@ria shroff- You either have to square up the position on the same day or give delivery of the shares from shares bought earlier. There is no way you can short sell a share without it going for exchange auction. Alternately, you can short sell a future, where you dont have any risk of exchange auction.
@Shravan Agarwal's DOES IT MEAN I HAVE TO EVEN MY POSITION ON SAME DAY IE SELL IN MORNING AND BUY IN EVENING. HOW CAN I AVOID AUCTION SYSTEM BY EXCHANGES
@ria shroff The share you short sold has no connection with the share you bought. The short shares will be bought in auction by NSE on T+3 day & what ever is the cost of the same, that will be debited to your account by the broker as per the bill of NSE The shares you bought, will be delivered in your DP by the broker
Sorry for being off topic but i wanted to know about IPO financing. A lot of friends are applying for full 2 lac application by paying only 25000. so in 2 lacs, they apply for 8 full applications and sell these in grey market.
Can you plz tell me which companies provide IPO financing? thanks,,
Earlier dicision of ex sebi chief that qib bid of ipo will close one day before retailer so that retailer watch the demand and apply as per oversubscription,have comes to doubt, whether this decision was for trap to retailer?
FROM EQUITY MASTER : After doubling the maximum share application limit sometime back it seems that the market regulator SEBI has showered another freebie on retail investors. It is generally a trend for many companies to offer a discount to the retail investors at the time of an IPO/FPO. However, from here on SEBI has stated that the retail investors will be able to bid at a discounted price itself rather than the offer price.
Lets us say that you bid for an IPO where in the offer price is Rs 100 and the discount offered is 10%. So henceforth, you will be able to bid at Rs 90 (discounted price) instead of Rs 100 (offer price). This would mean that the retail investors would be able to bid for more number of shares. We believe that this is an investor friendly move considering that government has quite a few FPOs lined up in the coming months. However, in order to garner more retail participation we believe that pricing would remain a key factor rather than discount. Nonetheless, considering that the discount is offered only to retail investors it may serve the purpose of improved participation from their side.
Dear friend 638. vasanmnm by mistake you check the allotment status of power grid and PFC allotment is not out yet. so wait for some more days for geting the allotment and profit is sure in PFC soooooo Cheeeeeeers
Looks like Karvy has updated PFC allocation..?? I applied for full 980 shares..but karvy details shows like i have applied for 585 and allotted with 157 shares..Please confirm if i am looking correctly..Application No. 11838446 Client-Id 52737734 Shares Applied 585 Shares Alloted 157
Pfc current grey market premium is 22 rs == 8500 rs. This is the right values. Get a finance through Muthut finance and invest in power finance. This is the way how to recover profit of Muthut finance.