Since no IPOs are currently open people have started fighting here. Dear friends this is not a battle ground. Don't use this forum to settle your scores. As far as stock market is concerned nobody is an expert. It is just speculation. What is the need of such unnecessary fighting?
SOME OF THE RECENT IPOS FROM JANUARY'10 , THAT ARE TRADING AT GOOD VALUATION CAN BE LOOKED UP FOR BUYING IN STRAGERED MANNER IF ONE WISHES, HERE IS THE LIST:-
CO NAME Issue Price Current Price %Gain/Loss my buy price
It was Hero Honda's day yesterday in market. I bought it last Thursday but on seeing handsome returns, sold it at the end of market hours. If I had taken delivery it would have made me happier than the MOIL investors.
devulapallic, This is what will happen when people rush to apply for IPOs.Its was most easy to predict such scenario & there is nothing new in this development.History is replete with such incidents.At reliance power time,At Vishal retail time,At DQ entertainment time & most recently Eros time.After wards came Oberoi realty in which no one applied.Thats why I applied in full for PSB & asked friends in Chittorgarh board to apply so that after one more disaapointing return all the fair weather IPO investors will stop applying & leave the field for dedicated IPO investors like us. PS:I applied for Ravi distilleries with physical application & held the application after I observed its GMP going from 1.5 to 3 immediately post IPO closing.I hope to make good money through Ravi
Investors take risk to get reward. Hence it is justified to expect a minimum return of 30% from IPO and FPO. But most of the IPOs have given loss only. Th pricing system is faulty. Authorities should look into the matter and do justice for the investors. A new Fair price policy should be evolved to fix the IPO issue price band. Regular interaction should be made with the investors and general public to invite public opinion on the effectiveness of the regulations.
Mr Bj @ 728: I arrived at 10.30 times retail subscription for MOIL Ltd IPO upto Rs 100000 limit as follows:
(1) Extract retail category subscription figures (No. of shares applied) – Available in “Basis of Allotment” in chittorgarh.com
(2) Cast total of No. of shares applied for all Lot sizes from 17 to 255 shares (Rs 95625). This works out to 1221.70 lakhs
(3) Divide the above 1221.70 lakhs shares applied for by 115.25 lakhs shares offered for retail category. This works out to 10.30 times.
In this connection one cannot rule out the possibility of retail investors (who were earlier submitting applications upto previous maximum limit of Rs 100000) now submitting applications upto revised maximum limit of Rs 200000. However, number of such retail investors may not be significant.
But there are more chances of non-institutional investors (who were earlier submitting applications under NNI category above Rs 100000) now migrating to retail category in order to avail 5 percent to investors in retail category. I have gained this impression because 49404 applications were received for 272 lots (Rs 102000) for a total of 134.38 lakhs shares.
Calculations apart, it is a fact that SEBI’s action in revising the maximum limit has deprived the retail investors of chances of allotment.
In my own case, I submitted applications for maximum lots (Rs 197625 each) using five demat accounts of my family members for MOIL. Disappointed by only 17 shares allotment for each demat account, I restricted application amount to Rs 96000 only each for five demat accounts in case of Punjab & Syndicate Bank
Hi, On what basis they are fixing the premium? Who is approving? (SEBI) Where this money going? If, they are using the money for said purpose the company never fell down, they can give the minimum assurance for investors with in certain period what they offering in their prospects; otherwise certainly the company will fell down in such situation SEBI is the responsible to give the invested-money back to investors. Here no assurance for investor’s money means play between SEBI & Millionaires in the name of IPO & FPO