Punjab & Sind Bank IPO Message Board (Page 48)

PUNJAB & SIND BANK - NSE Bid Details                        
Updated as on 15 December 2010 at 1600 hrs                        
Sr.No.      Category       No.of shares offered/reserved       No. of shares bid for (NSE+BSE)      No. of times of total meant for the category
1      Qualified Institutional Buyers (QIBs)        19,000,000.00       47.79338947      47.79
2      Non Institutional Investors       5,700,000.00       20.70250877      20.70
3      Retail Individual Investors (RIIs)       13,300,000.00       6.788680451      6.79
4      Employees (EMP)       2,000,000.00       1.17865      1.18
      Total       40,000,000.00       27.96813625      27.97

SEBI ne band baja di hain faltu main 2lacs kartke..koi fayda nahin hain..sabko laga tha ki 2lacs walo ko double shares milenge..it has proved to be a rediculous decision..

For 2 lakhs, you are likely t get only 50 shares, grey mkt premium of 30rs gives 1500, may be upto 2000.

As per the red herring prospectus, the bank has income tax disputes having financial implications of Rs. 254.90 crore and debt recovery proceeding having financial implication of Rs. 1,085.97 crore.

The problem with this IPO is oversubscription. I expect it to be list around 155. If you do not have at least Rs 50,000 to 60,000 in your account, there is no point in investing in this IPO. You won’t even get a single lot. Even if you apply with large amount, nobody will get more than one lot.

when UNITED BANK came out with ipo banking stock was in uptrend.now with P&S BANK IPO banking stocks in downtrend.so be EXTEEEEEEEEEMLY CAREFUL.PROTECT YOUR HARD EARNED MONEY

IPO flavor is over.

Listing of MOIL-SCI suggest that all cream from IPO investment is over for the short term. This might affect the subscription number of Punjab sind let see! still PSB in retails is 6 times only whereas MOIL closed 10 times on 2nd last day in retails

Retails might move out. As grey market is also loosing its steam

1650 * 50 = 198000.

Now share will go near about 45 times in retail if we are applying for 1650 shares then 2 out of 3 will get share.

Do not use loan amount.

On two lakh amount very lucky person will get allotment so don't take a chance with loan amount.

If share subscribed 33 times then we will get only 50 share on two lakh amount.

If share list at 140/- than 50 * 20 = 1000/- rupees. This will go in interest and in brokerage on 2 lakh that's mean no profit and big risk if share list near 120/- or if we get no any share in allotment. ( IN MOIL 49 OUT OF 50 GOT SHARE)

PSB @ 3pm

QIB 36.22
NII 13.58
RII 5.68
Emp 1.12

Overall 21.09

PSB @2pm

QIB 22.60
NII 12.89
RII 4.70
Emp 1.08

Overall 14.19

QIB-22.60
NII-12.89
RII-4.70
EMP-1.08
TOTAL 14.19

At 2 PM in NSE
QIB - 19.01
NII - 8.66
RII - 3.85
EMP - 0.91
TOTAL = 11.59

Govt in talks with S Africa for manganese ore mines

Source: BS

Mid-Cap PSU Banks - Dena/Syndicate/UCO - are down 4-5%

PSB GMP @ 32-33

Went to broker's office at 9.15. Moil was at 581. i told sell all ( 17+17+17), broker told no, then told will sell in one account.sold at 580.5.i was thinking i will wait for 1/2 days. by that time it went down to 575..574..573.. broker told we will sell. i said ok. another 17 sold at 571 .. by the time he keyed in another a/c no. it was at 566. sold that also at 566. with in another 5 minutes it was at 555.

MOIL at 480.aur apply karoge ipo main ya MOIL se kuchh sabak mila.2 lac ke investment per return kewal 2000.wah bhai wah.

MOIL Listing blessing in disguise now only serious investors will apply in IPOs & As a consequence this selling pressure will also be not there.

Any one tell me how decide the listing price of an IPO?

PSB @13pm today

QIB 16.94
NII 11.63
RII 4.08
Emp 1.07

Overall 11.12