Amidst the fanfare , I revisit the shares IPOs of which were listed ten years ago. This may be useful for those who are willing to hold ipo shares for very long time Script .......................issue.........offer............list (LD high) pr.price ..........Remark Lovable lin.................3/2011......205...................................124 Ptc ind........................3/2011.......28............26.75 (27).......20.5 Shilpi cable.................4/2011.......69.............78 (85)...........delisted 5/19 at Rs 1.1 Muthoot fin..................4/2011.......175...........196 (199).....1520 *..........8.7 times Innoventive ind.............4/2011.......117...........112 (114).....delisted 6/16 at Rs 4.2 Servalakshmi paper......4/2011.......29.............29 (48).........delisted 5/18 at Rs1.35 Vaswani ind..................5/2011........49.............34 (34)..........13.65 Sanghvi forging. ...........5/2011........85............88 (116)........delised 4/21 at Rs 16.5 Aanjaneya life care.......5/2011........234..........218 (324).....* delisted 2015 at 6.3 (Renamed Dr Datson lab) Timbor home.................6/2011.......63..............72 (99)........delisted at 2.2 Vms industries. .............6/2011........40............44 (49)............12.65 Birla pacific meds...........6/2011........10............11 (31).............× Rushil decor....................6/2011.........72...........75 (124).........249* 3.46 times Readymade steel............6/2011..........108........115 (118).........5.75 (Renamed kridhan infra) Bharatiya global. ...........7/2011...........82............84...................2 Inventure growth.............7/2011..........117..........119.................3.5 L&T fin.............................7/2011...........52...........51 (53).............91* 1.75 times Treehouse education. ....8/2011...........135.........133 (161)........9.5 Brooks lab........................8/2011...........100..........110 (131).......134*. .1.34 times Srs ltd................................8/2011...........58...........55 (68)...........insolvent & B TD power..........................8/2011.............256........251 (309)......335*...1.35 times PG electroplast. ...............9/2011...........210...... 200 (490).......490*....2.34 times Prakas constrowell. ........9/2011............138.........145.................1 (Renamed setubandhan infra) Rdb rasayan. .....................9/2011...........79............85 (93)..........86*.......1.1 times Tijaria polypipes.................9/2011...........60............62...................6 M&B switchgear ...............10/2011.........186...........180.................3 (Renamed Ujjas energy) One life capital. .................10/2011.........110..........115 (173)........18 Taksheel solution. .............10/2011.........150..........157.................delisted 12/13 at 3 Flexituff international. ........10/2011........155..........155 (185)........25 Indothai securities. .............10/2011........74............75 (99).............97......1.3 times What do we see? Four companies changed names, all have gone to dogs. So change of name may be taken as symbol of disruption. Except Moothut fin, none has given any sizeable return. At least twenty (most of the companies ) have either been delisted or in its last stage. Only one company has give some return Only a few companies have been able to hold the price above the issue price. At that time market was in the level of 5200. So issue price may not have been that high.Now market is as high as@18000. so one is coming at two or may be three and someone is buying it at four or five or six or may be even higher with this hope that he will be able to sell it at much higher level. Naturally I am also in this queue. I have no intention to give any advice to anybody.
Good info...but I don''t know how to interpret it. what are your views?
438.3. Roxpatel| Link| Bookmark|
October 10, 2021 8:51:16 AM
IPO Mentor (700+ Posts, 700+ Likes)
Unknown is saying, "kahena kya chahte ho"
438.4. ipo share| Link| Bookmark|
October 10, 2021 9:34:49 AM
IPO Guru (1600+ Posts, 800+ Likes)
In short, it is better to go for listing gain as retail investors have no access to Internal information about the companies.
438.5. Jetha Lal| Link| Bookmark|
October 10, 2021 2:24:51 PM
IPO Guru (1000+ Posts, 2100+ Likes)
This doesn''t happen overnight and can''t put everything in same basket. There are many stocks like Dmat, IRCTC , Aavas ,HDFC AMC etc. Keep track of quarterly results, management commentary and shareholding pattern.
@ unknown, Roxpatel and others Thank you all. This is just a relooking . In this high market somebody may think it is nothing but beating the bush. My intention is just to put what is in reality. I have put my observation .Interpretation should be done in the personal capacity and personal capability which too would vary from man to man.
