Bid/Offer Opens On: October 09, 2017 Bid/Offer Closes On: October 11, 2017 Finalisation of Basis of Allotment: On or about October 17, 2017 Initiation of refunds: On or about October 17, 2017 Credit of Equity Shares to demat accounts: On or about October 18, 2017 Commencement of trading of the Equity Shares on the Stock Exchanges: On or about October 23, 2017
Reliance nippon life asset management ltd. IPO likely to opens on 25 oct & closes on 27 oct with Rs. 1500-1600 crores. Promoters : Reli cap ltd. & Nippon life insurance co.
Price Band expected to be Rs. 247-252 official announcement awaited. Dates & Data are tentative, may be differ from actual.
When we justified a right price of an ipo.Agreed IEX is a good company but having turnover of rs.237cr demanding valuation of5100cr,is it ok?But in this bull market any thing can happen.the fair price of this IPO should not exceed rs1000. This is my personal view.
McX turnaround 238 cr and trading at 5600cr (just info: mcx revenue down from 500cr(2013) to 238cr(2017), iex revenue up from 138cr(2013) to 238cr(2017) )
Lots of debate going on. whether IEX will surge or tank...till the deadline for applying, people were feeling low, but all of the sudden news started flowing mentioning REASON of FII withdrawal.
I don''t think issue is so under-priced that FIIs will just die to buy on listing day. Had it been reasonable priced, scene would have been different.
Those who think money has been absorbed from market due to back to back IPOs, let me tell due in the same market, issue like ICICI Prudential garnered 60000 Cr. on last day of IPO. So there is no dearth of money....
Why would one risk for a marginal gain, why not buy it at 5% higher price on listing day? I don''t think in the brightest scenario this will list at more than 5%.
Anyways, that''s the beauty of market..what i think is costly is cheap for someone else...had it not been, market will always open and close on circuits :)
QIBs - 2.5x NIIs - 1.1x RIIs - 2.2x Total 2.2x Mark my words.... there would be more profit in IEX(2.2x) than Godrej(11x) & MAS(13x) as allocation chances are on higher side in IEX. IEX having 50% profit margin you need to check balance sheet as well and take decision. Application on lower side because peoples already applied in previous issues. All the best for all who applied to IEX.
Dear Ashish, None of the Foreign Portfolio Investors(FPI) where able to participate in the IPO due to the FDI policy related Power Exchanges. Hence the subscriptions were low. They are only allowed to buy shares from the secondary market. So expect all the FPIs who withdrew from anchor investor list due to the policy issue to buy from secondary market post listing. All the best
!! Whats wromg !! WIDRAWAL OF APPLIACTION IN MARKET... REASON later come to know each bidder that its promoted by Financial Technologies (India) Limited (JIGNESH SHAH) http://www.business-standard.com/article/markets/financial-technologies-tanks-over-60-stay-away-analysts-warn-113080100378_1.html
399. P M| Link| Bookmark|
October 11, 2017 5:06:59 PM
(1100+ Posts, 1100+ Likes)
Diwali Muhurt Trading on - 19 October 2017 Preopen session - 18.15 Trading - 18.30 to 19.30
Those who have doubts on why Foreign Portfolio Investors(FPIs) couldn''t participate in the IPO. Please listen to the below bloombergquint VIDEO carefully. The part of the video after the first 3 mins is more important.
Those who did not apply in IEX IPO will feel left out now. FIIs will purchase of listing day and stock may list at very good premium. Those who have applied need not to worry and it will be foolish to withdraw application now. Any way since RII is oversubscribed, 100% allotment will not happen.
IPO Name Offer Price Grey Market Premium Kostak Rates
Indian Engergy Exchange 1645-1650 100-105 300-350
You can check the said data on ipowatch.in.
396. R R Patel| Link| Bookmark|
October 11, 2017 4:59:09 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Indian Energy Exchange Ltd IPO: Subscription figures(BSE+NSE) @4:50PM:- QIB - 2.56X (closed) HNI/NII - 0.85X (closed) RII - 2.25X (open only for offline forms) Total - 2.18X *excluding anchor. Not so good figures. I have not applied. it''s only success is that it is finally fully subscribed. Now full focus on GIC IPO.
I presume the problem with the QIB subscription is FPIs are not permitted to purchase share of companies engaged in power exchanges in primary market (FDI policy 2017). However, FPI can purchase in secondary market. Therefore there may be a listing gain