Chemcon Speciality Chemicals Limited IPO Message Board (Page 23)

What happens, when we apply IPO for friends from SBI/AXIS (5 applications are allowed).
If we put the wrong Demat number of my friend?

Please reply.

App will be rejected on technical grounds.

Even applying through net banking UPI confirmation status showing as Pending need some help pls applied on 21st itself.

Ignore UPI pending message if you have applied using bank asba...

Good that QIB start applying. It will give boost of faith in this IPOs. Also European market running positive. Tomorrow hope best for nifty and IPOs subscription by QIB NII

HI,
LATEST GMP PLEASE.....
ANY EXPECTED LISTING RANGE?

Chetanji,
If you got an allotment, You can sell on listing day as RII

Anyone please reply.

.1.

Chemcon Speciality Chemicals IPO – *Market’s Current Estimates of oversubscription*:

RII = 25L Forms = 33.60X Applic. wise (Avg allotment of ~1.31 shares per lot)
NII = 18K Crs. = ~377.36X

Interest cost *@8.00%p.a.* for 7days = 52.16paise for 1X

Thus, for NII the costing = 377.36 X 52.16paise = Rs.196.85 per share (= GMP)

And, for RII the costing = 1.31 X 196.85 = Rs.258/- (= Kostak)


Chemcon Speciality Chemicals IPO – *GMP Estimated*
GMP 280 +/- 2
Kostak 350 +/- 25

Chemical IPO
GMP 280 +/- 2
Kostak 350+/- 25

*REITERATING*

Chemcon IPO

*MUST MUST MUST* apply

Please submit all retail applications ASAP
Don’t sell in Kostak | Keep 100% open

@Eagleye ji, please also post your reviews on Angel as well...eagerly waiting for that.

Why this keep open 100% and why CAMS keep open 0%
?

hey guys,
Does applying under HNI as retail investor gurantees any amount of shares or is it still lottery based?

Depends. If you apply more than minimum required than it is guaranteed else lottery. e.g. Chemcon is expected 500x so if you apply for 75 lacs you get guaranteed else lottery where allotment is much more difficult than retail lottery.

Please let me know a minor can apply this ipo from his minor pan card

Management Red Flags
In 2018 Promoters of the Chemcon speciality chemicals like
Navdeep Naresh Goyal & Minal Kamalkumar Aggarwal were involved in the unethical activities :
Insider Trading under Sec [7(2) & 6(2)] and
Takeover Resolution under Sec [29(2)]
Links : https://trendlyne.com/equity/insider-trading-sast/custom/?query=navdeep%20naresh%20goyal
https://trendlyne.com/equity/insider-trading-sast/custom/?query=Minal%20Kamal%20Aggarwal

Even Naresh Vijaykumar Goyal was charged in Corruption cases in 2018

then why it has been heavily oversubscribed by hni s?

I am trying to apply for the IPO via HDFC Netbanking but both CAMS and Chemcon are not getting displayed there. Any help on this please?

Try tomorrow after 10am. :)

Please check later tonight around 8-8:30pm, it would show. This is common problem with HDFC bank, it stops showing IPOs after 5pm for few hours.

Hi, I am new here, can anyone help :

I have created my father account in 5 Paisa, during IPO apply by UPI Mandate, can i give my UPI ID for fund blocking instead of my father bank UPI ID.

NO. DON'T!
App will be rejected OUTRIGHTLY!

Both have contradictory comment, can someone confirm who is completely sure.

In 2018 Promoters of the Chemcon speciality chemicals like
Navdeep Naresh Goyal & Minal Kamal Aggarwal were involved in the unethical activities :
Insider Trading under Sec [7(2) & 6(2)] and
Takeover Resolution under Sec [29(2)]

.
.
Chemcon Speciality Chemicals IPO – *Market’s Current Estimates of oversubscription*:

RII = 24L Forms = 32.26X Applic. wise (Avg allotment of ~1.36 shares per lot)
NII = 18K Crs. = ~377.36X

Interest cost *@8.00%p.a.* for 7days = 52.16paise for 1X

Thus, for NII the costing = 377.36 X 52.16paise = Rs.196.85 per share (= GMP)

And, for RII the costing = 1.36 X 196.85 = Rs.268/- (= Kostak)


Chemcon Speciality Chemicals IPO – *GMP Estimated*
GMP 262 +/- 2
Kostak 350 +/- 25

Motilal oswal saying that as per SEBI new rulesfor IPO in retail portion we can not apply via net banking or ASBA, as application is likely to be rejected..
While
Sharekhan saying that as per SEBI new rules for IPO in retail portion we can apply via net banking or ASBA & application will not be rejected..
Please guide whom shall I listen..

apply through asba, it's best option to apply for IPO

Net Banking ASBA is best medium to apply in an IPO for retail applicant. In SBI, you can apply for upto 5 applications for different PAN.

I have applied 7 lots for Chemcon and hope to gets at least one lot....


Thanks

CAMS APPS 8 LKH
CCON APPS 8.12 LKH
RETAIL QUOTA
Wait for NII and QIB action tomorrow..

@John ji..
U can check it on edelweiss partners site in public issues.

ankur mera schha dost hai..

Chemical IPO
GMP 260 +/- 2
Kostak 350+/- 25

Why chemcon is not getting subscription like yesterday. Because of down fall of nifty. Any guess

Jiinhe allotment lene ki jyada jaldi thi...kal lga gye....baki qib ka number aur market ki conditions dekh k kal lagayenge..

@Aman

HAHAHA, BILKUL SAHI PAKDE HAIN! xD

Hey Guys,

If invested under HNI category, say the overall IPO is over subscribed by 10 times and I bid for 2.5 lacs, I get 25k worth of shares? And I need to have 2.5 lacs in my account for it to be blocked right, its nto. loan that bank gives?

Thanks

Why there is no bidding by QIB?

they always apply on the last day of any IPO