all banks are not bloking od account for asba, in hdfc and south indian banks only principal or first applicant can block the amount in his /her name only.
Dear Friends, I forgot to mention one more thing, Even the FCH issue Lead manager was enam. Even for Future venture is enam, One of the third class lead manager which havent given any profit to investor from 2008 (Reliance Power). Enam only know how to fool investor and make good commission from it.
Dear Friends: Again a Bad Issue from the Future Group, As of now no Future group has not given any profit to the investor. The IPO of FCH hit market on Jan 2008 at a price of Rs 765/- current price is Rs 175/- Loss of Rs 590 per share. So now the promoter are thinking that pricing of Future Venture to keep at par only to fool investor again. Where the track record of the group is negative why to invest in the same group. PLease avoid this issue or only apply if you sell ur application in grey mkt.
Dear Fools broker, Tommorow it will cross 1.5 time in retail .Big issues do not cross 1 time on 1st day.Only rubbish small Issues cross 1 time becos retail investors are given incentives.
Gane - I have funds to apply full in only 2 IPOs. I am definitley going for Muthoot (and definitely not going for Future Ventures). Will decide on the second IPO based on the pricing band.
Again so many IPOs in same time. It just remains me of last year when around 13 IPOs hitted the market in approximately 2 weeks time. As of now, I will apply only in innoventive and Muthoot that too after seeing QIBs response.
In others, may be if it is known about some operators play prior to IPO close, I will go for just 1 lot. I will wait for other expert boarders suggestion as well.
Future Ventures, a unit of the Future Group which runs the country's top listed retailer Pantaloon Retail, said on Tuesday it has set a price band of 10-11 rupees a share for its planned 7.5 billion rupee initial public offering of shares.
The issue will open on April 25 and close on April 27 for qualified institutional bidders and on April 28 for retail and non-institutional bidders the firm said in a newspaper advertisement.
The company invests in businesses which are strategically important to the group's retail business. It plans to use a large part of the funds for acquiring new businesses while a small part of the proceeds will be used to grow the existing businesses.
Enam Securities, JM Financial, Kotak Mahindra Capital are the book running lead managers to the issue.