[Help] Questions about IPO

Hello. I want to ask some questions related to IPO. (Still Unanswered)

  1. How can one know if the IPO is oversubscribed so that he/she can bid according to that?

Like: SBI Cards IPO is coming soon, but I want to bid according to the amount of subscription it is going to have. How can I check that subscription status and bid according to it?

  1. In the UPI IPO Website, it says @okhdfcbank for the Google Pay UPI App. Does it mean that, only HDFC Bank with Google Pay can be used for the UPI IPO Payment?

Source: https://i.imgur.com/z2jphRm.png

  1. How can I apply for the Shareholder Category in SBI Cards IPO and Retail Investor Category (both at the same time)?

  2. Which is the safest way such as safest payment method, safest broker to use for the IPO? (So that anyhow my allotment is not failed and payment doesn’t fail).

Thanks.

Not sure about subscription levels, but online you can see grey market premiums for IPO every day.

Indirectly it will give an idea. Also the listing price is very nicely correlated to the grey market premiums.

You can check the history for previous IPOs.

Thank you for the reply. If you could help me understand how GPM is used to judge the subscription prices?

(Asking Seriously)

Looking to understand this whole scenario.

Still looking for answers for all the questions.

  • Grey market premium as on today is 220-230, Kostak ₹3000 & Subject to Sauda is ₹4000

Since IPO price is 615, and GMP = 230 , so expect Listing at 845.

Source:

You can verify old IPOs:

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Thanks @Newbie420, I have been reading Chittorgarh for this IPO.

According to them, IPO Price is not revealed yet. I watched a video too yesterday and in that they have mentioned that SBI has not released the IPO Share/Issue Price yet.

Secondly, So according to you / website (which you have linked), listing price expect is 845.

But, if you could tell me how can we judge or calculate the subscription level from it?

Thanks.

(I don’t own or represent chittorgarh website)

Subscription level not sure, I just go by GMP. Subscription levels I have only seen on news articles, but dont remember its after or before IPO is closed.

How is that website (which you have shared) is able to get the IPO Issue Price? Because, I think it is not revealed by SBI Card yet.

Haha not sure lol maybe even that is an estimate

Lets see how much it is accurate

Anyways i dont look at GMPs until the IPO is just 4-5 days away, its a long time for SBI cards right now

Yes, Let’s see. If you know someone here on this forum who could help me with the original questions?

Please tag him/her.

I want to ask some questions related to IPO.

  1. How can one know if the IPO is oversubscribed so that he/she can bid according to that?

Like: SBI Cards IPO is coming soon, but I want to bid according to the amount of subscription it is going to have. How can I check that subscription status and bid according to it?

  1. In the UPI IPO Website, it says @okhdfcbank for the Google Pay UPI App. Does it mean that, only HDFC Bank with Google Pay can be used for the UPI IPO Payment?

Source: https://i.imgur.com/z2jphRm.png

  1. How can I apply for the Shareholder Category in SBI Cards IPO and Retail Investor Category (both at the same time)?

  2. Which is the safest way such as safest payment method, safest broker to use for the IPO? (So that anyhow my allotment is not failed and payment doesn’t fail).

Thanks.

@siva @VenuMadhav

1 Like