Came to know that a group of investors bided from Grey market at 155 premium. it was a bulk deal worth 56Cr.! Can anyone give confirmation on this news, coz if it''s true it could be huge
223. parmod gupta| Link| Bookmark|
September 6, 2021 9:04:13 AM
Top Contributor (300+ Posts, 300+ Likes)
Any New expected IPO in this month Pls confirm if any idea
Is it a good idea for conservative investors to buy huge stocks of powergrid, power finance corporation etc for dividend income? The dividends are better than FD and if there is any appreciation over long term it would be a bonus.
even he didnt remember at what price he bought them but he is sure its less than 1 lakh. In 10 years period it has few splits and bonus. so right now there are 420. he sold many shares like hdfc, sbi etc for 100 - 200% profit that ipo price and he regrets them now
Yes if you are very conservative and want to play safe then this is good option. Even rec can be considered. Credited dividend of 5 rs in march and 2 rs this month.
221. Chem cho| Link| Bookmark|
September 3, 2021 5:39:07 PM
IPO Guru (2500+ Posts, 2700+ Likes)
Reliance all time high Rs 2395 this the begining of the story people should not fell they are left out they sold reliance at cheap rate RS 2368 critics are wlcome with their views
BSE link is showing that the issue has been subscribed 60 times in retail section. Can somebody explain. Is it true or just some technical issue. If its subscribed 60 times then we all should forget about getting allotment. Even if you have applied with multiple accounts.😂
219.1. DBJ| Link| Bookmark|
September 5, 2021 5:15:56 PM
IPO Guru (1300+ Posts, 2000+ Likes)
Must be technical error if you check on same link
HNI - 2(b) Individuals (Other than RIIs) - 16,50,73,416
And Retails 3(b) Price Bids - 16,50,73,416 Above both number matching, so web page is reading 3(b) values from wrong target 2(b).
After multiple of calculation , multiple of no no , many have converted into yes. So this bumper bidding. But it is not fair and equitable because the man who has given his bid in the first two days,has been flashed away in the third day and he is deprived of the reward for his sense and risk taking . For the sake of rationale and equitability, it is my request to the competent authority to look into the matter so that a logical differential approach may be developed to discriminate the late hours ''listing gain mongers '' and reward the genuine bidders. For example , say 1) 50% allotment (not fewer than proportionat value )for the first day bidders. 2) 30% allotment (do ) for the second day bidders. 3) Rest for the last day bidders.
Yes you are correct. I am one of those who applied at the last moment. Those who took risk on the first day should be given higher probability of allotment. Last day allotees are not just one day flippers if share Btw i am still holding antony waste, route, gr infra, tatva, sona coms, anupam, india pesticide etc where I got allotment. I am not a flipper
Current subscription pattern evolved based on current IPO rules. Moment IPO rules are changed (e.g. higher allotment ratio for first day), subscription pattern will change to adapt to changed rule with higher subscription on first day and net result will not change first. Better would be to put QIB/NII on the first day and Retailer/Employee on second day and reduce the total duration to 2 days only. But I would guess that QIB/NII will consider this unfair to them as they would not get any idea of retail demand befor they put in their money. So summary is......it is easier said than done. Ideal would be to have only 1 day duration for any IPO but then it will require depository participants to build capacities to handle huge tx volume on a single day. Just imagine what will happen if there are 4 IPOs running on a single day. Summary: Enjoy the current system till technology speeds up Tx further.
@ IPO Mitr It appears that he is aware of the discrimination going on and also have some means with probale intervening problems . Yet he prefers to enjoy it so long as it is available. I prefer to raise voice against this discrimination for its alleviation. The enforcing authority has greater responsibility for keeping parity among different generation of bidders. Even if it is reduced to a solitary day affair, time-wise creation of generation is required to tackle the onslought of the referred group. If the authority takes it with right spirit, it is not any complicated job. Introduction of far more complicated jobs like dynamic margin system has strengthen my belief. I believe some day it will come into being.
Despite being in stock market for last 35 years,, I still consider my self as a novice because market always finds a way to surprise me. Probably I don''t understand different generations of bidders as you understand but I understand very well how human psychology works. Please go ahead and give your new allotment formula to SEBI and other authorities and I wish you the best for your efforts in making IPO allotment process equitable for all generations of bidder. As far as I understand and believe, the system will gradually move towards single day IPO and even simpler allotment rules. You live in your belief and I will in mine. Best wishes.
You will be in loss , how , suppose it implements we all retailers about 80 % applied on first day so we have to fight for 50 quota , and rest 20 get advantage of 50% , they or smart invester get benefited , other way some time out money stuck in one ipo and we don''t have money on first day it may release on last day we have chance for last day
This is not making any sense. There are lots of reasons like, some time I apply on first day and bank submit application on next day. What happened if some bank system is not working on first day?
