Electrosteel Integrated Ltd IPO Message Board (Page 20)

What about gallant ispat ???
Should we apply or not ?

181. Anonymous,

Can you provide the link where we can see the exact figures of updation.

sorry sj bhai ..
wasn't online yesterday after 6.
So couldn't update.
Aise i din not apply for Ramky. Itna kuch hai ki paise hi nahi bache.
Planning to apply full in Va tech and Tech pro and probably some in cantabil based on subscription.

At 12 PM

QIB 5.85x
NII 1.27x
RII 1x

Overall 3.94

SEBI to review IPO guidelines after OCT. So 2 lacs limit goes into dustbin for the time being.

retail got subscribed fully. expected to be 4-5 times on the whole.

Ram Hyd

retail got subscribed fully. expected to be 4-5 times on the whole.

looks like there is a severe shortage of funds for the ipo's. since eros, career, and microsec, have almost suck the liquidity from retailer's. so it is wise to apply one or two lots in each ipo. VA tech, tecpro, ashoka,electrosteel & cantabil(may be 4-6lots for firm allotment)even orient for that matter. to be safe.......

Regards,
Ram hyd

0.71 at cut-off nse+bse

Yaar I don't have any 1st hand exp about high bidding and less discovery cos I always go for cut-off or price at lower bid or multiple bid. Sorry if I was wrong about refund though rest everything is correct upto my knowledge.

Sorry again.

AryanRajs comment is not correct. Even when we bid at cutoff and price discovered is lower, we will get shares at lower price. Refund will also be received. Jaypee Infratech had applied and got the refund as well as the shares at lower price. Also Electrosteel the risk of loss is lower sinc close to issue price and if subscription is low, price would be discovered at Rs 10. Hence lets apply. Rs 1 likely opening premium.

good allotment on full application and even a 10 % listing gain means good overall return in absolute value terms, better than all IPO's other where allotment will be very less)

looks like a dark horse

0.3862 retail at BSE

4.22 times at nse bse overall. ( 11 am nse+12pm bse)

Retail oversubscription ??

Retail oversubscription ??

Retail oversubscription ??

In grey market , lot of activity in this stock. I am sure it will give good returns to investors in IPO and also in long term its very good bet .

Hi aryan,

sorry to interupt, but as far as i know, if anyone bid at a higher band & price is decided at a lower band, he will get allotment of shares at the price decided & the extra money will be refunded. however if any one bid at a price lower than the price finally decided, his bid will be rejected. this is applicable for all the 3 categories (qib, hni & rii).
Bidding at cut-off means you are not participating in the bidding process but giving your consent to buy shares at whatever price is decided. hence this option is only available to retailers. since they have limited resources (max. 1 lac per application) in financial & research terms.

hope the same

I seriously doubt aRYANrAJ's claims that if you bid at higher price band you will not get refund of difference amount. Although i don't have any personal experience regarding the same but this doesn't seems logical.

Very good info aRYANrAJ

Even after investing in stock market for last 6 years, I wasn ot aware of this info :)

Thanks again!

~R

NSE+BSE @ 11

.76 overall

.23 cut-off

164. Anonymous Bidding at high price ends carry risk if price discovered is at lower end or anywhere between lower and upper band. Suppose we take example of Orient Green, You bid at 55 and price is discovered at 47, you'll get shares but no refund.

At cut-off the company gives you power to bid for discovered price but you'll be charged at highest bidding amount initially. When price is found and if it is lower, you'll get refund of amount. Say you bidding Electrosteel at cut off you'll be charged at 11x600 = 6600 and price is discovered at 10, 600 will be refunded to you.

When bidderss are not so excited in retail, you can use peice bid but when there is huge chance of application or shares are offered less like career point was a small issue, bid at cut-off. Example of price bid can be ramky which was .99, NMDC which was .22 only. Tecpro or Ashoka will have huge buildup in retail so you should bid at cut-off.

At high end you become liable to pay all money even price found is less and cut-off give you gurantee of refund if price is less.