GMP rise but kostak falling to 1500 or lower bcoz of heavy Rii subscription Again advise to those who filed 1_3 application should sell in kostak and book profit
I am from jaipur . I want to sell my application anybody interest call me 7597446975
552. jajo| Link| Bookmark|
July 26, 2018 12:47:23 PM
Top Contributor (300+ Posts, 200+ Likes)
It seems every one is lapping up the HDFC AMC issue.However, the issue price is not cheap. At the maximum possible with PE of 32.3 and with high P/BV of 10.8 times. More over it has only Rs 5 FV. I can see a madness over the issue and every one is lapping it up. There is no no first moover advantage nor can be given scarcity premium. There are dozens AMCs in the field. Though there may be some profit on the listing, the herd mentality of Investors are dangerous.
A question to you, What is the significance of 5Rs Face Value? I
552.6. jajo| Link| Bookmark|
July 26, 2018 3:27:05 PM
Top Contributor (300+ Posts, 200+ Likes)
@RBG, As usual have applied for one application only. @juju, As compared to Reliance Nippon AMC, if the FV is to be taken into consideration, the offer price would have been Rs 2200 for Rs 10 FV. and Offer lot would be just 6 shares.This is just for comparison only.
@jajo HDFC has 21,19,88,800 shares with FV Rs. 5 (as you multiplied it), now to make FV Rs. 10 , effective shares would be 10,59,94,400 while on being compared to Reliance Nippon whose count of FV10 shares is 61, 20, 00, 000 , roughly 1/6th so 2200/6 = 366.67. I don't see any harm in asking slight better valuation than RNAM.
However, I too agree that if allotted it is better to sell maximum of the lot or sell application in kostak
Only the second day is going on but more than 1200000 application forms have been submitted. These are the applications that is put online by retailers or submitted to the bank. All the applications which are physically submitted are all still in the broker house and they will be submitted only after 4:00 pm tomorrow evening. Looking at these figures, it seems that this IPO will break all the old records And will set a new record in the field of subscription.If the number of applications reached around 3000000, then it would not be surprising...
Applied 01 lot today under retail category, this is my 5th attempt applying through HDFC net banking, earlier 04 IPO allotment did not received as mode was HDFC net banking,, lets c if this fails will go through from Asix net banking online application that is far better
if it subscribe 6-7 times few allotment. grey market 450 per share is at the higher side. expected to list below because huge volume on listing day. selling pressure
Hello All, Hope you all are doing well. One question , one should select cut off price or manually enter upper price band 1100 to maximise the chance of allotment. Thanks
Request to members not to sell these shares if alloted. Keep it in portfolio i am having the shares of all the shares of group companies and it has given me a yearly growth of around 35% excluding dividends