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Affle (India) Limited IPO Message Board (Page 18)

Rajni
30. Rajni  Jul 25, 2019 12:42 I Like It. | Report Abuse Reply
The main objective of asba and UPI to block amount simultaneously. Not like when we submit physical app and it takes a 3-4 days. So asba and UPI both will be there for use.
Team Chittorgarh.com
30.1. Team Chittorgarh.com  Jul 25, 2019 12:50 I Like It. | Report Abuse
Hi Rajni,
As per SEBI circular, at this point UPI is the only way to for retail investors except 3-in-1 account holders.

Though they both are to block the money, the underlying mechanism in UPI is simple and fast. That is the reason SEBI is pushing for it.

Thank you,

Chittorgarh.com Admins

NewUPI Payment Option for IPO Application Explained

Sammy ipo
29. Sammy ipo  Jul 25, 2019 12:31 I Like It. 1 | Report Abuse Reply
Current GMP???
MURTHY RAJAHMUNDRY
28. MURTHY RAJAHMUNDRY  Jul 25, 2019 12:15 I Like It. | Report Abuse Reply
Sir, If I have UPI ID can I submit IPO application thru net banking or thru any online mode ?
Medge
28.1. Medge  Jul 25, 2019 12:26 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
UPI will be optional if you are applying online using netbanking, but UPI payment method bank have yet to implemented for online ASBA so as of now for online application through bank you can't use UPI. please wait for this for few more months.

Offline bank ASBA form you can submit in BANK with UPI ID but again this is optional.

If you are bidding through broker then only UPI is mandatory when UPI rule will applied.
Nareshraj
27. Nareshraj  Jul 25, 2019 12:19 I Like It. | Report Abuse Reply
Only physical form without UPI Id and theird party ipo option is strict.

ASBA and netbanking is there.At present heard that UPI postponed for 1 months.
Nareshraj
26. Nareshraj  Jul 25, 2019 11:50 I Like It. | Report Abuse Reply
Note:

Retail Individual Investors will continue to have an option of Bank ASBA if bidding through Self Certified Syndicate Banks (SCSBs) with Bank ASBA facility and Trading Members providing the option to submit online bid-cum-application form using the facility of linked online trading, demat and bank account (3-in-1 type accounts).

Mail from bse, they told that ASBA, 2in 1 and UPI allowed..
Medge
26.1. Medge  Jul 25, 2019 12:03 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Correct,
SEBI circular and BSE email clearly saying what is going to replace by UPI and what is going to continue.

There is no need to panic anyone if he/she is applying through his own Bank.

Only person need to worry about UPI who is applying through his Broker.
Nisha Singh
25. Nisha Singh  Jul 25, 2019 11:41 I Like It. | Report Abuse Reply
UPI is the only way mandated by SEBI for the retail investors. Henceforth, ASBA shall not be applicable for retail investors in any IPO's
Medge
25.1. Medge  Jul 25, 2019 12:00 I Like It. 4 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
You are 100% wrong
RAJAKUMAR
24. RAJAKUMAR  Jul 25, 2019 00:09 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Priced reasonably.
2019 Eps is 20 (consolidated)
So PE 37 for Foreign Company is reasonablle
ammubutter
23. ammubutter  Jul 25, 2019 06:13 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Sir....what is upi mode of applying ipo?I usually apply through SBI asba .....
Team Chittorgarh.com
23.1. Team Chittorgarh.com  Jul 25, 2019 09:49 I Like It. | Report Abuse
Dear Ammubutter,

Note that the ASBA process is gradually being replaced by UPI mode of payment. This is a similar migrations as we moved from paper forms to ASBA (online applying from SBI, ICICI etc.) few years ago. The purpose of this is to speed up the listing of IPO.

Read about UPI mode of payment.

Thank you,

Chittorgarh.com Admins

NewUPI Payment Option for IPO Application Explained

Anilchomu
22. Anilchomu  Jul 25, 2019 08:00 I Like It. 1 | Report Abuse Reply
Miner account ki upi I'd kaise banegi ?
Team Chittorgarh.com
22.1. Team Chittorgarh.com  Jul 25, 2019 09:39 I Like It. | Report Abuse
As per the bank guidelines:

Only minor above the age of 15 with a bank account as a single (not joint) are eligible for UPI.

Minor below the age of 15 years or a minor who is a joint account holder is not eligible for UPI.

Please check with your bank for more detail.

Thank you,

Chittorgarh.com Admins

NewUPI Payment Option for IPO Application Explained

Priyansh Agrawal
21. Priyansh Agrawal  Jul 24, 2019 18:30 I Like It. | Report Abuse Reply
Dear Rajkumar asba is continuing?
Millinerajay
21.1. Millinerajay  Jul 24, 2019 19:43 I Like It. | Report Abuse
Online net banking always always for ipo ?
RAJAKUMAR
21.2. RAJAKUMAR  Jul 25, 2019 00:13 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Yes.. Physical form can be given to bank directly for those WHO having savings account in SCSB.
RAJAKUMAR
20. RAJAKUMAR  Jul 24, 2019 01:18 I Like It. 5 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Mohit Goel
Hni will above 400 times
Retaill above 40 times.
patience & passion
20.4. patience & passion  Jul 24, 2019 20:07 I Like It. | Report Abuse
not more then 20 times in retail
RAJAKUMAR
20.5. RAJAKUMAR  Jul 25, 2019 00:02 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Sarupam
Yes you are correct due to UPI Retail may be 20 times
ammubutter
19. ammubutter  Jul 24, 2019 22:43 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
What is this upi mode of applying ipo?is it an app?Any body here to explain me simple.....I always apply ipo through SBI asba services.....
Thank you
jajo
18. jajo  Jul 23, 2019 19:09 I Like It. | Report Abuse Reply
I think if priced reasonably Affle IPO can revive the primary market sentiments positively. A moral booster for retail investors
Indy
18.1. Indy  Jul 24, 2019 19:22 I Like It. | Report Abuse
740-745 is reasonable pricing?
jajo
18.2. jajo  Jul 24, 2019 20:48 I Like It. | Report Abuse
At present you can't guess the fair price as the secondary market is in downtrend due to FII selling and slowdown in earnings of companies. The company management and lead mangers should be considering these aspects.
ARVIND BANSAL
17. ARVIND BANSAL  Jul 24, 2019 19:21 I Like It. | Report Abuse Reply
Dear chittorgarh .com, asba facility ko 3 month ke liye renew kiya gaya h kya
please reply answer
Rahul kumar Rajhans
17.1. Rahul kumar Rajhans  Jul 24, 2019 20:22 I Like It. 1 | Report Abuse



