Allow nahi Kiya tha?...Kisne? Tumne allow nahi Kiya tha ya India government ne?....:D...
Ok...Just share the citation pointing to the moratorium on the FII bids in BDL, HAL, alongwith your definition of FII.
And for a simple reason, I won't even talk about rule #144a of the securities act just yet .....Kindergarten must precede all MBAs or Ph.Ds.... isn't it?
Hey! Do post that non existent link substantiating your argument....
Or may be bas keyboard hai, ungliya hai or time ki to koi kami hi nahi hai, isliye KUCH BHI ANAAP SHANAAP likhna band karo?.... :D
110.3. Pokemongo| Link| Bookmark|
March 28, 2018 8:20:40 PM
Top Contributor (400+ Posts, 300+ Likes)
according to US SEC disclosures norms are very strong and since the defence companies got exception fro SEBI to withhold information due to national security issue the FII were not eligible.
Only the US based parties investing through FPI route, at their discretion, decided against participating. There was no restriction or 'non allowance' from the issuer's end.
Again, as the term FII isnt exclusive to the US based investors or confined to one route of investment, foreign investors based out of US could have gone ahead with the bids....
Hopefully the market will start recovering from 1st week of April many good stocks are available at discounted price.. this is the time to enter instead of staying away
107. Pokemongo| Link| Bookmark|
March 28, 2018 8:19:11 PM
Top Contributor (400+ Posts, 300+ Likes)
alteast other defence stocks like HAL and bharat dynamics they were not allowed to bid due to US SEC disclosure norms. but they can buy from sec market. but right now they wont buy in secondary market as they are putting money in their own market.
Its notable how the FIIs bid for IPOs ranging from SMEs to small, regional construction firms like 'Karda Construction'...But they didn't bid for a single share in any of the Bharat / Hindustan IPOs......
So what gives? ....The only answer that comes to my mind is that the FIIs consider Naresh Karda more trustworthy than Bharat promoters....
Trust / distrust scenario does take centrestage when a promoter offloads stake in fertilizer firms and within days hikes gas prices.....When a promoter sells stake in world"s largest coal firm but inspite of of having loads of cash on books, shows no willingness to set up modern washeries, a move which could double the margins of the coal miner...When a promoter keeps bringing OFS at lower and lower price, making those companies look perennially overvalued....A promoter whose majority offerings, despite the raging bull market, trade pathetically below the issue price......
And since FIIs, unlike the retail investors can't fall pray to patriotic appeal in those company names or the everyday slogans, they stay away from such offers..
Good observation @anarchist Bhai!! I also noticed the same thing, FII haven't bid even for a single share in all these PSU IPO. They have given a royal ignore. Perhaps they are more pissed off of LTCG and expressing the anger agnst GoI.
Exactly!..It has now become a matter of principles for many.....No matter how attractive the valuations may appear,, all companies by this one promoter are a strict avoid...
Or it could be pure economics. Assuming NII are advanced RII, if we have applied to these, why would they do anything different? We all know that these PSUs would be available at a discount looking at recent listings. Why waste money?
In the past, PSU offerings used to be very exciting. .....They were priced rationally, leaving quite a bit to gain for the investors who reposed trust in them...
And today's offers? .. One may stay invested till their last breath and still have nothing to show in the name of returns.... May it be the pricing or the discount offered, everything is so unfair, so insulting ..And then the ever looming follow on offers, policy changes that blatantly paralyse the operations of these companies...all this can only add more insult to the investor's injury....
105. R R Patel| Link| Bookmark|
March 23, 2018 8:15:58 PM
IPO Mentor (800+ Posts, 3400+ Likes)
I am sharing my experience In my view good portfolio must including some stock showing strength in falling market like following in my portfolio Aarti Industries Alkem Labs Apar industries D mart HDFC Bank Endurance Technology ITC Infosys L&T Quess Corp. Welspun Enterprises Venkey Some monthly/weekly SEP in stock like above
Presently i have 50+ different stocks of following sectors Banking/Finance Auto/Auto ancillary FMCG Pharma & Healthcare Engineering/Capital Goods Construction/Real Estate & Bldg Material Chemicals & Fertilisers Refineries/Oil-Gas Information Technology Shipping & Logistics Retail Textile Metals & Minerals Aviation Paper/Printing & Stationery Consumer Durables Paints Cement In this bearish market looking good like Advance Enzymes Ashoka Buildcon Ashok Leyland Ajantha Pharma Amber Enterprises Apar industries Capacite Infra CDSL Gabriel India Godrej Agrovet HDFC Bank Infosys KNR Construction Mahanagar Gas Marksans Pharma Navneet Education Prakash Industries PFC REC SBI Tata Global Beverages Tata Coffee And many more Buy quality stocks and accumulate more n more on ever dips I am just sharing my views and bythe way i am not expert.
All retailers will get full allotment and after listing we all know what will happen. I already mentioned not to apply for this ipo. Congrats to them in advance for booking heavy loss. Listing will be around Rs 20 below the issue price. Retailers deserve it who does not take lesson after Baharat dynamics listing.
103. R R Patel| Link| Bookmark|
March 23, 2018 2:42:43 PM
IPO Mentor (800+ Posts, 3400+ Likes)
In current bearish market avoid IPOs and focus on secondary market where many quality stocks available at cheap price so accumulate good stock for medium to long term and build a good portfolio.
103.1. R R Patel| Link| Bookmark|
March 23, 2018 4:17:55 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Mishra Dhatu Nigam Ltd. IPO Subscription figures(BSE+NSE) on last day @4:10 pm: QIB - 1.96X (closed) (NO FII participation) HNI - 0.12X (closed) Retail - 0.68X Employees - 0.24 Total - 1.20X No. of applications received in retail category 44909 only. I have not applied.
103.2. lokes| Link| Bookmark|
March 23, 2018 5:40:16 PM
IPO Guru (4400+ Posts, 5100+ Likes)
R R PATEL SIR, have you applied in SANDHAR IPO, what about listing of same ipo, negative or positive listing see QIB & HII support listing will be 350 or below issue price. Please give you comment.
102.1. R R Patel| Link| Bookmark|
March 23, 2018 8:21:32 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Due to current market sentiment, i have applied only in Bandhan Bank IPO.
If NMDC, NFL, NIA, GIC etc make for some delicious meal for the Nation Builder investors, this 'Mix Dhatu' can surely be looked at as the 'tea time snack'......
I believe there is a popular snack item called ' Navaratna Mix or may be Pancharatna Mix' ...So here is the all new 'Mini Ratna Mix' for the parrots to savor alongside their tea..
I understand the plight of Qualified Institutional Babu's (LIC). They must listen to thwir master's voice and obey or be ready to lose job...
But the retail? It's surprising how they behave as if their psych is affected by compulsive investing disorder... Monopoly etc is one thing but the promoter parry"'s track record is the most important factor...Have they been investor friendly? Do they care to protect investor"s hard earned capital? ..No..NEVER !