My demat account with Indiainfoline and Bank is Kotak. Kotak allows till 11 am only. I will open one fresh account with Kotak Securities that will solbe my problem.
Applying 1 lot. I am not taking much risk and I could not wait till 2 or 3 pm as my Kotak bank ASBA allows bidding up to 11 am on last day of IPO (technically not after 10:30 am in some cases)
This posting not related to HCG but thought should put it in here. Its regarding UNITED BREWERIES. Vijay Malaya holds approx 36% stock shares in the company. Just read that Heineken wants him to sell his shares or reduce his holding and is willing to pay him for it( to help him with his 9000cr fraud) so that it itself is able to raise its share from present 34% to 50%. If that happens then its a big positive for the company. Also, UB is having fastest growing beer brand with it in the fastest growing segment in the liquor industry. So I see a huge opportunity in next 6 months to 3 yes time horizon where one can actually mint a lot of money in this script by investing now at a beaten low down price which is near its 52 week low. Would like to know other boarders comment on my analysis.
Correction- Heineken has 42.4% share n is planning to increase it beyond 50%. May bring in a resolution to move out VM out of board of directors through a sweet deal or through shareholders approval.
192.2. Mr. Singh| Link| Bookmark|
March 18, 2016 10:08:41 AM
IPO Mentor (700+ Posts, 500+ Likes)
Heineken is willing to buy pledged share of Vijaya Malya, which is around 50% of 36% (half of Vijaya Mallya''s holding).