I am new to this forum
I need your advice on applying for IPO for PowerGrid Corporaion issue
(1)
I intend to apply for 5625 shares (multiple of 125, at Rs 52 a share) (5625 x 52 = Rs 292500)
Since its >1 Lacs, it will fall under HNI cagetory and not Retail, and chances of more allotment in HNI is lesser than Retail
Now I have got 3 demat accounts in ICICIdirect, Sharekhan, and Indiabulls (2 solo and 1 joint a/c with my wife (me the 1st holder) )
I intend to enter Rs 97000 in EACH of the 3 application forms (thats 1875 shares each), of course i will mention the SAME PAN NO. in ALL the 3 application forms
But one of my friend said that IPO allotment rules have been changed recently, and since PAN of all the 3 applications is common, my 2 applications will stand rejected (will just get the refund of the cheques), and only will get allotment based upon the 1 application of 1875 shares
I wish to know if this is correct or not
If it is correct, then is it not better to make 1 application of 5625 shares in HNI category
I will appreciate your advise
thanks in advance
indian
I need your advice on applying for IPO for PowerGrid Corporaion issue
(1)
I intend to apply for 5625 shares (multiple of 125, at Rs 52 a share) (5625 x 52 = Rs 292500)
Since its >1 Lacs, it will fall under HNI cagetory and not Retail, and chances of more allotment in HNI is lesser than Retail
Now I have got 3 demat accounts in ICICIdirect, Sharekhan, and Indiabulls (2 solo and 1 joint a/c with my wife (me the 1st holder) )
I intend to enter Rs 97000 in EACH of the 3 application forms (thats 1875 shares each), of course i will mention the SAME PAN NO. in ALL the 3 application forms
But one of my friend said that IPO allotment rules have been changed recently, and since PAN of all the 3 applications is common, my 2 applications will stand rejected (will just get the refund of the cheques), and only will get allotment based upon the 1 application of 1875 shares
I wish to know if this is correct or not
If it is correct, then is it not better to make 1 application of 5625 shares in HNI category
I will appreciate your advise
thanks in advance
indian