Fino Payments Bank Limited IPO Message Board (Page 7)

Also, when will the amount be credited to bank account for the accepted shares??

Already credited in bank ac on 13th.

@Ashish Khater
ER is computed on number of shares on record date. On tendering number of shares exactly as per ER it gets accepted in toto 100%. For Example in this case for 850 shares on record date entitlement of 111 shares at @13% gets accepted as far one submits 111 or more.

AR is derived from after allocating untendered remaining shares in the quota reserved for those holding below Rs. 200000/- on record date. After accepting all shares tendered by shareholders as per ER, remaining shares are accepted as additional shares in proportion to shares submitted , but not exceeding total shares on record date. Actually acceptance ratio = entitlement ratio+ additional acceptance ratio on extra shares. In here 27.6=13+14.60 approximate.

In your example after accepting 111 shares , a maximum of 108 shares @0.146 of remaining 739 shares as on record date (850-111=739) can be accepted subject to your tendering. This would have been 219 of 850 @ 26% . But, if one tenders less at 400 , then it is about 155 (158 on exact calculation) (400-111=289 @0.146 +111) got accepted. Figures may not exactly match due to decimals that are considered till last digits. In reality for you AR is 158 out of 400 @39.5% as ER on 850 and extra AR on rest.

It is better to tender entire quantity as on record date. Else AR is always considered in an order with 100% ER first and extra acceptance followed by extra shares tendered subject to holdings on record date.

AR is higher due to several shareholders with less than Rs.200000/- not tendering due to ignorance this method.AR also increases if share price closes with buy back price wherein shareholders do not tender on expectation of market price exceeding buy back price.

PS: Buy back benefits are diminishing with more and more shareholders buying in hoards before record date to be in less than 200000/- category ...

Hope this gives a good idea

Thank you so much for the detailed reply. Got it now. Can you please guide where i can raise my issue of not getting money into my bank account for the accepted shares??

Ashish ji,

First you check the balance amount of your Trading account. Some times buyback amount is credited there also.
Otherwise you can mail with full detail like DEMET ACCOUNT NO, PAN, NO OF SHARES TENDERED/ACCEPTED to -

1. investors@starcement.co.in
2. mdpldc@yahoo.com

You will definitely get yourmoney within week.

Thanks.

Kamma sir
Fino payment k page par Dussehra ka badhai sandesh ??
KHUJLI gang kavi v active ho sakta hai.
Bach k sir ji
Anyway
Happy Vijayadasmi to u and your family.

why people not understanding that registrar have nothing to do with allotment it all depends on luck people keep repeating same line everytime registrar linkintime hai to allotment nahi milega aur milega to cartrade jaise me milega

Rightly said param

Sir Its Not About Allotment

Monopoly For Registrar

Expect Fino Bank Rest All IPO Are linkintime

1000 is far away...let it cross it''s 52 week high price 860 rs first since just today it has moved in so many days....
Cartrade after showing some move again hovering around 1400 from many days.

CarTrade showed some support at 1400+ then moved back again.

I think CarTrade will again go up because volume is not supporting fall. It will going down with less volume. I guess it''s a jerk to throw out more weak hand before it starts upward journey again.
Experts views are welcomed 🙏🏻

Jethalal no expectations from Cartrade ..proved to be a 3rd class IPO

@Have faith: i am with you, cartrade broke our trust and testing our patience :(
Surprisingly, all recent ipo''s didnt performed in last 2-3 weeks duration where nifty rallied around 1K points....sansera/aptus/nuvovo/devyani/vijaya/gls/cartrade/ami-organics....

@ lokes

Is this discussion is relevant to IPO?

@lokes Ami already got doubled from its ipo price ...so we can''t say about AMI and yes all other you mentioned totally underperformed ...even cartrade and aptus are below issue price

In devyani daily Delivery percentage is very high but share is daily going down by .5 paise or 1 rupee or remains flats ...any reason ??

@Sangwan yes very much relevant ....

@Sangwan

Yes very much relevant to ipo .....

@have faith: ya you are correct that ami organics doubled but soon after the ipo price, i was just mentioning in recent 2-3 weeks, all these ipos didnt performed well. ya still its on huge profit but surely remaining are laggards.

@sangwan: this discussion is regarding to some recent mainboard ipo which is not running now and over....and buyback page is still running and active....so dont try to compare different things......just by pointing to these other discussions, we cant justify that buyback discussions are right on mainboard ipo.
And before giving logic that buybacks pages are not active and no one posting there, everyone needs to understand that whoever is posting here is also from that "no one", so simply someone needs to start the discussions there and then those pages will also become happening and lively.

