Persistent Systems Limited IPO Message Board (Page 35)

This is again for 276.Raj
Raj. Do not get confused with a full application to lots. When you say Lot, it is the set of shares. Lot size (say 20 or 30) is the minimum for the application. Such lots can be boughts in any number (as long as it is not exceeding Rs. 1 Lakh) by any retail individual investor.
So when any one say I applied for 3 lots, it could mean that they have applied for 3*20 (20 is just example) = 60 shares.
For example, for Persistent Systems Ltd, they have given the ipo information as below
Issue Detail:

»» Issue Open: Mar 17, 2010 - Mar 19, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 5,419,706 Equity Shares of Rs. 10
»» Issue Size: Rs. 157.17 - 168.01 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 290 - Rs. 310 Per Equity Share
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» Listing At: BSE, NSE

So some one when said they had applied for 3 lots, that means they have applied for 3*20 = 60 shares i.e. at a upper band price of the share 310, it is worth 60*310 = 18600 rupees.
One can apply such lots as long as the lot value is less than 1 lakh. So the max one can appply is for 16 lots i.e. 16*20*310 = 99200 rupees. You cannot apply 17 lots as the amount exceeds 1 lakh rupees.
All this is in one application.

in response to my previous blog 220 and 221 by sunny.So what is it when people talk about i applied for 3 lots or 6 lots.if somebody could please explain. and thanks sunny for your clarification.

already applied for 2 lots in psl

18-Mar-2010

Company Open Close Offer Price Premium Kostak Rate



NMDC Limited 10-Mar-2010 12-Mar-2010 Rs. 300 - Rs. 350 Rs. 25 - 30 ----
DQ Entertainment (International) Ltd 08-Mar-2010 10-Mar-2010 Rs. 75 - Rs. 80 Rs. 53 - 55 ----
IL&FS Transportation Networks Ltd 11-Mar-2010 15-Mar-2010 Rs. 242 - Rs. 258 Rs. 37 - 38 ----
Pradip Overseas Limited 11-Mar-2010 15-Mar-2010 Rs. 100 - Rs. 110 Rs. 17 - 18 ----
Persistent Systems Limited 17-Mar-2010 19-Mar-2010 Rs. 290 - Rs. 310 Rs. 160 - 165 Rs. 2100 - 2200
Shree Ganesh Jewellery House Ltd 19-Mar-2010 23-Mar-2010 Rs. 260 - Rs. 270 Rs. 18 - 20 Rs. 1900 - 2000

HI NEHA

AVOID - GANESHJI KO SORRY GOD, MAAF KAR DO BAPPA, MANY REASONS TO AVOID
AVOID - INTRASOFT BECAUSE OF THE SIZE OF IPO & CO SO SMALL

ONLY OPTION LEFT IS PSL GO FOR IT

hi NEHA

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 12-13 PE SO PRICE COMES TO AROUND RS.13*35=455 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.4550 ITS 2.4 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 IS THE TARGET FOR ME,12-14 TIMES IN RETAIL EXPECTED

Grey Market Price: Rs. 160 - 165.
By 5 p.m. issue over subscribed by 5.67 times.
Do not apply more than one form with same PAN.

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 28473760 9.7292
1(a) Foreign Institutional Investors (FIIs) 27190000
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 0
1(c) Mutual Funds 1283760
1(d) Others 0
2 Non Institutional Investors 487773 162480 0.3331
2(a) Corporates 40560
2(b) Individuals (Other than RIIs) 92200
2(c) Others 29720
3 Retail Individual Investors (RIIs) 1463319 1992540 1.3617
3(a) Cut Off 1486100
3(b) Price Bids 506440
4 Employee Reservation 541976 114180 0.2107
4(a) Cut Off 114180
4(b) Price Bids 0

At 5 PM 5.67 times and in retail 1.1 times

Can somebody quickly update the latest reliable GMP for Persistent as well as ITNL ? Thanks....

5.53 times as on 4 pm

Correction to my earlier post. In retail it is .6 time as against 1.9 times. Total 5.53 times

At 16hrs.Total:5.53 times and Retail:0.607

Sub 5.5 times in retail 1.90 times appox at 4 PM

PERSISTENT WILL MAKE US PRESIDENT.A VERY GOOD CO.BUT GMP IS VERY HIGH,MY OPINIION, LISTING AROUND 400/=.SUBSCRIBTION AROUND 18-22 TIMES

@259. rameshbhai ....you forgot to mention the main thing that those were the subscription details "Updated as on 17 Mar 2010 at 1700 hrs"!!!!

with reference to below blog no 221 , I want to confirm this thing is true that one cannot apply IPO for more than 1 application of Rs 1 lakh.

Please confirm any one have same experience as have SUNNY BLOG NO 221


(221 Sunny Mar 18, 2010 2:08:14 AM IST Report Spam
Anyone applying for more than 1 application (in different demat accounts) please note that since your demat accounts have your PAN number which is unique, all your applications would be cancelled and no allocation would be done to those applicants.
It happened to me. So do not apply for more than 1 application.


220. raj Mar 18, 2010 1:51:51 AM IST Report Spam
how to apply for more than 1 application.e.g consider persistent system ipo.at cut off price of Rs.310/-, i can apply for 320 shares for around Rs.1 lakh.i.e 320*310=Rs.99200/-.this is one application,correct? if i need to apply more do i need to open another demat account in some other bank? )

PERSISTENT SYSTEMS LIMITED - Bid details

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       0       0.0000
1(a)       Foreign Institutional Investors (FIIs)             0       
1(b)       Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)             0       
1(c)       Mutual Funds             0       
1(d)       Others             0       
2       Non Institutional Investors       487773       24920       0.0511
2(a)       Corporates             0       
2(b)       Individuals (Other than RIIs)             23920       
2(c)       Others             1000       
3       Retail Individual Investors (RIIs)       1463319       481280       0.3289
3(a)       Cut Off             324980       
3(b)       Price Bids             156300       
4       Employee Reservation       541976       0       0.0000
4(a)       Cut Off             0       
4(b)       Price Bids             0       

i want to know that which bank apply for this persistent systems.i mean asba

3.63 times overall at 3pm..