Upcoming IPOs with Shareholders Quota in 2024!
Below is the list of upcoming IPOs you can apply under Shareholding Quota and increase your chance of getting it.
| IPO Name | Parent Company |
| Hero FinCorp | Hero MotoCorp |
| NTPC Green Energy | NTPC |
| Tata Passenger Electric Mobility | Tata Motors |
| HDB Financial | HDFC Bank |
| Reliance Jio | Reliance Industries |
| Canara HSBC Life Insurance Company | Canara Bank |
| NHPC Renewable | NHPC |
| ONGC Green | ONGC |
| HDFC Ergo | HDFC Bank |
| PNB MetLife Insurance | Punjab National Bank |
| Reliance General Insurance | Reliance Capital |
Why it is Good or Important?
This is the best way to increase chance of allotment in trending IPOs. for this we need to hold just one single share of its parent company to be eligible for apply!
It does not benefit investors only, but it also benefits IPO firms as well. With this your possibility of getting allocated while it also helps an IPO succeed.
Better allotment chances.
Generally, the retail sector receives a higher number of subscriptions than the shareholder quota. A known instance is Ujjivan Bank IPO, wherein, retail sector was subscribed 48 time than shareholders quota which was only 4 times. It indicates that the shareholder quota has far more allocation odds because it has additional layer of qualification requirement relating to owning a single share of parent company.
Listing Gains
The allocation of shares under shareholder quota in the current issue will give very high listing profits if it gets listed at good premium.
Get more share allotted by applying in both category
To get more shares allotted it is favorable to apply in both retail and shareholder quota for investors. There is higher probability of allotment by having two applications. Application will be accepted for both the categories and investors will have better chance of allotments. However, there is a cap rate of Rs.2,00,000 per Pancard user.
Who can apply under shareholder quota?
The person can apply under shareholding quota if he buys or hold at least one share prior record date, which is the date when RHP is filed. The shares of the Parent company need to be in investors Demet account on record date. Record date would be T+2 settlement cycle, that means investors need to have company shares in their demat two days prior record date to be eligible.