I ALWAYS HAVE DOUBT IN AN ISSUE WHEN Prabhudas Lilladher RECOMDS THE ISSUE IT ALWAYS IS NOT AN GOOD ISSUE TO APPLY SUBCRIBTION OF QIB NOT UP TO THE MARK TILL NOW GREY MARKET PREMIUM GOING DOWN TO RS 12-13
So far response is tapid. QIB are not interested any more. GMP very low. Very Very risky issue. If QIB Comes at late Hours Today then only I will apply TMR. 10+ Times by QIB needed for GMP of Rs.15/- to sustain.
187. Chem cho| Link| Bookmark|
April 20, 2011 12:13:15 PM
IPO Guru (2500+ Posts, 2700+ Likes)
Muthoot finance ltd This issue has become triky due to the RBI guide lines sks microfinance issue , banks are also giving loans on gold ,litigations not declared in RHP ,PREMIUM GOING DOWN ,retail investors wating for QIB subcribtion ,dicount given to achor investors, even though RHP say discount will be given to retail investors MANGENENT is giving step mother treatment to RETAIL INVESTORS , doubts arsise, big issue of 900crore, if QIB is more than 15 times then i will think for 2 lakhs per account other wise think of appling 320 shares rs 56000 maximum i have more interest in INOVATIVE as on now will decide later on
186. SkDash| Link| Bookmark|
April 20, 2011 12:04:50 PM
Top Contributor (1000+ Posts, 200+ Likes)
185-Gem 1) Most of the states thru money lenders act has fixed Cap on the rate of interest to be charged by money lenders for public interest and this will be fixed for kerala. whatever decision will come will be against the money lenders in general and muthoot in particular 2) By 2, competition will be increased.
This is the normal phenomena and I dont think these are the concerns in applying
1) case pending in supreme court to cap the interest rate charged by money lenders in kerala. this case if comes against the co then surely detroit its current rate of growth and margin.due to this concern oversubscription and listing gain will be low as few days ago expected.
2) aggressive attention by banks towards this safe loan business.
Company Name Offer Price (Rs.) Premium (Rs.) Kostak (Rs. 1 Lac Application) Kostak (Rs. 2 Lac Application) Sabuject To Sauda
Muthoot Finance 160 to 175 19 to 20 -- 2600 to 2700 -
Paramount Print Packaging 32 to 35 3 to 3.50
2400 to 2500
Future Ventures 10 to 11 0.50 to 0.75
1800 to 2000
Innoventive Industries -- -- -- -- --
Servalakshmi Paper Ltd. 27 to 29 2 to 2.50 -- 2500 to 2600 --
Vaswani Ind. 45 to 48 3.50 to 4
2400 to 2600
Grey Market Premium - Kostak Prices for Bank of Baroda Bond Bank of Baroda Bond Rs. 2 Lac Kostak Price Rs. 3 Lac Kostak Price Rs. 4 Lac Kostak Price Rs. 5 Lac. Kostak Price
K V Subba Rao, Fools brooker, Mundrathi Ramu Thx for the response.
Mundrathi Ramu - I checked with the Branch Manager today, He was not so clear abt the issue, promised that he would touch base with tech team and get back to me. Probably, I will ask him if it wud be possible to give my OD a/c transaction rights so that I can check if my issue is resolved...
Subba Rao - If OD a/c is a subset of Current a/c, we should be able to apply ASBA with OD a/c too, isn't it? I assume tht u've mistyped 'SB a/c to OD a/c' instead of 'OD a/c to SB a/c' in ur comment.
stiffknot in my case- sb ac as well as od shows ...i select od ac and apply ... i think ur od ac is not linked with ur CIF ...otherwise online transation rights not given to ur od ac...contact ur branch
Mr stiffknot at 162: I have also made Fixed Deposit and got Overdraft Limit against sthe FD with ICICI Bank. Whenver I decide to apply for IPO, I transfer the amount on-line from SB a/c to OD a/c. I have not experienced any difficulty in this respect. The Bank also provided me with a seperate Cheque book. I normally use cheques for making payments to others. However, it is not possible to apply for IPO directly from OD a/c. May be similar procedure applies in SBI
If for any reason you are not able transfer funds now from OD A/c to SB A/c on-line, you may like to deposit your Cheque on Current A/c (OD) into your SB A/c manually so as not to miss the due date to apply for Muthoot Ffinance.
In due course, you may contact the Bank requesting them to "Link" Current OD A/c to enable you transfer funds from your OD A/c to SB A/c.