Apeejay Surrendra Park Hotels Limited IPO Message Board (Page 21)

​@IPO.RIKI Company is in loss in 2022 and 2021 hence retail is 10% 🙏

​@IPO.RIKI Retail only 10% compulsory if a company is on loss in last 3 years. The rule is set by SEBI to safeguard retailer's money.
No need to be aggressive for this issue.

​@IPO.RIKI Respected members have highlighted the reason. Let us acknowledge and appreciate the same. I only want to add that maximum retail quota decided by authorities is 35% in IPO issues involving book building process. Even in fixed price issue, maximum for retail category is 50% and hence the demand you proposed is not justified. Companies are bound by rules. Best Wishes 🙏

​@Basuvr @IPOTraders @Chhote Lal Company has continuously decreasing its loss & has turned into profits & posted profits for 2022-23 & also. So if sebi has made 10% quota for companies making loss before 1 & a half year that doesn't make any sense. Anyway you see now how much oversubscription will be there, no chances for allotment in good company. Rules should be made in such a way that small retailer should be benifitted maximum. And also if its to be protecting the interest & safeguarding then a retailer investing his own money has to do his own research about the company & invest. Nobody is forcing him. So this 10% rule doesn't make sense.

​@IPO.RIKI You have a point. However, the Sebi rule states an issuer should have an average pre-tax operating profit of at least Rs 15 crore for the past three years, failing which it either has to list on the SME platform or carry out an IPO with increased qualified institutional buyer (QIB) participation of 75 per cent. For such issues, the retail and high net worth individual quotas are 10 per cent and 15 per cent, respectively. “The rule is to protect small investors from loss-making companies. In certain cases, loss-making companies have done very well. So, one can argue retail wasn’t involved fully in the IPO stage. It’s not the most ideal rule, but it’s a good provision to safeguard investors from IPOs of non-profitable companies which, typically, don’t tend to make good returns for investors. Let us respect the prevailing provisions and try getting allocation within reduced quota made available for retail category.
Best Wishes 🙏

Then in such case such companies shouldn't be allow to bring their ipo unless they make such profits. This makes sense, QIB's are also human beings only... if they are intelligent, retailers are too. QIB aasmaan se to nahi tapke... unka loss ho to chalega SEBI ko ??

Well agar ipo allow kar rahe ho then should be equal opportunity for everyone. Rules shouldn't break the basic consumer rights. Equality is safeguarded by constitution of India even Sebi cant overcome that. Investor is also a consumer.

Sir aapki knowledge thodi Kam hai baato se toh asa hi lagta hai koi pade pad pr mat chale jana kisi company ya Desh k warna duba kr hi aaoge

Yes enter price manually for HNI category

Thank you sir right mark should me removed na

Yes basuvr is correct. Tick mark shld be removed and price entered manually. And remember, hni bids cannot be cancelled, they can be only revised upwards

​@Shuaibpasha Hello, Other respected members have given the response but let us understand why cutoff price is not to be ticked and entered manually.

Here is my "chhota sa" effort :

There is a rule for HNI to bid at fixed price and not at cut-off price. Manually selected maximum price and system Cut-off price need not be same. Please note, the offer price at which shares are issued to investors in an IPO is known as the cut-off price, which can be any price within the specified price band. To understand it better, let's assume price band to be 90 to 100. If company decides to issue shares to applicants say at 95, this value becomes cut-off price even though Max price in band was 100. However, HNIs will ne issued shares at fixed price chosen by them and not at cut off price by company.
Hope, it helps 🙏

​@Chhote Lal Ji, thanks for explaining.

​@Chhote Lal Thanks for your explanation.
But last time Aisa kab hua ki company has alloted shares @95, if upper limit is @100.
Is it just hypothetical.

​@RoK Thanks so much 🙏

​@IPOTraders  Ji, aapne sahi kaha. It is more of theoretical in nature. In bidding process, HNIs will bid at upper band. Explanation was to understand why cutoff price is not to be ticked in HNI applications. Thanks 🙏

​@whiteFox , Due to high PE I skipped IPO. presenting my view, welcome for comments by seniors:

I personally avoid high PE stock, even a giant like BHEL. Jyoti CNC has link with Rajkot and that is what seems to have worked. Global CNC machine tools growth is estimate to be ~5% CAGR. So naturally if PE is criteria then it looks costly.
For normal investors it will be good to wait for next share holding data release to decide. Need to see If fund houses increase stake and seeing bright future to justify high PE.

​@New learner IPO Yes, it should be availaable, but, some banks release it quite late, so it depends on different banks..

Hope this helps..

okay. Thank you @Vimal Garodia

Mostly yes, specially for retail category (where you have time till 4-5pm on last day); for HNI category to be applied on last day, you shall have funds by 2pm to be in comfort zone.

Generally UPI is unblocked early than ASBA.
Prefer UPI wherever possible to be safe.

No need to change UPI limit on our end, just apply as previously applied in retail by unchecking cutoff and enjoy bids upto 5L

​@🎁 Just For IPO 🔔 I would like to add to what @Smile has said.
Some brokers do not allow applicatiions above 2 lakhs, check with your broker first mostly they do..

Your wish tick cutoff or manually enter

​@Vansh noni IPO funding option is with Kotak Bank and not securities. This option is not working. Please search and go through comments on this topic on BLS IPO page.
🙏