Let''s have first come first allotment strategy for retail then dekho kya haal hota hai..sub kuch hang ho jayega. OTP hi nahi aayega.
If you think your points are making any sense then write to sebi instead of posting here.
218.7. ipo share| Link| Bookmark|
September 5, 2021 7:56:57 AM
IPO Guru (1500+ Posts, 700+ Likes)
Rather than stressing discrimination between retail investors, fight for enhancement of retail quota because ultimately purpose of shareholding is to increase participation of Indian public at large.
I will apply on the First day and accept the mandate on the 4th day before 12 PM.
3 days time for people to think and decide so that they can be sure of their decision. if not 3 days then why not 2 days only like 1st-day OFS for Non-retailers and 2nd day for retailers? In OFS we already know about the company as it''s already a listed company but in IPO 3 days are required so that investors can read about the company and can decide to apply or not. Even QIB and HNI sometimes don''t know hidden facts about companies. Don''t think from retailers allotment perspective, there are so many edges SEBI need to think so that Companies will not loot investors. In IPO the only allotment is not important, listing gain and valuations is also important for investors then there is a point to apply in IPO else secondary market is ocean and retailers can purchase shares as many as they want.
218.9. Ou Ai| Link| Bookmark|
September 5, 2021 1:32:26 PM
Top Contributor (300+ Posts, 300+ Likes)
Is this proposed formula only for heavily oversubscribed issues like Ami organic? Would you accept same proportion for applying in Vijay diagnostics, Novoco vista cement and similar other issues that were undersubscribed or just subscribed?
Hi, Attention is invited to the fact that this very portal shows RII i.e. Retail Category oversubscription as ''13.36'' times, it was the same status when I was also personally tracking BSE portal b/w 04:45 to 05:00 on the last day. However, now BSE portal with the same link shows the Oversubscription in RII category to the tune of ''60.40'' times (follow below link). The difference is very huge & relevant as well, thus, can any one please throw the light on this.
Happy Teachers Day to Aniketji and all the mentors .... Special thanks to Chittorgarh team for this wonderful platform ... This forum has taught me one thing in life "You either WIN or you LEARN, but you never LOSE".... ❤
Doesn''t matter what is GMP. no retailers from here getting allotment... Only 0.5-1% chances of allotment. Only because Linkintime register. I already got many bad reviews abt this registrar it''s cheater it gives allotment to it''s own people in setting... Just pick a few from random so they don''t get caught.... And i personally felt this... More than 20 IPO applied in 3 family demat account.. Got allotment no where... This time also applied in AMI organics 1 lot .. But i knw i am only getting message from bank your fund revoked.
It is the exchange that decides the lottery. Registrar only prepares the file and gives it to the exchange. Dont blame the registrar. U can write to Sebi complaining against the exchange. I have got allotments via both kfintech and linkintime. Its pure luck.
DearAniket Jee, we are lucky to get mentor like you,, wish you a very happy teachers day sir .
Thanks for teaching and guiding us stock market knowledge. 👍👍👍💐💐💐
भगवान आपको और आपके परिवार को हमेशा स्वस्थ एवम सम्पन्न रखे .
you are a wonderful person and we are blessed to have you🙏🏼
212. ipo share| Link| Bookmark|
September 5, 2021 8:14:14 AM
IPO Guru (1500+ Posts, 700+ Likes)
QIB (Institutional Quota) was created so that retail investors can get guidance regarding quality of IPO. Rather than guidance, retail investors are getting misguided because of last minute bids by QIBs. To serve the purpose of QIBs, their bids should close one day prior to last day of bidding for retail investors.
212.1. ipo stonks| Link| Bookmark|
September 5, 2021 10:28:33 AM
Top Contributor (200+ Posts, 200+ Likes)
Lol! The purpose of setting up QIB Quota was so that retailers also get allotment. If there is no quota shares will get alloted on the basis of pro rata, and retailers will not get anything. The system is designed very excellently. There is huge cost of funds when they are being kept ideal by these QIB’s, that’s why they and HNI (who borrow) invest on the last day.
for this now 4th (up to 12PM) day is there for a retailer to accept mandate or not. If you think the QIB miss guide retailer then use this 4th day to decide, only you have to apply using the UPI option.
@IPO stonks, I agree that The system is designed very excellently for retailers, and it''s already been proven since the last decade. Accept UPI mandate option on up to the next working day is additional time for retailers. 35% for retailers are enough reservations for mainline IPOs.