Persistent Systems Limited IPO Message Board (Page 26)

latest gmp of PSL ?

As per my Understanding Retail portion has been over-subscribed 17.2 times after considering (a) Bids at Cut-Off Price only both in Retail and Employee categories and (b) Un-subscribed portion of Employee category. I have not considered Rejections for technical reasons since we do not have data in our possession

Retail subscription at 18.95 times after including employee quota. after considering incorrect application, bids at lesser price than the cutoff price, appliocation via several Demat accounts my estimation is if you have applied for full lots then there is a chance of 16/17 or even 1 confirmed lot that is 20 shares.

1 Qualified Institutional Buyers (QIBs) 2926638 422687360 144.4276
1(a) Foreign Institutional Investors (FIIs) 277520780
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 74874100
1(c) Mutual Funds 59684720
1(d) Others 10607760
2 Non Institutional Investors 487773 52549140 107.7328
2(a) Corporates 31974600
2(b) Individuals (Other than RIIs) 20437560
2(c) Others 136980
3 Retail Individual Investors (RIIs) 1463319 31737820 21.6889
3(a) Cut Off 28844200
3(b) Price Bids 2893620
4 Employee Reservation 541976 330380 0.6096
4(a) Cut Off 328300
4(b) Price Bids 2080

Updated as on 19 Mar 2010 at 1830 hrs



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Can any body plz tell me
"when the companies use lottery system for allotment and when they give the less number of shares to all the applicantes" if the IPO is oversuscribe
i apply for 80 shares

TO MY OPENION AFTER CONSIDERING NON CUTOFF/EMPLOYEE QUOTA ADDITION/REJECTION/CHQ RETURN THERE WILL BE AN ALLOTMENT RATIO OF 18/16 FOR RETAIL IN PERSISTENT IPO-18.92 TIMES IN RETAIL AFTER CONSIDERING NON CUTOFF APPLICATIONS AND ADDITION OF EMPLOYEE QUOTA TO RETAIL-

Dear Madhu, your concepts are not very clear. The oversubscription in relail is not equal to bids at cutoff. It is always higher then or equal to bids at cutoff. There is not emperical formula to howmuch is the multiple of cutoff to the overall subscription. And also remember that only pricebids below the cutoff price are rejected and not those which are above or equal to cutoff.

gem ipo finder @446,
don't read the graph wrong,
if u r real GIF , I am surprised to
c ur msg.

VISHAL
CAN U EXPLAIN BY SEEING THE GRAPH I MENTIONED WHAT DOES DEMAND AT LEVELS FROM 290-309 IN EACH PRICE 5048 LAKH SHARES ARE BID FOR

madhu ,
one more thing to add, retail subscription will be calculated only on the basis of shares available for ratail category i.e. 1463319

madhu@431,
except cut off applications , qib and nii make bids on highest price ie 310, most of the cut off portion represent retail investors only. 505807200 shares are also bid at highest price which will also be the part of overall subscription, most of this portion comes from qib and nii. I think you have got answer to ur question.

VISHAL

PLZ LOOK AT THE BSE-NSE COMBINED DEMAND GRAPH U WILL FIND THAT MORE THAN 90% OF BID RECVD BELOW 310, DONT SHOW UR IMMATURITY READ THE DEMAND GRAPH CORRECTLY IT IS ON THE NSE WEBSITE BACHE

who is using my name to post following massage, kyu gali sunna chahte ho, mat kar bhai mera naam kharab

IPO GEM FINDER Mar 19, 2010 6:27:45 PM IST
Persistent Systems Limited
WITHDRAW YOUR APPL AS APPL BY LOTTERY ONLY

@ 440. Aunty

Bid at cutoff is 28844200, ie 19.77 times retail portion. I believe it can come down to 19.5 after technical rejection ( mainly due to stop payment of check for multiple application ).

Chances are as follows as per standard oversubscription,

Applied 20 - Chance 1:21
Applied 40 - Chance 2:21
....
....
....
Applied 320 - Chance 16:21

Regards,
Vishal

I have applied for 8 lots of Persistent IPO.

Any Chances of getting allocation ?

Will only people who have applied for full application will be considered in lottery or even people like me can get allocation through lottery
Please advice.

will the unsubscribed employee quota shares be added to retail?

Total Bids Received at Cut-off Price 27919080
No. of times issue is subscribed 93.37
retail 19.10.times sub.at 6.30 pm

Vishal This means those who have applied at cut off have good chances as nearly half of the bids have come as cut off. Kindly analyse it for the forum if u can.

431. rajan,
as per nse site the issue is subscribed 93.16 times.
total number of shares is 5419706. total subscription at cut off price is only 26844240. as the issue is oversubscribed there is no chance of fixing a price less than cut off price.so that those who bid at less than 310 will not get allotment. in effect the number of times of over subscription is 26844240/5419706 = 4.95. allotment in retail segment depends on times of over subscription which is not updated on nse site.
i request more informed people to commend on what i said .

retail mea kitna subscribe huwa...