IL&FS Transportation Networks Ltd IPO Message Board (Page 21)

506, VISH

Briefly, this is how the new payment mechanism works in an IPO: An eligible investor using Asba places his bid, either in physical form or electronically through the Internet banking facility, with a designated branch of a self-certified scheduled bank (SCSB) with which the investor maintains a bank account. SCSBs are banks registered under the Sebi (Bankers to an Issue) Rules, 1994, and notified by Sebi as eligible to offer the Asba facility to investors (these include banks such as HDFC Bank, ICICI Bank and State Bank of India).

Upon an applicant placing a bid with an SCSB, the SCSB blocks an amount equal to the application amount in the bank account of the applicant and uploads details of the bid on the electronic bidding system of the designated stock exchange through a Web-enabled interface. The application money remains blocked in the applicant’s account until the basis of allotment of shares is arrived at and appropriate instructions as regards unblocking the amount are issued by the registrar to the issue to the SCSB.

is it possible we dont get allotment even if we applyfor full application

can anybody let me know when is ILFS allotment

I think IL and FS is good from a long term point of view, it short term too it can give you good listings gains as the fundamentals look good, but seeing the conditions of roads in India, and the quality company that IL and FS is, I could see their Nagpur bus project, and that is why I have put my money into it. I expect it to double within one year. Good quality company.

allotment likely on 27 march

Expect listing around 325 - 350

2day the allotment is out of DQ which was close b4 5 days. & Intime is little faster so i think the allotment can come 1day b4 on 29th.

The good news is the compare stock will be IRB which has come up good from 154 to 165-168 so the listing can be good. with 40-50 upside.

Can someone tell me whether ASBA is available through Standard Chartered Bank or Canara Bank. Secondly, do we need to visit the branch to complete these formalities. i have never applied through ASBA.

Allotment expected by 30th March 2010. Listing in first week of April.

what will be the chances of the allotment in ilfs?

i made two full application

will i get 80 in one application

reply me
thanks

Hello NEHA r u there?

When allottment and listing expected for IL&FS?

What is expected gain on listing day?

whn is the Allotment? ny idea?

Hi friends LISTING GAIN hoga lekin LONGTURM k leya jyada acha hai

updated GMP of IL&FS Transport 38-39

hi

the share ILFS may be listed at a premium of 50-80rs on a conservative estimate, what with the markets on an upswing now

right?

sonti

Hi All,

Need your advice....
How do i go for ASBA method of applying for IPO through SBI. I know that in ICICI direct, it allows one application and for that we need to ve ICICI direct account.
WRT SBI, do i ve to open a SBI demat account or SBI savings account?
What are their brokerage charges??

Thanks in advance.. waiting for your replies...

what is listing date, please????????

No.I m not used ASBA for applieing in ILFS IPO still not debited rs. from my a/c.

why my account is not bebited for the ITNL

because ipo close on 16th and today is 20th

can anybody having same problem?

thanks