Respected FICPL, Hardik Shah Jain, I am also interested to apply in JASH only one application latter seeing high price I applied in Reliable data services seeing subscription not fundamental I am also interested in CMM Infra as both Jash and CMM Infra have good fundamental and good allotment chances. What has happened forget that. Please advise in case of D.P.Abhushan sme closing today as its fundamental are also good. Please comment
34.1. Ficpl| Link| Bookmark|
October 11, 2017 12:15:18 PM
Top Contributor (200+ Posts, 500+ Likes)
You can apply for D P abhusan for the listing gain only.
Minimum 1 UC and Max 2 UC can be possible.
After second UC it can move further but If I get allottment than I will exit at second UC.
It is hidden gem. Don''t sell in hurry. Lot of venture capital funds have been allotted shares.( Look at Share holding pattern given with listing circular) Target 200+ in 1 year
Listing is tomorrow. Those who alloted dont sell lot before it make 150. One UC for sure.. will see at 150-160 at the end of week.. can also see 200 level before 2018.
I got one lot and want to trasfer my shs from icici dmat to another where i can trade it from. However the alloted shares are yet to be credited. Does anyone has any idea as to when the credit can happen to dmat?
May be below could help ( from the website of ministry of corporate affairs)
QIBs are those institutional investors who are perceived to possess expertise and the financial strength to evaluate and invest in the capital markets. A QIB is defined by SEBI as:
(i) a mutual fund, venture capital fund, Alternative Investment Fund and foreign venture capital investor registered with SEBI;
(ii) a foreign institutional investor and sub-account (other than a sub-account which is a foreign corporate or foreign individual), registered with SEBI;
(iii) a public financial institution as defined in section 4A of the Companies Act, 1956;
(iv) a scheduled commercial bank;
(v) a multilateral and bilateral development financial institution;
(vi) a state industrial development corporation;
(vii) an insurance company registered with the Insurance Regulatory and Development Authority;
(viii)a provident fund with minimum corpus of twenty five crore rupees;
(ix) a pension fund with minimum corpus of twenty five crore rupees;
(x) National Investment Fund set up by resolution no. F. No. 2/3/2005-DDII dated November 23, 2005 of the Government of India published in the Gazette of India; (xi) insurance funds set up and managed by army, navy or air force of the Union of India;
(xii) insurance funds set up and managed by the Department of Posts, India;
These entities are not required to be registered with SEBI as QIBs. Any entities falling under the categories specified above are considered as QIBs for the purpose of participating in primary issuance process.
I applied 4. Alloted 4. Little bit surprised & worried. As per bid 2 times subscription in retail category. But might be some have bid on lower band. So they have alloted those who have bid on the cutoff price.. overall very well managed compnay. Almost oligopoly market sharing.. very niche segment.. Experience management.. ebidta & net margin mainatained very well... export figures seems to be great.. overall deserve at least one uc on listing day. Long term target 180-200. ( 3-4 months) Short term target 150-160. ( 10 days.)