250. R R Patel| Link| Bookmark|
October 4, 2017 2:48:40 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Godrej Agrovet Ltd IPO Subscription figures on day 1 @2:40 pm:- QIB - 21% HNI/NII - 5% RII - 48% Employees - 4% Total - 31% Just starting......... Must apply for listing gain as well as long term portfolio stock. Total 2,73,440 lots available for allotment in retail category so application wise 4-4.5 times subscription in retail category expected.
If you are an employee of Godrej, you can apply in employee category. If you have own Godrej Inds shares NOW, you can apply in shareholders category. if both are negative, you can apply in individual category. Only Godrej Agrovet shares are on sale.
Godrej Industries a listed company is the biggest shareholder of Godrej Agrovet. On listing and price discovery, Godrej Agrovet will be valued much higher. Which only means that the investments made by Godrej Industries long time ago, will add multiple times value to the promoter.
Applying for Godrej Agrovet and getting shares is a pure lottery. Instead why don''t buy Godrej Industries from the market any quantity as per one''s capacity and get rewarded/become indirect owners of Godrej Agrovet??
your comment is accurate but the problem is that Godrej industries shares have already taken this into consideration and the price got adjusted accordingly. So no upward / downward movement of the price will be there now.
I dont want any formula or something. But is there any use if an individual apply for IPO on first day vs last day? (consider that I will apply only for one lot) :P
No matter how many lot you apply, in case of over subscription you will get only 1 lot allotment if you are lucky. Thus applying 1 lot from multiple account is advisable.
In general there are following advantages when you apply in intial days. This is not just specific to IPO, but to any online/offline applications for that matter.
1. You get ample time for proofreading and changes. 2. You can avoid any last minute problems/errors/technical glitch with online submission. 3. You need not have to remember the cutoff time. Every bank has different cutoff time on last day, you need to know what is yours. 4. You apply it on first day or last day, bank will pay interest for the lien amount.
Lastly, I feel good when I complete my application well within time, you know that satisfaction; this is for all IPO where you have decided to apply and not relying on subscription figured to take a call.