Interarch Building Products Limited IPO Message Board (Page 20)

Because you are holding Akums & not holding Ola ;P
Just kidding.

​@Future Millionaire If you ask SEBI, answer will be 'Meri Marji' 😉

Well, depending on volume, demand, price fluctuation etc. circuit limits get decided as 10, 15, or if required be enhanced to 20%

Nice suggestion 👍

There is already one section
https://www.chittorgarh.com/ipo-recommendation/interarch-building-products-ipo/1811/#analysisTable

​@Surya H R Great 👍 Thanks for the update 😃

For Shareholder Quota, can we apply through our Broker like Upstox, Groww, Zerodha etc or do we need to go through ASBA route only?

Further, any information on what is the record date to be eligible for the shareholder quota of this ipo?

​@Henry Avery Normally RHP fillling date is record date so need to buy before that.
If your broker app show shareholder category then you can apply through app.

​@ashish.jain 

Thanks.

May I ask if it will be suggested that I activate ASBA in my bank a/c (For applying in Shareholder Quota)?

Further, in Shareholder quota, can we apply for the ipo through any bank ASBA or do we need to apply from a specific bank a/c ASBA only?

When can we expect the ipo by?

​@MuStrFc Aren't HNI/Non-Retail bids should be more than 2 lakhs only by default?

Not necessarily, Non Retail isn't HNI only. It includes Non Retail form of applicants also viz. HUF, Firms etc.

Retail is individual only in OFS. @Anuwak

​@MuStrFc I didn't know that. Thanks 🙏

So, that means a individual PAN holder can not apply in non-retail category? Even if applies for more than 2Lac ie as an hni?

Yes, correct @mark bab

Learned members please enlighten on the process of ofs, this is my first. Can we apply through SBI asba??? Thanks in advance

​@Dr. Vara @Vnrao The floor price that creates that gap of 15-20% is for Non Retail segment which opens tomorrow and on the basis of bids the NON Retail segment makes the floor price for retailers is decided for 19th August.

Further since the gap is quite wide from the CMP, expect the stock price to slide lower tomorrow which reduces the gap.

Please check this link which gives details regarding OFS application in Zerodha. Process will be same with other DPs

https://support.zerodha.com/category/trading-and-markets/corporate-actions/offer-for-sale/articles/how-do-i-apply-for-ofs

Thank you @MuStrFc and @Chhote Lal for your kind suggestions.

The gap will be filled. @Vnrao

when I alloted shares in HindZinc OFS, Shall I eligible for special dividend to be declared in meeting dated 20 Aug,2024 ?

​@RealQueen It will depend on the fixation of record date. If shares through OFS are credited before this date, you will be entitled for the dividend, or else no.
I have my doubts that shares through OFS will become eligible for dividend. Let's keep a watch!

​@RealQueen Record date is 28th August so if you have the shares by then, you are eligible.

​@MuStrFc @Chhote Lal Many thanks for your kind response. Please keep posting your veiws, which will guide people like me.

Which platform allows to apply in OFS? Because i know only one platform which is Zerodha Kite.

​@ShubhamSejpalRajkot/Mumbai Other than Angel One, most DPs are servicing OFS application. It is rather easy to apply from Zerodha.

Upstox is not allowing to apply for ofs in hni category

Vedanta's stake sale in HZL will occur in two phases. On August 16th, Vedanta will sell approximately 5.14 crore equity shares (1.22% of HZL's total equity share capital) exclusively to non-retail investors. Later, on August 19th, the issue will open for retail investors and non-retail investors who wish to carry forward their unallotted bids from the previous phase. The price for the stake sale is Rs 486 per share. Individual investors can bid for a maximum amount of Rs 2 lakh.

​@Jey Nayak 

If anyone bid the proper price in OFS, he will get the handsome returns in that short time too. But most importantly that one have to understand the whole mechanism of ofs.
Till now have participated in number of OFS like Power Grid, NHPC, HAL, Glenmark Life, Patanjali......
My experience in all ofs is wonderful & very fruitful too. Best wishes

Btw

May our nation always stay united and free. Happy Independence Day 2024!

