Of course!! Deepak Parekh can make the world spin counter clockwise or even cure patients of aids. very altruistic guy. he has left a loot for everyone on the table. one just needs to know how to pick it.
When HT Parekh who exposed the Nehrus FM TTK (prestege walas) Mundhra scam started HDFC he listed it at reasonable valuations because he was a true housing visionary and was selling shares to locals.. Now his nephew is listing hdfc life at very high valuations .. because he knows that there will be fii demand at that valuation and that for them this will be relatively cheap as they will want to own a few lakh shares fr the next 20 yrs.. Buy HDFC sell hdfc life !!
Indian stock market understood the over pricing of greedy corporates including govt in their IPOs. See all tumbled. Today mah.log, tomorrow NIA, then khadim then HDFC Life. It''s the time investors need be over cautious.
i have applied with in price band is 275 and the cut of price is 290. if i have applied with the 290 then my ac locked according and as i have applied with 275 so my ac locked as 13750. so can you please explain me bit more. i am not getting your concern.
thanks in advance
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November 10, 2017 10:27:36 AM
IPO Guru (1300+ Posts, 2000+ Likes)
as price band in between 275 to 290, while applying for IPO you have to select option cut of price, if you have placed bid for price 275 and not selected cut of price option and if IPO allotment price decided for more than > 275 then you will not get allotment.
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November 10, 2017 10:32:27 AM
IPO Guru (1300+ Posts, 2000+ Likes)
for example ... as i have applied with cut of price for 1 lot my 14500 amount blocked in my bank account, if price decided for 280 then i will get refund of Rs 500 or only 14000 will be debited from my account once shares allotted to me.
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November 10, 2017 11:08:28 AM
(1100+ Posts, 500+ Likes)
With net oversubscription , no chance for a lower than 290 price ...!!
i applied through icici net banking in this ipo for 5 lot..now i want to revise my bid.. pls tell me the procedure to do so..and till what time i can revise my bid
Don''t forget the name HDFC. It has the technology and most respected financial wizards to manage the show. All companies in the financial sector at far distance from HDFC. They had the price power. Those own a credit card of HDFC can understand it much easier. It is not just another insurance Company. They can throw up a surprise.
@ Lionkingnmr Of course!! Deepak Parekh can make the world spin counter clockwise or even cure patients of aids. very altruistic guy. he has left a loot for everyone on the table. one just needs to know how to pick it.
However, there may be two trends - powerful operators may try to suppress price after listing and take it way below issue price - so that weak hands in retail investors will get nervous - as it is "their own money which they cannot afford to loose" - immediately that psychology will come into play - "had I kept this money in fixed or in savings at least I would not have lost it" - and there will be some panic selling even if it is at loss. And that is precisely what the operators will wait for. They will gleefully load up the stocks dumped cheap by weak retail hands. The longer this continue - the worse for retailers but more beneficial for big-hands.
by the way GIC is one stock to watch out for ...its staging a brilliant rally. right now up by 0.0000007 Million Rs. cheers!! inwasters you have done it...
Not much premium in listing expected - in fact wont be surprised if it gets listed in slight discount and then trades in slight discount for first few days; but it will come back to profit range soon. There are two very high quality names associated in this issue - HDFC and Aberdeen (Standard Aberdeen) who are very high quality investors, who hold very high quality funds also. Aberdeen is a very discerning investment house.
Very sorry shall be those who headed to the advice of some *** here and believed that on/after listing day the shares will be available for much less!!! poor poor pity!!
BECAUSE OF HIGH PREMIUM CHARGES HDFC STANDARD LIFE INSURANCE COLLECTED HNI SUBSCRIPTION 2650 CRORE WHERE AS D MART IPO HNI SUBSCRIPTION WAS 76245 CRORE. HNI COLLECTION FOR DMART WAS 28.7 TIMES MORE THEN HDFC STANDARD LIFE . FOR GOOD SUBSCR.IPTION SOMETHING IS TO BE LEFT ON TABLE FOR INVESTORS.
There is no single established relationship between subscription and listing gain. Higher subscription gives a comfort feel during IPO that ''All is well'' with our investment. A decent subscription multiple is better than very high multiple, more important is future potential of the stock and current valuations. Heavy subscrption doesn''t always mean high listing/quick gains. In last one year there has been almost 70-80% growth in no of demat ac in the country. This is only because of ever growing expectations of listing gains from IPOs. Very soon at last 40-50% of these demat ac will become account after new investors lose significant money as companies will continue to squeeze listing gains with increasingly higher ''Initial'' valuations sought. So play safe in IPO market and start alert as it is ''Your own money''.