SMR Jewels IPO Calculators

You can invest in SMR Jewels IPO as HNI through ASBA Netbanking or offline mode.

You need to enter all the required details viz. the bid quantity, amount, depository details, bank account no., applicant name, PAN No. to apply for IPO online or offline. You need to ensure to select the investor category as HNI.

It is important to note that as an HNI, you cannot bid in IPO at the cut-off price.

You cannot apply in SMR Jewels IPO through the Zerodha IPO application(Console) in the HNI category as Zerodha offers a UPI-based IPO Application that has a  limit of a maximum of ₹2 lakh per transaction. 

You can apply using the ASBA facility offered by the banks to invest in the HNI category.

The three main factors that decide the feasibility to invest in SMR Jewels IPO using the IPO funding route.

1. IPO Subscription Rate - This is one of the most critical factors that help decide whether an HNI should opt for a loan or not. The higher the subscription, the lower is theallotment. In the case of lesser allotment in IPO, selling that small chunk may not cover the entire funding cost and thus reduce the chances of earning profits.
2. IPO Listing Price - If the IPO listing is expected at a good premium, taking an IPO loan should not be a burden as selling the shares on listing would earn handsome profit to cover the funding interest cost and the IPO price.
3. IPO Funding Rate - Generally, IPO funding is available at around 7%-10%. The above IPO funding cost table shows an estimated cost that can help you arrive at the break-even point to assess the probability of earning profit based on the expected listing price and over subscription.