Engineers India Ltd FPO Message Board (Page 33)

365 cmahira that was a wonderful poem.

who is the poet?

how can i see whether EIL FPO share is credited in my demat account or not?

sell eil share on 13aug bindas because setelment of share on 17 aug so no need to worry.

dusaro ko ulu banane vale khud ulu hote he
allotment abhi nahi aayaa he!!!!!!!!!!!!!!

what are the probablities that i get allotment of eil i have bid at cut off only one lot

hi frens ! wish u all the very best fotr the allocation ! wen will the share be credited in my a/c !

dear sreedhar,u have not considered ..ASBA.. in your calculation,...for full application one will not get more than ..115.. shares ...

@DJ IPO

how u got it?? allotment is not yet done

To 339. GULIBLE INVESTOR,

Allotment will be out by 9th or at any case by 10th. As per SEBI shares have to be listed within 12 days from the date of closure of the issue. As the issue was closed on 30th July, eventhough it is FPO (i.e. shares are already traded in market) people should be able to get the allotment credited to the demat account by 11th Aug. According to the date of allotment mentioned above you will receive the refund within 1 week of the allotment.

Reg the Prakash steel IPO, as per the interview of MD with CNBC TV18 if the company can achieve the guidance they have given, it looks worth to buy. But further analysis needs to be done to check the past performance of the company. Grade 2 rating is assigned... to this IPO which indicates the fundamentals of this company are average....

BJ,
NMDC Was & is still overpriced.NTPC is at more than fair valuations,SJVN is also at its deserved valuations.Is Govt. still supporting REC?Engineers India is in a niche segment of its own & has got lots of expertise in its domain.With Oil set to cross 100 sooner than later Oil & Gas sector will only look up.With excellent fundamentals EIL does not need support of any mutual fund.Did it cross more than 20 times in QIB on support of LIC & SBI?Regarding coal India govt should not have any worries if it is priced right.China's agricultural bank's more than $19 billion ipo was eaily subscribed.So World's largest coal miner which has the largest reserves of coal & has cash reserves of more than 36000 Crores need not strive hard for over subscription.I had said from begining of EIL issue that its fair value is 335-340 & it will stay there & may inch once selling pressure subsides.
We should look at Govt. Issues on case by case basis.

Dear Sreedhar,

How many shares we may get for full application? What is the price for retailers after discount?

I expect it to hold 320. Its June quarter result is OK, not robust. Profit margin falling since few quarters & it has fallen in June quarter also. It is due to diversification (new palyer in relatively new sectors & has to compromise its margin)- good news for long-term investors & bad news for short-term investors.

348. sreedhar ,
I understand its 2 months away and I also understand govt has other things to do, but i believe there are no other psu IPOs/FPOs in next 2 months.So govt has to make sure retail folks have a very good experience with EIL,this is how retail would get interest in investing in COAL india ipo.
Its around 14K crore..humongous !!!
You must be aware that it was LIC who helped govt to sail thru NMDC etc..without its help all these public offers would have bombed...

sreedhar, thanks for the information you take so much pain for other retail investors also.

Dear friends,
allotment is on 10th,basis is on 9th.10th is confirm as per link people.So that was the reason people were forced to cover their short positions at the time of close.On monday share is expected

Dear Sreedhar,
I also shorted today and came out with minimum losses. I think we can do it more successfully on Monday. In my opinion the shares will come to our account only on Wednesday.

BJ,

SOMEONE/SOMETHING IS SUPPORTING THE PRICES FOR SURE, OTHERWISE IT SHOULD HAVE GONE TO 310-15 , TO KEEP IT ABOVE 330 SUPPORT FROM STRONG HANDS REQUIRE.....

Any chance of allotment for 2 lots at cut-off. And what listing gains are expected.

BJ,
Fair value of EIL is 335-340.Govt has other things to do rather than asking LIC to support EIL.Coal India IPO is more than 2 1/2 months away.In order to support Coal India it has already done the sensible thing which was to price the IPO at 290.

I don't think shorting is a good option...I am sure govt would have deployed LIC to make sure price does not fall below 330...govt wants to make sure that retail gets max profit... they want retail support for coal india ipo to sail thru....

Hello All

IF EIL FPO is listed on 16th of Aug .Will the price of EIL will go back to 290 and start increasing from there?