Punjab & Sind Bank IPO Message Board (Page 47)

Some people are saying that GMP is only 35 AND it will give only 2000 rs per application

Can anyone explain how does a bank give for 2 lacs for 7-8 days
It is hardly 200 Rs(if u apply using physical application)
If u apply using ASBA then there is no loss of even this 200 RS
So 2000 Rs is not bad in timeframe of 7-8 days

Please don't expect coal india types of return in every issue

Some people don't want the retailers to apply in this IPO so that they can get good allotments

PSB is present at very attractive valuations
No chance of losing money

Although the allotment will be less but still we will get a good profit as compared to leaving money in the bank account itself

In share market we should not expect same type of return in all the issues
Every issue is not like Coal India
We should apply each and every issue where chances of losing money is zero ..
In next 15 days no other IPO will come
due to FIIs are going on holiday and PSB will suck the money from market
So better to optimize ur returns
Apply in full load

Nice one from EM for all of you,

Beware of crowds and commentators!

We are a strange country. We play only two games. One is, of course, cricket. The other one is speculating in stock markets. There is one very important aspect that is common between the two games: the crowds and the commentators.

Try and think of an India-Pakistan one-day match without these two elements. Imagine an empty stadium with just the two teams playing. No cheering, no booing, no yelling, no clapping. And no "wise guys" yakking away endlessly into the microphone. How about it? Would that be a cricket match at all?

It would be an absolute drab. Quiet. Empty. Emotionless. Endlessly boring.

Enough of cricket. Now switch to stock markets. Do you see the similarity already? Here, the companies are the 'players' while the 'crowd' comprises investors and speculators. The crowds and the commentators are quite an interspersed lot. It is often difficult to differentiate between the two. And unlike cricket where there just a couple of commentators, stock markets bear hundreds of them.

A cricket match may last a day or at most five days. A 'going concern' company has a much longer life. But the amount of commentary and the so-called "expert advice" that pours in minute after minute is humungous. Loads and loads of information, news and views are bombarded at you 24x7. News ancho*s, reporters, analysts, "market gurus", economists- all take turns to pound at you. It makes you feel as if the world is changing so quickly and dynamically that if you don't react then you might just lose out. In such a scenario, the easiest option is to impulsively react. Because you would have to be a supercomputer to really be able to make any sense of the plethora of information.

Let's answer some simple questions. Does a company's fate change minute after minute? Does its sale and production rise and fall every single day the way its stock price does? Absolutely not! Would you judge the fate of a cricket match looking at a few balls?

If you quietly step back from all this ruckus and chaos, you might begin to understand what's going on. It is quite natural to be drawn to the loudest and the most prominent stimulus. The yells and noises that the crowds and the commentators make are quite compelling. But should you listen to them? We hope you know our answer!

The companies are the 'real' players. They are the ones you should be looking at. What the company does, rather than what the crowds or the commentators do or say, will matter in the long run. Simple. So mute your television the next time you watch a cricket match

Shreedhar,

done.. 2 full applications submitted just now. Like you say, I am not going to lose anything as I am using ASBA for my IPO applications.

Thanks for your timely advice on MOIL and SCI (completely avoided).

Gane.

Dear Sreedhar,

As per yours and many people's view, I didn't apply for MOIL and SCI. As far as the PSB IPO is concerned, I decided not to apply due to over subscription and less allotment.
But after seeing your words I have decided to apply to strengthen your opinion.

karib 70 guna bhar jayega sher to lotri me hoge sath sath primiyam bhi nahi hoga yad rakhnaaaaaaaaaaaaaaaaaaaaaa
moil ke jaise popat ho jayega !!!!!!!!!!!!!!!

@Pritshah,
thanks for reminding. I missed that info.

after MOIL & SCI fiasco ipo market is fading rapidly.qib portion subscribe only 49 times.where as in MOIL qib portion subscribe 49 times,despite that moil issue size was 1200 crore and P&S size only 480 crore.only retail portion will subscribe 30-40 times.for the gain of 1000-1500 per 2 lac application.good going

Dear MS

Non insti investor can still subscribe 2morrow. hence final no will be known 2morrow only. Only QIB close today

punjab&sind bank
allotment will be less and so also profit but from moil we should learn and lesson to quit with profit no use of waiting for the rate to go up
i always go by the premuim rate and sell this time i went wrong to decide the rate to go to rs 590 again and above rs 600 for moil
we may hardly get 50 sharesfor rs 2 lakhs application
good luck

@Pritshah,
yes , grey market premium has come down, which is reflecting in the non-inst subscription nos.

This is going MOIL way. Subscription is not guaranteed unless you apply for max amount. And allocation is going to be quite less, reducing the profits. I'm going to skip this IPO and look for better stocks in secondary market - Corporation Bank, Axis Bank etc.

it is subscribed 8.38 times in nse and 2.21 times in bse ( retail )

what is the present subscription quantity..?

I think this will be lesser subsribed to MOIl due to current IPO fiasco and fading grey market.

HNI(non-inst) subscribed only 22 times. this is surprising. it seems psb will go the moil way.

If big IPO like Coal India can easyly Subscribe by limit of 100000 hen what is use of 200000 ???
It will restrict Real retail investers to participate.

Will it better to by uco bank instead to invest in punjab & sindh bank

RETAIL INVESTER KO AB TAK 1 LAKH K INVESTMENT PE JO RETURN MILTA THA
WOHI RETURN 2 LAKH K INVESTEMENT PE AAJ MOIL K IPO ME MILA.
THIS IS A VERY VERY BAD............

The congress goverment is working just for the benefit of corporate sector. Yesterday statement of Mr. Manmohan Singh about the phone tapping issue is clears that they are concerned about corporate sector only. They have no concern about the Public at large.
The present act to raise the limit from 1 to 2 lac is beneficiary just for the company who brings the IPO not for the retail investor unless the total retail quota is enhanced.
SEBI is not taking any steps to ensure the fair valuations of the IPO price. All are corrupt. we should be very careful while applying for any IPO.