Saluting our brave heroes on this Independence Day. Wishing you joy and pride! 🚩🏳🏁.

Thank you.. @abc xyz , Yeah actually I want to know how OFS works. What is the mechanism behind this. At what time we need to bid for OFS, and how to determine at what price we need to bid. Floor price is different, CMP is different and allotment price will be different. So how to determine at what price we need to bid.

The one more thing, like ❤👍 about the OFS is you can get the confirm allotment provided that if you have bidded it successfully . Secondly one can bid it for the amount whatever you like it. In other words there is no upper cap for bidding it like ipo.

In ipo one have to depend upon luck but here it's nothing like that but it's a just tricky one. 😀😃😄😆

​@abc xyz , for example say floor price is 500rs and CMP is 600rs. If I bid for 530rs and if clearing price will be 525rs, will I get allotment or not, if yess then at what price, 525 or 530?

​@Jey Nayak FPO of Hindustan Zink is a very interesting subject. FPO at a floor price of 486, about 15% discount of yesterday's closing of 572.

Also important to know 52 week low of 265 on 15.03.24 and high of 807 on 22.05.24.
Stake sale by Vedanta was 2.60% increased to 3.31%, from 11crs. Shares to 14 crs. Shares.

A Constitutional Bench of Supreme Court's judgment of 25th July, 2024 granting states the power to tax mineraland mineral bearing land will apply retrospectively. Past dues can be recovered from 01.07.2005. This is going to effect mining companies. Big fall was seen in such mining companies by this judgment.

Just sharing that HZL was a PSU till 2002 and Govt. Sold 26% share holding along with management control to Sterlite which is part of Vedanta Group for Rs.40.5 per share. A year later, another 18.92% was bought by the mining conglomerate.

Looking into present price of FPO, necessary decision to be taken at personal level and according to personal financial appetite.

This was not your query but I shared the part information for knowledge. It may helpful sometimes. May be useless for some.

Please correct me wherever I am wrong.

Profits and Losses are part of Luck. Thanks.

​@Jey Nayak You have keep a close watch on bidding on NSE & BSE and also on the current market price. Although bidding process doesn't update in real time. Usually 5-10 minutes late. And then calculate the total number of shares in both BSE & NSE and wherever the total matches the number of shares offered in OFS, place your bid price little higher then that price.

​@newgen consultancy @rohiitian @MuStrFc @abc xyz @Rakcyt @PKRAJ @Crow & other esteemed members, what is your view on Hindustan Zinc? It went up by almost 180% in 2 months & then corrected by 30% & now OFS is at further 15% discount (Although cutoff price will be higher).
& how will the recent Supreme Court verdict will affect HindZinc & other mining companies?
SC verdict: To pay the state levy from 2005 till now.. the payment should be done in next 12 years, but any future mining production will attract state tax also.

Correct me if I am wrong & give your valuable advice.
Sorry for off topic post.

​@Anuwak That court judgment appears more of an industry wide action so all get effected, and since they have 12 years to pay off those, it will gradually be passed on to the end users of the mining products, so price rise pressure for all customers across the board is expected but will likely get managed since it isnt targeting any specific company.

As for the effect of this on the share price, its minimal and to some extent seems already done away with.

Q2. Can one apply under both HNI on 16th & retail on 19th with same PAN?

Q2. If successfully gets allotment under HNI on 16th application, can the sahres be sold on 19th?

​@Chhote Lal  or any other informed investor pls.

​@mark bab In zerodha, my retail bid was cancelled in GLS as I bidded in Non-retail a day before but was not allotted.
And yes, you can sell the shares on 19th if allotted on 16th.

​@Anuwak  Thanks 🙏

Did you bid above cutoff in non-retail and even then, it was not alloted?

Or your bid was below the final cutoff, so did not get any shares?