@ Ultrasnow I think you are displeased and try to find some intention behind it. It includes all IPOs that came within the time frame 3/2011 to 10/2011 except two small companies 1) paramount print delisted in 04/2017 2) future venture trading at 7.5. You may not see any other ipo from 11/2011 to 3/2012 Soon I will present a rosy picture which may please you and many others. Thanks
@Asoke sarkar I meant to say you picked IPOs from a particular time frame to justify sell on listing and not to hold long term But you have to look at other variables. Smart investors would have stayed away due to various factors like , unknown entities, poor financials, poor IPO reviews and hopefully their own research (which is a must, because it''s your own hard earned money)
437. Dr.Bhavy| Link| Bookmark|
October 10, 2021 8:27:34 PM
Top Contributor (200+ Posts, 100+ Likes)
Missing @Arjun Rajkot.. His listing estimates were bang on !
If you are reading this msg, kindly give your tentative listing price, TIA
@unknown As per my knowledge, app means applications. 6000 Cr (app) meansp total applications worth 6000 Cr available under QIB, HNI & RII categories. Anchor Investors excluded.
@Have Faith - Foreign holding increased and retailers decreased. Good for Cartrade.
@Anandi Cartrade does not have any promoter. It is a professionally managed company which is good for investors. All these were known facts during IPO.
Since the sell-off , foreign investors have bagged in the shares..i suggest keep your shares on hold .. Diwali is coming.... expectations are 1800+ this Diwali...more sell off will come... also quarterly results could be positive as well. Don''t be scared....as holding will increase your profit. For example: i sold irctc. Bought @2610.5 shares..sold @2824...now the pain is real. Don''t be silly. Just hold...let it complete 1 year aleast...if it gives even 20% returns after 1 year...you haven''t lost anything. I know one would think, why i am i stupid to say 20%. because in real world except mutual funds there''s no secure form of investment giving such returns.
433. Have Faith 🙏| Link| Bookmark|
October 10, 2021 12:45:52 PM
Top Contributor (500+ Posts, 100+ Likes)
If Phone no. Is not linked with aadhar card then is there any way to open demat account online with brokers like groww and zerodha
Yes you can apply online also. Use your regular mobile number with broker (zerodha , angel etc), but they ask mobile number linked with your adhar number(its ok even if its not same number of your current mobile number you put in zerodha etc broker), only otp goes to your adhar linked mobile number(most of have their father''s mobile number, coz becoz before5-10 ago years we don''t have privet mobile number. that time all family members adhar linked with fathers account)
433.5. Have Faith 🙏| Link| Bookmark|
October 10, 2021 3:27:56 PM
Top Contributor (500+ Posts, 100+ Likes)
My average price is 1550 which is worry for me ...as all my money was blocked in stocks when cartrade was trading between 1200-1300. .....I wasn''t able to average it more
433.6. Have Faith 🙏| Link| Bookmark|
October 10, 2021 3:28:54 PM
Top Contributor (500+ Posts, 100+ Likes)
Electron bot point is no number is linked with aadhar card
Kindly excuse for off-the topic and please share your experience and recommendation for below;
Between RBL bank and Indusind Bank which is better interms of easy banking operation (smooth mobile banking app / good online site features or easy navigation etc.) also considering financial stability of the bank.
I know HDFC, ICICI, Axis and Kotak are highly secure interms of financials and corporate governance (I use first three accounts from this list and fully satisfied), but I am looking for some acceptable levels of stable bank which gives better interest rates on SB account (not fixed deposits).
I don''t know about NRE account but in terms of financial stability and security, IndusInd should be you choice. It has consistent growth and profitability and backed by Hinduja group. Simply compare June quarter financials of both the banks and you''ll get the answer. I too had a confusion between the two but ultimately settled with Indusind.
