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  #1  
Old 14th March 2018, 10:31 AM
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Default Bandhan Bank IPO



Bandhan Bank IPO

Opens: 15-Mar-2018
Closes: 19-Mar-2018

Price Range: Rs 370 to Rs 375
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  #2  
Old 19th March 2018, 10:40 AM
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The IPO closes today.

There is around 5% premium in the grey market and I expect it to hold.

Valuations are not cheap.

It's a new bank and thus the base is low. I think the bank will show above-industry growth for the next 2-3 years and hence I don't think the high valuation is really a negative for this IPO.

I am applying for listing gains.

I haven't done any detailed analysis; just skimmed the RHP. Thus, I don't have any long-term view on this one.
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  #3  
Old 19th March 2018, 10:44 AM
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Risk averse investors can wait and see if the overall subscription crosses 2-3 times.
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  #4  
Old 19th March 2018, 11:18 AM
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Demand hasn't picked up much.

I have applied for 1 lot already as I have to go out for some urgent work.
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  #5  
Old 19th March 2018, 03:19 PM
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QIB & NII Demand seems to have picked. Subscription crossed 5 times. I got tempted and applied a lot
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  #6  
Old 20th March 2018, 10:51 AM
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I applied for this from 4 accounts. Pretty heavily oversubscribed except Retail.
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  #7  
Old 20th March 2018, 11:40 AM
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I applied for this from two accounts.
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  #8  
Old 23rd March 2018, 02:29 PM
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Got allotment.

1 out of 1.
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  #9  
Old 26th March 2018, 08:46 AM
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Got allotment.

2 out of 2.

What is your plan? Hold it for long term or sell it on listing?

What's your target price to exit?
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Old 27th March 2018, 11:13 AM
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Got alloted 2 out 2 and exited 75% of the holdings.
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  #11  
Old 27th March 2018, 12:30 PM
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Got allotted 3 of 3. Holding all the 3.
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  #12  
Old 27th March 2018, 03:32 PM
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Sold mine at Rs:470/-
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  #13  
Old 29th March 2018, 11:57 PM
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Sold my shares @ 479.65.
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  #14  
Old 3rd April 2018, 06:30 AM
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I had applied for this IPO through ICICI direct but there was an error reported from their site that "Resource not available".

I took the screen shot of that error.

Is there any way I can ask for a compensation from them for their system's problem?
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  #15  
Old 4th April 2018, 05:44 AM
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Quote:
Originally Posted by paran View Post
I had applied for this IPO through ICICI direct but there was an error reported from their site that "Resource not available".

I took the screen shot of that error.

Is there any way I can ask for a compensation from them for their system's problem?
Was the money blocked?
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  #16  
Old 4th April 2018, 08:16 AM
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Quote:
Originally Posted by Alchemist View Post
Was the money blocked?
No, it wasn't. Outright the error was reported.
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  #17  
Old 4th April 2018, 09:00 AM
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Quote:
Originally Posted by paran View Post
No, it wasn't. Outright the error was reported.
Didn't you try to apply again?
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  #18  
Old 4th April 2018, 07:06 PM
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Quote:
Originally Posted by Alchemist View Post
Didn't you try to apply again?
Yes, three to four times. Even I gave a time gap of one hour between the second & third/fourth try.
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  #19  
Old 5th April 2018, 08:23 AM
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Continuing to hold this.
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  #20  
Old 5th April 2018, 12:00 PM
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Quote:
Originally Posted by paran View Post
Yes, three to four times. Even I gave a time gap of one hour between the second & third/fourth try.
I am not sure if you can claim any sort of compensation.

Usually brokers' terms and conditions shield them against any technical snags that their website may experience.

Does ICICI Bank have an ASBA option? You could have used that instead.

I had faced such similar situation more than a decade back - at the time of Maruti IPO. Money was deducted from my account, but ICICIDirect didn't submit my application.

I neither got any shares nor my money. After trying to resolve the matter for a month, I decided to approach a consumer matters lawyer. He sent a legal notice to ICICIDirect and within 10 days, I was given shares of Maruti. I am not sure whether the shares were from my application or ICICIDirect purchased the shares from secondary market.

The amount involved was much bigger, but in your case the amount is very small and the profits even smaller. The allotment was also not firm. I don't think there is much that you can do in this case.
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  #21  
Old 6th April 2018, 07:10 AM
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Okay, thank you for your inputs. It makes sense to drop the case then.
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