@ Sangwan,
Sorry to say, you may dont understand the spirit of @lokes message earlier and try to target him.

Even this dicussion not relevant to the current running IPO, its any way earlier main board IPO discussion. Its very important for people to share their inputs here, take some guidances from experts.

I hope you may understand @lokes true intentions.

Thanks

@ipobull,
I second your opinion.
(my personal opinion is that ''Sansera'' will easily cross 1000, those who have patience to wait for this year end.)

thanks

Have Faith ji have some faith in your investment if you have CarTrade. Recent shareholding pattern clearly indicates that institution lapped this share with fall and only retailers exited. Retail shareholding decreased from 18% to 14%.
Market is little skeptical of its result and noise of competition everyday but this market (2nd hand car) is so big that there is enough growth for everyone.
Delivery % is suggesting that shares are accumulated before it runs again and hopefully it will run rapidly post quarter result.
There is no return without risk and those have ability to take risk will only rewarded handsomely.

As expected,
Rishiroop is moving towards its buyback price.

Thanks.

Aniket ji,

I believe that Rishiroop joins R Systems to benefit the investors, unlike Star Cements. I think Investors are not happy with the Star Cements, irrespective of the reasons. Sir, I believe that the AR of Gandhi Special Tubes is not bad, though not encouraging. I am eagerly n hopefully waiting for the outcome of the buyback of Eclerx, Goldiam International and Nucleus Software. Thank you.

Aniket sir How are you doing?
Any short to medium bet in secondary market? is it right time to enter HDFC AMC, IGL/ Gujarat gas and Aptus ? Your views on Heranba and Sansera is intact?
Your suggestions are always valuable and beneficial for members in this forum.

Aniket ji,

Thank you very much for your kind n encouraging words. I once again thank you very much from the bottom of my heart for your kindness in sparing your precious time n sharing your valuable views, which ultimately helps in learning n earning in this regard. Thank you.

@Aniketiaf sir,
Good to see u sir after long time.
I hope u & ur family will be fine.

Jetha Lal ji,
Yes! I am bullish on Sansera and Heranba for medium term for a target of 1000+
I think, Motilal oswal fs and Cams are better choice than Hdfc amc at present.

For medium to long term, Hdfc life, kirlosker eng, kscl, TN petro can also be considered.

Thanks.

KAMMA SIVA RAMA KRISHNA ji & JIgar A ji,
Thank you very much for your kind words.

Aniket Sir, Im stuck with India pesticides at 350. Can I average it here? Please share your views sir.

@ Aniketiaf,
When will the AR be out for Star Cement ? Will the money against the accepted shares credit directly to our bank account?

i heard AR in star cement is around 27.60% is it right???

Good Samaritan,
There is no harm to add few IPL around 300 for 6/9 months.

Thanks

HSM
YES , AR of star cement is 27.6%.
( Expecting around 40% )
AR of Gandhi tubes is around 33.5 %

Thanks.

Very disappointing by only 27.60% AR
I have 1000 shares@114 per shares or upar se abhi 107 pe CMP he or badhne ka koi chance nahi lagta

@Aniketiaf Thank you kindly sir. Have a nice day!

Hi Aniket ji

Is it good to buy star cement at CMP of 106 for a period of 1 or 2 months?
As the buyback price is 150 and CMP is 106, stock will move upwards?

Sleepy,
In place of 1 or 2 months, it can be purchased for 4/6 months. A 10-15% profit should must be there.

Good night.

THANKS

@Jigar ji - What does this statement mean - All Eligible holder''''s single share will be accepted

@Jigar: you got some mail regarding buyback ? i didnt got any maill till now

@NITEENIPO, It means if anyone have 1 share of eclerx before record date, his 1 share will be accepted in buyback.
@lokes sir, This information is true, I got news. But I not received email. Hope receive email before tender opening date.

Thanks

Jigar A ji,

Thank you very much for your kind information. As Aniket ji mentioned, good AR is expected. All the best to you. Thank you.

@KAMMA.... sir,
I Thanking u also for ur kind buyback info.
& good to see u Aniketiaf sir after 2 to 3 week.

Nykaa
normal 600/-
Subject 5555/-

Policy
Normal 300/-
Subject 2525/-