group of operators wants to show huge investor demand on day one to attract subscriptions in view of all 3 IPOs are opening at a time, and also since IRFC commands meagre grey market premium

Someone who''d like to save Re1 but loses Rs.1000 in the process

@arunArun and Krishna ji,
Bidding is either on price point Or cutoff. When we choose cutoff, it is the only choice. But when we choose price point, you can give up to three choices in a single form. The money blocked by bank is the highest of the price point. So those who whose price bid, both Rs 25 and 26 bid are entered in that form, but the money blocked is at Rs 26

Unfair comment. Please give your thinking on plus or minus rather than finding mistake of others

I am just copying the beautiful remarks of two gentlemen made earlier in the same context wrt making of unwanted comments. All the forum members may please take them in to consideration.
Calling out names is uncalled for. Such messages need to be moderated. No one tells anyone under gun point to apply or not to apply. Every one has the rights to go wrong. Even the best of fund managers can at best be right 70-75% of times.
Beauty lies in listening to all both pros and cons and finally acting on our wisdom and hoping to be right. If one depends and acts on others advice for direct equity investing, he/she is not fit for direct equity. Rather, they should opt for mutual funds.

Yes you can apply...

Apply by yono lite apps

Employees and retailers are on fire...this will be definitely a good bet over FD investment...

I somehow feel it will move like RVNL post listing

Okay you can skip this...

If there are only 24 employees and one employee can get maximum 2 lacs amount of shares if employee quota subscription is overloaded...then how much you should think they should reserve for employees for 4k+ CR ipo???

Half of IPO shares for retailers ? bhai tu calculation kar le pahale shanti se baithke, phir comment kar.

Each one of these 24 employees has put in application worth 30 lacs ( 13.6 times oversubscrived ) , Write only authentic information in response , not crap

Tune kar liya calculate ???

Yes we agree with you. All the application are not from IRFC employees. But people who have put wrong application suffer blockage of the amount in their account. i feel some railway persons have put application by mistake in this category

How are they misleading you is more important. Total amount subscribed in this category is 6.5 crore but retail has put more than 2000 crores in this issue with nearly 8 lakh application.

Where is the trap?