432.2. Chem cho| Link| Bookmark|
October 8, 2021 3:01:08 PM
IPO Guru (2600+ Posts, 2700+ Likes)
NRE account hdfc bank or icici bank keep fixed deposit in dollar and not rupee in NRE account NRO ACCOUNT IN RUPEE Consult proper tax advisor
@Retail ipo I''m in a similar situation, holding HDFC NRE FDs for since the last 10 years but the interest rates have consistently gone lower. Now thinking in terms of other banks. Apparently the more stable the bank the lower the interest rates they offer. Right now, I can see Yes bank and Indus offering the highest interest rates. The other more risky options are small banks like ESAF, AU, Equitas, Ujjivan all offering higher returns A related query is what is the best NRI trading account and what are the tax complications if one continues using the normal trading account instead of NRI trading account. And sorry for being off-topic .
@ultrasnow, I am not sure about yes bank or Indusbank present NRE savings account interest rate, i am still in a opinion that RBL gives the best of 6% interest rate on 10L above balance. I am happy to be get corrected.
on your query about NRI trading account, my understanding is that its illegal to have normal trading account or normal resident bank account if you are a NRI. you can operate a NRO account / trading account. tax implications are almost same interms of short term or long term capital gains (from top of my mind).
So, NRI can not have a resident bank or trading account. I strongly suggest you to google first, and to get an expertise / auditor opinion. If I were you, I would sell all my holdings and close the normal trading account (including bank account) and open a NRE bank account linked with trading account.
@MRavichandran Thanks for you valuable inputs. I''ve been invested long time now, and as my status changed to NRI I continued with the earlier accounts. I wonder if there''s a way to migrate the normal trading account to NRi trading A/C. That way I can avoid selling my long term holdings.
@ultrasnow, changing normal trading account to NRE trading account is not possible (as the money invested in normal trading account cant be converted to NRE money when you sell the holdings.). may be chnaging to NRO trading account possible? not sure. please check with any bank or auditor.
SDZ, you are not understanding the message. I have explained that share holders who have applied for more than 15 lots have been first included in HNI grade. After closing of issue , these share holder''s bids were merged with other bids of share holders who have made bids less than 14 bids.
@MogPunisher, @Chemco ji, @MRavichandran ji: Thank you so much for your kind guidance. @ultrasnow: Happy to see you being part of this thread.
@MRavichandran Ji,
Kindly provide your valuable inputs / recommendations on the below queries;
1) I stay only maximum next two years in abroad, in this case, is it worth considering NRE account and NRE PIS compliant trading account opening????? (because cumbersome amount of compliance documents & attestations it involved) Or I can manage by opening simple NRO account with non-PIS trading account? Which is better?
2) My requirement is: To apply IPOs primarily, for this purpose, can I manage with NRO Non-PIS based trading account?
3) Is it advisable if I don’t open any NRE / NRO account and transfer all my savings as Gift to my parents account and invest in their Indian demat / trading accounts?
Sorry for asking too many questions, but really struck in this dilemma, your suggestions based on practical experience will greatly help us.
@Retail ipo, yes, its worth considering NRE account with NRE PIS trading account.✔ Following are the reasons: - NRE savings account gives you around 6% tax free income while applying IPO''s. you can earn interest when apply through ASBA for the blocked amount) - NRO savings account is taxable (TDS by the bank around *30% on interest earned. *not sure how much exactly) - Not advisable to transfer/gift your NRI money to prarents account which is taxable (same like a NRO account) and they have to file income tax returns if exceeded certain amount. - 2 years is long period, possible for future extensions if any (you can keep your NRI status depends when you return on the basis of how many years you are in abroad.) - Its very easy to open NRI savings account (now online video verfication etc), many banks and broking companies can easily assist you with out any major hassale.
Though, I am not a brand ambassdor of RBL, from my experiennces only, I may suggest to open RBL NRE A/C, they themselves will link link your PIS account with IIFL. (very easy to open even you are abraod). there could be many others who could give better services (low brokerage, less demat charges..etc), you may please google it and finalise the bank / Broker, depending on your needs and risk appetite of selecting the bank.
@ MRavichandran Thanks to your inputs I today contacted my friend who is a CA regarding the matter. I’ve hardly been in India for a month every year so I left the matter hanging, also due to covid travel limits I haven’t travelled since Feb 2020. I currently hold a PIO card as I surrendered my Indian passport early this year Also, I can confirm 30% TDS is deducted on interest in my HDFC NRO A/C @ Retail ipo Happy to be part of this topic as I have had similar queries for a while now. Also, my query is, can an NRI apply for an IPO from the NRO account as I do not see any mention of the same
As I learnt from various sources, applying for IPOs from NRO account is certainly possible and it is as simple as regular resident Demat / Trading / SB account type operation, but only with negative 30% flat tax slab when comes to NRO acc interest.
