AuBank IPO is the best learning experience I had...:)
7. DSR Jul 11, 2017 7:03:49 PM IST
Au Financiers (India) Limited IPO The current bullish trend in share market is not because of any significant growth in company''''s fundamentals. It is just the investors money pumped into the market FIIs etc.
I wonder how sustainable this trend is. AU Bank should not be trading at high values so soon. one should be cautious and track the stock regularly.
18. DSR Jul 19, 2017 4:13:45 PM IST
Au Financiers (India) Limited IPO At what price should this stock be accumulated again. I intend to buy this again but not sure what should be the right price. 540-550...??
26. DSR Aug 4, 2017 4:56:50 PM IST
Au Financiers (India) Limited IPO This is still inflated. wait for market correction.. This stock will go down to 450
819.3. Khemka| Link| Bookmark|
August 7, 2017 11:19:11 AM
(1000+ Posts, 400+ Likes)
But market still not corrected near 10100 and ausmall corrected to 496
819.4. Dot| Link| Bookmark|
August 7, 2017 11:37:49 AM
(200+ Posts, 100+ Likes)
operator @ his BEST....
fundamental ki ma ki aankh
819.5. gamble| Link| Bookmark|
August 7, 2017 11:40:01 AM
(1600+ Posts, 3900+ Likes)
No operator only funda works.. .it has fair value near 496..!!
Beware..... People who are applying in the DMAT''s of Friends and relatives.... Give it a thought about the Income Tax. Everything is monitored, if you are not showing this in your ITR, you are going to face consequences.
Do not worry. Just transfer the alloted shares in friends\family accounts & then sell. It does not matter. And file ITR2 if you wish to show capital gain.
815.4. Huzefa| Link| Bookmark|
August 7, 2017 6:56:26 PM
Top Contributor (300+ Posts, 200+ Likes)
Best is to keep your shares for 1 year either in your family or friends account or in your account and then sell it. Then no issue of taxation as long term capital gains from Stock market is totally tax free. Also you will get much more in capital appreciation after 1 year as against selling immediately on listing or after few days.
In such a case Dmat account holders are liable to pay tax. If Dmat account holders do not have total income (Inclusive of capital gain) exceeding basic exemption limit i.e 250000 need not to worry. But those who are liable to pay tax should disclose the capital gain in their IT return.
Off market transfer of shares is also a taxable event. In fact it would attract normal tax rates as against concessional tax rate of 15% applicable in case of a transaction through Recognized Stock Exchange
@Huzefa long term capital gains after 1 year period is applicable for purchase of shares where STT is deducted. IPO allotment and ESOPs does not attract STT, so it will be taxable even if you sell after 1 year. Any CA in this forum can correct me if I am wrong..
2017 Budget brought a new rule to claim any profit earned by selling a security asset is considered capital gain at current rate, gains from transactions in shares held for less than 12 months are considered as short-term capital gains and are subject to a 15 per cent levy only if the transaction had paid The securities transaction tax. If not the capital gains will be consider like other assets...however some transaction will be exempted.
NOW WHAT HAVE TO OFFLINE TRANSFER DP SLIP TRANSFER
So selling share of unlisted company offline for consideration or gift as you will not pay the STT while selling the shares off-market, the LTCG resulting from sale of shares held for more than 12 months from date of acquisition shall be taxable at a flat rate of 20.6%. Additionally, if your total taxable income during the financial year 2013-14 exceeds Rs.1 crore, you will have to pay suri.e. 20%).
Alternatively, if the shares are listed and you are still selling it off-market, the LTCG could be taxed at the rate of 10.3% plus applicable surcharge.
The LTCG could be claimed as exempt from tax by investing in prescribed investment avenues, i.e., a residential apartment or specified bonds, subject to the fulfilment of conditions specified under the domestic tax law.
814. Virat singh| Link| Bookmark|
August 7, 2017 9:42:37 PM
Top Contributor (300+ Posts, 200+ Likes)
Bhai logon koi ye bataeyya ki maine 2 lots ke liye apply kia n paisa bhi 2 lots ka hi block hua hain par bse se jo mail aayi usme 1 lot ke liye hi apply dikha raha hain n maine offline apply kia hain kya bse ne galti se kia hain ye msg
Question on Minor account, if anyone knows please suggest on this: Is Prostock the only firm which opens Minor account? Should I have Bank account in the name of minor?
Yes you are right.Open the bank account in the name of minor.In this account internet banking will not be available but you can do the transactions through cheque.
1. Minor should have PAN Card 2. SB account in the name of minor required with father or mother as natural guardian. 3. Adhar Card of minor 4. Adhar Card of natural guardian. Open a basic demat service account with a broker.
You can transfer the shares my filling Delivery Instruction Slip and submitting to your broker. Since you are transferring shares, it will be treated as off market selling or a gift to the recepient. Pls be aware of income tax implications.
mem apne broker se baat kariye .. wo apki achchhi tarah see madat karenge ..... mujhe malum hai tb tak aapke kisi aur broker ke waha demat a/c hai to us mai to transfer hote hai .... call kar ke poochh lijiye mem
apne broker se baat kariye .. wo apki achchhi tarah see madat karenge ..... mujhe malum hai tb tak aapke kisi aur broker ke waha demat a/c hai to us mai to transfer hote hai ....
Somebody plz answer I have applied for nine lots(total270). What would be my confirm allotment, if any. If not confirm then what r the chances? Thank you
You will get 1 definitely and if you are lucky then may be 1 more lot. Bcz in retail the over subscription is 7 times. So for every 7 application, you will get 1 .. for rest up to your luck. But in the end, luck matters a lot here.
805.5. PSR| Link| Bookmark|
August 7, 2017 9:44:55 AM
IPO Guru (1200+ Posts, 700+ Likes)
Is Mr.. prangyavit Sahu (794.4) is correct?
I am of the opinion that there is no special treatment for the persons who have applied for more shares (of the value below Rs. 2 Lakh), and the probability is same for all RIIs , irrespective of the number of lots applied for.
805.6. juju| Link| Bookmark|
August 7, 2017 9:54:31 AM
(300+ Posts, 300+ Likes)
Sahu ji please don''t mind but you are mistaken here.
Guys,, If you are rectifying me in case I am doing mistake it''s all right. but I did a simple calculation that''s all. After allocation, I can confirm this right or wrong.. BCZ I applied 8 lots and 11 lots from two different accounts. Lets wait
805.8. R R Patel| Link| Bookmark|
August 7, 2017 1:33:28 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Please read my message no. 804 below you will get the answer.
You may get one lot or none, it does not matter how many lots you have applied for on your pan No. Allotment will be done on draw basis and every retail applicants will get one lot first, after that if some share left out draw will be repeated for another lot. I came to know about the procedure during HUDCO IPO. For HUDCO I applied 16 lots got none and for CDSL I applied for only one and got that.
I have applied for 15 lots but on bse status check it is showing only one lot..... Please suggest what can be done (except praying)..... Who is responsible for this mistake....