Dear Friends
I am a very new entrant - please forgive me if some questions are too basic. I have a few questions and I have also given my understanding.
I would be grateful if you could give your thoughts
Question 1) How long does it take for the shares to get transferred from the day the IPO was closed?
My guess :Approximately 21 working days -
Question 2 )How long does it take for the balance amount to be refunded to my bank account?
My guess - No idea please let me know
Question 3) How does allocation happen in the event of oversubscription of an IPO ?
My guess: No of shares applied / No of retail Oversubscriptions. (Is this the standard way? )
Follow up question
If the minimum lot is 15 and I have applied for 100 shares and the oversubscrption is 10 then
what happens? Because I should be allocated only 10 shares which is less than the minimum lot.
Question 4)
Assuming one wants to sell immediately, What are the charges one should take into account ?
My guess : Short term tax gain . Brokerage is it going to be one way or two way.
I.e. will there be a brokerage for allotment into my demat account
as well as selling ?
Have I missed any other charges?
Question 5)
There are some IPOs which are asking to bid and the price range is specified rather than a fixed price. For e.g, Empee has a price range of 350-400 - What does this mean?
- Can a kind hearted soul reply please
I am a very new entrant - please forgive me if some questions are too basic. I have a few questions and I have also given my understanding.
I would be grateful if you could give your thoughts
Question 1) How long does it take for the shares to get transferred from the day the IPO was closed?
My guess :Approximately 21 working days -
Question 2 )How long does it take for the balance amount to be refunded to my bank account?
My guess - No idea please let me know
Question 3) How does allocation happen in the event of oversubscription of an IPO ?
My guess: No of shares applied / No of retail Oversubscriptions. (Is this the standard way? )
Follow up question
If the minimum lot is 15 and I have applied for 100 shares and the oversubscrption is 10 then
what happens? Because I should be allocated only 10 shares which is less than the minimum lot.
Question 4)
Assuming one wants to sell immediately, What are the charges one should take into account ?
My guess : Short term tax gain . Brokerage is it going to be one way or two way.
I.e. will there be a brokerage for allotment into my demat account
as well as selling ?
Have I missed any other charges?
Question 5)
There are some IPOs which are asking to bid and the price range is specified rather than a fixed price. For e.g, Empee has a price range of 350-400 - What does this mean?
- Can a kind hearted soul reply please
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