SJVN ltd - IPO

[sanyad74]

hi guys, they debited my account today in the morning.

Did you apply via ABSA?

Mine not debited yet!!

 

[vasa1]

Did you apply via ABSA?

Mine not debited yet!!

Hi San Yad :clapping:

He applied by cheque as given in his earlier post.

I applied via ASBA online @ Axis bank and the money (pro rata and less the 5% discount) will go only after allotment is finalised.

 

[amanj86]

rightly said, i applied via cheque. when can i expect the shares in my account, and the remaining money back in my account.

 

[vasa1]

rightly said, i applied via cheque. when can i expect the shares in my account, and the remaining money back in my account.

About 3+15 = the 18th of this month (depending on how they send the cheque because courier is faster than speed post ).

 

[amanj86]

hi, guys have got the money back in my account. and the shares too..
pleasantly surprised that have got 45% allotment in the Non-Institutional category, even though on closing day the subscription was 3.38x.
and almost 1/3rd in retail.

 

[goodbrother]

hi, guys have got the money back in my account. and the shares too..
pleasantly surprised that have got 45% allotment in the Non-Institutional category, even though on closing day the subscription was 3.38x.
and almost 1/3rd in retail.

this is the catch in IPO when one goes on NIB subscription details . NIB till now applying through cheque only(ASBA not allowed to NIB & QIB ) and as per their convinience used to stop payments after closure of issue resulting in fall of subscription level.

for example giving herebelow application status
united bank : 163451 applicaion recieved out of this only 363 appl were from NIB and 162 from QIB . Rest all were from Retail & employees aroung 1.63 lacs , out ot this 98% on cutoff and 50% through ASBA. so you will find that withdrawal after closure will have negligeble effect in Retail sector oversubsciption , while in NIB such withdrawals after closure may have higher impact on oversubscription.

SJVNL recieved 190258 application and on basis of above example you may assess NIB & QIB around 500 appl only.few years back till IPO boom of early 2008 upto Reliance Power , applictions 10 lac and above were a common feature resulting in huge oversubscription.

hope above will satisfy your querry of getting higher allotment in NIB portion then in Retail portion applications

NOW with new SEBI rules after 1st may IPO all are allowed to use ASBA mode also , which will block funds for a week only and may give better and realistic oversubsription in NIB and QIB , theirby in overall subscription figure on preclosing days of IPO

 

[superman]

I applied through
SBI ASBA
Geojit
at cutoff ..
2 diff application but both of them rejected ... I was thinking all cutoff will be honored and for higher share application,number of shares will be reduced ...

 

[goodbrother]

I applied through
SBI ASBA
Geojit
at cutoff ..
2 diff application but both of them rejected ... I was thinking all cutoff will be honored and for higher share application,number of shares will be reduced ...

did you applly in same name from two different ASBA providers?
in such case now allotments are tracked for multple application by IT PAN # and rejected.
cutoff is a fascility only to retail investors .

If you applied in different names , 250 share appliction had chance of 1 out of 3 as retail was 3 times oversubscribed , and you could not get allotments in lottery

 

[superman]

did you applied in same name from two different ASBA providers?
in such case now allotments are tracked for multple application by IT PAN # and rejected.
cutoff is a fascility only to retail investors .

Geojit Is not ASBA ...
Only one ASBA and one normal application

 

[magnet]

i applied via hdfc asba....i guess applied at lower rate 23....but linktime showing 26...

Anyways didnot got the shares