I found the page it is in top of every ipo page How long is it been there? It redirects to new site just like chittorgarh ,named top share broker and there gmp is updated. Good job chittorgarh team & thanks a lot for resolving our queries and implementing our needs. Once again you proved that you are the best
Imagine Marketing (Boat brand) likely to file DRHP for its IPO by end of the month (Jan-2021). Fresh issue and OFS, Rs 1,000 Cr each totalling Rs 2,000 Cr. Down from the earlier Rs 3,000 Cr that was reported in Sep-2021
It is like people want to read only negative news and will not be satisfied until they read bad stuff, poor performance. Just because news is positive does not mean it is fake or paid as you are implying. If you don’t agree then share your reasonings and analysis.
I am posting a general question here as this is one active thread.
I made a purchase in the secondary market. As per my understanding, generally delivery is T+2., T being today. Will the purchase reflect in company''s records on 17th. 14th tomorrow being the first day when markets are open, Sat & Sun being holidays and 17th being the second day. This doubt arose because icicidirect is showing credit to account as 18th. Is there a one day lag between appearing in companies records and appearing in demat account. Please advice.
57.1. lokes| Link| Bookmark|
January 13, 2022 9:56:59 PM
IPO Guru (4400+ Posts, 5100+ Likes)
On share sell, Debit happens usually in morning on T+2 day from cdsl or nsdl depository but on share buy, credit happens usually in evening on T+2 day in depository, so from broker perspective it''s considered as T+3. Means any share which you are buying then you can actually sell on T+3 from your own bought share (when it''s actually present in your broker account) , like for t2t group shares, it can be sold on T+3 day only after buying. So icici direct is showing properly.
@ Andi All will be done by the 17th i.e T+2 No story of T+3
57.4. lokes| Link| Bookmark|
January 16, 2022 9:32:25 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@asoke: you may first read the question and my reply again , then you may understand what i meant by T+3 here. So all will not be done by T+2 , you cant sell on T+2 day from broker site, only delivery will happen on T+2 day. so whatever mentioned by @andi and in icicidirect broker site is correct.
@ Lokes Once again I have gone through the point of Andy and his question in the last line. I have no knowledge about which individual broker doing what. Only I know what ought to have done as per the existing rules. As per norm , most of the three parts of the entire job is completed within T +1 that too well before 5 pm. So T+2 is only formal date of settlement. So even if any broker can not do it within T+2 ,we have nothing to say . So story of T+3 is not digestible . Nor can I say that it is a rightful action on the part of the broker. However, we have nothing to do if they are so doing. Thank you
Please try to understand the mechanism, practically T+2 is payout in brokers'' account. How can one be so impatience!!! Once settlement happens, brokers get final credit subject to auction in case of non delivery. And further action to credit is taken by broker. Normally happens on 3rd day, imo.
The day u buy (or sell) the shares is T day. You need to submit the funds (in case of buy) or in case of sell, the shares by T+1 day. That's called the Pay In process. The broker is supposed to payout the shares or the money due to you by eod T+2. In case of auction due to non delivery of shares, the broker can delay it by 1 more day.
The issue arises in case of record date for dividend /bonus
An issue arose with a friend of mine who had an account with Kotak Sec. We both purchased ncds to be eligible for that year's interest. I got the ncds in my Demat (hdfc sec) on T+2 day... One day before the record date. My friend got in in his Demat on T+5... Now he didn't get the credit of interest on the ncd either in his bank or via the broker. He ended up paying higher than the price he needed to pay... He wrote some emails to the registrar and to Kotak sec. The register replied that your name isn't there in the list of holders on the record date. Your broker must have recd in his pool account. Kotak refused to acknowledge that any such thing has happened. Since the amount was not too much, my friend also got tired and stopped following up.
I'm the case of these record dates, it's better to not wait till the last day.
AGS is not the only company trading in the Unlisted Market trading in discount prior to ipo.uti asset management company and pb fintech are also dropped more than 50 percentage in the unlisted Market prior to IPO.
AGS has been among the top 3 players in its all businesses they are into. It''s been growing consistently for past one decade and will be on the same growing track. They are raising funds to clear high interest rate loan. It will increase their margin significantly.
Thanks.
54.1. ipo share| Link| Bookmark|
January 16, 2022 3:41:45 PM
IPO Guru (1600+ Posts, 800+ Likes)
@Value picker It''s a complete OFS, so nothing will go to the company. Hence, ni question of repayment of loan and reduction of interest cost.
@ipo share ji - you are correct in principle, but in this case, there is an arrangement for the OFS proceeds (which are going to the Promoter) to flow back into the Company through an escrow mechanism (mentioned in the RHP).
So it is very rare (may be first of a kind) case, where OFS money will flow into Company to reduce debt. This is mentioned in detail in the RHP (Pg 104 onwards)
@lokes,@Neolongus and other experts please share your review for this AGS transact ipo.Please give your opinion for both listing gain and long term view.