Hello @Dhan @PravinJ
Hope you’re doing good. I would request that the displayed IPO application amounts be shown at the cut-off price rather than the minimum price.
For instance, the ICICI Prudential AMC IPO requires ₹12,990 at cut-off, which is correctly reflected by platforms like Zerodha and Angel One. However, Dhan is still showing ₹12,366 in notifications.
I’d appreciate if this practice could be reviewed, as the current method only causes inconvenience even though it is an attention farming technique, but “AS-IS” philosophy is better.
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Agreed with @thisisbanerjee
One more update needed:
In the shareholder quota of ICICI prudential amc ipo, maximum lot allowed is 15, but the app is going even more than 15. If someone without noticing applies for more than 2L application in Shareholder quota then the application will be rejected
Maybe the developer copy pasted the logic as in HNI category for Shareholder quota.
Logic for Shareholder quota should be same as retail application.
Last thing is to default the cut off in Share Holder quota application as Retail application.
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HI @Pradumya, thank you for pointing this out, we will optimise on this.
Hello @thisisbanerjee , thank you for bringing this up. Currently, the logic for our minimum investment simply considers the lower price - which is theoretically the actual minimum investment. However, your perspective on using the maximum price in the calculation is fair as per IPO trends. Having said that, we need to evaluate all edge cases before making this decision. Rest assured, your feedback has been noted.
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In my last 2.5 years of IPO investing, I have never seen any IPO allotted at less than upper price band.
It is either upper price band or serious action by SEBI (C2C Advanced Systems)
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