Is it possible to have Term Deposit for a year or so, and take overdraft on the Term Deposit and apply for IPO through online ASBA ? If its possible, will it earn us better money rather than keeping the amount in Savings a/c and applying for IPOs?
I just checked Kotak Bank, they offer Overdraft facility upto 85% of the Term Deposit @ 2% above the term deposit rate. Any other better deal available in the market?
TO: Chivitra - For Tecpro enter at Rs.365-370 exit at Rs.380-390 (I have done this for many times) For Vijaya bank Rs.85-90 and Rs.95-100; For Berger Paints Rs.85-90 and Rs.95-100 and for Coal India enter at Rs.313-315 and exit at Rs.322-326. This band will be there for another one or two weeks or till Nifty in the range of 5800 to 6000. Depending upon Nifty movement plus or minus 5% can be incorporated.
In previous Govt. we are almost winner (90%) in IPO’s but this Govt. and Corporate have not left anything for retailers or almost they are planning to do THE END of retailers by maximum losses including PSU and privates as well.
NHPC (PSU) – IPO @ 36/-. After One year struggling at 27/- Target – 18/-. Already Loss booked – 8,000/- NMDC (PSU) – FPO @ 300/-. After one year struggling at 260/-. Target – 210/-. Already loss booked – 8,000/- SCI (PSU) – FPO @ 140/-. Struggling at 133/-. Target 115/-. Have to book loss. No chance to get your investment as it is PSU like NHPC, SJVNL. SJVNL (PSU) – IPO @ 26/-. Struggling at 22/-. Target – 14/-. Already loss booked -4,000/-. Jaypee Infra – IPO @ 102/-. After one year struggling at 65/-. Target – 40/-. Already loss booked – 21,000/- Emmbi – IPO @ 45/-. Struggling at 19/-. Target 10/-. Already loss booked – 18,000/-. Indiabulls Power – IPO @ 45/-. Struggling at 27/-. Already loss booked – 19,000/-. Reliance Power – IPO @ 270/- Struggling at 170/-. Already loss booked – 15,000/-. D B Reality – IPO @ 450/-. Struggling at 250/-. Already loss booked – 10,000/-
Similarly, Tarapur, Nitesh Ji, Ramky etc. etc.
Forthcoming – Hind Copper (PSU), Nalco (PSU), ONGC (PSU) will try to give maximum losses to Investors as Gov will be very happy to give more and more losses.
These are not like TCS, Infosys, Jubiliant, Cox etc that will think for investors rather these are only to give maximum losses to investors.
Now, after increasing limit up to 2.00 Lakhs by SEBI, retailers profit are almost gone but losses are unlimited like above.
Now, Gov, SEBI or Corporate will not listen to any retailers or AAM Aadmi but they will think for there own profits only.
Good Gov, Good Corporate, Good SEBI. Jai Ho
We all should request to BJP to please raise the issue in Parliament as AAM Aadmi and Retailers have no other choice in this Gov. Happy losses to all investors of above in this Gov
I have applied for Punjab & Sindh Bank IPO using the HDFC Securities account, for 300 shares at the full price of 120/-
But today when I checked my bank balance, I see that 36000 is debited from my account for this IPO Application.
Can someone tell if this is the process? I believe ASBA should hold the money in your bank account and the money should be only debited upon the allocation of shares.
Do you know how I would get the refund money for the unallotted shares? whether it will be a refund cheque or direct deposit into my hdfc bank account
after clicking investments, click online ipo ( asba) then fill the ipo smart application and click submit the information will be stored forever whenever u apply in an ipo go from payment for ipo option ur saved details of deemats a/c will apear.
hey can anyone help i opened an axis bank account now how to register for asba i cant find on the axis bank site where to register for asba where i click on investment then there it shows no demat registered how to register it then ?
Response to 636.NSE TRADEME: Assume that the price is fixed at Rs. 120. Both investors bid at Cut-off and investors who bid at Rs. 120 are eligible for allotment. If you look at NSE-BSE demand graph priced bids below 120 are only for 16 lakh shares. So minimum number of oversubscription may become 44.33 instead of 44.45.
SEBI has not posted any where the response on its proposal to enhance the limit from 1 lakh to 2 lakh.Only through RTI it may be possible to find out the response for its proposal.I am quite sure the response would have been most retail investors would have opposed the plan.At that time I myself & several other friends in chittorgarh have posted mails requesting not to increase the limit.
After Increasing Limit from One lac to two lacs Abbreviation of IPO=Initial Public Offer---> wrong / Not Applicable now. To say public offer, public quota should be more than 51 %, but here poor public is not getting any thing. At least one market lot of 50 shares should be given to retailer public to say public offer, otherwise it is big bull offer./ cheating offer.