​@mark bab I applied (as an individual) below cutoff in Non-Retail, hence not allotted. & then applied in Retail above cut-off price, but still not allotted as cumulative bid crossed 2 lakhs.

Which platform allows to apply in OFS? Because i know only one platform which is Zerodha Kite.

Anyone please tell me what we can undertanad by this. Now the indicative price is around 492, so this means whoever bids more than this price will get allotment or how?

​@Jey Nayak Please share the NSE link

Nse link:
https://www.nseindia.com/market-data/ofs-information?symbol=HINDZINC&series=IS&type=Active

Hindustan zinc price crashed by 8%. Now at 522. Is it ok to try OFS???

Nse equilibrium price is 494.54. Does this mean that if I had applied at 495 I would have got the shares?

Yes, in most likely cases. @ashish.jain

​@MuStrFc @GrayIsTheNewBlack how to check the allotment status for OFS bids?

You will be notified by today evening / night if successfully allotted @Bibhu

​@mark bab To the question, Can one apply under both HNI on 16th & retail on 19th with same PAN?

Answer is NO

If you apply in HNI on 16 and again in retail on 19th, your retail application will get rejected!

Thanks @Anuwak and @Chhote Lal  for clarifying the doubts.

I finally applied 405 @ 495.55 today. Lets see what happens.

applied at 486.5 (assumed they would exercise the greenshoe option) and the subscription was too low for the additional quota of shares... seems like they have exercised it now, so hopefully everyone will get their applied shares as long as the bid price is 486 or above ?

Has anybody used Kotak Securities for OFS bidding? I used first time today, and found it to be pathetic, to say the least.
Earlier have used Reliance, SBI, ICICI interfaces, and found them very convenient even 10 yrs back.

In Kotak Sec, they don't have a feature to modify the OFS bid! I had to call them to modify my bid, it took over 8 minutes to modify. How can it be practically done in dying minutes of an OFS?
Ultimately, I had to overbid to get assured allotment.

Yes, @The Stock Sensei. Anyhow this was fairly evident from morning as subx was going at quite slow pace and picked up only after 1:30 if i correctly recall.

Never trusted Kotak in terms of Capital Markets after their poor bank servers. They are still primitive on some terms.
Zerodha, Nuvama has been by far the best for me for OFS @ValueSeeker

​@Chhote Lal bhai, are u sure about application not allowed in both categories under same PAN?

I have already got allotment in non retail, shares are credited in demat, amount also debited.
Now what can they possibly do if I further apply in retail too on Monday?

Your retail bid will get cancelled before allotting you any shares if a non retail bid is found against your PAN. @ValueSeeker

WHAT IS CUT OFF RATE FOR RETAIL

Total 5.14cr shares alongwith additional 8.23 cr totalling appx 13.37 cr shares . Why this not subscribed fully . Is there any selling pressure on monday till floor price,......

​@MuStrFc bhai, means a situation of no risk, so no harm trying a retail bid against same PAN!

​@PLAZA bhai
No, approx 63 lac shares available for retail. They exercises green shoe option only upto the extent of Friday's non retail bids. For more clarity, please refer to Vedanta 's corporate announcement submitted yesterday evening.
In fact, they have also declined the rumours of special dividend in Hind Zinc. It will be a regular second interim dividend.

​@ValueSeeker Perfect meaning thereby hohgnetworth people were not interested in shares otherwise greenshoe will fully even more subscribed . If it is so then cutoff was floor price...and for retail again floor price. ...if I missed pl correct ..
Disclaimer i hv not participated in this

Depends whether the prices remain where they are or slide futher close to cut off, and in that case buying directly from market and OFS becomes essentially the same. @ValueSeeker 

Yes, the denial of rumours meant lesser subscription. But also since the gap was quite wide when the OFS was announced, the fall was expected, which can extend as well due to panic @PLAZA

​@MuStrFc bhai, yes, market price will obviously have to be kept on watchlist. But, whether from OFS or market (whichever is lower), is it a buy? I very strongly feel, it certainly is. Seems just yesterday that it was hovering around its year high level of 775, has corrected almost 35% from those levels.
Disclaimer: I don't mind holding it for long term. I indirectly hold its parent Vedanta from Cairn India IPO time.

