General Insurance Corporation of India IPO Message Board (Page 4)

May i request everyone to Post comment on NLC only in NLC page and not at GIC space.
If NLC space is not created request admin to add a separate page for NLC. It will be handy for all.

I thank the boarders who have responded to my msg. Pl check with your broker or other experts for the correctness or otherwise of I have mentioned in my post. I arrived at the figure of the cut off price only from the data available at BSE and NSE Sites which any body else also can cross check.

NLC OFS. Cut off price 95.90. Full allotment for bids above 95.95 and partial for bid at 95.90.
No allotment for bids at cut off as allocation methodology is price priority basis.

U r wrong... Nlc ofs price for Retail category is 95.8 Not 95.9..Pls check

T Ramasamy

Bidders who apply at CUT OFF in an OFS, do get partial allotment based on cumulative demand.

They won''t get full allotment as the bid is below clearing price but they will get partially which will be informed by broker.

NLC OFS:

Small investors tapped in operators game. Operators took price more than 102 and succeeded to keep price more than 100 - 101 until OFS close time 2:30 PM. Many investors bought shares from open market at 100 or more. At the end after 3-00 PM operators took price to 96 -97. Closing price is 96.65.

Uchit ji.. I apply Nlc ofs in 95.8 rate.. Qty 500 .. But I have received only 115 share.. This is possible...

Yes. You are on border. They don''t have much shares left at 95.80 so they allocate you partially. You will always get full on clearing price +0.05.

Uchit/Gamble and other organizations experts please suggest on short term future of GIC?

NLC

Be caution before buying NLC from open market today.

Today operators are playing big game in NLC OFC. This is small size ofc. They can play game easily. They take price high around 100. They are selling in intraday at high price 100 or more. Because of high price, high volume small investors are also buying from market at high price. Now after 2-30 pm as soon as OFS time is close they will take price to lower 96 and 97. Then they will buy from market and settle their intraday position. Small investors will be tapped with high price in this game.

Uchit ji , floor price is 94 ,how could oparetor traped retailers ,not clear ,

Perfect guess!

I applied for this NLC OFS....Please reply for the below points.

1) I see the subscription is 2.9 times the Total issue. And I see there are many bids placed below 94.6. Will all those bids get rejected?

2) Can we expect these shares to be allocated by EOD and trading from tomorrow like in NTPC?

3) Please suggest the strategy to sell the NLC OFS allocated shares on day1. Should we book profit if it open @ 92.5?

Thanks

Gic price is tapering down. Imo, good to exit.

Last 10 IPO performance
===================

8 of last 10 IPO failed to cross listing day high

2 IPOs which given gains after listing day high
--------------------------------------------- Issue price ------ Listing day high ---------- New High
ICICI Lombard Gen. Insurance ------- 661.00 -------- 694.00 ---------------------- 723.00
MAS Financial Services Ltd ----------- 459.00 -------- 681.50 --------------------- 701.95

Failed to cross Listing day High
=========================
------------------------------------------ Listing day High
Indian Energy Exchange Ltd --------- 1660.00
Godrej Agrovet --------------------------- 630.00
Prataap Snacks Ltd ------------------- 1318.80
SBI Life Insurance ---------------------- 740.00
Capacite Infraprojects Ltd. ----------- 399.00
Matrimony.com ------------------------ 1025.00
Dixon Technologies ------------------ 3024.00
Bharat Road Network Ltd ------------ 218.90

Lows from Listing prices
==================
------------------------------------------ Listing price ------------- Low ---------- %age
Indian Energy Exchange Ltd --------- 1500.00 ----------- 1500.00 ------ 0.00%
MAS Financial Services Ltd ----------- 660.00 ------------- 625.00 ------ 5.30%
Godrej Agrovet -------------------------- 621.00 ------------ 563.40 ------ 9.26%
Prataap Snacks Ltd ------------------- 1250.00 ---------- 1133.70 ------ 9.30%
SBI Life Insurance ----------------------- 735.00 ------------ 661.90 ------ 8.98%
ICICI Lombard Gen. Insurance ------- 651.10 ------------ 638.15 ------ 1.99%
Capacite Infraprojects Ltd. ------------- 399.00 ------------ 327.00 ------ 18.04%
Matrimony.com --------------------------- 985.00 ------------ 775.35 ------ 21.28%
Dixon Technologies -------------------- 2725.00 ---------- 2506.35 ------ 8.02%
Bharat Road Network Ltd -------------- 205.00 ------------ 171.10 ------ 16.53%


Makes Low below Issue price
================================
Indian Energy Exchange Ltd --------- 9.09%
SBI Life Insurance ---------------------- 5.44%
ICICI Lombard Gen. Insurance ----- 3.46%
Matrimony.com ------------------------- 21.28%
Bharat Road Network Ltd ------------ 16.54%

will it go on same trend..... not to cross listing day high ?

goes on same trend...........failed to cross listing day high

Hope it will rise....to 900 between 3 to 3:30 ...just like yest

Except todays closing above 900 rs

Expected closing at 900 or above

What a day it was...!!

Psu bnk gain like anything, pnb almost up 50% in singke day !!
All big psu bnk 25-30%",amazing

But my overall portfolio gone in negative direction ,

Mostly all ipo, private bnk, nbfc, hf, insurance stocks, chemical money goes to this psu bnks,

And most imp, gic dramatically made high of 899 and closed 874 good.

Now if u still holding gic re then hold with sl,
fresh buy imo should b avoided

Gajab ka din, full punters play!

Hello Gamble bhai,
Any view on Vijaya & dena bank?? As well as SAIL.

gamble sir

can one can buy CAPACITE INFRA AT CURRENT LEVEL

THANK U

Still holding shares....what u think guys....will gic go up once again ?

YES FOR NEW INDIA SAKE IT MUST BE

i am also holding....waiting for 900 to come to sell

Any expert views on NLC OFS? Worth investing instead of FDs?

I am still holding on to my 208 shares , I will hold till Nov 1 minimum till NIC issue . LIC will not allow price to go down below 867 in any case on closing basis till NIC issue is done . Next 1/2 days it is going towards 950 no doubt after this smart recovery today .

What should be the strategy for tomorrow?

Hope it would cross 950 mark this week

Some other thought. PSU Banks price increase by 25% plus today. What would be GIC holding in these PSU Banks?
LIC. Huge gainer today.
Second thought, since lot of participants were underweight on PSU Banks, there was frenzy buying in morning for PSU Bank shares. Partly rotation led to heavy selling in GIC in morning trade.

Time & again it is proved that MARKET IS KING.

Referring to GIC turnaround and PSU bank Index up 30%

Market respects no experts .....!

if you look at bulk trades between 10.06 am to 3.02 pm there was no trade and from 3.02 price manipulation started. Else who will subscribe for more insurance ipos lined up.

It was day of short sell @ GIC and quick trade for PSU banks stock like BOI & SBI........was having 224 GIC share ..........sold at 861.x and bought back at 800 again sold partial at 875...........at last got my listing gain ( doesn''t matter whether profit came in morning or afternoon)-:)

But it was horrible and probably past experience hold nerves at right moment...Cheers

Today''s price movement of GIC was nothing less than a Horror Film of Hollywood. ????????????????????????