Hi everybody hope u all r doing well can any one pls confirm whether there is a confirm allotment for those who applied for Rs. 99000/- worth of shares in mundra ipo...(at cut off)
dear 724, allotment is not state or region based. It is purely on basis of recd. applications, no of lots applied for and how many times the issue got subscribed( for us the data related to retail subscription is relevant. The allotment formula worked isout on that basis. have patience ususally all registrars to issue give at theie website as weel as in newspapers what the basis of allotment was.
dear 723 I do not agree with your answer to 722. Every applicant who has applied right from lowest lot to the highest has a chance of allotment. The only thing is that the the ratio of sucessful allotees will be low in lower ranges and higher in the higher ranges. see the posting on religare thread. wherein this is clearly seen, in the lowest lot ratio was 1:89 and for highest 16:95(that is 1 out of every 89 applicants who applied for a single lot and 16 out of every 95 allotees who applied for 15 lots got allotment of 1 lot). So everyone stands a chance
It is kinda getting monotonous looking at repeat questions like, "How much will I get for 99 K application?". It would be helpful if we try to read what other people have already posted in this forum and I'm pretty sure it would answer 90% of all your doubts.
I did not want to create a furore here..It was a opinion...there was a disclaimer at the end of the message...
I dont want to reply to individual scraps...But as some ppl like Ravi have put it in...All I am saying is look for opportunities..Look at dips....If you bought RPL at 274 think it is sheer stupidity....(sorry to say that...its not hindsight)...
Rajeev....you might have invested in Leelas and moved out of it at a loss...Its a tip...and it will rise..all stocks have phases...(this is my analysis and it is backed by a lot of firms)...my advise...wait till the end of the year..then we will knw...
Agree with a lot of you guys that there is a lot of safety in IPOs...but one thing...in my opinion the IPOs are getting oversubscribed it just depends on urluck on allotment..;)
@ 716 I have a few points for both Mr. 716 and the rest who criticised him. I would like to put them forth with my personal experience. The point is when i entered investing in equities i knew nothing about all this listing price,gains,premium and all. But as it progressed i slowly got acquainted with all these terms and i 've started moving into secondary markets now.Thus IPOs provided me a learning opportunity with less risk.Start with IPOs if u are a fresher. What it means is that ur investment should be a healthy mix of both IPOs and Equities. When u find some really good scrips(depends on ur ability to judge) @ reasonable prices u should not miss them out. In the meanwhile u shd risk locking 1 lakh rs in good IPOs like power grid, Mundra, Rel Power etc. u shd not confine urself to IPOs or equities.
See Rajiv some times we have to think about @713 words also. You may have lost money in 1 or 2 scripts but this will not be the case for all. Same Hotel Leela i bought at 48 and sold at 52.
I have a point here for 713. If you know stocks which perform well then you need not look into IPO at all. I wonder how many of you know good performing stocks on a volatile market. Consider u had invested 100000 in RPL at 274. What will be ur return now. I am happy to gain a profit of 6000 by applying for an IPO even if my 10000Rs get locked for 1 month. But if ur taking loan and applying then IPO is not safe bet. U have to play in the market and try your luck.
Regarding Hotel Leela I am wathing it for last 1 year. When it was around 70 there was this news in NDTV (Buy Call) that its target was 320 in 1 year. Those who bought shares of this have become paupers. I bouth 500@75 and then had to sell it at 65.
Mr Rational investor @ 713, what you have not considered is the amount of safety i IPOs. If you keep yourself regularly updated during the time any IPO is out for subscription, you can easily or let me say approximately make a rough guess of the oversubcription amount. So, When you invest 99000 in mundra, you know that you will e risking 6600 or at the most 13200. When you put in 74000 in stocks, you take a higher risk. Comparatively, the premium gains of IPOs (20 to 100%) Are way more attractive and safe.
Your chances are nil as this IPO got fully subscribed at Rs 90000 bids. Intime people have just confirmed on CNBC awaaz . Those who have applied for less than 90000 will not get any share.
Your chances are nil as this IPO got fully subscribed at Rs 90000 bids. Intime people have just confirmed on CNBC awaaz . Those who have applied for less than 90000 will not get any share.