Dear active members, I have 3 queries about CCD IPO. We 3 friends have applied for 6 lots in total. 1) Will we get full allotment against the number of shares applied? 2) I have seen that most of you feel that CCD will list below the allotment price, if this is the case, what should be our strategy. 3) In case, if it lists at a premium price, what should be done. Hold or exit>
If you have subscribed at cutoff price you will get full allotment otherwise it depends on the price you have subscribed and the final price decided by CCD for the IPO. Listing price is a guessing game, you have stay invested for long term.
Stay invested . no one is expert here. People just write what they feel to. Same people said bad about prabhat dairy and manpasand beverages but both stocks arebtrading at premium. You will get full allotement. Wait for the listing day.
177.3. sugreev| Link| Bookmark|
October 19, 2015 11:44:55 AM
Top Contributor (200+ Posts, 200+ Likes)
No expert predicts correctly even 51% of all their predictions!!!!! So all are opinions which may or may not be correct. You read the comments, form your own opinion and act accordingly. Then wait for the results....
1. Yes, since this is undersubscribed in all categories except for institutional, there will be full allotment.
2. I can''t comments on discount (I personally feel not in discount!)
3. this is going to be more of a consumer discretionary play, I would expect this to be highly visible space, being a big float issue, this would be volume trading counter and wouldn''t be surprised, within few months, may even make into F&O list. My personal view is partial liquidation, reduce your average holding price to anything about 225-250 level and then enjoy the ride over the years. few of you will realise jublient food story, it would be worth seeing JFL past 5 yrs price movement history and if any thing can be deduced from it - reduce your holding cost and RIDE!
Thank you so much for your valuable and practical suggestions.
177.6. Chem cho| Link| Bookmark|
October 20, 2015 9:11:44 PM
IPO Guru (2600+ Posts, 2700+ Likes)
STILL YOU CAN WITHDRAW APPLICATION OF CCD BY SENDING EMAIL OF SCAN COPY OF WITHDRAWAL LETTER TO REGISTER OF IPO NAME PAN NUMBER AND DEMAT NUMBER EMAIL AND THEN LETTR BY POST AS THEIR DEMAND
TO Link Intime India Private Ltd Link Intime India Private Ltd, C-13 Pannalal Silk Mills Compound, LBS Marg, Bhandup West, Mumbai 400078 EMAIL ccd.ipo@linkintime.co
Hi, I applied through transferring money to my Motilal Demat account. I want to cancel my application. Is that something possible now? Can someone pls help me as to what needs to be done now? Regards Swati
174.1. PSR| Link| Bookmark|
October 18, 2015 10:54:35 AM
IPO Guru (1300+ Posts, 700+ Likes)
YES. You will have to intimate to Registrar of the issue, of your intention to withdraw the application, before the finalization of the Basis of Allotment with the following details:
Name : PAN: Application No: Date of application: Applied through (incase of ASBA): No. of Shares applied for : Bid made at Rs: Total amount paid/allowed to be blocked :
You will have send the letter by FAX or E-Mail a scanned copy. Thereafter send the letter either by speed post or Regd.Post.
what was the application size? and how much time you could wait?
why I am asking is, unless you have put all the money you had in this issue, there may not be a need to worry a lot, ideally you would see a reasonable listing, much less selling pressure on day-1 so you would not be trapped in this issue for life!
CCD likely listing will be on 28 or 29 Oct, and the IndoGo issue would still be open on that day, a bad listing on issue closing day or major IPO would not go very well, hence I believe this is going to be a good listing,
bottomline - you may want to reconsider your decision to withdraw from CCD!
I HAVE STOPPED PAYMENT FOR 6 APP. FULL. CHANCES OF SELLING BY FII AS A PART OF YEAR ENDING. IT FII WILL START THEIR SELLING IN OCTOBER, NO CHANCES FOR CCD SHARES EVEN AT ISSUE PRICE. I THINK FII WILL NET SELLER AND MARKET SENTIMENT WILL WORST AT CCD LISTING TIME. I THINK CCD WILL LIST AROUND 250-270
Mr Arjunsinh your analysis is almost 10000% wrong. In Indian stock market history, December tends to be positive returns more often than not. And there is no history of FII being strong net seller in November - December period. Most often they are net buyers. In last 10-15 years, maybe 2/3 times they would have been net sellers.
Infact market will keepon momentum slowly and slowly after 24 sep big fall.usually july to dec period is the best period for profits.if u recall 2008 falling stats immdiately after jan and market crashed.
