Mrs. Bectors Food Specialities Limited IPO Message Board (Page 24)

Apply only retail. 1 lot in both the accounts.

Following are BoAs for some of recent oversubscribed IPOs where BoA is clearly available in this forum -

1) Chemcon
Retail 2 out of 53
NII 14 lots 22 out of 707

2) SbiCards
Retail 66 out of 79
NII 14 lots 12 out of 37

3) Ujsfb
Retail 35 out of 1102
NII 14 lots 35 out of 1169

From above it would be clear it is better to apply in retail.

In this IPO 35% is for Retail so retail has higher chance of allotment. Apply retail even if you have funds.

i think otherwise, depends on how much funds you have, sometimes doing hni application may give you better chance than retail. eg. if you had 3 lk, probability of getting burger king was higher than retail. agree ?

BoA is not that simple. There is one more factor that needs to be considered i.e. number shares allocated for each category in addition to ratio of allotment. Another thing that has to be considered is how shares are distributed in different categories - for retail distribution is equal based on number of applications for all categories while in HNI it is proportionate.

Basically all applications are put together based on number of lots applied for. So all those who applied for 1 lot go together in category 1, those who applied for 2 lots go together in category 2 etc.

Going by the e.g. of Chemcon

Category 1(Retail bids 1 lot - 44 shares)
      No of applications - 1769347
      Total No of shares applied - 77851268
      Ratio of allotment (2:53 - 1:26.5)
      Total No of Shares for category - 2938936 (66794 lots)
      Ratio of Total No of Shares to No of applications - 1.66

Category 2(Retail bids 2 lots - 88 shares)
      No of applications - 96993
      Total No of shares applied - 8535384
      Ratio of allotment (2:53 - 1:26.5)
      Total No of Shares for category - 161084 (3661 lots)
      Ratio of Total No of Shares to No of applications - 1.66
      
Category 14(HNI bids 14 lots - 616 shares)
      No of applications - 1414
      Total No of shares applied - 871024
      Ratio of allotment (22:707 - 1:32.14)
      Total No of Shares for category - 1936 (44 lots)
      Ratio of Total No of Shares to No of applications - 1.37
      
Category 17(HNI bids 17 lots - 748 shares)
      No of applications - 66
      Total No of shares applied - 49368
      Ratio of allotment (1:22)
      Total No of Shares for category - 132 (3 lots)
      Ratio of Total No of Shares to No of applications - 2
      
Category 18(HNI bids 18 lots - 792 shares)
      No of applications - 50
      Total No of shares applied - 39600
      Ratio of allotment (1:25)
      Total No of Shares for category - 88 (2 lots)
      Ratio of Total No of Shares to No of applications - 1.76

Now in this if you see category 17 and 18 allotment ratios were 1:22 and 1:25 which is prima facie better then retail allotment ratio 1:26.5 which would make us believe that chances of allotment in this is better. Now check how many lots are available in these categories - only 3 for 17 and 2 for 18. Compare this number of lots available for retail. You will realize what I mean. In category 17 even though ratio is better then retail due on 3 lots being available you get only 3 opportunities to get selected. Similarly in Category 18 you get only 2 opportunities to get selected. While in retail Category 1 there are 66794 so you get 66794 opportunities to selected. Now which one do you think has more chance of allotment of 1 lot. Add to this if instead of applying 14 lots in HNI if you apply 14 different applications you are multiplying your chance of allotment.

There is one more thing in HNI - Chemcon was subscribed 445.47 times so all those who applied for 446 lots have confirm allotment. Below 445 lots if there are categories which have very less applications then there is very high possibility none of them get any allotment as no shares get allocated to that category during distribution.

Based on this detail research I have been advising retail to apply 1 lot multiple applications. I am doing the same and enjoying allotments and profits:).

Could you explain this, can I apply for one lot from 3 different accounts with the same pan card in retail category?

It is due to short covering. There was lot of shorting on listing day and some shorting yesterday.

Seems like Harshad mehta story, big bulls vs Kolkata bears lobby :)

Wondering sebi should have ordered burger king trade to trade group as this is a loss making company and operators stunning manipulation doubled within 3 days listing a miracle certainly

upper circuit revised to 10%

Bse ipo application status check.
Google it then give fill all required

Till today not updated. might get updated tomorrow.

https://www.bseindia.com/investors/appli_check.aspx

Please visit Antony Waste Handling page and share your views.

Bade Bhai does that mean that at 286-288 price band this IPO is already being issued at premium...that means listing pe bahut slow growth ya negative growth dikhegi? Am i right?

Always appreciate your estimate on subscription multiple.

Thanks!!

Please reply to my query ???? eye..it will clear my concepts a lot.

@Ankshr the GMP is 205-240,almost 80%premium ,so the listing estimate is 288+240 ie 528 ,it's not a slow growth

Hello Eagleye,

Please explain how do you calculate interest cost?
Isnt it 14400*.065*(7/365) = 17.95 for 1X ??

Thank you @eagleye madam

Thank you @eagleye madam