Galaxy Surfactants Limited IPO Message Board (Page 27)

Galaxy Surfactants Limited IPO
Final Subscription Figures as on Last Day @ 02:10 PM
QIB (NSE+BSE) = 7.13X + 21.57X = 28.70X.
HNI (NSE+BSE) = 0.33X + 0.35X = 0.68X.
RII (NSE+BSE) = 1.24X + 2.99X = 4.23X.
Total (NSE+BSE) = 2.73X + 7.73X = 10.46X.

@KING VINOD friends You apply or not?

Apollo@360

*GALAXY SURFACTANTS LTD IPO*
*FINAL DAY SUBS.FIGURE AT 02:00 P.M.*
QIB 25.38X**
NII 0.66X
RII 4.15X
TOTAL 9.47X
**Excluding Anchor
Total No.of FORMS : 7,75,226
*Apps Wise : 3.50X*

Now it seems that HNI/NII will not come

Without HNI, IPO is like daal without salt.
No jhus.

Yes, if there is bull run, everything will be green. Even a lazy laggard will move. Many unknown names of stocks in market come up, making heads turn. IPOs are going ahead because of the greenery support. IMO, not "just" because of fundas.

In red market, if the market falls, even Lions and Elephants become tortoises, and big names become laggard. IPOs are not an exception.

Its not a warning, just my view. Markets are filled with domestic money, domestic mutual fund support, and by our own people''s money. Its not like in 2008 crash where the FIIs ran away and the market fell. The attention has shifted by Institutions (mutual funds) towards few index stocks, Now, some midcaps ran 2 times, some 4 times, some even 10 times. But going with the trend, I am just dust in the wind. What if the mutual funds also want to sit on cash? I have to keep going with the trend, and I too have to protect capital.

I am not applying hence in this IPO giving the benefit of the doubt to negativities. If at all its a good sector, will buy after listing and after budget.

Right point mention here.. once market start towards South side our own people and mutual funds will stop Sip and start redeem it.. Redemption pressure will force MF to sell stock even though blue chip companies. No new differentiators.. In 2008 it was FII and this time our own MF.

AT 2.10PM
QIB 28 TIMES

@KING VINOD friends
Subscripatin data???

Those who want to withdraw their applications
The Nifty index was working around 10600 when the Galaxy IPO took place.
(Still above that too much)
Budget is to be read tomorrow, keeping in view the upcoming elections, people will be made lucrative
If the effect of the budget is negative, then the next 2 to 3 trading sessions will end.
After that the market will determine its direction accordingly
The IPO does not have much impact on the market anyway
The company''s fundamentals are good
Then think again once you have withdrawn your application.

Amber''s listing was not great which was anticipated earlier in the range of 1315-1350.

My expectation was above 1250
Even then, it was trade on till the evening

Galaxy Surfactants Ltd. IPO
Subscription figures(BSE+NSE)
on last day @1:40 pm:
QIB - 23.89X **
HNI - 0.64X
Retail - 4.08X
Total - 9.01X
**Excluding Anchors
More action after 2pm. Apply for some listing gain as well as short to long term. Total 2,21,608 lots of 10 shares each are available for allotment in retail category so apply single lot @ cutoff. I have already applied single lot @cutoff and hoping for allotment.

Can I apply for this IPO for only 10% listing gain.
I will sale on listing date so please suggest.

Nifty broke 11000 which was major support for Nifty.. If you can take risk of - 10% then should go ahead.

Small and New Investors seeking listing gains are Requested to withdraw their applications. Subscription figures are not that attractive. Can list below price if something goes wrong in budget. And otherwise as well as the demand is less.
I have not applied

DEAR FRIENDS PLS LOOK STRONG ANCHOR LIST ON BSE THAN THINK ABOUT INVESTMENT I APPLIED WITH FULL FORCE NOT FOR LISTING GAIN PURPOSE OF INVESTMENT

GALAXY GMP DOWN TO RS. 50-55. IN JAIPUR. EQUILANT TO NOTHING

While it may be good to have an free and fair audit of the allotment process but there is another perspective to allotment issue.

One year back we used to have 6-7 lakhs applicant in most of the IPOs and now close to 15 lakhs. To wash their hands in flowing river, people have open demat account not only for their own family members but also in the name of their colony members, dhobi, maid servants etc etc etc.

Some in this forum itself indicated that he had made close to 60 applicants. So with this kind of increase in applications, the allotment ratio is going to be very poor in specially in good and small IPOs.

you cant deny awareness among salaried people and access to online trading and investing in IPO through ASBA else normally salaried people dont get time for these activites.

@ Shivajee

80-90% of the total IPO applicants do not pay STCG. 40-50% of those are actually liable to pay but either they do not know that or despite knowing they just don''t want to pay.

Disc: These nos are based on my interactions with relevant investors/traders/flippers in various forum so they may not be exact but they still are good enough to give an idea of the nos without exaggeration.

*GALAXY SURFACTANTS LTD IPO*
*FINAL DAY SUBS.FIGURE AT 01:40 P.M.*
QIB 23.89X**
NII 0.64X
RII 4.08X
TOTAL 9.00X
**Excluding Anchor
Total No.of FORMS : 7,61,039
*Apps Wise : 3.43X*

current subcription figure

http://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_new.aspx?Scripcode=3599 linkk for BSE

Galaxy Surfactants Limited IPO
Final Subscription Figures as on Last Day @ 01:20 PM
QIB (NSE+BSE) = 3.85X + 20.04X = 23.89X.
HNI (NSE+BSE) = 0.30X + 0.31X = 0.61X.
RII (NSE+BSE) = 1.12X + 2.82X = 3.94X.
Total (NSE+BSE) = 1.72X + 7.20X = 8.92X.

please share d info link.

@ King Vinod.
QIB highly subscribed but no HNI.
What is your opinion on it?

AT 1.20PM
QIB 23
HNI 0.61
RETAIL 3.93
TOTAL 8.68 TIMES
RETAIL APPLICATION WISE 3.31 TIMES

Mates, rather than point fingers please try to study the process minutely.
you will find the exchanges has beeen running the lottery for SME stocks ( NSE ) they do it via a pre defined algo''s for processing by masking the identity and then making a random generation for retail based applicants. BSE ( SME ) not sure if somebody knows please tell ( I am sure for SME''s they must be following the same process. Now question remains on the Main board IPO''s can they apply the same ie ( via exchange ? ) though i am sure they must be following up all the compliance norms and submitting them to exchange too. but you never know the trick .. I am sure merchants bankers must be making a way out there .. with registrars. they simply cant be contended with the fee based model. its a jungle and money eats money.

@KING VINOD friends
What your view on Galaxy surfacatants?

As of now No but will Take a call based on Figures at 2pm

I am waiting your call after 2 pm.
If you apply then please call.
Please

AT 1.16 PM
QIB 20.5 TIMES
IT SEEMS QIB FIGURE WILL CROSS 30 TIMES, HENCE WE CAN APPLY. HNI WILL COME BETWEEN 3 TO 4 PM