General Insurance Corporation of India IPO Message Board (Page 66)

Reliance AMC IPO expected to open on 25th of this month.

Price band expected to be Rs 247-252 official announcement awaited.

I Guess GIC may initial got some premium on listing but after one month it may be trading on handsome premium like 100 to 150

LIC has made a huge investment as a QIB. Retail and NII numbers are quite less today. IPO Will open flat or below issue price

As chances of under subscription are high, retail applicants will probably get all the shares applied up to 208 shares. As premium is around 25/ good return is sure. Big institution will lap up all the under subscription and hence issue will easily go through. Today only except for retail category, rest quantity is already subscribed. This share is for Long term .

First day subscription is 71%. Signs of over subscription...!

As chances of under subscription are high, retail applicants will probably get all the shares applied up to 208 shares. As premium is around 25/ good return is sure. Big institution will lap up all the under subscription and hence issue will easily go through. Today only except for retail category, rest quantity is already subscribed. This share is for Long term .

Today there was only one bid from QIB that is from lic 8772000 shares and .02x from rii and .02x from employees. So the response is normal only, except for the lic bid.

I have applied thru HDFC and selected the cut off price but the final amount blocked was after discount of Rs45 :)

Are you surprised ???? or reporting an issue?

so what''s new in that....it''s like that only....
they block amount after discount always because you will get the share price after discount if alloted......

PLEASE HELP GIC IPO APPLY OR NOT ?..

Due to Diwali Holidays I believe HNI''s money will be blocked for a few more days than normal. On top of it the premium is in negative. Feels like this will be enough to deter HNI''s from applying for GIC.

Bid Details
NSE India : QIB 1.41
NII : 0.001
RII : 0.01
Employees: 0.02
3.35pm

BSE details: 3.40PM
QIB: 0.00
NII : 0.0038
RII : 0.0308
Employee: 0.0930
Total : 0.0114

Total BSE Bids: .71
Total NSE Bids : .0114

guys .. how much shud i apply for full application to be considered within retail quota ?? 224 shares or 240 shares.. shud i consider my bid with or without discount??

In Moneycontrol..it is mentioned that we can buy Infosys shares until 30th October and then participate in buy back offer ? is that true ?

Minimum quantity to qualify for buy back is 180. and not all will be bought by infy. only few of them.

Acceptance ratio for retail investors is 57% based on previous quarter share holding pattern. Even if acceptance ratio reduces to 30% you can make a decent profit. FYI there is a quota for retail investor in the buy back offer as well like in IPO. Some one replied saying that @record date you will see the price @1000. currently infosys trading @930 based on his/her assumption he can make profit of 7.5% in 20 days(oct11 to nov 1st)

can we apply in ipo from yes bank savings account for sharekhan demat through ASBA ?

Hi Lokes,
so till 4 PM we can apply in HDFC net banking correct???

Please confirm

@hello ipo....
yes in hdfc net banking , we can apply till 4pm for any ipo.....i have applied in past...
now i got to know how to apply in yes bank net banking also....but in yes bank limit is 2pm only last day....

Hi Experts,
If RII sub is 1x+ amount wise and below 1x application wise. Is the difference then distributed equally or as a proportion to application amount? So, my questions is will 2L application get me more shares than 1L if RII is 2x and Application wise RII is 0.5x.

Why there is no chart for description of no of shares available for RII/NII&QIB? so that we can see how many lots available

THANKS
AGARWAL PAWANJI
FOR INFORMATION

I will apply in physical form
What amount to be applied
For one lot

13872

912× 16 shares = 14592/_ rupees
912 - 45 RETAIL discount
= rupees 867/- × 16 shares = rupees
13872/-
One lot for how much amount to be apply
Please tell
Rupees 14592 or 13872/-

If you are applying on ASBA (esp. SBI), just select cut off and 16 quantity. On this time it will show 912x16=14592, But on clicking next, On next page it will show the amount 867*16=13872.

Hi,

I didn''t understood this "flat discount of 45 rs".

I''m using SBI for ASBA. Applying for a single lot in individual.

It''s showing like this:
Lower Price Band (Floor) 855.00 INR
Upper Price Band (Cap) 912.00 INR
Flat Discount Amount 45.00 INR

If I select the cut off price, it shows 912. Now whether this is after discount? I''m sorry, but I''m new for this. Please experts, help me to understand.

Thanks a lot.

You select cutoff price and go to next payment option it will take only 912-45 = 867

so u are paying only for 867* lot size

@Mittal and @vreddy, Thanks a lot!

Very Good response from QIB on first day...