Still in a quandary to apply or not. Heart says apply but mind says STOP- no QIB n marginal NII subscription. I think I will wait n watch till 1430. If subscription still not satisfactory then I will not apply. Although I m in favor of issue but my thinking is that QIB and NIIs especially NIIs are not fools. If they are not applying then alarm bells should start ringing.
418. Chem cho| Link| Bookmark|
January 29, 2016 1:33:51 PM
IPO Guru (2600+ Posts, 2700+ Likes)
RS 200 CRORE IS REQUIRED TO RIG THE ISSUE BIG BULL OF INDIGO IS SMASHED OTHER HAVE LOST MONEY DUE TO SENSEX GOING DOWN , FI HAVE RAN AWAY , FROM THIS IPO FROM WHERE 200 CRORE GOING TO COME STILL WAIT FOR CLOCK TO STRIKE 5PM DIRECTORS OF PCL RUNNING FROM PILLAR TO POST
Not sure why so much discussion abt this ipo. There are many oppurtunities in secondary market. Instead buy fourth dimension available at only 5 p/e and debt free company. Precision is neither bad and neither good. It has priced at 26 pe so haven, t left much on table have debt of 235 crore. 2014 profits were n, t great due to one time write off. Positive is clients are good. My feeling is it would stay around issue price. Buy fourth dimenaion instead
( AS ON Jan 29 2016 1:15PM ) Total Cummulative Bidded Qty Subscription % of Total Total 3,39,94,667 100.89% 100% Margin 88,05,157 26.13% 0% Margin 2,51,89,510 74.76% Non Retail Portion Subscription % of Total Total 2,80,24,419 103.97% 100% Margin 28,34,909 10.52% 0% Margin 2,51,89,510 93.45% Retail Portion Subscription % of Total Total 59,70,248 88.60
QIB and Nii seems not fools like retailers who blindly apply at any prices......date can be extended till Tuesday with prices reducing some 20% types......
410.1. Chem cho| Link| Bookmark|
January 29, 2016 1:16:41 PM
IPO Guru (2600+ Posts, 2700+ Likes)
yes issue price should be reduced ,QIB are asking for same
I HAVE APPLIED TWO APPLICATIONS THROUGH (STATE BANK OF INDIA) ASBA. IF TODAY THE ISSUE IS NOT FULLY SUBSCRIBED OR LOOKS WEAK, CAN I WITHDRAW THE APPLICATION LATER ?
I''m too new but logically it seems that if the dates are extended & prices revised, you should be able to withdraw/amend your bid. But if dates are not extended then the issue will be deemed closed & you can''t do anything post 5 pm today.
409.4. Chem cho| Link| Bookmark|
January 29, 2016 1:15:09 PM
IPO Guru (2600+ Posts, 2700+ Likes)
YES YOU will have to mail to link time , register of IPO that i want to cancel the bids ( give reason ) and they will ask for letter from you , so act fast by Saturday , and also send then letter signed by applicant , courier it , best of luck issue price is likely to be reduced , check the same and act ,
BE CARE RETAIL INVESTOR ,,,,,, LOOKING HIGH RISK.....
406. Chem cho| Link| Bookmark|
January 29, 2016 12:51:56 PM
IPO Guru (2600+ Posts, 2700+ Likes)
STILL 200 crore is required to rig the issue HAVE PCL kept dummies , and asking retail investors to apply , in issue , QIB are asking to reduce the issue price , still not understood the issue , what is going on Yesterday i said i am not applying , and i am firm till the end of day
406.1. Ou Ai| Link| Bookmark|
January 29, 2016 12:55:48 PM
Top Contributor (300+ Posts, 300+ Likes)
I am not applying too. I am afraid, we may see several withdrawal from big retail applications trying to show oversubscription ad induce many others to apply.