Gravita India Ltd IPO Message Board (Page 15)

Hi

I was checking the only bank account for detection of allotment money. But My SBI CDSL is credited with 50 Shares .. But Money is not detected or the LIEN amount released. Whatever happy the I too was allotted the Gravita shares.

IPO Basis of allotment formula:

You need to understand this process wisely.

Grvita India Ltd. was oversubscribed by more than maximum retail lot hence all allottees were given minimum in different ratio as per their applied lot. In case where oversubscription is less than maximum retail lot then they will start making firm allotments from no. of oversubscription times and then they will give shares to allottee as per formulae No. of share applied/No. of times of oversubscription.

For example let us suppose two issues which are priced at same price say 60 Rs. per share with minimum lot of 100 shares and maximum retail application was of 96000 (16 times) in both the issue. IPO A is oversubscribed by 20 times and IPO B is oversubscribed by 10 times. Since IPO A is oversubscribed by more than maximum retail lot i.e. 16 lots hence even maximum lot applicant get 100 shares in ratio 16:20 whereas in IPO B applicants from 1000 shares onwards will get
firm allotment and applicant for 1000 shares will get 100 shares where as maximum lot applicant will get 160 i.e. (No. of Shares applied/No. of times oversubscribed = 1600/10=160).

Hope you get my point.

I HAVE FILL THE APPLICATION FORM & DONT HAVE ASBA ACCOUNT

Mr. Rajiv u can check you bank account if the amount is debited from your account then u have got the allotment for sure(ASBA case only). my account has been deducted by 6250/- so i am sure i got 50 shares. but in case of physical shar application applied then u have to wait till karvy release it or ur demat is credited.

Thanks

WHY ALL THE people ARE WRITING WRONG comment& MAKING INVESTORS FOOL .NONE OF SHARES ARE CREDIT IN DP & ALSO NOT SHOWING KARVY SITE .I PERSONALLY HAS APPLIED 6 APPLICATION IF ANYONE GOT THE ALLOTMENT THEN Also write how he gotthanks

535 - Read account instead of amount

Amount deducted from my amount for 50 shares but not credited in CSDL - i think it will be credited by monday morning.

Whether all the persons of CSDL allottees have got the shares to their credit? I have been allotted with 50 shares, but not credited to my CSDL account so far. Please post the information to the extent available.

Sorry I get corrected. 1 lac blocked for 10 days will cost you Rs.273 @ 10%. But as my bank does not offer ASBA, transferring to and fro of funds of differrent banks is a big hassle and i think it is better to give cheque from my account of the present bank rather than transferring funds to/from ASBA enabled bank. - bangnewman

i have applied for 300 shares but got none ...:(
what was the criteria to allot it.
is it good to buy on the day of listing. plz advice.

Tks TapSam. - bangnewman

Thanks GOD I was the lucky one out of 2.5-3 ppl receiving allotment.It will give around Rs.5000 on listing as per my calculation.......I received sms but couldn`t see online.

CDSL: Credited in a/c ********2452 through IPO/FPO 50 shares GRAVITA INDIA LTD.

graviya 50 share alletted and credit my demat account

GRAVINA INDIA ALLOTMENT CREDIT TODAY IN CDSL DP.
I HAVE 100 SHARES OF FULL FOUR APPLICATIONS.

Share registrar Karvy won’t have it easy anymore
MUMBAI: Coal India listing changed many things in the capital market, from investment banking league tables to record-speed entry into global indices, including Morgan Stanley Capital International. It is also set to shake up the leadership position in the back-office industry such as share registrars.

Link Intime, the share registrar for Coal India’s Rs 15,200-crore share sale is snapping at Karvy Computershare’s heels.

Karvy’s more-than-a-decade-old leadership position is under threat as the joint venture between Australia’s Link Group and India’s Intime raised its IPO market share to 43.7% from just about 1.3% a year earlier. Karvy’s share plunged to 53% from 93% a year ago, according to statistics from Prime Database.

“It was only after October 2009 that the situation improved and companies got their plans to raise funds back on track,” said MV Ramnarayan, director, Link Intime India . “So, most of the mandates of 2009 were deferred to 2010.”

Karvy Computershare chief executive V Ganesh declined to comment on the market share positions. Although there are more than 80 share registrars, hardly a dozen are active; with Karvy keeping the lion’s share and the rest on the fringes. Link’s ascent is the biggest event in the industry in more than 15 years that was once dominated by Datamatics.

The proliferation of fake UTI Mastergain certificates dented Datamatics’ reputation that left the field open for Karvy. Since most of the business is done by unlisted companies and that too very few of them, industry statistics, apart from primary issuances, are not available.

Despite the marketshare gains, companies may not improve their profitability as they get business mandates by quoting low prices. While investment banks do the same to get mandates, their trading activities help them compensate for lack of fees.

The bids for business have been at a fraction of Rs 5-6 per application in IPOs needed to make profits. Financial squeeze may lead to a fresh round of mergers and acquisitions in the industry, some believe.

There were about 300 registrars in 1997, which has fallen to about twenty active now. But others are sceptical about the consolidation since there’s not much value in buying those small companies.

“Not many of them have more than Rs 2-crore turnover per annum and no one has added any significant clients,’’ says an industry official who did not want to be identified. “One would be better off wooing the client base and any acquisition will not provide enough edge.”
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So friends if the trend continues like this in 1 year the positions of link intime & karvy will reverse with Karvy going from 93 to 1.3%

$320-mn SCI share sale to open by early Dec


: Shipping Corporation of India's $320 million share sale is likely to hit the market in the last week of November or early December, its chairman Sabyasachi Hajara told reporters on Saturday.

The firm expects to receive regulatory approval for the follow-on public offer in a couple of days, following which it will file the final copy of the red-herring prospectus with the registrar of companies, said Hajara, who is traveling to the UK and the US next week for roadshows.

The government will sell a 10 per cent stake in the shipping services firm and the company will issue another 10 per cent of fresh equity.

India plans to sell stakes in Indian Oil Corp , ONGC and Steel Authority of India Ltd in the last quarter of this fiscal year ending in March.

Proceeds from the share sale will be used to fund acquisition of 9 vessels, of which it will place orders for two very large crude carriers and three containers next week, Hajara said.

Shipping Corp, which has a market value of $1.65 billion, has shortlisted SBI Capital, ICICI Securities and IDFC Capital as lead managers for the offer.

suppose to be list on monday 15 11 2010 10% of shares will be allot by the company i.e. if u apply for 500 share u will get only 50 and price goona 170/-

http://mis(dot)karvycomputershare(dot)com/ipo/ -- In this link still i am not able to view Gravita India Ltd ?
Is there any other site where i can view my allotment ?

Still i have not rcvd my allotment -- i had applied for 400 shares ?
Any idea when should i will be and what is link where i can view the allotment detail ?