New Astrea V

[katana71]

Same here. No refund yet. I think DBS wants to earn the extra interest income by delaying the return of the money back to investors.

Anyone knows how to check the allocation for DBS customers?

May have to wait all the way till tomorrow

 

[bright_84]

Yes seems logical. I thought those who applied 50k and above they will ballot and will award 50lots to some and 0lot to others

No la. Just that will ballot to see who gets, not bid or nothing.

 

[katana71]

No la. Just that will ballot to see who gets, not bid or nothing.

Are you sure? I thought those who bid 50k or higher got chance to be awarded in full. That’s the purpose of ballot. Lucky few get the rest don’t get. Those less than 50k will definitely get, but in part.

 

[tmkedmw]

Yes seems logical. I thought those who applied 50k and above they will ballot and will award 50lots to some and 0lot to others

Not necessarily imho.
Large amounts they may introduce balloting. For those who are lucky, u may still be subjected to allocation.

Eg apply $500k, ballot is 1:3 get it. But the one that got it may get only $100k instead of the full $500k.

 

[bright_84]

Are you sure? I thought those who bid 50k or higher got chance to be awarded in full. That’s the purpose of ballot. Lucky few get the rest don’t get. Those less than 50k will definitely get, but in part.

See prospectus FAQ #13

13) Will successful applications be satisfied in full? Is there potential for larger allocations?
Based on market feedback and depending on demand, Astrea V plans to allocate valid applications as follows:
a) all applications of less than S$50,000 will be allocated in full or in part;
b) applications of S$50,000 or more will be balloted, with successful applicants allocated in full or in part.
Astrea V reserves the right to change its allocation plan.

In full or in part is just general legal language. If oversubscribed like our case, what happens is they see how much left over to above 50k, then see how many pax they comfortable to allocate to, then ballot to see who the lucky few.

 

[katana71]

See prospectus FAQ #13



In full or in part is just general legal language. If oversubscribed like our case, what happens is they see how much left over to above 50k, then see how many pax they comfortable to allocate to, then ballot to see who the lucky few.

Yes, precisely. In full or in part.

 

[bright_84]

Yes, precisely. In full or in part.

It's just lawyer talk.

 

[katana71]

It's just lawyer talk.

Yes but if you refer to b) it says that 50k and above will be balloted. That’s the key difference.

 

[limster]

Yes but if you refer to b) it says that 50k and above will be balloted. That’s the key difference.

it says 50k and above if success will be allocated in full or in part....

 

[katana71]

it says 50k and above if success will be allocated in full or in part....

Yes, it does. That’s why we are hoping to be allocated in full from the ballot

 

[katana71]

No other bros got allocated in full yet?

 

[limpoop]

Yes, it does. That’s why we are hoping to be allocated in full from the ballot

very unlikely if based on iv

 

[Intel888]

Applied 11k, refund 5k

Applied 15k, Refund 9k

 

[katana71]

very unlikely if based on iv

iv got no balloting. Everybody gets some.

 

[luvalist]

Seem like this round gets more being allocated. Cheers.

 

[intime]

From the refunds, looks like same allocation methods as last astrea 4.

 

[Farmer1212]

Still waiting for e ballot result.. DBS

 

[mmmanyeung]

Newbie to this. Wanna ask if the allocated amount will be stored in CDP or stored in bank, does it count the AUM in my banking?

 

[blue_denim24]

Still waiting for e ballot result.. DBS

Same. I applied for 5K via DBS IB. How do I know how much I got allocated? There is no money credit back yet.

 

[tmkedmw]

Newbie to this. Wanna ask if the allocated amount will be stored in CDP or stored in bank, does it count the AUM in my banking?

Cdp and certainly not counted in the bank aum. The bank just get $2 as service fee.