Mundra Port and Special Economic Zone Ltd IPO Message Board (Page 202)

15 for165

I have applied 165 shares @ cutoff. How many shares do i get alloted with?

What do you mean by application rate?

If one has forgotten to specify the depository account name in IPO form, will it be rejected ???

Abhijit, check with icici call center if your SB account micr code is upadated with your demat account. If not, then you will get all the dividends, IPO refunds, etc through cheque only. If it is updated then it is upto the company that they want to do it through ECS or through physical cheque.

i hav applied for 165 sheres @ cutoff. what are the chances of allotment.

What is the Retails Subscription rate and for Empee aslo..any one have an idea till this time???

I always get the refunds for IPO thru cheque.I have my account with ICICI bank and use ICICIDIRECT for trading.
I never get thru ECS and so I face lots of problems whn I am not in town. Can anyone tell me wha I should do to get refund in ECS.

AK/245,
Irrespective of the tax bracket one falls in, "Short Term Capital Gain" is taxed at 10% only. "Long Term Capital Gain" is tax free, provided STT (Securities transaction tax) has been paid (which you have to pay if the trade is through stock exchange.
If the total duration of holding the shares is less than 12 months (365 days), it is Short Term Capital Gain (10%), otherwise, it is Long Term Capital Gain (tax free)

Retail will get oversubscribed by nearly 18-20times!!!!

how much time retail portion subscribe right now

Mr. Ram @241 - can you pls. clarify the last sentence - Do you mean to say that if i bought a share in last f/y and sold it in current f/y (in profit) after agap of 12 months, then i don't need to pay any tax ?

Also, you have mentioned that if shares are held for less than 12 mths, one has to pay 10% as tax, What if somebody falls under higher tax slab ? Will not the person be required to pay the tax for the slab in which he falls in (could be 10%, 20%, 30%) ?

Mr. Ram @241 - can you pls. clarify the last sentence - Do you mean to say that if i bought a share in last f/y and sold it in current f/y (in profit) after agap of 12 months, then i don't need to pay any tax ?

Also, you have mentioned that if shares are held for less than 12 mths, one has to pay 10% as tax, What if somebody falls under higher tax slab ? Will not the person be required to pay the tax for the slab in which he falls in (could be 10%, 20%, 30%) ?

Hi ipo raja,

I hv applied for 225 shares in mundra port.Now plz tell me which is better option from the two?

sell the application form in market for Rs7500 OR

retain application?

how many shares can I get for 225 shares application? on minimm side....

how much time retail portion subscribe.

Hi... what is the application rate... how is this defined and who defines it. Let I want to sell my application of say max retail limit (1 lakh), how can I do that. How to find buyer for the same.
Is this something legal?
How to trade in grey market?

Dear Vikas,
AK is partly right and partly wrong.
In case of equities held for less than 12 months (which will be the case in case you sell the shares on listing) and transaction effected through stock exchange by paying Securities Transaction Tax (STT), one has to pay 10% of the profit earned in the transaction. However, if the transaction results in loss, the entire loss can be shown in the return. Since the twelve month period may fall in any two Assessment years, the profit / loss has to be accounted for in the return of the particular Assessment year in which the transaction takes place. While no tax need be paid on any profit earned after 12 months holding of the shares, any loss after 12 months cannot be booked in the returns.

if you gain during IPO/secondary market transactions, then you need to pay the tax on the profit. In case of loss, you will have to record the total loss amount while submitting the returns and this loss will be carried forward during next f/y assessment. No tax to be paid in case of loss.

If one sells the shares alloted via IPO on the listing date is the profit on the amount is taxable and in case one sells it below its IPO price (if it lists below its IPO price) what will be the tax implication.

vikram bhai,when is reliance power ipo expected