Credit access Garmin, Sandhya marine, Atria convergence approved by SEBI.
45. Aniketiaf| Link| Bookmark|
June 18, 2018 5:31:30 PM
IPO Guru (1800+ Posts, 10200+ Likes)
Further Fund Offer (FFO) of BHARAT 22 ETF. FFO PERIOD Anchor investors Jun 19, 2018 Non-anchor investors Jun 20-22, 2018 NFO PERIOD. Jun 19-22, 2018 Demat account holders can invest directly in the Further Fund Offer of BHARAT 22 ETF (An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index). Non-demat account holders can now invest in New Fund Offer (NFO) of ICICI Prudential BHARAT 22 FOF (An open-ended fund of funds scheme investing in BHARAT 22 ETF). (2.5 % discount in FFO.)
44. Aniketiaf| Link| Bookmark|
June 18, 2018 5:25:40 PM
IPO Guru (1800+ Posts, 10200+ Likes)
Gmp of Fine Organic is 45-48 Gmp of Rites is 38-40.
Just now I downloaded the application form of Rites Limited and Fine Organic Ltd. from the site of B.S.E. I saw that only 240 forms of Fine Organic Limited have been downloaded where the Rites Limited more than one lakh forms have been downloaded, I guess it That Rites Limited will be subscribed more than 10 times, while It is doubtful to subscribe 1x to Fine Organic Limited
41.1. ????| Link| Bookmark|
June 18, 2018 9:02:24 AM
(1300+ Posts, 3200+ Likes)
GMP only 45 All fake gmp experts who are posting from other fake sites will surely disappear after listing or from friday itself the last day of application????
Average cost of acquisition of shares by the promoters is Rs. 0.69, Rs. 0.74, Rs. 0.76, Rs. 0.79, Rs. 0.83 and Rs. 1.53 per share. (Read Dilip sir Review). They are pocketing really HUGE GAINS. Co. is claiming to be on aggressive expansion spree, opening up new facilities and stuff. Then why is it a complete OFS when there's so much growth? Also, co. won't any amount from the ipo, then the possibility of raising of debt can not be ruled out.
Average cost of acquisition doesn't matter because it is held with promoters who established the company 48 years ago. If you start a company today then what will be your cost of acquisition of shares in your company? It will be face value; and over the years when the company grows exceptionally then per share value also increases. You start a company with a face value of Rs 10 cost of acquisition Rs 10 and after 50 years with 10% CAGR growth your share is valued at Rs 1176. So if you want to come up with an IPO in 2068 then you may Price your issue at Rs 1176 with average cost of acquisition at Rs 10
Any subdivision of shares or bonus issue etc further reduces the average cost of acquisition technically in proportionate ratio
Future Growth is already priced in hence promoters and or relatives are cashing out 25% of total o/s shares as per SEBI rule. They are actually getting the price of future growth. Company has a good track record of reducing debt. Money for future expansion will come 35% from internal accruals and 65% from debt
40.4. dpcdsl| Link| Bookmark|
June 16, 2018 9:23:45 PM
Top Contributor (400+ Posts, 200+ Likes)
Correct. Listing is possible only on dilution of 25% promoters stake to public. They are doing it.