I am not applying anymore for IPOS. Waste of time & money. There is very small chance of geting & when you get most of the IPOS are close to their offer price.
folks - apply with max. limit on indian bank. the recent half figures looks very lucrative. may be this ipo will be oversubscribed more than 100 times..
As per article in Times of India dt. 06.02.06 that grey market of Ahmedabad premium is for Indian Bank & Idea cellular is Rs.15/- per share and Rs.22/- per share for Power Finance on listing
Hi friends. PFC is very good ipo and may give good listing gains and even long term profits. INDIAN bank ipo may be typically banking sector ipo (exceptions ICICIbank and HDFC bank) .Means may not give listing gains as another sector. Otherwise INDIAN BANK is vey good share and invest in it for long term perspectives .It is Better to invest in in it after listing and at near cutoff price of ipo after listing. (Its my choice or opinion) But try to manage some more money or divide your budget for another grand grand grand and superb ipo -"idea cellular" in february mid (almost 15th feb is close day). So choices are very good for both the ipos if u can arrange and manage your budget (funds) properly. Bye Bye ALL the very Best
Sell those stocks in your portfolio where there is no movement in the price and subscribe to Indian bank and PFC... Both being in the finance industry are going to give excellent listing benifits and returns.
The bank has reported a total income of Rs. 2,269.47 crore in the half-year ended September 30, 2006, against Rs. 1,831.17 crore in the year-ago period.
The net profit after tax was Rs. 334 crore against Rs. 234.60 crore.
In March 2005, the bank had a paid-up capital of Rs. 4,573.96 crore. The bank netted of its accumulated unabsorbed losses of Rs. 3,830.14 crore against the paid-up capital with effect from March 31, 2006, and the balance of Rs. 743.82 crore was retained as share capital.
Subsequently the bank restructured this capital base into perpetual non-cumulative preference share capital of Rs. 400 crore consisting of 40 crore preference shares of Rs. 100 each and equity capital of Rs. 343.82 crore consisting of 34.38 crore equity shares of Rs. 10 each.