As per SEBI rules, if IPO is oversubscribed no one will get more than one lot. Last time I got more than one lot was Yes Bank applied 11 got 11 single application.
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Bajaj Housing Finance IPO
- Thread starter sauravkumar
- Start date
You are mixing up RII and shareholders.
There are different categories. You are talking about RII.
superstar@123
TF Premier
Got allotment in 1 out of 3 accounts, which I expected !
Yes yes I am only concerned for Retail category as shareholder category is different, i am generally not eligible for that.
In retail irrespective of how many demat account I have, I can apply multiple application but chances are based on PAN, not applications. Is that correct?
in an oversized ipo.. you will never get more than 1 lot..
Avatar Aang
TF Premier
Yes bro I know that. I had applied under shareholder category wherein the allotment is on proportionate basis.
got it so strategy is to buy 1 share so that you are eligible for share holder category.
They we can apply both in retail & share holder.
Ak Singh
TF Legend
Have ever read RHP of any company or you just apply on the basis of grey market premium only? If it is so, so don't worry just wait for bear market and you will forget to apply in IPO's again.
I am not eligible for share holder category, why should I look at that column then.
I only look at grey market & apply. I always sell on first day & never hold. I apply in IPO only for listing gains only.
Also bear market is always followed by bull market. So no worries in bear market will wait.
Never used ASBA for ipo till today.
For my next oversub ipo I will definitely keep in mind to use ASBA instead of upi
Ak Singh
TF Legend
So why did you say, I don't think it works that's way, in my previous post. I was talking about shareholders quota. One person got allotment shared ss which showing allotment in shareholder category.
That's good for you. Do whatever you thinks is right.
Always use ASBA if UPI doesn't work.
I apply from Zerodha using UPI of IndusInd. Earlier used UPI of Kotak. Till date worked for all IPOs including Bajaj.
Yes, in RII one PAN = max 1 lot when category is oversubscribed.
SnowLucifer
TF Select
Yes lucky toh hu ki payment request aya🥳🥳🥳 Competition kam ho gya kyu ki bohot logo ka nhi aya😁😁
still u will get only 1 lot.. as it was oversubscribed
Applied in retail and SH categories. Got 1 alloted thought SH quote. Used GROWW and UPI. I guess in such IPOs you need to be quick and accept the mandate immediately. I saw that even ASBA had problems. I guess we are not equipped best in terms of infrastructure to handle such high volume.
Probability to get BajajHFL in RII category is much higher than most other IPOs as it is oversubscribed by only 2.96 times due to the sheer size of the offering. In most other IPOs you can see more than double the oversubscription than BajajHFL, thereby reducing the probability to get an allotment. I am assuming intelligent retail investors apply for single lot only when they see category is oversubscribed.