• 21 January, 2008 - This day marked the highest fall in the history of Sensex as it declined 1,408 points on the back of investors selling owing to fears about fears that the US may be headed for a recession. • 24 October, 2008 - Markets declined 1070 points to close at 8701 points as the RBI left key interest rates unchanged and lower the GDP target to 7-5 percent for 2008-09. • 17 March, 2008 - The Sensex crashed 951 points to close at 14,809 points on concerns about global markets. • 3 March, 2008 - Major sell off by funds, budget related concerns and fears about the US heading for a recession led to a 900 points in Sensex to 16,677 points. • 22 January, 2008 - Sensex declined by 875 points to close at 16,729 points. Trading was suspended for an hour at the BSE as crashed by 10 percent. •6th July, 2009 - The BSE Sensex fell by 870 points to close at 14,043 points on concerns over the high fiscal deficit by the Union Budget. •11th Feb, 2008 - Sensex declined by 833 points to close at 16,630.9 points. •18th May, 2006 - Massive sell off by FIIs, retail investors and an overall weak global sentiment led to a 826 point fall in the Sensex, which closed at 11,391 points. •10th Oct, 2008 - Sensex closed at 10,527.85 points, lower by 800 points. •13th Mar, 2008 - The BSE Sensex declined by 770 points to close at 15,357 points.
FII NEVER SELLER SALEING PRESSER ALWAYS FROM RETAIL AND HNI IT IS GOOD THAT IT IS UNDER SUBSCRIBE MANY LIKE YOU START WITHDRAWING APPLICATION SO NO SELLING PRESSER ON DAY OF LISTING FII ARE LONG TERM INVESTER AND ON FIRST DAY IF THEY BUY NO SELLER AND IT WILL LIST AT PREMIUM WAIT FOR DAY OR TWO AFTER LIST AS FII START BUYING IT WILL GO UP
has your view changed from 6 applications (i.e bullish view) to absolute negative overnight? if your logic of FII pulling is true was this not a risk wen you applied for 6 applications?
you seem to have acted on panic due to retail segment under subscription!
They have a good business model, there should breakeven in near future. Look at their turnover, its almost 25000 crores, and loss is just 5% which they should be able to overcome in future quarters.
Also they have fixed income from all IT MNCs where they have vending machines setup in almost every floor in pantry. They also have setup outlets in almost all malls as well as in IT Campus in bangalore as well as gurgoan as well as other retail outlets in major places in different states.
Now that indigo IPO has turned out to be dampener issue. This issue will definitely list at premium.
FII and Corporates had "ZERO" subscription for this IPO. Not even a single share applied for. Its only retail investors (less than and more than 2L category) which applied along with some Domestic MF, Insurance companies which applied. Not a chance... for premium.
Vivi please get your facts right. FII were the largest applier for CCD. Go to exchange website and see for yourself before making such stupid statements.
@ vivi - I wish you had applied some intelligence. Check NSE website again. Total QIB demand was 23.1 million shares, of which FII demand was 15.7 million shares. Is it a mistake on your part or are you plain stupid? http://www.nseindia.com/products/content/equities/ipos/ipo_current_ccd.htm
@Roadside Romeo - Looking at the table 1(a) FIIs portion as 0, which means they havent subscribed. Can you please tell which line item (Sr.No) in the table you are referring to?
I m a new investor..i applied for 2 lot..can i know in how many days the allotment will be done and listing will take place..and can we sell the share either at nse or at bse?
Pinkyji what about your views on Indigo ipo few days back. Apply Karo dil khol ke Apply Karo Munaff kamao I suggest you to provide your views once you have all information about ipo, company, ipo price band etc. Good analysts always provide views once they have all information. Also good analysts always stick to their opinion till end. They are not changing their statements daily. See the previous ipo views of Roadside Romeoji, Uchit Patel, Dilip Dawdaji, Shreedharji etc.
Looking at subscription it is not at all bad. infact it garnered 2000 crore.
it is stil a good long term growth story. middle class is growing. Foreign investors like these consumption story and cofee beverage it should always have higher growth percentage than starbucks. good management and good gwith in coming years would certainly drive this stock. although i missed the cahnce to apply in this ipo. i still feel it wil reach above 400 in 3-4 months of listing.
remember such stocks always give your return(food and beverage) and infact indigo(airline stock) should always be ignored as you never know when indigo wil start going into losses just like waht happened to Jet Airways.look at jet airways, kingfisher and spicejet. they have shown profits before listing and become duds after listing
and look at tata beverage,jubiliant foodworks,these stocks are always investor friendly
i will buy in secondary market for Cafe Coffee day and will give indigo a miss.
One intresting thing is that FIIs stayed away from this IPO. Normally those IPOs which attract FIIs attention have fared well. So have to see how this one lists..
I don''t think discount brokers like zerodha gives facility to apply to IPOs. Don''t know about Indian trading league though... I suggest you to choose a 3 in 1 account brokers like kotak or icici and apply by ASBA method online..
Romeo, I hav applied for 13 lots but unfortunately my application not accepted caof cheqie they told cheqie is not CTS. It is bcoz of negligence of broker Karvy Stock Broking. They didn''t told before reciving application. The older method of applyng ipo through online was better, this new method ASBA is complicated. I want to change broker, is there any broker who give good service, & charge very less brokerage, no hidden charges.
