IPO - Basics

#1
Value of Lot size in any IPO should be within range of Rs 5000 to 7000 ONLY

please post more informations related to IPO Basics on this thread
 
#2
ALLOTMENT : is to be made within 15 days (SEBI trying to reduce it to 5 days)

LISTING : within 21 days of closing of Issue
 
#3
Would further like to add all applications below Rs. 1 Lakh are considered to be Retail and above 1 Lakh as HNI Category.

Retail applicants should not be adventurous, should apply at cut off price, they will be offered shares at what ever the price has been finalised, even though they have applied at cut off
 
#4
When depositing Physical application forms, Please ensure the following

1. xerox copy of your Pan Card duly attested by you should be attached with the application form

2. On the reverse of the Cheque, please write the applicants name and application no. to safeguard against possible frauds
 
#6
You cannot put in multiple Applications i.e. a person can put in only one application in his/her name, 2 or more applications in the same name are considered multiple and liable to be rejected

Although HUF and Invidiual aaplicants are treated as seperate identities and are not considered as multiple, Provided The words HUF should be clearly mentioned after your name , and you need to have a seperate Pan Card no. pertaining to the same
 
#7
REFUNDS RULES:

once allotment is finalised , Issuer submits shares and they are paid the money by Escrow Banks or ASBA bank, simuntaneously these shares are credited in applicants demat a/c and refund auto generated is made as below

1. by ECS if you are in cities covered for ECS centers , list of same is printed on first page of application form too.this process complets in two /three days after allotment and depending on city

2.ASBA applicants also get money unblocked in same time

3. If you are not covered in ECS centre then by cheque which may take 3 to 7 days due to postal delays.

Generaly all refunds are recieved by applicants by the Listing date