Persistent Systems Limited IPO Message Board (Page 27)

http://www.bseindia.com/bookbuilding/cumudemand.asp?scrip_cd=325&ir_flag=IPO


Persistent Systems Limited Last updated on 19/03/2010 06:30 PM
Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
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
These are control totals 5419706 507304700 93.6037

20 Times in retail means only chances for those who have applied for 320 Shares will get allotment by lottery in the Ratio of 16 for 20.

how much of the oversubscription is @ cut-off price?
Does allocation depend on this?

Do not go for STOP PAYMENT...

If u go for stop payment, u get nothing but charge will debit in ur bank account.. And fortunetly if u get allotment u will earn good profit. So, I suggest not to stop payment.

In my opinion applicant with less than 13 lots must withdraw their applications, one should have at least half chance of getting the allotment, assuming that subscrioption will be 25-26 times.
I have applied for 4 lots so I think my chances of allotment are almost nil. I am also going to withdraw

can any one give exact figure of over subscription in persistant?

I am going to make stop payment of my cheque, as the issue will be subscribed more than 25 times , means only 2 out of 3 applicant with full application will get the allotment, for less then full application , chances are following:
1 lot : 1/25
2 lot : 2/25
3 lot : 3/25
4 lot : 4/25
............
............
14 lot : 14/25
15 lot : 15/25
16 lot : 16/25
this calculation is on the asssumption that retail sub will be 25 times.

@424
gaurav
it is only a suggestion please start using please before the request.looks nice.No offence taken i am sure.
Thanx

@Akka

Hi ..can u plz explain how allotment depends upon ASBA ...?

i see some people from moneycontrol are on this forum.Our forum. I am sure they will appreciate the fact that on this forum we appreciate all investors big or small unlike moneycontrol where at time sguests are asked to shut up,people who are small investors are dished out big ignores.
Every body knows that aunty is very polite and does not talk rubbish ...but i really want to write this ..may be this will change these snobs attitude.
Thanx Gem, Sreedhar. Imran .Ravi , Akshat ,Ali Bhai,Neha ,Vishal,Srini,Saharanpuri and some whose names i have missed for guiding and helping everyone.

wHERE TO SEE OVER ALL SUBSCRITION (GIVE WEBSITE IMIDITELY)
nse site not given 10 mininus upgrade nse give 1 hour upgrad So plese give other site name

WITHDRAW YOUR APPL AS APPL BY LOTTERY ONLY

IN RECENT ISSUES AS PER NSE SITE, THE FIGURES OF SUBSCRIPTION AT CUTOFF PRICE AND LOWER PRICE SHOWS HUGE DIFFERENCE. PLEASE PROVIDE THE FIGURES OF SUBSCRIPTION AT CUT OFF PRICE.

wHERE TO SEE OVER ALL SUBSCRITION (GIVE WEBSITE IMIDITELY)

dear friends
heavy response means less profit. if take in account the cut off bids as retail investor then in simple means every 7 out of 8 full applications of 320 shares will get only 20 shares each. so you can earn profit of Rs. 1240/- per lucky investor in case the price open at 20% up than issue price.

@408 sam how does it matter now the entire issue will open at cut off price only. Or does it ?...explain

..PERSISTENT..retail around 20 trimes..morever allotment depends upon ..ASBA..and.. EMPLOYEE..quata...

407, Ravi,
From where did you find that retail was subscribed 18 times?
I dont find it in NSE website.

Oh.......No...... Retail Around 20 Times / Means again
allotment through Lottery .

@mundoli, more lots you apply'higher are your chances. Ex. If u have applied for 16 lots and if it is subscribed 20 times in retail category, u'r chances are 16:20 i.e 16 out of 20 people. Similarly if u have applied for 4 lots, u'r chances are 4:20. Hope u got the logic.