Campus Activewear Limited IPO Message Board (Page 40)

Bro whats this gmp please explain

If the IPO is oversubscribed in Retail Category, say by 5 times, it means, no matter if you apply for 1 lot or 13 lots, all Retail Applications are considered same and 1 out of every 5 applications is selected for the allotment.
So it is possible that someone who applied by just 1 application gets allotment, and other person, who applied by 5 applications gets no allotment.

So there is no logic behind 1 application or 5 application. But yes, more applications you apply (with different PAN numbers), more probability of allotment is there.

Also, if one sees that in HNI category, subscription status is less compared to RII and the investor has money (say 5L), then he can apply from HNI category, because in case of HNI, allotment logic is different.
in HNI category, if the over subscription is say 10x, and an investor applies for 50 lots (50x15K=Rs7.5L application), then he will surely get 50/10=5 lots.
But there are few drawbacks of HNI applications like:
Time limit is 3PM to 3:30PM (from Bank side) of last day, compared to 5PM in case of RII.
One can apply in HNI category only thru Net Banking website of the bank.
HNI Applications, once submitted, cant be withdrawn OR modified (number of demanded shares cant be reduced).
Otherwise HNI applications are same as RII applications in following aspects:
Application Money is blocked in the bank account in ABSA form, like RII.
Allotment happens at the same time like RII.
Amount is withdrawn / released in similar way like RII.
No Lockin period on shares like RII investors.

Yes, as per RHP Procurement and Raw Materials details, PVC leather and PU leather cloth they used. I am not sure whether they are pure leather or not.

"Our primary raw materials include sole, fabric, chemicals and adhesives, laminated fabric, ethylene-vinyl acetate
(“EVA”), box, insole and others such as PVC compound, PVC leather cloth, PU leather cloth and outer cartons."

PVC and PU leather both are artificial leather and made from fabric and other plastic chemicals, Sorry not sure about animal leather they used or not.

एनिमल लैदर मतलब सूअर की चमड़ी?

@ tholiya,
Why do you take chances since you are a jain? Please stay away from this IPO even though this IPO will be a bumper.

thats very immature, not going for a blockbuster IPO only coz company is dealing in shoes, and one is Jain.

P Tholiya is right according to his culture and ethics, I admire him. You may get so many opportunities to make money. I know a very renowned Stock market advisor, being a Jain, he neither deals with nor recommends this type of any stocks.
Nothing wrong.

When in doubt, avoid.

@Avenue,
@Noorul is back and already replied in LeMerite Exports page (thread # 66.5) and hopefully @spock also will be back

Thanks

Great to know...👍

As per my understanding.. this is the totally a new era of ipo specially from hni point of view. Lower category of hni will get 14-15 lots and I m expecting flood of applications in this category.. allotment going to b tough here.. anybody will take 14-15 lots of an average ipo with both the hands..

The upper category of hni is a kind of high risk high reward category. Main game will b play here.. Applying for 10 lakh shares and getting a allotment of 10 lakh shares both are very different things.. In other words this category will give you shares worth rs 10 lakh at ones and that can reward you 2-3 lakh in one week and on other hand can snatch it too.

I also believe now we cannot jump in any ipo completely on gmp basis. becaz hni cost was one of the strong parameter of gmp and with this new rules, hni cost now become a chapter of history. So i guess gmp now can ditch us anytime..

Second thing is that no matter how solid company fundamentals are and how highly a ipo subscribe. Element of risk are always there.. becaz stock markets are slave to international and geo political events. One bad news and bannggg.. you will see a negative listing even on over hyped ipo. Sbi card was one of example. So the point is one should jump on upper hni category only if his pocket won't mind loosing 1- 2 lakh loss in single trade.

Initially I guess upper hni category won't gonna subscribed that much ... becoz people would like to observe the output of first 3-5 ipos only as a spectator. Later this will get more attention as people will get more courage with time.

Above is my own perception. Feel free to ignore.

@noorul. Wlcm back. As I read from other forum members (akhil ipo, hospacker), 10 lakh bhni applicant will be alotted only 2 lakh worth share in case of oversubcription.. so not much risk for 2 lakh worth of share.
Risk for them is if big hni subscription goes less than 1x, say 0.5x , then applicant will get 5 lakh worth share. This case is only possible in case of poor ipos. For this campus good ipo, both shni and bhni should see more than 5x subs easily and both end up in lottery. So even if an applicant will apply 10 lakh bhni, he may end up with 0 allotment and no firm allotment.
This new process of subs impacts funded and big hnis like mravi sir, anantagg as they wont get firm allotment even for 10 lakh application. Small hnis overall should be more benefitted as they can consider all 3- retail, shni, bhni based on subs seen. Retails are most benefitted as they can now try their luck in shni lottery for good ipos.
Overall more lottery based subs will end up opening more dmats for multiple pan applications.
Gmp - no hni cost based gmp for sure. But " subject to" should replace gmp and would indicate demand in grey market.

@ snipper.. for a moment lets we all assume that your above statement is correct related to allotment of worth 2lk securities in both hni category ( small and big).

But a question arrise why there is different gmp showing for both the category. Perhaps you also noticed that many forum members here post it.
10 lakh application gmp is almost 3 times of 2lakh application. Ideally this should not b the case becaz we are getting same number of lots as u said.

@ Boom.. yes

Chandkheda. R u also from ahmedabad?

Me Maninagar se hi Wishal Bhai🙂

Dear,

if you are looking for firm allotment and the fund is not an issue then go for a 10+ HNI application, if your application is selected in the case draw of lots scenario then you will get 2 lacs worth of shares allotment. But if the draw of lots is not a scenario then you will get more shares proportionally. So I request you take chance accordingly.

HNI application 2-10 lacs is like a Railway 3-tier AC class waiting list, most people will not get a berth. The retail general category will be better than this. (just an example and not want to give the wrong impression here, please related it with a good gesture)

I either will prefer the retail category or the 10+ lacs HNI category.

Thank you,

@eva Is it confirmed that in case of over subscription in 10L plus category on getting lucky we will be allotted 2Lacs worth of shares and not 10L worth...
I'm happy to apply in 10L category but I don't wish to buy worth 10L.
Please if you can guide. Thanks

4 (b) Mentioned that Allotment of securities in case of NII category shall be on 'draw of lots' like RIIs.

Draw of lots to allot minimum application size to applicants.

And 4 (a) Part is talking about allocation ( Reservation) within NII category .

So be clear about point 4(a) and point 4 (b).

Minimum Application size for NIIs is 14 lots and it is not based on 2lakh+ or 10 Lakh+. ( Combined and known as NIIs.)