Engineers India Ltd FPO Message Board (Page 7)

771. sreedhar Aug 11, 2010 3:16:28 PM IST Report Spam
Friends,spoke to lin intime.They are asking to check the demat accounts after 1100 am tomorrow.

ihave applied for 200 shares of EIL please tell how much shares i got in ollotmet

There is huge quantity of EIL shares lined up for Auction today at both NSE and BSE. Around 90% of brokers are defaulters in EIL so they cannot participate in the Auction. There is fear of Close Out in Auction Today. Close Out price will be around 400, 20% above yesterday's closing. Share prices bound to move down today as lot of people have taken + position yesterday on anticipation of todays auction at higher price. HUGE manipulation from the Registrar and Operators in this share. Small Investors beware.

you can sell alloted shares only after 16 th aug. according to nse side.

@Sreedhar whats your view on SKS Microfinance ?

i have been alloted around 180 shares in sks.
i m hoping a price of around 1000-1050, thats enough for me.
but surely it can go below 950 and above 1100

i think we will get a chance to sale around 320.
i still did not find any shares in my deemats out of 850 odd alloted to me.
my dp indiabulls updates holding around 8:30 am i m hoping to find at that time as other people are seeing shares in their deemat.

Dear Sreedhar,
I have 119 in the ICICIdirect account. If those sold on Monday go to auction then I have 118 in one and 54 in the other left. The strategy I posted yesterday are for these only. I now feel I should have sold those sold on Monday again yesterday when the price was 335. It is now late and I will buy some when the price comes down when the market opens.

Dear Natarajan,
Congrats.So how many shares of EIL you are left with?

At last...... At long last...... ICICIDirect is showing the EIL shares in the demat account! Oh God! I have never seen such a delay and such tension and discussion between basis of allotment and crediting the allotted shares in the demat account!

Sreedhar,

I appreciate your expertise and honesty.In share market itz very common to loose money and not everybody can balance their emotions in such circumstances.Comments on you were just poured out from such imbalance.Plz ignore such comments and keep sharing your valuable opinions

FOR SKS IPO,,,hey guys it will list btween 1140 to 1195 ,,,,remembar care fully wat i say,,in sakar market premium around 120rs buyers,,,,they said it will list around 1155....lets see

Kakaji,
I never said I am an expert & have shared the information which I had gathered by making STD Calls to Intime spectrum & waiting for long periods in phone queue.
Below is complete record of my posts pertaining to EIL
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213. sreedhar Aug 11, 2010 6:40:35 PM IST Report
gem,
What is your strategy for EIL?I have sold off 2 applications today at 335 as global markets are a bit nervous.Still left with 6 applications.Good thing about EIL is that from monday onwards more than 80 Lakhs of IPO allotment have been sold off.All weak hands have got out.Out of 160 Lakh shares alloted to HNI & retail 80 Lakh have been sold off.Flippers in retail have already flipped out.Now mostly about 20 to 30 Lakh shares will be sold tomorrow. remaining will be long term .After that selling pressure will subside.Only worry is global markets.If they hold out 350 is within reach.Going by Jai ho to bolo tara tara from several boarders it seems most of our boarders have sold out.Thats a great news for long term guys.Today also people were selling at 310,I do not know why?Anyhow auction on friday will be there for people who sold on monday,so I will wait till then.EIL price may jump abruptly on Friday afternnon.
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649. sreedhar Aug 10, 2010 10:38:36 PM IST Report Spam
Dear friends,
Those who have sold today will mostly be safe so do not worry.I had sold NMDC on allotment day & was fine.The fact that we have received refund for physical application supports my statement.Already half the people who have got allotment have sold out so those people who have not sold can wait for good price if Indian markets hold in this range.Yesterday also volume was heavy.So tomorrow If EIL opens at lower price below 310 one can easily buy.
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201. sreedhar Aug 10, 2010 10:24:52 PM IST Report Spam!
Dear GEM,
As infd basis was on 9th & allotment completed today.Shares will be definitely credited to demat tomorrow as I have also received my refund for physical application.Below is excerpt from my bank account.Got in some 118 & 119 in some.
---------------------------------------------------------- Sr.No Date Description* Cr/Dr Amount
1 10/08/2010 CMS/000021375320/ EIL - IPO - 43734444 CR INR 65,815.50
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I will not sell any of my shares just now.I reiterate my fair value of EIL is 335 & only if it crosses 335,I will sell half of my holdings.In NSE out of 40 lakh shares traded about 50 percent were marked for delivery.That means 20 Lakh.Considering BSE volume which was 20 Lakh ,we can assume 10 Lakh as marked for delivery.That means 30 Lakh alloted shares have been already sold.I expect Total sales to be 60-70 Lakhs from IPO.So tomorrow or max on thursday selling will be dried up as QIB portion was subscribed almost entirely by long only funds
& no way they will be selling.The fact that people were buying at 320 means steam is still left in EIL.
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405. sreedhar Aug 09, 2010 9:37:58 AM IST Report Spam
Dear Natarajan,
Do not short EIL.It should settle around 330 post listing.Tomorrow is the allotment so its better to sell tomorrow if you want to get out of EIL.Last time I sold NMDC on allotment date.
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352. sreedhar Aug 06, 2010 4:58:21 PM IST Report Spam
Dear friends,
allotment is on 10th,basis is on 9th.10th is confirm as per link people
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So Kakaji tell me in which message I have told about shares being credited to demat account only on evening of friday.

