Navkar Corporation Limited IPO Message Board (Page 22)

NEW DELHI: Markets regulator Sebi today said it has made ASBA (Application Supported by Blocked Amount) facility mandatory for all categories of investors applying for a public issue. 

ASBA allows the bid amount to remain in the applicants account till the time the shares are finally alloted. 

In a notification, Securities and Exchange Board of India (Sebi) said in "public issues, the issuer shall accept bids using only ASBA facility in the manner specified by the Board." 

Besides, Sebi said in rights issues, where not more than one payment option is given, the issuer would provide the facility of ASBA. 

These norms will be effective from January 1.

In order to enhance the points for submission of applications, Sebi has also allowedRegistrar and Share Transfer Agents (RTAs) and Depository Participants (DPs) shall also be allowed to accept application forms (both physical as well as online) and make bids on the stock exchange platform. 

This will be over and above the stock brokers and banks where such facilities are presently available. 

The number of bank branches with ASBA facility has increased to 95,500, from 9,800 when this facility was introduced. 

Sebi, in June, said presently more than 99.5 per cent applications are received from centres where ASBA facility is available. 

"Considering the reach and advantages of ASBA, it shall now be mandatory for all investors to make ASBA applications. Amongst many other significant advantages, ASBA enables investors to give the mandate for payment of application money in the application form itself without suffering loss of interest for the intervening period. 

"It also obviates the hassle of refund of money by the issuer as per the difference in application amount and the amount for which shares are finally allotted," Sebi had said. 

In public issue, the lead merchant banker would have to submit final post-issue report within seven days of refund of money in case of failure of the issue, as per notification. 

In rights issue, the lead merchant banker would submit initial reports within three days of closure of the issue and final post-issue report within 15 days of the date of finalisation of basis of allotment.

Pennar Eng
Bid size 120 shares
Price band 112-115

WHICH DATE?

25-27 aug
Confirm

Gmp
Powermech 115-118
Navkar 42-45
Shree pushkar No activity
Pennar Eng 500 kostak

Power Mech will blast on the listing day GMP is 100 +++ and can go upto 200+++

NAVKAR CORP. IPO

MUST BE APPLY FOR LISTING GAIN very good ipo blindly apply this ipo

must be subscribe this IPO....listing target 200 to 205

Gmp on the basis of last trade yesterday, no trades yet for today.
powermech 110
Navkar 37

Wow. another logistics company

I have applied maximum lots for Syngene International and none get allotted. For all Retail Investors who are applying this IPO it is better to apply only for 1 lot so that everyone will get one lot for sure. If subscription is high by default allocation will be done by Lottery whether a person who applied for 1 lot or who applied for full lots.

NAVKAR CORP. IPO

MUST BE APPLY FOR LISTING GAIN

Powermech gmp 110-112, kostak 700
Navkar gmp 35-36, kostak 950-1000
grey not yet active in pushkar chemicals, lot 200, price band 61-65, Date 25-27 aug
pennar ind 25-27 aug (details not yet out)

what about the ipo should apply or not

Received 20 requests within an hour, would be tough to shortlist. Shortlisting to be done on sunday, till than u can send request.

yesmr. kumar ipo i am contact tow morow throwe mail for segetion ok gn

Hi sir,
please send me Ur no. to my number 8123124600 through what.s app

RETAIL INVESTORS SHOULD APPLY FOR ONE LOT BECANOW THE ALLOTMENT WILL NOT MADE ON CONFIRM BASIS AND WILL BE MADE ONLY LOTTERY SYSTEM.

How do I participate in grey market transactions?

can anyone tell me what is KOSTAK ?

Dear bhargav,
Kostak rate is the premium one gets by selling his/her IPO application (in an off market transaction) to someone else before allotment or listing of the issue.

Thanks nalla kedarnath for your explanation

LATEST KOSTAK RATE NAVKAR 1000 RS BYER & 35/36 PREMIUM

Apply blindly

Worth company

APply karo munafa kooto

Its around 10 i guess

6.67
Sureshot

Gmp & kostak in navkar is increasing with the passage of time, keep liquidity with u to apply.

Kostak Start @ 800/- in Bhavnagar

“Navkar Corporation Ltd”.

Issue Opens On*: Monday, August 24, 2015
Issue Closes On : Wednesday, August 26, 2015
Price Band Rs. 147 - 155 Bid Lot 95 Equity Shares
Issue Size Rs. 600 Crores.

Lead Manager
Axis Capital, Edelweiss Financial Services, SBI Capital Markets
Registrar
Link Intima India Pvt. Ltd.
Issue Structure

Issue
Fresh Issue for 510 Crores
+ Offer for Sale of 90 Crores
Net Total Issue : 600 Crores

QIB*
50% of the Issue ( 193.55~ - 204.08^ Lakh Equity Shares )
NIB
15% of the Issue ( 58.06~ - 61.22^ Lakh Equity Shares)
Retail
35% of the Issue ( 135.48~ - 142.86^ Lakh Equity Shares)

* Company may allocate up to 60% Shares of the QIB Portion to Anchor Investors.
~ at Upper price band, ^ at Lower price band