Hello Sir / Madam,



It is observed that you are a regular investor in IPO and one of the key enabler for the growth of Indian Capital Markets.



We thank you for your support.



Do you know that the Initial Public Offer (IPO) process to apply for equity shares has now been changed?



You may be aware that as a part of the continuous effort in streamlining the public issue fund raising process, SEBI, in consultation with the stake holders has introduced the use of Unified Payments Interface (UPI) as a payment mechanism with Application Supported by Block Amount (ASBA) for applications in public issues by Retail Individual Investors (application amount upto Rs.2 Lacs) through designated intermediaries (Syndicate members, Registered Stock Brokers, Registrar and Transfer agent and Depository Participants). The proposed process is being introduced to increase efficiency, eliminate the need for manual intervention at various stages, and reduce the time duration from issue closure to listing by up to 3 working days from current 6 days.



SEBI through its circular no. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018 has introduced an alternate payment mechanism using Unified Payments Interface ("UPI") and consequent reduction in timelines in a phased manner. Based on the SEBI circular, BSE issued Notice no. 20181226-13 dated December 26, 2018 and 20190701-6 dated July 1, 2019 - pertaining to UPI as a payment mechanism for Retail Individual Investors in IPO Bidding.



Therefore, the UPI mechanism for Retail Individual Investors (application amount upto Rs.2 Lacs) applying through Designated Intermediaries has been made compulsory from July 01, 2019 onwards for equity IPOs.



In view of the same, kindly use UPI Id in application forms while applying for equity IPOs through designated intermediaries (Syndicate Members, Registered Stock Brokers, Registrar and Transfer Agents and Depository Participants).



The above mentioned SEBI & BSE circulars / notices and Frequently Asked Questions (FAQs) can be accessed at following URLs



1) SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018



https://www.sebi.gov.in/legal/circulars/nov-2018/streamlining-the-process-of-public-issue-of-equity-shares-and-convertibles_40923.html



2) Frequently Asked Questions (FAQs) related to UPI mechanism released by SEBI



https://www.sebi.gov.in/sebi_data/commondocs/mar-2019/useofunifiedpaymentinterfacefaq_p.pdf



3) BSE Notice no. 20181226-13 dated December 26, 2018



https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20181226-13



4) BSE Notice no. 20190701-6 dated July 1, 2019



https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190701-6



5) Video of the UPI based ASBA process.



https://youtu.be/UJ394m2Q3rg



For further queries related to UPI mechanism you are requested to contact your Trading Members (Share Brokers).



Note:

Retail Individual Investors will continue to have an option of Bank ASBA if bidding through Self Certified Syndicate Banks (SCSBs) with Bank ASBA facility and Trading Members providing the option to submit online bid-cum-application form using the facility of linked online trading, demat and bank account (3-in-1 type accounts).



Looking forward to your continued support in using UPI IDs while applying for IPOs at BSE IBBS platform.



Happy Investing.



Listing Sales Team

BSE Ltd.


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Millinerajay
16. Millinerajay  Jul 24, 2019 19:38 I Like It. | Report Abuse Reply
Can apply for ipo from net banking ?
ipo madness
15. ipo madness  Jul 24, 2019 19:38 I Like It. | Report Abuse Reply
I think online net banking facility is continuing like before.
Sbr
14. Sbr  Jul 24, 2019 19:18 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Friends,
* AFFEL INDIA IPO * Next up Open from 1-2-3. As well as two other IPOs coming up in the first week. From now on, there are three ways to apply in IPO.
૧. UPI based by broker.
૨. Internet banking based.
૩. Fill out the form and submit it to the bank. (By BANK ASBA)

* The above is the simplest UPI based application in all three methods *. Only once the UPI ID has been created through the BHIM App, the client can apply at home by simply calling the broker and giving his or her family member's code at home. No need to fill out a form or sign. The badge will be applied within minutes. There is a possibility of fraud when there is no focus in net banking. As well as filling in the application form by hand, standing in line with your bank and applying, will be a waste of time.

* Create a UPI ID immediately. *
Priyansh Agrawal
13. Priyansh Agrawal  Jul 24, 2019 18:31 I Like It. | Report Abuse Reply
Dear Rajkumar asba is continuing?
sree vas
12. sree vas  Jul 23, 2019 18:06 I Like It. | Report Abuse Reply
around 275 - 290 may be
AV Rajkot
12.1. AV Rajkot  Jul 24, 2019 10:24 I Like It. | Report Abuse
clean bold
Hiteshji
11. Hiteshji  Jul 24, 2019 09:15 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Apply with full force, aankh bandh kar ke.....



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