I am confused too, but some members have received allotment even after selecting cut-off while applying; while my luck has not been that good. It is so confusing
34.2. MuStrFc| Link| Bookmark|
January 17, 2024 10:41:22 AM
IPO Mentor (1400+ Posts, 700+ Likes)
Cut-off only applies for retail application, be it SME IPO or Mainboard. When application is HNI, cut-off should generally not be chosen.
34.3. AryanRaj| Link| Bookmark|
January 17, 2024 10:47:42 AM
Top Contributor (600+ Posts, 100+ Likes)
@ishan Application Supported by Blocked Amount (ASBA) is an application made by an investor, containing an authorization to Self-Certified Syndicate Bank (SCSB) to block funds available in applicant’s Savings Bank Account or Current Account (other than Overdraft or loan accounts), for subscribing to an Issue, to the extent of application money, till finalisation of allotment in the issue or till withdrawal/ failure of issue, or till withdrawal/ rejection of application, as the case may be.
I have been trying to apply for IPOs in my mother's demat from her SBI account from several weeks without success now. I tried to use sbi yono app, bhim upi app, gpay but the IPO mandate requests were rejected at the last stage citing wrong UPI pin despite it being correct.
I found sbi bhim pay which apparently can be used for sbi UPI transactions like ipo. I tried and it gets stuck after I click yes on the mandate request. It says transaction in process and nothing happens later
My mother only has sbi account and I don't feel like visiting their branch as it is always over crowded and staff their probably won't even be able to solve the issue.
Anyone knows how to apply for IPOs through sbi UPI ?
1. Check PAN number is linked with account 2. Reinstall UPI App
28.3. Ascension| Link| Bookmark|
January 17, 2024 10:20:36 AM
Top Contributor (400+ Posts, 200+ Likes)
@IPOAK Try asba but you might have to visit the branch, and man... I don't suggest you do that rather open kotak 811 0 balance a/c. instead that would be easier. in SBI you would go round and round from one table to another wasting hours.
just visit the branch i mean directly branch manager as i had some issue applying in ipo and branch manager solved it within no time. yes i spent few minutes but work was done. but show them like you don't have free time to spend hours in sbi . they will solve your problem instant.
First check the pan number and aadhar number linked with the bank account
Secondly link the demat account number (CDSL/NSDL) with ASBA
Thirdly install Yono lite app instead of Yono app
Once you do this you will be able to apply the ipo through ASBA though your yono lite app
Yono Lite is the app from SBI
Hope this helps
27. M Gupta| Link| Bookmark|
January 16, 2024 10:52:18 PM
IPO Guru (1000+ Posts, 3100+ Likes)
Despite reduction in number of days to get refund, NBFCs have not reduced interest amount.
Therfore its not feasible to go for funding. In this IPO, a crore rupee funding is coating 19000 (for only two days) one out of 25 such app will get an allotment
Funding cost is Rs 500000 profit is rs 150000. Therefore this option in not viable for us now.
which is best for the probability, 4 lot in HNI in one pan or 3 lot in HNI and 1 lot In Retail with 2 pan or Each 1 lot in Retail for 2 pan can anyone reply ?
25.1. Basuvr| Link| Bookmark|
January 17, 2024 6:35:41 AM
IPO Guru (1700+ Posts, 800+ Likes)
3+1 is best if you have only 2 accounts and around 5 lacs of fund
19.2. G profit| Link| Bookmark|
January 16, 2024 6:42:51 PM
IPO Mentor (1000+ Posts, 200+ Likes)
Depends on the number of times over subscribed.. If less than one time oversubscribed, two lots will be allotted (if you have applied for two lots). Otherwise one lot only( lottery depends on number of times of oversubscription)
I just want to request LM GYR Sir...... Anyone hurted please forgive me for my comment.. What kind of example would they want to set up since last few IPOs.. SME's are pure gold ... Dear sir you are just settling a tradition to be it only made for listing gain... not for investment for long or short term... You know lottery selling on railway station or on public places.... Now from few it is just like same... Don't mind