​@ValueSeeker Agree with your views. Although i accrue some part of those upmove to PSU and Liquidity, but that does not deny that Vedanta has strong parentage and maybe the current news is undermining the price. I expect things to get more clear when the price goes ex-dividend.

Not to forget :
1. Promoter is Mr Anil Agarwala.
2.He is a master in inflicting loss to the shareholders.
3. In Cairn case , he successfully inflicted huge loss to the shareholders to which I am a subject.
4. In Vedanta case , he made an attempt to snatch @Rs 84 or so . But thankfully LIC stood strong to foil it's attempt.
5. More than half of the OFS is still outstanding. Price in the market dropped below 517. It will further drop on Monday and may go near the OFS price as well.

I shall try to see whether there is trading opportunity on Monday rather than applying in OFS.

​@Asoke sarkar Can u explain point 3 4

​@Asoke sarkar Good morning. Sorry, I may like to correct you a bit. Promoter of HZL is not Mr. Anil Agarwala. Hindustan Zink was PSU upto 2002. In April 2002 the Govt. Off loaded 26% stake in HZL to Sterlite for 445 crore, thereby giving Vedanta Group Management control in HZL. Vedanta Group later bought 20% from the market and another 18.92% from the Govt. In November 2003 raising its ownership in HZL to 64.92%.
High and low of 2024 need to be noted. From low to very high. So, your views are in line, otherwise.
Monday will be very interesting day for Hind Zink. Let's see whether Rakhi is tied by the Company on investors hand or not.
I have shared all this in this chain above.
Have a nice time.

​
PKRAJ
Sir,

Sterlite ,Sesa Goa, Vedanta ,Hz
Dwarka P Agarwal 's two son Navin Agarwal and Anil Agarwala and others like Kiran Agarwal , Priya Agarwal...........of Agarwal family. They are promoters here and there.Who knows better than you their activity ?
Serlite , sesa Goa, cairn India Chuna lagaya led by Anil Agarwal . I can't forget.
Have a nice day Sir
Thank you

​@Asoke sarkar I also lost money in cairn india due to merger. Share wap ratio was not beneficial for cairn india shareholders.
As far as your point no.4 is concerned, it is related to deliberate delisting attempt of vedanta ltd by promoters at very low price through reverse book building process which could not get through due to LIC reluctance. Mr.Anil Agarwal still repents for it as he could not persuade lic after good lobbying in government.

​@Anuwak  I always read your comments on OFS keenly as you are expert in this segment , besides wonderful insight by @MuStrFc @PKRAJ @Chhote Lal .

My startegy on Monday seems to work for market buy more than OFS as retailers are still in doubt wrt SC judgement as well as Vedanta group itself .......the cyclic nature of metals is always worrysome. Had roller coaster experieny in the recent past with few of these stocks as the fluctuate with changong global cues viz., Bobd yield, USD index and base metals demand , particularly silver in case of Zinc .
Risk to reward need to be worked out ......my call will be short term gains, if any , else get stuck for longer period if no SL.

​@Mayursinh Vaghela CG pages offer abundance of useful inputs from IPO details to Reviews to subscription levels to Live GMP etc. for anyone to go through and take informed decision. In addition, member community carry out discussions to answer queries, clarify, inspire, motivate and help each other 😊 One should participate actively to reap full benefits.
Profit aayega ya nahin, yeh to aapke luck, allotment aur timely action pe depend karta hai.

Best Wishes 🍀

​@Mayursinh Vaghela People are generally active in an IPO page only when it is open because there are just too many IPOs open at a time..

Exception being if it is huge or has shareholder quota or subsidiary of a well known company etc..

You just ask a question, chances are people will answer them most of the times..

₹1000 per advice