Am curious to know if uprosx is offering newly listing company Sheel Biotech at special discount?
If yes….what is pocess of allocation of shares ?
Can someone one from upstox reply
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The listing date for Sheel Biotech is 8 October. Once listed, it trades like any other stock and the price moves based on market demand. There’s no special discount that Upstox or any other broker offers, after listing.
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To your second question: if you applied and accepted the mandate, you should receive the allotment result by 7 October. Since the IPO was oversubscribed (applications exceeded the shares on offer), allotment is done via a lottery.
If you want to check your allotment status, you can follow the steps in the Help Center article: When and how can I check my IPO allotment status?
Thanx a lot Ronak for the reply…
If upstox is not doing any brokerage service for this IPO then how come one of the site showing Upstox logo etx giving special disxount on pre listing and allocating shares
Is the allocation possible without even paying any money…
If yes what if person who is allocated does not put the money as per allocation of shares but lesser …
What will happen to the money ?
With Warm Personal Regards,
Sanjeev Bakshi
HF: +91 9873830373
- Could you please share the website link so that we can investigate this further?
- When you apply for an IPO via Upstox, you will receive a mandate request on your UPI app. Only after you approve the request will the money be blocked for the IPO (it remains in your account but cannot be used elsewhere). If you receive an allotment, the money is debited from your account. If you do not get an allotment, your money will be unblocked.
Hope this helps!