Bajaj Corp Limited IPO Message Board (Page 16)

ritesh,can tell us how many shares has been alloted..

Allotment out also money credited in A/c....... in Icici....

ASBA - Amount released plz check fro Bajaj corp

Money Debited --23 shares for full app....

Allotted 23 shares for full application. Money got debited from ICICI bank account.

Bajaj Shares allotment done. Just now money got debited from ICICI a/c

The shares to be allotted for the full application will be around 24-26 .

How many shares can be expected to get alloted for the full application in bajaj corp ipo? when is the allotment expected?

Thanks.
Gane.

Allocation will be done on 16th Aug and company will list on 19th Aug as per normal 2 weeks norm.
Shares will be credited on 18th evening or 19th Morning.

2100 rs. full application, only buyer

Only Buyers.... No sellres in G.M

Ravi, Bangalore,
Pls advice whether to sell EIL immidiately/on listing or hold for 2/3 days?

bajaj corp latest gmp full application ahmedabad 1800-1900 mumbai 1600-1700 jaypur 1900-2000 date-10/08/2010 >10:30 am

gmo in bhuj 1750-1800

BAJAJ CORP PREMIUM SHOOTS UPTO 90 RS WITH VERY FEW SELLERS
Successful IPOs lead to grey market premium on retail shares
Press Trust of India / Mumbai August 08, 2010, 15:27 IST

Better-than-expected performance of recent public offerings has evoked a flurry of activity on Dalal Street, albeit behind the scenes, as a number of shares allotted to retail investors are being sold in advance at a premium as high as Rs 90 a piece, industry sources said.

These off-market deals, known as 'Grey Market Premium' among the investing community and viewed as a sign of market prosperity, are done on the expectations that the shares would out-perform their IPO prices when listed on the market, the sources told PTI here.
According to a source who works with Institutional sales division of an FII, as on August 3, the premium offered on the shares of FMCG major Bajaj Corps Ltd was huge, in the range of Rs 85-90. The price band for the issue was Rs 630-660 and it was oversubscribed 19.29 times.

The shares of SKS Micro Finance were offered a premium of Rs 63-65, while shares of State-run Engineers India (EIL) were offered Rs 9-10 premium per share, he said.

Similarly, shares of Midfiled Industries attracted Rs 18-20 above the issue price, while those of Prakash Steelage were offered Rs 3-4 above the issue price.

"Some Institutions and Ultra HNIs are buying these shares at such higher premiums, expecting that these shares will out perform the IPO price band plus the premium they have paid," a top official of a broking firm said.

These buyers think that the value of certain stocks is more than the issue price. So, they start collecting them even before they are allocated by the issue registrar through IPO allotment process, or before the shares are on the stock market, the official said while explaining the modus operandi.

It is mostly brokers who act as middlemen of these grey market deals, as they have the direct knowledge of their clients who apply for such public offers.

In every initial public offer/follow-on public offer (IPO/FPO), the retail buyers take a financial risk as the shares may list below the issue price. When they are offered a premium, most of them normally encash the opportunity.

The middle men may get a commission of 2-2.5 per cent of the premium on an upper side, he said.

On the other hand, sometimes there are more middle men involved and not all know to whom the shares are being sold.

"I have got an offer to arrange 3,000 shares from the retail subscribers of SKS through another broker. The premium offered on SKS was Rs 63," a medium level broker who did not wish to be named told PTI.

238,Venugopal,
Its not a hard and fast rule that discount should be given to retail.By the way, most of the IPOs which gave discount to retail have done badly.
It just turns out to be a gimmick and retail guys get stuck.

Bajaj Corp IPO doesnt seem to give the 5% discount for Retail shareholders. All recent IPOs gave this comfort.Can someone find out why Bajaj corp is getting away without this discount and why SEBI is allowing them?

I DON'T KNOW WHETHER IT IS F.V.Rs.5

I THOUGHT ITS F.V.IS Rs.10

THEN IT IS SO COSTLY

I AM GOING TO ***************

************************* STOP PAYMENT MY CHEQUE
***************************************************

very high listing gains and long term games .........BOL BUM

bajaj corp 1800-1900 (full application)