Sub: Not to Pass the Bill >Rs.1 lakh in Individual Category - Reg.
I request your goodself on behalf of Indian-Individual Investors to reconsider/modify an Individiual's Investement in >Rs.1 lakh segment, I and many Indian Individuals have been applying for many IPO's regularly, whenever I/We invest <Rs.50000 I/we had never got allotments.
An Investor who is investing closure to `1lac only have been getting the allotment, hence I request your good office not to pass the bill for an Investment of >Rs.1 lakh.
Investment of >Rs.1 lakh in Individual Portion would benefit only Hight Networth Individual (HNI), this would never benefit of a person whose total family income of <`2 lakhs per annum.
Your good office may consider this move in >Rs.1 lakh <Rs.2 lakhs in the Non-Institutional Category.
Sreedhar,Ravi ,SJ ,Gem I was wondering why is satyam trading at a huge discount in comparison to its ADR. ADR is currently at 4.52 $ which is 221 Rupees. since 1 adr = 2 shares, share price should be around 110. But right now satyam is 82...what is the reason for this?
Dear Friends, I have also posted a mail to sebi at asksebi@sebi.gov.in.I have asked them to enhance retail limit to 50 percent & Implement 2 lakhs retail enhancement for Issues only above 3000 Crores.
The rating is not a buy or sell recommendation. It cannot be because it does not take into account the price at which the stock is being offered.
Pricing of shares is the most critical factor in evaluating IPOs. The shares of most companies are attractive at a certain price. If the rating does not help in deciding that price, it is of limited value.
Anyone who loses money on an IPO will try to pass the buck to the raters. Not just blame for losses, if your neighbour makes more money on a company rated '2' than you do on a company rated '4', then too, you'll know whom to blame. The idea behind the ratings appears to be that IPO prospectuses are too complex for lay investors to read and a rating given by a rating agency can be a guide.
The rating process is not expected to include any forensic work so if someone is faking or hiding information then that's not going to get caught. It won’t verify whether the information provided in the prospectus is complete and correct. Rating Agencies are only offering to do what any smart investor is capable of doing on his own.
One point about the new rating system is that the company will choose who will do the rating but the cost will be paid out of the Investor Protection and Education Funds of the stock exchanges and the Department of Company Affairs. Ideally, I wish IPO ratings were not needed at all. It is not a meaningful effort, rather, it is only a mechanical effort.
You should use them more as a way of avoiding bad companies rather than selecting good ones. And of course, as always, the really serious profits will come the way of those contrarians who will manage to identify poorly rated companies that are actually good short-term trading bets, not long-term investment bets.
hello.retailers,,,,when we loose in ipo we are saying sebi is cheater,govt.is looting and now we are asking for increase the retailer quota,its a wrong way,be happay on same otherwise we will be sure looted
@K V Subba Rao..dear sir..do not try to read too much in CRISIL reports...expecting a listed gain on any stock is like trying to find how much any share (which is already there in secodary market)will rise next day. My take is apprecaietion on listing is function of one of folloiwng thing: 1.how much value issuer has left...(PE, EPS, PB ratio, discount to peer) 2.issue price(low price issue normally do better) 3.which operator is there
retail invetsor can take call basis 1&2 but 3 is out of my reach at least plus you can rely on grey market premium which goes right 8 out of 10 times...
Crisil has awarded 2/5 Grade to Prakash Steelage and Midfield Industries. Both these were lised on the Exchagne in Aug 10 and their Current Price is higher by whopping 98% and 90% respectively over Issue Price.
Another issue from Bajaj Corp which also was listed in Aug 10 is currently trading at a meagre 9.47% over the Issue Price although it got a very good rating of 4/5 from Crisil
I invite boarders to advise how we should go about. Issues which got good rating are trading lower and Issues which got poor rating are trading higher