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Samraat Jadhav |2368 Answers |Ask -Follow

Stock Market Expert - Answered on Jul 18, 2024

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more

Question by Anvisha on Jul 16, 2024Hindi

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Hello sir, so if suppose: I am using Groww platform to apply for IPOs, and my balance on that platform is 2 crore rupees (suppose) So the higher balance I have, the more number of shares I can get allocated in the IPOs, right? There is no limit for that, right?

Ans: no, that is not the case. The balance on the platform does not matter. How much apply for the IPO matters

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Samraat Jadhav |2368 Answers |Ask -Follow

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how many shares today from ipo of 300 shares of jindal vijayanagar steel ltd,100 shares of prism cement ltd,60 shares of industrial credit and investment corporation,150 shares of scici ltd,100 shares of reliance petroleum today how many shares??? and also morgan stanley mutual fund 400 units at time of nfo.....

Ans: Your 300 shares of Jindal Vijaynagar Steels Ltd. (issued in 1995) have undergone significant changes due to mergers and corporate actions over the years. You have to contact the company's registrar and transfer agent (RTA) Kfintech, they can guide you on the real number and process of dematerializing your physical shares.

for all others you can chk from the following BSE site in the corporate action bar:
https://www.bseindia.com/stock-share-price/icici-bank-ltd/icicibank/532174/corp-actions/

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Sir, I have been allotted 6850 shares at the cost of Rs. 108 per share in case of IPO allotment by Barona Weaves Amount of Rs. 534000 is blocked or freezed from TATA ADVANCED BROKER ACCOUNT I am unable to pay remaing amount of Rs. 205000 within due date. What is the consequence?

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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