Oversubscription data at 4.15pm today is as follows. Retail Category at cut-off: 3.45 times Overall : 12.27 times All Others : 16.27 times (includes FII's,HNI's,NII's, corporates etc)
Please note : Retail at cut off will be overstated to the extent of employee subscription as they have a reservation for 1.0 lakh shares and they are also allowed to bid at cutoff. Hence retail subscription cannot be given exactly and exact oversubscription can be known only at the end of the when authorities compile and declare the data. I am getting this data from official websites of BSE and NSE.
Oversubscription data at 4.00pm today is as follows. Retail Category at cut-off: 3.27times Overall : 11.50 times All Others : 15.14 times (includes FII's,HNI's,NII's, corporates etc)
Hi All, Highly speculative.Known Only in Bangalore and Mysore.Not having good land bank.Will buy land from IPO proceeds at current land prices which are already high.After that it will get only conversion charges.Not having own constructing or civil works dvn.Will lose that margin by giving work to outside contractors.Shobha does everything in house and known for quality in BLR, not Brigade.There is a shortage of contractors and good workmen/civil engineers in the market due to boom in the sector.Quality cannot be demanded and enforced to stick to deadlines given to homeowners for delivery of apartments. Glut in Bangalore market particularly at Whitefield where IT companies are located.Thousands of aprtmnts lying vacant as banks are going slow in giving home loans and the interest rates have also gone up making monthly instalments higher.Speculative buying of aprtmnts which was very prevalent in BLR has almost stopped.Techies in their euphoria were booking 2nd and 3rd aprtmnts thinking that in 6 months the demand will grow and they could sell at a premium of Rs 200 to Rs 300 per sq ft by booking with nominal amount.All that has stopped and prices are falling.Only those who want to have their own apartmnt to stay are coming forward to buy in Bangalore.Competition is hotting up for selling in BLR.One builder ORANGE is advertising in Times Of India, that he will give away a Santro car for booking an aprtmnt costing only Rs 20 lakhs!!!Times of India which brings out property supplement in BLR every friday, has 6 to 8 pages full of ads from builders trying to catch the eye of a buyer.It is so crowded and competitive for real estate selling now. Husband and wife company owning the entire shares till now.Kitchen cabinet dictates to Mr Ravishankar who has married out of his religion for love.She is the behind the scenes controller.No great management team.High priced because of the current craze in the market. Do not apply heavy but small apps just to be in the market for fun.
Oversubscription data at 3.40pm today is as follows. Retail Category at cut-off: 2.78 times Overall : 11.12 times All Others : 14.75 times (includes FII's,HNI's,NII's, corporates etc)
Please note : Retail at cut off will be overstated to the extent of employee subscription as they have a reservation for 1.0 lakh shares and they are also allowed to bid at cutoff. Hence retail subscription cannot be given exactly and exact oversubscription can be known only at the end of the when authorities compile and declare the data. I am getting this data from official websites of BSE and NSE.
Oversubscription data at 3.05pm today is as follows. Retail Category at cut-off: 1.89 times Overall : 11.36 times All Others : 15.35 times (includes FII's,HNI's,NII's, corporates etc)
Please note : Retail at cut off will be overstated to the extent of employee subscription as they have a reservation for 1.0 lakh shares and they are also allowed to bid at cutoff. Hence retail subscription cannot be given exactly and exact oversubscription can be known only at the end of the when authorities compile and declare the data. I am getting this data from official websites of BSE and NSE.
There are some msgs asking for my opinion on feasibility of applying for this issue. Please note investment in stock market carries risk and hence individuals have to decide by themselves based on thier own risk taking ability, thier invesment goals such as 1)Whether they are investing for long term 2)Whether they are looking for listing gains 3)Whether they are looking for short term invesment etc. Hence I am unable to provide any opinion on whether application should be made or not.
Its a big issue and 8 times oversubscription is not something to be ignored keeping in mind the good reputation of the company. It is expected to list like Kolte Patil's issue.
Oversubscription data at 2.45pm today is as follows. Retail Category at cut-off: 1.89 times Overall :9.64 times All Others : 13.05 times (includes FII's,HNI's,NII's, corporates etc)
Please note : Retail at cut off will be overstated to the extent of employee subscription as they have a reservation for 1.0 lakh shares and they are also allowed to bid at cutoff. Hence retail subscription cannot be given exactly and exact oversubscription can be known only at the end of the when authorities compile and declare the data. I am getting this data from official websites of BSE and NSE.
over all 6.93 times till 1.00 pm. retail subscribed nearly 1 time. so not bad by the end of day it will come to nearly 10-12 times... so hurry and apply