I would always suggest using any reputed broker with good online platform like ICICI, HDFC, Kotak, IIFL etc. Applying online is easy using just 2-3 clicks and everything is automated. Remember basic economics if you can do any task in a more efficient manner, it improves your own productivity and you can the extra effort in doing something else.
165.3. Chem cho| Link| Bookmark|
October 17, 2015 7:32:51 AM
IPO Guru (2600+ Posts, 2700+ Likes)
NOW you can apply through all banks you need to have an demat account , bank site like SBI (very good) click e service and , go to ipo link apply , ANDRA BANK BANK OF INDIA , IDBI BANK , ALL NATIOLISED BANK have opened site for IPO application , in fact after 1 jan 16 you will have to go through bank site , for HDFC BANK ICICI BANK you need to have trading account
Just to clarify all the doubts on pricing and how much will someone get:- #1 cut off price is decide one or two days Asher IPO close #2 Any application whether it is retail or HNI or QIB, will be REJECTED if it is below cut off price. #3 There is no rule that cut off has to be lower band since retail had less than 1 time demand. Company can decide any price within the band. #4 If you bid at 328 and cut off is 322, you still get the shares at 322.
164.3. Septa| Link| Bookmark|
October 17, 2015 12:49:37 AM
(4000+ Posts, 4600+ Likes)
Just get back on floor price: just read the red herring it states floor price should be informed before the issue date correct me if I am wrong
This is got from red herring which is as follows:
The price discovery is a function of demand at various prices. The highest price at which the Issuer is able to Issue the desired number of Equity Shares is the price at which the book cuts off, i.e., `22.00 in the above example. The Issuer, in consultation with the GCBRLMs and the BRLMs, may finalise the Issue Price at or below such Cut-Off Price, i.e., at or below `22.00. All Bids at or above this Issue Price and cut-off Bids are valid Bids and are considered for allocation in the respective categories. (e) Alternate Method of Book Building In case of FPOs, Issuers may opt for an alternate method of Book Building in which only the Floor Price is specified for the purposes of bidding (“Alternate Book Building Process”). The Issuer may specify the Floor Price in the RHP or advertise the Floor Price at least one Working Day prior to the Bid/ Issue Opening Date. QIBs may Bid at a price higher than the Floor Price and the Allotment to the QIBs is made on a price priority basis. The Bidder with the highest Bid Amount is allotted the number of Equity Shares Bid for and then the second highest Bidder is Allotted Equity Shares and this process continues until all the Equity Shares have been allotted. RIIs, NIIs and Employees are Allotted Equity Shares at the Floor Price and allotment to these categories of Bidders is made proportionately. If the number of Equity Shares Bid for at a price is more than available quantity then the allotment may be done on a proportionate basis. Further, the Issuer may place a cap either in terms of number of specified securities or percentage of issued capital of the Issuer that may be allotted to a single Bidder, decide whether a Bidder be allowed to revise the bid upwards or downwards in terms of price and/ or quantity and also decide whether a Bidder be allowed single or multiple bid
From this info my understanding is that since retail is not 100% subscription the issue price should be 316
Correct or wrong
164.4. Septa| Link| Bookmark|
October 17, 2015 12:54:07 AM
(4000+ Posts, 4600+ Likes)
Also we really do not know at what price QIB have applied...they could have applied to at 316 anyway just want to know how is the process so it will help all of us thank you in advance
Pls check bid demand graph and details. Maximum bids, including retail, are at cut-off and not hard price bids. Which means that issuer is free to decide any price between 316 - 328. If CCD decides on 322, then anyone with hard price bid below that will be rejected.
Almost all IPOs follow normal book-building and not the alternate book building.
IndiGo airline IPO price band at 700-765 rupees - sources
«Business
Fri Oct 16, 2015 8:15pm IST
image MUMBAI (Reuters) - The operator of top Indian airline IndiGo has the indicative price band for its initial public offering of shares at between 700 rupees ($10.83)and 765 rupees ($11.83) apiece, three sources directly involved in the transaction said.
At the top end of the price band, the offering by InterGlobe Aviation Ltd will raise as much as $510 million and value the company at about $4.2 billion, said the sources, who declined to be named as the information is not public yet.
The low-cost airline''s IPO will open on Oct. 27 and close on Oct. 29, according to the company''s share sale prospectus issued on Friday. The portion for IPO cornerstone investors will open on Oct. 26, said the sources.
A spokeswoman for IndiGo did not immediately respond to a request for comment.
($1 = 64.6650 Indian rupees)
(Reporting by Sumeet Chatterjee, editing by David Evans)
CCD over now indigo Air from what available in market indigo is looking at valuation of 15500 to 25000crs depend on who you ask net profit 1150.... so the lower the valuation promoters put better will be for investor let see what valuation...
Very happy to see the response from Retail Investor. A loss making company should be priced as a loss making company not like a big brand. Kyuki Kingfisher bhi kabhi $1 Billion ka brand tha. Lolz :)