Persistent Systems Limited IPO Message Board (Page 24)

I read most of posts and i found some confusion regarding unsuscribed quota of Employee.
If i am correct this is what Employee Quota Reservation says for Persistent IPO.

Allocated 541,976 equity shares of Rs. 10 each for Eligible Employees. Employees have priority on these shares. If employees apply for more than 541,976 shares, allocations will be made on proportionate basis. If for some reason the total applications from employees is less than the 541,976 shares, then the extra shares will roll over for Qualified Institutional Buyers (QIBs).

So the unsusbribed portion will not go to Retail , it will go to QIB which is 144 times over suscribed.

My opininon on 496, 497
I remember I got listing gain in Future capital.

Same was case with many IPOs - Edel weiss, Mundra, Maytas, Mind tree and others. All of them gave good listing gains later slaughtered.

No offence meant but my theory is to apply IPO only for listing gains and book pofits with two days and forget later.

With exception in Rpower, NHPC that suvscribed well didn't give listing gains - most of the high oversubscribed IPOs gave hand some profits on the listing day.

Hey SWATI,

HDFC has ASBA services. I apply for IPOs using ASBA through HDFC.

MR.S K AGARWAL,u r absoutly correct,MR. KISHORE BIYANI IS A CHOR,FCH IS ONLY 190(765).HOPFL 80(550).SEBI IS MAHA CHOR.SEBI KNOWS EVERYTHING.BUT WHO CARE? THIS IS INDIA,150 CRORES ME LAKHON BEWKOOF MIL JATE HAI.TABHI TO ASHARAM BAPU,NITYANAND,KRUPALU,ECHCHADHARI BABA JAISE KAMINE AISH KARTE HAI.PADHE LIKHE LOG APNI MEHNAT KI KAMAI AUR APNI BETI,BIWI, BAHU,KO AISHE NEECH LOGO KE PAAS LE JATE HAI.

FUTURE CAPITAL HOLDING IPO IN JAN 2008 SUBSCRIBED OVER 133 TIMES AFTER THAT THIS IPO OF PRESISTENT IS SUBCRIBED 93 TIMES. AT PRESENT FUTURE CAPITAL HOLDING IS TRADING AROUND 200-250 AGAINST THE ISSUE PRICE OF RS 765/- PER SHARES

TO HDFC ICICI BANKS (LOOSERS)
you banks calim to offer world class services but the reality is many public banks are way ahead of what you offer say for instance ASBa

is provide by sbi ,pnb , bank of india but you banks do not provide it just to help your trading services ??????????/ shame on you people
also their atm/debit charges are free......shame on you people. also their AQB is 1000 or 500 and yours is 10000/20000 i have lots of

complains but why waste my time i will utilise this time in closing accounts with this banks shame on you people

Hi Gem IPO Finder,

Is there any difference or advantage or any consideration given during allotment between people applying on day 1 at cutoff price and people applying on the last day at cut off price.

MY COMMENT ON283.MUNNA READ. YOU WILL FIND MY GUESS WAS CORRECT NOW GMP IS 130-35 WE CAN BUY

491.silentwatcher,unsubscribe portion of any catagrey will be add in propertnet basis i.e.50+15+35

This is my first post in this forum - though I am silently watching for more than two years.

Here is my logic on Persistent:

Retails cutoff       28844200
price bids       2893620
considereing 20% at 310      578724
Total retail bids at 310(cut off+ 310 bids)      29422924

Original sharee in retail Quota      1463319
Unsubscribed Employee Quota      211596
Adding Unsubscribed Employee quota toretial (1463319+211596)      1674915
Number of times retail oversubscription (29422924/1674915)      17.56681623

(Not calcuclated the technical rejections, this figure accuracy depends on the assumption in price bid applications)

WHAT ABOUT FOR THOSE, WHO APPLIED FOR 5 LOT

new ipo jaypee infratec coming next month

jaypee infratech is coming in next month

mr p. shah
u read the lines wrongly...

its "ONLY RETAIL CAN BID AT CUT-OFF" NOT "RETAIL BIDDER CAN BID ONLY AT CUT OFF" NII AND QIB CANT BID AT CUT-OFF THEY HAVE TO PRICE BID

retail can also bit at highest price that is also similar
to cut-off. ONLY BIDS BELOW 310 WILL BE REJECTED, HERE U ARE CORRECT

muje koi batao ke "RETAIL BIDDER CAN BID ONLY, " CUT OFF " "retail bidder ko price nahi likhna . CUT OFF ke ginti se 19.07 time RETAIL me hua hai. AGER 310 PE PRICE CONFIRM HUA TO. cut off wali apli. allotment me jayegi. aur jisne 309,308,307,306 ........me shares apllied kiya hai. wo to reject ho jayega.??????????????

PSL A GOOD CO AND A GOOD IPO
IN FY '10 THE CO WILL POST AN EPS OF RS.25 AND IN FY'10 CONSIDERING A GROTH OF 30% EPS FOR FY'11 WILL BE RS.33-35
SO AT RS.310 IT WILL BE TRADING AT 9 TIMES FY'11, I HAVE A FEELING IT WILL SURELY COMMAND 13-14 PE SO PRICE COMES TO AROUND RS.13-14*35=455-490 THATS THE TARGET FOR ME I DONT KNOW THE GMP

ITS BV FOR FY'10 WILL BE RS 155 AND FOR FY'11 RS 190
SO AT RS.500 ITS 2.5 TIMES BOOK BUT OTHERS LARGE CAP STOCK LIKE INFY, TECHM, TCS, ETC TRADES AT PRICE TO BOOK BETWEEN 5-10 TIMES, i m not comparing with bluechips mind it otherwise it should be trading 800-900

SO 450-500 IS THE TARGET FOR ME, that could be esily possible seeing the appetite for the stock and hope nifty doent fall below 4950 and spoil the party..... targets are very rosy but but but where is the shares my frend that looks missing those who will get only appericiate this target others including me if not alloted reasonably will hate this targets

imran

100 aur 140 mein kya hota hai for sure allotment u should have done 2 one lac application, since retail portion over 20 times now all depends on ur luck if lucky ur both applcn will get 20 shares each

i thin if unsubscribed quota of retail added totally in retail catagory then issue subscription is coming 16 times approx at cutoff .

@463 Sunny & 481 Vikraman
Your optimism is appreciated. But don't forget that there would be price bids at the upper end also, i.e., at Rs. 310. So the final retail figure would be around 21 times considering the applications that could be rejected and inclusion of 30% for the retail category from the unsubscribed portion in the employees quota. It could be a lottery with 5 applications rejected for every 21.

I think calculations of subscription will be like this:

retail at Cut-off 28844200
Employees at Cut-off 328300
Total 29172500

Total Avaialble 2005295 (Retail+employees

No. of Times 29172500/2005295 = 14.54773

Might be full application will be allotted not exceeding 1 lot (20 shares). No. of shares may be less than 20 also.