I had clearly mentioned about 5 crucial points in EIL
1)On Natarajan's query whether to sell shares on Monday I said do not sell on monday.
2)I had clearly mentioned that those people who sold on Tuesday need not worry .Even though I did not post a message every 1 hour comforting people I clearly asked poeple who have sold on Tuesday not to worry.
3)On 10th evening I asked people to buy at 310.If they bought at 310 they would have made lot of profit.
4)Finally I said I will sell my shares only at 335 & true to my word I sold at 335 on 11.08.10.
I practised what I preached & made cool 7K per application.

It is extremely difficult for anyone to get all his calls right but whatever I posted on EIL has come true.
I do not care what people like you think & ignore such messages but just wanted to show how puerile you are.

Engineers India will surpris everyone tommorrow it will definetly close above 350 on closing.
In morning it might be down but short sellers will be trapped again. those who have sold shares will cry and trying to spread rumours to try buying at lower price but they will be hugely disappointed.

look today yesterday closing price 317 today opened at 307 and closed at 330.

the price will defintely touch 400 in 1 week. hold on to it

dear 852 bolo tara.....

i just checked my demat account and i am pleasantly surprised to see shares. 2-3 hours back there was no allotment. i sold my one loy yesterday @ 317 and one lot today @ 327. your messages increased my moral and helped me to take decision to sell my shares today. when everyone was asking that shares will come after friday, u were the only one who talked logical and given us correct information.

your news that shares will come either today eve or thursday morning was perfectly correct and i am very much happy that shares are creidted today night. generally shares are credited in morning but your news was right that we will get shares today evening.

i am giving you this message just to encourage you to give this type of valuable news intime to us.

thanks once again

Hi, I am watching this forum regularly. I recently started trading with less investments. I applied my 1st IPO in EIL for 20 shares. Till now I didn't received in my demat. Mine is ICICI demat. Shall I get that shares or not? Pls advice me.
Thanks.

in jaipur grey market seller @ 315. no buyer. main to so called CHITTORGARH ke so called experts ke views sun sun kar loot gaya. yeh share to kal 310 ke neeche aa jayega. 1-2 logon ko chod kar sabne yehi kaha ki share friday ko aayenge. marwa diya.

yaaro knowlege nahi ho to please tukka mat maara karo. aadhe se jyada expert to yanhan lallo hai. khali phalatoo gappe likhate hain.

please only give information if it is correct.

and SHREEDHAR BHAI, main aap ki respect karta hoon, par aap ne bhi yehi bola ki share friday sham tak aayega jabki share to aaj hi aa gaye. ab grey baazar ke hisab se share kal 315 ke neeche khulega. yaar jis cheez ka pata nahin ho wanhan bhi expert banane ki koshish kyon karte ho.

NSE Announcement Aug 11, 2010 19:12 hours
Members of the Exchange are hereby requested to note the following regarding the offer for sale of 3,36,93,660 equity shares of Rs.5/- each of Engineers India Limited by the President of India : 'The Depositories (NSDL and CDSL) have informed the Exchange that credits to the respective accounts have been carried out'.

I have been allotted 20 shares of EIL. Can I sell all shares tomorrow?

LIC,
please save me tomorrow....please make sure price does not fall below 325.