India Pesticides Limited IPO Message Board (Page 23)

In retail minimum or maximum 1 lot should be applied, there is no point blocking extra money by applying for more lots as it is not going to make any difference in allotment

Thanks....previously was very lucky with MTAR...got 4 lots with max bids.....now didnt get anything since then with max bids...law of averages ;)

QIB:      5,517,241
NII: 4,137,931
Retail: 9,655,173
Total: 19,310,345

Apply in Retail for better chance of allotment with multiple Demat accounts of family members and/or friends.

Other companies are waiting for better atmosphere to get higher premium..

Expected subscription
QIB 30-40 times.
NII 100-150 times.
RII 8-10 times

Thank you @kabir dass . do you have any calculation as below ... ?

Shyam Metalics & Energy IPO – *Market’s Current Estimates of oversubscription*:

NII = 35KCrs. = ~259.31X
RII = 27L Forms = 11.81X Applic. wise (Avg allotment of ~3.81 shares per lot)

Interest cost *@7.50%p.a.* for 7days = *44.01paise for 1X*

Thus, for NII the costing = 259.31 X 44.01 paise = Rs.114.31 per share (= GMP)

And, for RII the costing = 114.31 X 3.81 = Rs.435/- (= Kostak)


Shyam Metalics & Energy IPO – *GMP Estimated*
GMP 145 +/- 1
Kostak 550 +/- 10
Subject 2 @5,500/-

@Siva, I think u have copy pasted info of Shyam in this forum. Don''t do this kind of work:)

@lokesh Chiru ....

kindly open your eyes and atleast read before blaming anyone .... I am not pasting blatantly I am asking @kabirdass how he came down 100-150x whether its guesstimate or he has a formula

i am a asking a genuine question by showing some example ... Now i can say you are an educated illiterate ??

Hi Redkrish, I have prostocks accounts for my children, I don''t know any bank allowing to apply ipo through ASBA for minors, however you may apply IPO directly from Prostocks using UPI. So to answer your question you may open account with any bank with UPI handle. I use Kotak Bank.