ICICI Prudential Life Insurance Company Ltd IPO Message Board (Page 46)

ICICI Pru 3 levels are suggested:

Huge buy between 345-348

Consolidation at 360-364

Stable at 372 -375.. hold for 3 month target of 435.

Allotement in retail category will be done as,
Suppose there are 10, 50,000 applications, then
No of lots available are = 12,98,237
One lot for all succesful
bidders = 10,50,000
Balance 2,48,237 lots ie 1,09,22,425 shares will be alloted proportionately to those who have bid for more than one lot.
If anybody have the final figure of no of applications received pl post.
Rest all categories will be allotted proportionately.

Still the Subscription Number for RII''s are increasing in both BSE and NSE....

may be last total will be 1.5x round off for RII...

It will open below 334. Mama Banai Giyo

Retailer Kya kamayega...?
Premium is Around 8 to 10 Rs. TODAY.. Now Listing Day is Higher maximum 20 Rs.
Minimum 44 Share Allotted x 20 = 880 Rs. Only Gain..
OR ye Bhy tub jub 20 Rs. Milenge tub.. Or kahy Mkt. Idhar Udhar huwa to Wyare Nyare Ho jayenge.. mere Hisaab se IcIcI me kamane ka kum or Gawane pade to jyada jayenge.. Issi liye I Avoid This IPO..

QIB 11.83
NII 28.55
RII 1.26
Shareholder 12.20
Total 10.41

GMP down to Rs. 11-12 and Kostak Rs. 400-450

Total Issue Size      13,23,78,973
Total Bids Received      1,37,99,40,760

Total Bids Received at Cut-off Price      7,67,68,516 {( 0.58%) i guess all rii & sh}
It means it''s NOT fully subscribe@ cutoff price.

No. of times issue is subscribed      10.42

It is fully subscribed(only retail quota) by cutoff applications.
Total no of shares available in retail are 5,71,22,434 and as per your post total bids received @ cutoff price are 7,67,68,516. Cutoff bids are more than reserved shares

Dont mix two category

Retail category & shareholders category is different.

Cut off for Retail & Cut off for shareholders is different.

When allotment for retail category, only cut off bids from retail is applied
& allotment for shareholders is done seperately

Also process for allotment is different for both category

WHAT IS THE TOTAL APPLICATIONS RECEIVED UNDER SHARE HOLDERS CATEGORY? HOW MANY CONFIRMED APPLICATIONS AT CUT-OFF PRICE?

You should not look for number of applications in shareholders category...allotment is based on proportionate...

Shareholders quota is subscribed 12.2 times, that means who applied 572 shares (13 lots) will get minimum of 44 shares (1 lot for sure)..chances of getting more than 44 shares also possible because of technical rejections

Retailer ho gaya malamal
share holders ki lag gai what

HNI SUBSRIPTION IS HIGH SHALL I GET LISTING GAIN

Only 6~7 premium ......


Dabba ho gaya icici

All HNI AND Q-I-B has long contract.

Share holder quota is 12 times more than retail quota. What will happen are they combine these or those who do not get in share holder quota will be shifted to retail quota .What is the rule. Is there any clarification/note on this issue.

They combine shareholders quota and retail quota only if retail applications are less than quota numbers....wait and watch...I hope there will be lot of rejections in both the categories..but note that shareholders allotment is proportionate basis (not lottery)...

Shareholders quota is subscribed 12.2 times, that means who applied 572 shares (13 lots) will get minimum of 44 shares (1 lot for sure)..chances of getting more than 44 shares also possible because of technical rejections

latest grey market rate septa sir...

anybody please give reply to 644.1

Not true. Not easy to get the application number. but one thing is sure, every RII will get full and firm allotment as the price bids lower than Rs. 334 is likely to be rejected

By what date I need to keep funds available in Account?

By what date I need to keep funds available in Account?

fund will be blocked under ASBA with application on the bank site

I know funds will be blocked in Account, but what date. 22nd Sep, 23rd Sep ?

Still confused on how the allotment of shareholders and retail applicants would work. Can someone please explain

ALLOTMENT IN EACH CATEGORY IS PRE DEFINED. E.G QIB, NII, RII & OTHERS ( SHARE HOLDERS) QUOTA. NOW RETAIL QUOTA (RII) SEEMS CONFIRMED ONE LOT ALLOTMENT. LESS ALLOTMENT CHANCES IN SHARE HOLDERS QUOTA.

RETAILERS SHOULD NOT APPLY MORE THAN ONE LOT( 99 % CASES).

Retail quota is based on number of applications, Shareholders quota is based on proportionate..

I hope ICICI Prudential will fix issue price @ 334 since it has got huge response than expected...

We need to wait and see howmany retail bidders/applications bid @ cut-off price (or upper price band of Rs.334)..if it is more than quota numbers then it will be in lottery basis..

Shareholders quota is subscribed 12.2 times, that means who applied 572 shares (13 lots) will get minimum of 44 shares (1 lot for sure)..chances of getting more than 44 shares also possible because of technical rejections (like people applied in shareholders quota without holding ICICI bank shares, people bid below Rs.334, people applied more than 2 lakhs in shareholder quota and also applied in retail quota via manual application, etc)

latest figures(NSE+BSE)

QIB: 11.83X
HNI: 28.55X
RI: 1.29X
sHARE HOLDER:12,20X

OVERALL; 10.42

TOTAL APPLICATIONS IN RETAIL TILL 4:00 PM WERE 1029446 (AGAINST 1298237 OFFERED CONFIRMED APPLICATIONS) WHEN ISSUE WAS OVER 1.25 SUBSCRIBED.
HOPE EVERY ONE WILL GET ONE LOT WHO APPLIED IN GENERAL QUOTA.

Dear Ranjiv, Where we get the number of application data?

@ Ranjiv Goyal:

where did you get the number of applications data? BSE / NSE both are not sharing that data so what is the sources?