Suppose issue oversubscribed 20 times, does it improve allotment chance if I apply 5 lots, or allotment chance is same for 1 lot and 5 lots? Please advise.
255.1. P Patel| Link| Bookmark|
January 18, 2021 11:15:41 AM
IPO Mentor (900+ Posts, 900+ Likes)
Applying from 1 account will have same allotment chance for 1 or 5 lots. To increase chance, apply single lot from 5 different demat accounts having 5 different PAN
As market is in trend change mode & expected for a correction till 13000-12600-12200 due to global cues & high PE ratio. Nifty & BNifty PE ratio is around 40 in current situation & expected to be corrected around 25 as per indices history. In this negative time, is it suggested to block your money in applying all 3 IPOs with multiple applications? Bear market may crush all GMPs & listing prices. Is it suggested to apply in this difficult times?
Revert awaited Regards Praveen
241.1. Johny| Link| Bookmark|
January 18, 2021 6:57:23 AM
IPO Mentor (700+ Posts, 1000+ Likes)
Fear and greed are part and parcel of the market. There is always going to be some reason or other to be fearful. No on can exactly predict about listing. Don''t leverage. Reduce application size but do apply in all 3.
In this market nobody can predict how much correction is going to happen. All depends on FII flow. If flow continue then market will be volatile but not go below 14000 or 13800. All three companies are good companies, so no need to panic as such.
240. arunARUN| Link| Bookmark|
January 18, 2021 7:16:02 AM
IPO Guru (1900+ Posts, 1600+ Likes)
New addendum in IRFC issue opens advt today The MoR subsequently by its letter dated January 12, 2021, has advised that the additional borrowing target for railway projects under EBR (Special) for Fiscal 2021 is Rs 510.00 billion. Hence, the total revised target of amount to be mobilized by our Company is Rs 1,135.67 billion for Fiscal 2021 1 billion is 100 crores. The advt is published in many papers. Shows hike in business
If she is minor, she can not sale allotted share. You can transfer share in your demate account offline and thenafter you can sale.
238.4. Johny| Link| Bookmark|
January 18, 2021 6:43:39 AM
IPO Mentor (700+ Posts, 1000+ Likes)
There brokers like Prostocks where you can open Minor Trading and Demat account. Guardian gets login/pwd and guardian can directly sell from Minor Account.