Pl. urgent help on following query. I want to do ASBA application by blocking funds in my OD account. But my bank denied & told me transfer funds in SB account & SB account can be blocked for application. Is my IDBI Bank correct? Can anyone help in this problem. Pl reply at the earliest.
IT will be a damp squib ipo and waste of time to apply in this IPO. it is already coming with p/e multiple of 18 . there is no govt compnay trading at such high P/E. The premium is just artificail and will fall heavily after closing of IPO. Dont see the stock above 900-1000 rs after listing which is its fair valuation.
even if anyone appplies they will get stock worth only 6000 rs so max gain will be 600 rs and loss will also be same. bakwaas ipo. it has not left anything for investors. it should have come at price of 600 rs to left something on table.
I am sure that this forum is meant for discussion about the individual feelings and merits and demerits of the IPO.
However, without noticing the type of business, we cannot compare the business of the MCX with other flop IPOs.
Will members sure that those people will not participate in this IPO?? So, learned members will keep in mind the feelings of other members and give their comments without bias.
the Promoters cost per share was Rs. 10 or less but today they are offering it for Rs.1032. When the Markets are down, then the public say that such IPOs will be taught a lesson to those charging a hefty premium but now when the markets are up, we public are blindfolded and apply such type of issue in the mad rush. IPOs which had Price band above Rs. 1000 is now heavily below par, like Jet airways, SKS Micro, VATECH Wabag and no issue held goodwill where the promoters offered/came out with Offer for sale.
212. SANJEEV SOOD| Link| Bookmark|
February 22, 2012 8:53:25 PM
Top Contributor (300+ Posts, 100+ Likes)
Did anybody notice , from the time SEBI has made "Non-Retail investors i.e. QIB and Non-Institutional Investors Bidding for more than 2 lac shall mandatorily use ASBA facility "
The first day over-subscription is shifted to retail portion , that is, this is the only portion where fraud applications can be made and withdrawn conveniently later as ASBA is not mandatory for retail .
This guju seems to know all the trics of the trade.
Dear all... As most of the members here know that i am pursueing CA, now i am assigned to perform the Statutory Audit for a listed sugar company (it's a south indian, so with a market cap of 700+ Cr) Now i am clueless about my duties and rights, so i need the help of the Experts... I had found some qualified CA's here, so can you friends guide me with, 1. Duties that is imposed on me. 2. Rights of mine to call for the informations. 3. Major areas where frauds/errors can be found....
Eventhough i was accompanied by a senior articles, he even don't know his work, he just looks into the ledger for TDS query, debtors and creditors transactions.., was this enough...? So friends help me out to perform my duty fully, because i know that i was representing for thousands and thousands of the company investors...