Precision Camshafts Ltd IPO Message Board (Page 29)

hi eagle eye.
I applied for 1 lot, will hold long term (50% holding), expectings 10% - 25% listing gains

my questions are (as i found you most knowledgable person here)
1. Is NII poor response is becaof ASBA system, or something else which i do not know?
2. is promoters high salary is the reason for low subscription (does this matter this much?) , same thing about valuations, whole indian market is overvalued so does this matter in short term?

Firstly, I am quite a newbie in this arena ... so I am not really the best person to advise ...

However, let me attempt to answer your questions to the best of my ability:

1) NII usually apply by taking from NBFCs ... the loans are for a short term loan of 7 day duration ... as this was the first IPO which has a faster allotment (4 days) ... That has created the problem ... NBFCs cannot borrow from the market for less than 7 days ... whereas the NII do need the loan for more than 4 days ... therefore there was a logjam and no funding was possible for this IPO ... which is why the NII could not participate wholeheartedly in their usual manner.

2) Promoters High Salary is an matter of the past ... they did what they did while they were still a private company ... as a public listed company they will henceforth have to comply with the rules in respect of the Management Remuneration as laid out in the Companies Act, 2015 and as such they will not be able to take such high salaries as they have done in the past.

I hope this adequately satisfies your queries .... I invite other senior members to comment

hahaahhaa.....Looks like PCL employee

Sahi hai...
U must replace Mr.Yatin Shah of PCL

No. Simply ur application will get rejected. Thats it.

But the data not updated on nse bse

But the data not updated on nse bse