DEAR FRIENDS, YOU YOURSELF CAN SEE THIS FACT THAT THE EMPLOYEES OF PNBHFL ARE THEMSELVES NOT SATISFIED WITH THE PRICE OF IPO EVEN WHEN THEY ARE GETTING ALLOTMENT AT RS.75 DISCOUNT. THE EMPLOYEES ARE NOT EVEN CONVINCED WITH THE IPO PRICE OF 700/-. THE EMPLOYEE QUOTA IS UNDERSUBSCRIBED. IF SUPPOSE WE WOULD BELIEVE ON THIS FIGURE OF 80/- GMP PREMIUM, THEN THE EMPLOYEES WOULD HAVE SOLD THE SHARES AT 775+80=855/- AND COSTING FOR THEM WOULD HAVE BEEN 700/- HENCE THEY WOULD HAVE MADE A PROFIT OF 155*19=2500/- APPROX ON EVERY APPLICATION OF 14725/- BUT THEY ARE NOT CONVINCED WITH THE COMPANY, THEY ARE WORKING IN. HENCE, NOW IT''S UR CHOICE WHETHER U WILL GET LISTING GAINS OR SUFFER LOSS ON LISTING.
May be there should have been some lock-in period must have been applied and that may be the reason for less participation from Employee Quota. Can anyone here threw some direction on this query ???
Past trends show that Employee quota don''t usually get subscribed...
... Major reason, most in lower & middle levels designations don''t invest in risky equities or are not familiar with equities ... probably there is lock in period (not sure) ... those at lower & middle levels usually are unable to see potential of their own cos - less inside info available compared to higher management ... some others are usually disgruntled with some aspects like promotions, salaries etc. So enthusiasm tends to be less.
So we can''t determine potential of company based on Employee Quota subscription!!!
Here is the answer of confusion raised today:- 1) Total employees of PNB is around 750( who are eligible for allotment) 2) Investment cap / emp is 2 lacs 3) Employee in higher cadre /middle management level:- around 40% 4) Lower cadre /average cadre around 60% so 3rd cat employee subscribed in full as per their investment capacity and and rest 60% employees in 1/2 , 1/3. 1/4 of max investment as per their capacity
Dear irrational... Thanks for replying. But 82,95,07,434 shares are not applied @ 775 .they applied at "price bid" means it is less than 175 and another 1,64,57,496 @Cut off price. So definitely final price will be less than 175 as I think
A Kostak rate is the premium one gets by selling his/her IPO application (in an off market transaction) to someone else before allotment or listing of the issue.
Rs. 1300 kostak means that you can sell your application at Rs. 1300/-.
DEAR MODULATOR , SINCE LONG,EVERY TIME YOUR SHARES ALLOCATION/ SHARES OFFERED/ SHARES RESERVED FIGURES ARE WRONG. IT SHOULD BE QIB 50%+HNI 15%+ RETAIL 35%. BUT YOUR ALLOCATION IS SOMETHING LIKE QIB+ HNI=RETAIL. IN MY OPINION IT IS WRONG. I MAY BE ON WRONG CALCULATION. PLEASE CLARIFY. MISS EAGLEYE, YOU PLEASE ALSO LOOK INTO THE MATTER FOR OUR INFOMATION AND KNOWLEDGE. THANKS-VINOD JAIN.
Dear Eagleye, Septa and all other distinguished members, I feel privileged to learn from you all in each and every IPO. If you folks were unavailable, it would have been pretty difficult to take an informed decision. Applied for 114 shares and of course hoping for the best. Keep up the good work. Cheers!
My inner felling says that this IPO will not give money as expected.
It need at least 50 Lacs surplus buyer on listing day to open on positive price because firm allotement IPOs have lot of selling pressure except of company management did some effort to make listing good (example LTTS)
To Admin , Eagle Eye Madam, Septa Sir and all the learned members of the Group.
I want to thank all of you for great service that you are providing to the investor community of India. Financial Literacy is small in India but people in the website are doing great job in giving right knowledge about financial markets esp IPO Markets.
Its indeed pleasure to be part of Chittorgarh community with experts like Eagle Eye , Septa and other knowledgeable members of the group.
Wish you all sucess to chittorgarh team:)
589. Eagleye| Link| Bookmark|
October 27, 2016 11:23:59 PM
IPO Guru (6600+ Posts, 22000+ Likes)
Thanks Eagle Eye for your comments on PNB HOUSING FINANCE LTD. It''s our privilege to have your presence at times of IPO. your comments really help common man to invest in IPO.
Under-subscription, if any, in the Employee Reservation Portion will be added back to the Net Issue. So as of now, 54% of 2,50,000 (emp quota) shares =1,35,000 remains unsubscribed, of which 35% ie 47,250 shares which is equal to nearly 2486 lots will spillover to retail category. Further, any technical rejection in Emp quota will increase the above figure.
585. Eagleye| Link| Bookmark|
October 27, 2016 11:09:37 PM
IPO Guru (6600+ Posts, 22000+ Likes)
For all those who have been asking me to add them ... I wish to inform you that:
1) I am not administering any Whats app Group
2) I am not on any other website ... (particularly Chanakya)
3) I will continue be patronise "Chittorgarh" ... as long as the modulator is happy with my posts ... the day the modulator censures/deletes even one of my posts I shall leave
4) My humble request to all those who like my postings ... चिटà¥à¤Ÿà¥‹à¤°à¤—ढ़ पधारो सा !! ðŸ™ðŸ¼ðŸ™ðŸ¼ðŸ™ðŸ¼
Hats off to you Mam, Once again you have been bang on on predicting the number of times of subscriptions. Keep up the good work, we are indebted to you. Lot of respect to you, and wish you and your family a very happy and prosperous Diwali!!!