GreenSignal Bio Pharma Ltd IPO Message Board (Page 9)

Risky now

avoid

Hey friends , those who have applied have golden opportunity to withdraw application as the issue has been extended by 3 more days.

In these 3 days you might see dummy investors QIBs & FIIs Quota.
They will withdraw application at last moment

Better to wait & watch as in the november end , 2 more pharma Cos. IPO are coming . 1 is south based & 2nd is Ahmedabad based.

When and How to withdraw if application made through online ASBA?

Who told u QIBs can cancel or withdraw application?
QIBs can''t

GSBPL IPO - Extended to 17th Nov

Any expert views ??

Greensignal Bio Pharma IPO

Day 3 at 5:00P.M.

QIB : 0.00X
NII : 0.12X
RET : 7.98X
TOTAL : 0.82X

Applic: 59,500 (approx)

Note:
Due to no QIB participation, the Company has opted to extend the issue by 3 working days upto 17th Nov’16

Retail quota subscribed 8 times..Promoters not wrong in over pricing any IPO seeing this unwarranted craziness for IPO''s. Perhaps our retail investors need some more shock treatments like ICici pru, L&T etc..ICICI subscribed 10 times overall despite comments of over priced & nothing left on table.!!!

retail shares are 1457956 /175 share pre applications , so total application are 8331 in retail. which are very less.

If the issue is not subscribed by the Retail Investors and fully subscribed only by QIB what will be the fate of the issue
Only subscription by QIB is necessary or total 90 percent subscription is required for the issue to sail through
I hope eagleye will let us know to upgrade the knowledge
Reply will be appreciated

if i cancel this ipo then how much time takes for refund

i am new here so can you tell me how to cancel this ipo from my account.

Sebi rule says.... (this issue is OFS)
*
If the Issuer does not receive a minimum subscription of 90% of the Net Issue (excluding any offer for
sale of specified securities), including devolvement to the Underwriters, the Issuer may forthwith, take
steps to unblock the entire subscription amount received within six Working Days of the Bid/Issue
Closing Date and repay, without interest, all moneys received from Anchor Investors.
In case the Issue
is in the nature of Offer for Sale only, then minimum subscription may not be applicable.

Which price band apply this ipo till 17 nov

have chosen a wrong merchant banker Indian Overseas bank .
Hence no QIB bidding had they chosen Axis or Kotak or JM latter would have ensured QIB subscription .

THIS IPO APPLIED OR NOT

Issue extended up to 17th November2016.

RETAILERS SHOULD CANCEL APPLICATIONS ISSUE MAY BE CANCEL

CA Saheb,

If "ISSUE MAY BE CANCEL" .. so then why "RETAILERS SHOULD CANCEL APPLICATIONS"?

Please explain ..

IF COMPANY NOT CANCEL IPO AND NO QIB THEN RETAILERS CAN TAKE BACK APP OTHERWISE DISCOUNT LISTING POSSIBLE

Issue extended for a further period of three days and to close on Thursday 17th November 2016

It is the time to stay away from the secondary market or invest in regular interval. Is the current lable is good for buy stocks like Tata Tea, Fedral Bank, Equitas & Nocil. Required your valuable advice.

Greensignal Bio Pharma IPO

Day 3 at 3:40P.M.

QIB : 0.00X
NII : 0.11X
RET : 7.05X
TOTAL : 0.72X

Applic: 48,000 (approx)

Note:
With no QIB participation the Company has 2 options:
a)      Revise the price band lower and extend the issue by 3 working days upto 17th November
b)      Cancel the issue altogether

This is perfect case of blind bidding by Retailers

Lowering price band by 20-25% may generate interest. Otherwise QIBs have lot more decent shares to pick in this market fall.

Greensignal Bio Pharma IPO

Day 3 at 3:15P.M.

QIB : 0.00X
NII : 0.11X
RET : 6.34X
TOTAL : 0.65X

Applic: 41,000 (approx)

Note:
With no QIB participation the Company has 2 options:
a)      Revise the price band lower and extend the issue by 3 working days upto 17th November
or
b)      Cancel the issue altogether

Greensignal Bio Pharma IPO

Day 3 at 3:00P.M.

QIB : 0.00X
NII : 0.11X
RET : 6.02X
TOTAL : 0.62X

Applications: 39,000 (approx)

Note:
With no QIB participation the Company has 2 options:
a)      Revise the price band lower and extend the issue by 3 days
or
b)      Cancel the issue

Nifty under pressure , below < 8300

sensex 700 down

Why ?

any idea ?

Re/$ = 67.4

If the issue is 10 times or more by retail investors the issue will sail through
The chances are not there by retail investors to subscribe 10 times or more in present circumstances

Not correct

Even if Retail is oversubscribed by 1000X ... but if QIB is undersubscribed by even 1 share ... the issue cannot go thru