hai, ravi, sridhar and other genuine persons of this forum
how about applying in lovable ipo, my friends asked me for suggestions and they have not applied any ipo since long, what is your observations....
regarding my observations it is highly risky proposition, might give some amount of profit but can give equally huge loss incase of market slump....my observation is based on expereince not fundamental my observations is market may like these kinds of issue but when it is stable and booming but not when it is tanking..... apply with caution......there is risk involved....
Sreedhar, Thanks for the reply. You are right if the IPO is heavily subscribed then the allotment will be very less which will not give great returns even if it lists at a very high price. I will go ahead with some buys in secondary market. Based on you suggestion I went with Talwalkars and ICICI a month back which are in a decent profit now. Shall I buy the same at current market price? Will there be any major fall from the current level? Whats your call on Cox & Kings, REC and Yes Bank for long term? Thanks again...
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March 10, 2011 8:41:56 AM
IPO Guru (2500+ Posts, 2700+ Likes)
GOOD LISTING MOST OF US HAS MISSED THE BUS BECAUSE OF OMKAR HOPE WE WILL WILL DARE TO APPLY IN LOVABLE LINGERIES LTD FOR LISTING GAINS
Dear Vasanth, It is waste of time to apply for Lovable.It will subscribe heavily.allotment will be miniscule.Only scrap like Ravi distilleries,Acropetal can give good returns courtesy of some grey market operators.Any how when there are such compelling buys in Secondary market why go for any IPO at all.One person named Bhave has killed all IPO applicants aspirations by allowing HNIs to join retail investor quota.
Yeah Vas Nat, Iam also not sure about the listing but I think its good for long term. Want to see what level of subscriptions comes from QIBs as it closes a day before for them.
I am thinking of going for 1 application (2 lakhs) in Lovable Lingeries IPO. I dont think most of our board members are applying for it. There are no heavy subscriptions in QIBs,NIIs or RIIs till now. Whats your final call on this IPO?
Lovable allots 6.82 lakh equity shares to 5 anchor investors
Lovable Lingerie Limited , leading women's innerwear manufacturers today said it has finalised the allocation of 6,82,500 equity shares to five anchor investors at a price of Rs 205 per equity share aggregating to Rs 13.99 crore out of an initial public offer of 45,50,000 equity shares of face value of Rs 10 each for cash.
The company has fixed price band between Rs 195 and Rs 205 per equity share for its IPO, a statement said here.
It has allocated 2,92,683 equity shares (42.88 per cent) of the total anchor allocation to HDFC Trustee Company Limited-HDFC MF Monthly Income Plan, Long Term Plan; 97,561 equity shares (14.29 per cent) to SBI MF - Magnum Sector Funds Umbrella - Emerging Businesses Fund; 97,561 equity shares (14.29 per cent) to DSP Blackrock Micro Cap Fund; 72,743 equity shares (10.66 per cent) to HSBC Equity Fund; and 1,21,952 equity shares (17.87 per cent) to Birla Sun Life Trustee Company Private Limited.
The company's IPO will be closing on March 10, for qualified institutional buyers (QIBs) and March 11, for non-institutional bidders and retail individual bidders. The issue would constitute 27.08 per cent of the post Issue paid-up capital of the company.
It has allotted 10,00,000 equity shares of Rs 10 each at a premium of Rs 190 per equity share to SCI Growth Investments II pursuant to a pre-IPO placement through a resolution passed by the board of directors of the company, dated February 12, 2011.
SEBI has increased maximum limit to apply in an IPO from Rs. 1.00 lacs to Rs.2.00 lacs for investors. No intimation in Rs.1.00 lacs cases was sent to income tax authorities. Can any one let me know if the same principle now apply to Rs.2.00 lacs?