I have been lucky until now to get Advanced Enzyme(holding), Thyrocare(holding), Mahanagar Gas (Holding), RBL(Sold @310). I want to get atleast 1 Lot of ICICI Prudential Life Insurance Company Ltd IPO. I have only one Demat account. If i open 1 more demat account under my name and bid equal number of Lots from both the accounts, will it increase my chances of getting the IPO? A friend of mine said that since PAN Number would be same in both the demat account so even if you apply from 2 different demat accounts yours will be considered as a single Application and not as 2. Plus there is some unique ID with NSDL (DP ID or some other ID i am not sure) which will determine a unique application in combination with PAN Number. Please give your views. P.S I can''t open demat account of my parents, relatives or friends for this purpose.
I am new to stock market. I have been investing in share market for the last 6 months. For me bidding for IPO has been the safest way to invest in the market. Thanks a lot Dilip Wadhwa, Eagle eye, Chem cho, IPO tracker, Gamble etc (Sorry i forgot some important contributers) for your valuable advice and inputs.
Rather then worrying for 1 lot application or multiple lots, all relation investors should buy small qnty of ICICI Bank as there is reservation of 10% of the issue size of the IPO to the retail investors of ICICI bank - so the chances of allotment will be very good!
@Ashish Khater: Thanks a lot for guiding me. Now i won''t apply from two different demat accounts :) Today someone else told me that even if you apply from two different accounts your two applications will be considered as one. And they won''t reject both. Can you please tell me from where do i read and authenticate this information. @LoneRanger: I have a demat & trading account with HDFC Securities. @Mukesh Jain: Thanks a lot for bringing the information in light. By small quantity what do we mean? To get atleast 1 lot how many ICICI shares we should have? If i am not bothering you much can you please post the link for this 10% reservation.
refer the cover page of ICICI pru DRHP Public offer of up to 181,341,058 Equity Shares for cash at a price of ` [â—] per Equity Share, aggregating up to ` [â—] million through an offer for sale by the Selling Shareholder, including a reservation of up to 18,134,105 Equity Shares for subscription by ICICI Bank Shareholders for cash at a price ` [â—] per Equity Share aggregating up to ` [â—] million. The Offer would constitute [â—]% of our post-Offer paid-up Equity Share capital and the Net Offer shall constitute [â—]% of our post-Offer paid-up Equity Share capital.
also see page 8 - extract below: ICICI Bank Shareholders Reservation Portion Reservation of up to 18,134,105 Equity Shares of the face value of `10 each aggregating to ` [ï‚—] million in favour of the ICICI Bank Shareholders
so in effect this is 10% of the issue size reserved for shareholder category and on top of this 35% issue size for retail! so there will be plenty of allotments.
refer my comments at 22.3 above ! buy ICICI Bank and get the opportunity for shareholder category reservation, allotment changes will improve substantially!
18. Ipo tracker| Link| Bookmark|
September 1, 2016 2:50:58 PM
Top Contributor (500+ Posts, 200+ Likes)
Forum Modulator making fun of himself. ICICI pru IPO is awaiting necessary approval. Tentative information is wrong. Please add page whenever it''s confirmed. Don''t confuse people.
First biggest IPO in last 3 years in icici Pru. Wait and watch..
7. Chem cho| Link| Bookmark|
August 31, 2016 10:07:53 PM
IPO Guru (2500+ Posts, 2700+ Likes)
5000 CR IPO I AM NOT BULLISH IN BIG SIZED IPO , WHAT EVER MAY BE RATE IT IS GOING TO GO DOWN UNLESS THERE IS 30 % LEFT ON THE TABLE , THAN THE BASIC CALCULATIONS BIG SIZED IPO ARE FLOP , NO LISTING GAINS ,
Icici pru ipo will be benificiery for its parent co. icici bank so everyone must put their eyes on icici bank price movement 235 to 260 in last 10days it can touch more higher before ipo date