Power Mech Projects Ltd IPO Message Board (Page 11)

Any One From Udaipur, Can Suggest Tourist Places To Visit....

At Udaipur Various tourist spots are there like Fateh Sagar Lake, Pichola Lake, Dudh Talai, Moti Dungri, Sahalion Ki Bari, City Palace,
Some of the places which is near by Udaipur Like : Nathdwara 55 Km, Chittorgarh 110 Km, Mount Abu 155 Km, Haldi Ghati 25 Km, Rajsambandh Lake 65 Km,

Members new ipo have

Listing price will be 700/-

Gmp 102-105
Ratio application wise
1:2.72
Enjoy ipo buzz

Navakar ipo gmp will start tommorow

@pinkyjain. Give details about navkar and puskar.

Shree Pushkar chemical ipo
Bid lot 200
Price band 62-65
Eps 5 pe 13 times
No gmp kostak active

My idea is it doesn''t matter what the IPO retail subscription was. What matters is at what price max shares have been bid for. People who have bid at full and how many are they matters. If not subscribed at full price then the next lower rate at which the issue get fully subscribed would decide the issue price. People who have bid below it would not get any shares whereas people who have bid at or above the price would get the shares depending upon the % of subscription above that price. It doesn''t matter if retail get subscribed 10,40 or 50 times.

Though technically you are correct, most of the retail bids are generally at cut-off. Even in this IPO, more than 90% have bid at cut-off. So number of times in retails directly affect subscription.

I applied in the IPO on 7 Aug at 1130pm then I fail to understand how my application got registered at 1148pm on 10 Aug. Why it did not get registered in the morning of 10 Aug itself? Anyone any idea. Is it manipulation to register applications late. I am using HDFC Sec.

May be your ipo order might have gone in error mode and they have manullay corrected the system and hence it was clcked on monday , sat , sunday were holidays ,

it happens

RETAIL investors were purposely kept in dark by the so called HNI investors , i also had changed my mind yesterday and was to cancel my two application, i also wrote the same yesterday , but after the lising of synerge is changed my mind and wrote again to subcribe for the issue ,
i aslo wrote that i am applying for all 6 family application ,
retail investors were kept in dark by HNI INVESTORS

In Delhi, Power Mech IPO did not receive much publicity. The brokers could not provide :
1) List of Bidding Centres
2) List of Banks having ASBA facility.
3) The public were given a single-sheet application without any details.

Many investors who filled ASBA column with Syndicate Bank details were telephonically told today that Syndicate Bank if not in ASBA list for this issue.

otal Issue Size      29,88,300
Total Bids Received      11,39,14,660
Total Bids Received at Cut-off Price      47,89,200
No. of times issue is subscribed      38.12

so the total bids at cut off is around 1.6 times, i dont think its a good sign.

all the other bids might be bogus to generate a hype around IPo, so its better to stay away.

Also, if somebody wants to generate hype around the IPO, they do it on first and second day itself, instead of waiting till 3PM on the closing day. What they have done in this IPO is they kept retail in dark till 3 PM, where people who apply online through ASBA need to do it before 3PM and they form a large chunk of retail investors. people who apply through paper are very less. So they mainly blocked this online retail ASBA appliers by keeping subscription low so that no one applies.

Seems like you have missed out on applying so trying to convince yourself. By the way, only Retailers have cut-off option. QIB and NII dont have the option at all. So dont worry

Till second day, it was seemed that the issue would fail. However, on the 3rd day the scene changed completely. Most of the retail investors were in dark about viability of the issue.

Anyway, what is the date of allotment and date of listing ?

Retail Subscription is low becamany retail investor wait till 12:30 pm on final day to check subscription detail on chittorgarh.com and subscription figure was only available at 01:33 pm. After 01:00 pm, online application through ASBA of most of the bank are closed.

Total subscription 38.1 times
3.4 times in retail
QIB 27.5
NII 133.2
Retail 3.4
Total 38.1

This is from IPO Central, appears to be latest

gmp jumped to Rs. 105, kostak 650-700
navkar confirmed 24-26, size 600 crore price band not declared yet
pushkr chemicals 25-27, size 70 crore, price band 61-65

Pinky Jain Jee, Number of Applications pata karne ka koi tareeka bataiye.

RETAIL ALLOTMENT EXPECTED

BY LOTTERY 2.5: 1.

Applications may be around 2 lacs.

Best of luck

MR. ARUN JI RETAIL 3.25 TIMES ME SE 6 MESE 3 KO MILEGA NOTED

New allotment for retail is based on applications received and RETAIL over subscription has no role in allotment.

15 lac retail quota ,if 75000 applications received everyone I''ll get 20 shares.
However it is exp cited that around 1.5 lac to 2 lac application will be made . So expect 2 out of 5 application may be alloted 20 shares by lottery.

Pushkr chemicals 25-27
price band 61-65
lot 200 shares

COME ON TON BY TONS NOT PENIK IN VEDHAR

At 5 PM:


Qualified Institutional Buyers (QIBs) 27.52
Non Institutional Investors 133.21
Retail Individual Investors (RIIs) 3.12

Total 38 Times

As on 4:45 pm
QIB 10.73+16.79 = 27.52
HNI 87.76+45.46=133.22
RII .94+ 2.15= 3.09
Total37.96

Mr m gupta is wrong....Mr pinkyjain is right..
.

38 times subscribed.

As at four pm it is already overwhelmed subscribed by 38 times