a. Since FII are not allowed to apply, will it have any negative effect?
b. I have 2 accounts and i can put 2 lakhs in total. Any idea on how to split it between 2 accounts so that i get maximum benefit in case of 3-4 times oversubscription? Experts Please help!
465.1. Septa| Link| Bookmark|
April 7, 2016 1:00:55 AM
(4000+ Posts, 4600+ Likes)
i will putting 8 application single lot as usual most RII or all RII only apply in HNI if is below 15 times... if for some reason RII does not get over subscribed then 13 lots in all application
My reason not to apply in equitas 1 it is concentrated in tamil nadu. A strict no for me 2 it has most of loans provided to smal firms and farmers. A strict no as the money recovery could be in danger. If it wd hv concentrated on other finance or more on houaing finance I wd have given a thought 3 we all know fate of its competitor sks finance at one point it was down 1/ 3 of issue price. Anyway I dnt think there will be enougj movement on this stock on listing day.
462.1. Eagleye| Link| Bookmark|
April 7, 2016 1:30:29 AM
IPO Guru (6600+ Posts, 22000+ Likes)
Sir,
Could you please tell me what is the price to book value ratio of SKS Micro ?
Septa ji Is the allotment process in HNi category is same as retail. I.e step wise.or who so ever put high bid is given priorities. Pl throw light on this.
460.1. Septa| Link| Bookmark|
April 7, 2016 12:27:32 AM
(4000+ Posts, 4600+ Likes)
higher bids of lot higher chance of getting shares IMO if HNI is over 6 it is waste to apply if this issue goes by 100 times then 15 lakh investment will give u one lot for sure 15 lakh and 135 shares does not make sense RII is better option
http://economictimes.indiatimes.com/markets/ipos/fpos/equitas-holdings-trades-at-15-20-premium-in-grey-market/articleshow/51715466.cms Equitas Holdings trades at 15-20% premium in grey market
MUMBAI: The IPO of micro-finance company Equitas Holdings is generating huge interest among grey market operators in Gujarat and Mumbai.
The issue is quoting at 15-20% premium to the top end of its price band of Rs 109-110. To corner shares ahead of listing, grey market brokers are offering around Rs 2000 to each retail applicant who can make a minimum subscription of Rs 15,000 on the broker''s behalf.
Equitas will raise Rs 2,200 crore at the upper end of its price band and is the largest IPO since December 2012.