Second thing: I exactly did same like your case when I was a NRI for first time (2014-2017); I was using my resident normal trading platform / Demat for both IPO applications and secondary market investments (linked with resident SB account). Fortunately no triggers from IT that time, may be due to my IT records are pretty clean with all proper taxes or I have not been selected for scrutiny.
But now, things have changed drastically, IT systems are tightly integrated with various systems, (aadhar linked, registration dept, Credit card reporting, Trading / Demat reporting, etc. etc.) and I have seen these things in practical implementation as well (even though, I have registered only one SB account in IT portal, now all my SB accounts are visible through PAN based tracking, this was not the case couple of years back and some friends got triggers from IT (registration department to IT information type).
Considering these much tightened rules, I have firmly decided this time not to use any resident accounts, also as you already know how our system really functions, if it does not come for scrutiny, no issues at all, but in any unfortunate situation, if it comes, highly infected bureaucracy systems (I think you understood what I mean, don''t want to tell openly) will chase us and suck the juice till the last drop to their own personnel benefit (99% are like this only, and I bow my head sincerely and highly respect the other 1% category, again which is rarest of the rare to find these genuine 1% portion in present world).
Hence, as @MRavichandran Ji suggested (based on his practical and very long NRI experience) and also considering actual requirements and situations, speak to your RELIABLE tax consultants and take appropriate suitable actions in your case like closing resident trading accounts and proceed opening for NRE / NRO trading acc. that suits your requirement.
I am heading to open NRE acc and PIS based trading demat accs.
Thanks
I am clear on all aspects by now and I rest my thread here.
For NRE Account Yes Bank and IDFC is best. For services and saving account interest they are the best. If u r elligible for yes first member, u will get no of benefits like no other bank will offer in their right mind. I have NRE account in both banks. Even after YES BANK scam I did not withdraw my amount and I tried to change a bank but believe me no other bank match it''s standard, benefits and services.
@Retail ipo Thanks for the very delailed and precise reply I agree 100% it''s best to avoid problems with tax authorities and will look to sort out most issues during my next trip hopefully around the new year Do inform about your final choice for NRE PIS Bank Account. Also can one open both NRE PIS and non PIS account
SEBI should plan and regulate the timeline of IPO launches. Sometimes we have four or even six IPOs on the same dates causing many issues and some times we do not have anything to do, even at present there is no new mainline IPO to discuss.
Is it not possible for SEBI to float new IPO in a periodic manner so that there is minimum clash?
Overlap IPOs impact on listing gains as well as subscription .
There is impact on coming IPOs that too big size IPOs
431.3. Kishore S| Link| Bookmark|
October 10, 2021 12:37:07 AM
Top Contributor (200+ Posts, 100+ Likes)
SEBI aim is not to benefit a minority number of investors who are already rich. They want to benefit retailers and is possible by bringing parallel IPOs
Can someone explain please.... I have applied ABSL via upi. Shares alloted and credited to demat account but amount not debited yet still showing blocked. Thanks in advance🙏🙏
Five IPOs are expected, expected this month according to news at different levels : 1. Nykaa Total 4000 cr. Fresh 525 cr. 2. PayTM 16,600 cr. 8300cr. 3. Policy Bazar 6017 cr. 3,750 cr. 4. Go Faishons 125 cr. 125 cr. 5. Sapphire Foods 1,75,69,941 OFS
@pklal which of these companies''s parent companies are listed so that they can offer shareholders quota?
428. ipobull| Link| Bookmark|
October 9, 2021 11:40:36 PM
IPO Guru (1000+ Posts, 1000+ Likes)
Few days back, I had advised investors loving Reliance that a PC Jeweller can reach 29 from 23 earlier than Reliance stock reaching 2900 from 2300. I was proved right on Friday. Shifting from a laggard like IRFC to PC Jewellers proved very beneficial to me. Regarding ABSL listing, this is one stock which no one really knows how it will list. But it may be good one for long term.