Persistent Systems Limited IPO Message Board (Page 34)

Total Issue Size 5419706
Total Bids Received 57825060
Total Bids Received at Cut-off Price 2237060
No. of times issue is subscribed 10.67
Graph Logic

VISHAL... where do you get the latest subscription from ?
nse seems to be very very slow... can you reply immediately ? I am a small time investor.. Thanks for your immediate action.

Thanks a lot Gem IPO Finder.
I have two more queries.Kindly clarify.
1.If I apply for highest price(310)without cutoff, and allotment is done at 295,Still Ineed to pay 310 ?

2.One can apply for only 1 lac in one application ?
can I submit any number of applications (say 10)?

Thanks

Hi Vishal
From where r u getting subcription data..as it is not updated on NSE website...
COuld u pls let us knw

OVERSUBSCRIPTION AT 11.10 AM

RETAIL 1.45x

QIB & NII 17.51x

OVERALL 11.57x

GEM IPO FINDER

What do u think should we invest in this ipo

what do we mean by i time application in HNI? or i can apply for any amount, i like?

DEAR BABU
PRICE BID MEANS ONE BIDS AT VARIUOS PRICE POINTS IN THE PRICE BAND OF AN IPO, ONLY RETAIL INVESTOR ARE ALLOWED TO BID AT CUT-OFF, THIS MEANS THAT U BID AT CUT-OFF PRICE AND PAY HIGHEST PRICE OF YHE PRICE BAND, AND WHATEVER PRICE IS DECIDED THROUGH BOOK-BUILDING ROUTE WHERE GENERALLY QIB PARTICIPATE/INFLUENCES WILL BE PRICE FOR U AND U WILL HET AT THAT PRICE.
FOR EXAMLPE BAND OF PSL IS 290-310 U WILL BID AT CUT-OFF AND PAY @310, SUPPOSE IF PRICE DISCOVERED IS 295,300 ETC U WILL GET THE SHARES AT 295,300, INSPITE OF PAYING @310

SO FOR RETAIL IT IS ALWAYS RECOMENDED TO BID AT CUT-OFF AND PAY HIGHEST PRICE

I am new to IPO.
Can anyone tell me the difference between cutoff and Price Bids ?
Which one is better ?

this is a good share for long term.

Hello Anjali Broking,
You comment doesn't make any sense....

284 m k
retail 1.36 subr on 18/3/2010

What is the current Retail subscription numbers for Persistent ?

persistent co.is solid, don't go for spaculation only apply if you are lucky will get allottment, retail portion will subscribe around 20times, gmp cann't less 130,but GOD knows what will be listing,either ARSS,TEXMO or UNITED BANK,BUT sure applicant will highly gainer

It possible more time subri 15.00 in retail

nothing extra to fill it. it is just an BPO. already in secondary market more perfect leaders are presence

Everyone... I personally feel that this will be oversubscribed at least 20 times. So for a full application if 1 lot is allotted, and if the listing gain is say 20% as per the top analysts, the gain will not be more than 62*1 lot i.e. 62*20=1240 Rs. for 1 lakh investment and blocking the same for around 20-30 days. I dont think it is worth to go for it.
All this is going with a positive perception that the listing gains would be there.. if something goes wrong then forget about the listing gains.. we would struggle to get our invested amount back in full.

Than this, Buy NMDC on the listing date.. due to the rumors floating around, most of the RII would sell the stock for a decent gain/loss. This is a good bet in long term.
Also dont forget, everyone has to have a contract with NMDC for the supply and the news says that the contracts are expiring and they have to renew. With steel prices increasing to around 40%, NMDC would obviously raise the contract amount which would yeild lot of profit to NMDC. So Go for it and enjoy atleast 36% gains for the next 6 months.

A very small issue

For retail only 1463319 shares.
over subscription 24 times or more
lottery game.
4 out of 6 applicants who applied for maximum under retail will get 1 lot of 20 shares only.

Is it worth the trouble/blocking of funds and non allotment prospects

VERY SOON THE PREMIUM MARKET IS TO CLOSE. SEBI/SE/BSE TO LIST NEWLY ALLOTTED SHARES IN T2T SEGMENT. HENCE PROMOTERS WILL NOT BE ABLE TO DO SPECULATION ON LISTING DATE. SO PREMIUM MAKT IS TO BE DEAD TOTALLY. !!

please tell ne what the expectation of retail susbcribed in time