GENRALLY HNI INVESTOR APPLY IN IPO BY TAKING SHORT TERM LOAN BY DIFFERENT LENDERS AND THE INTEREST RATE IS GENERALLY 16%-18%.
IN CASE OF MCX IPO THE HNI SUBSCRIPTION IS 150 TIMES AND THERE ARE ONLY 9 LAC SHARE IN HNI QUOTA SO, THEY MERELY GET 8-9 SHARES ON HIS INVESTMENT.
NOW QUESTION COMES WHAT IS BREAK EVEN . IN THIS SCENARIO BREAK EVEN MEANS THE TOTAL COST PAID BY HNI TO ACQUIRE THE SHARE MEANS 1500/- RS IS ACTUAL COST PRICE FOR HNI NOT 1032/-. SO, THEY DON'T SELL THERE SHARES IN LOSS
After a record-breaking investor demand in the Initial Public Offer (IPO) of its shares, the country's largest commodity exchange MCX may get listed in the stock market this week, possibly on March 9.
Multi-Commodity Exchange (MCX), which is set to become the country's first bourse to get listed, is planning to allot shares to successful IPO bidders by the middle of this week, pursuant to which it plans to list on the BSE, sources said.
The shares could be allotted by March 6-7 and the listing could take place on March 9, as the markets would be closed for Holi on March 8, they added.
Post its listing, MCX would have lakhs of retail investors as its shareholders, unlike other privately-held exchanges where majority shares are owned by a few foreign and private entities.
Experts believe that the robust demand for MCX IPO could also lead to other exchanges getting listed and also help revive the overall primary market.
ONE MY FRIEND WORKING WITH AHEMDABAD BASED BROKER AND HE TOLD ME THAT BUDGET TAK SHARE UPPER CIRCUIT PAR RAHEGA KYONKI KI 1500 KE NEAR BREAK EVEN HOTA HAI HNI CLIENTS KA AND GOVT IS PLANNING TO REMOVE SECURITY TRANSACTION TAX IN BUDGET. SO KEEP FINGER CROSSED FOR AROUND 1700 RS FOR THE SCRIP
Finally the faithful LIC bails out GOI...buys out all unbid ONGC shares at more than (Market Price)...a shame really for the Ministers & secretaries of the non-working govt...!
Its a good decision by LIC to buy ONG shares rather than selling shares at lower price in an FPO to retail and foreign punters. By this Govt realized higher value on public asset.
Basic questions are: (1) Whose money is LIC investing and (2) isn't Government's (read decision makers) action a fraud on the honest tax payer. Is this the way to manage a budget, in the name of disinvestment?I hope the CAG would focus on these questions.
Basically it is like spoilt brats like selling family assets to enjoy a 5-star life...! But in India that's the way of life for those in GOVT...be it bureaucrats or....the politicians...
Dont sell ur bonds, you will not get the opportunity of getting bonds at 8.3 again
March-15 is monetary policy date, with GDP down there are heavy chances of 25 bps rate cut which will lead bonds to rally.. Those who have any doubt can see the link http://www.moneycontrol.com/news/business/estimate-interest-rate-for-bond-issue-at-795-810-rec_671422.html Read the full comments where it is mentioned that interest rate on REC will be 50 bps lower than gsec yield on 29th feb(yestreday close was 8.2)
With REC coming at 7.7 and 7.8, you can easily judge the value of IFRC bonds