How to trade Career Point & Eros on listing day? Any strategy or targets from your side?? Any gains expected in First week I have not applied for Career as less funds in IPO mad rush but full lot in Eros But I would like to take exposure in Career Point
Views invited how to play these? Or they will settle cold like Bajaj Capital and others after listing itself
----------IPO LISTING--------------- INDOSOLAR LISTING 29-9,WILL OPEN 30-31, TIRUPATI INK'S LISTING ON 1-10,WILL OPEN 55 RS. EROS'S LISTING ON 4-10, WILL OPEN 220-230. CAREER POINT LISTING ON 4-10, WILL OPEN 460-480,
@ Anonymous 402 The basis of allotment depends upon the number of times the issue is finally subscribed after clearance of cheques/draft etc. For example Eros for retail portion is subscribed by 11.95 times which may come down to 11.80 after rejection of applications. Now in case where application is for Max shares (560). 560/11.8=47.45. It means 47 shares will be alloted. If final subscription comes between 11.55 to 11.78 then 48 shares will be alloted. Those who applied for 440 or less will get 40 shares and that too after lottery in each category as explained @ 399. This is the only way the basis of allotment is decided decided
It doesn't work that way. There is a specific logic which is defined for allotment which is called the basis of allotment. It depends on many other factors as well. get your facts straight, man.
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@Anonymous 396 395 is not misguiding. He is correct. The issue is subscribed almost 12 times (11.95) the chances of 393 to get allotment is 1/12. Those who applied for 80ES the chances to get allotment is 2/12=1/6 and who applied for 120ES the chances are 3/12=1/4 and so on. The confirmed allotment will be for those who applied for 12 or more times i.e 480 or 520 or max 560 ES. They may get 41, 44 and 47 ES of EROS Int Media, respectively
comment 393: 3/4 of 40 shares means 30 Shares. Looking at 6,645,569 shares of retails investor, 11.95 times of 6,645,569. I don't see any possibility of allocation. The price fixed in 168