36. sreedhar Mar 03, 2010 11:54:44 PM IST Report Spam Chota PSU banks have increased by 15 percent after Budget.So will our Chotu-UBI.I think it will reach 85-90 & I will be selling my 950 shares @90. --------------------------------------------------------------------- Previous prediction of UBI when UBI was around 68-70.
PSB has come out with even more juicy valuations.Those who get allotment do not sell before 200.I will be buying If I get around 140-150 range post listing while at the same time applying maximum for the IPO so that after 1-2 more IPOs non serious IPO investors will get bored & stop applying seeing heavy subscriptions.
I am holding account with IIFL.. there is no AMC charges in IIFL but there is DP charges for shares settlement.. last one yr i have paid close to Rs 700 as DP charges.. hope everyone knows what is DP charges..
I fully agree with 345 ipowatcher. If SEBI want IPO culture like in PPF they should say the 5% discount (why should increase this as well) and insists that these shares should be held for number of years. if sold they should get back 1 % each year short.
Point 2. Can any body give the rationale behind myself and my wife both PAN holder and DMAT seperate (jointly) applied on 2l limit. only one application through ( may be 49 out of 50 and a unlucky one) but the same happened to my fried from a different geographical location. by any chance treated as HUF or what? in computer sorting searching time consuming. it might not have happened.
But if it is true then we can decide applying only one. any comment please.
Mr Ipowatcher @ 344: We grudge SEBI's action for not affecting corresponding increase in 35 percent Retail Quota. Don't you think this is detrimental to our interest.
Issue of Punjab & Sind Bank offered on higher valuation i.e. Rs.120/- while EPS for FY10 was 6.6 in Peers comparison report which was submitted in SEBI.I received report from close person therefore, the issue does not look attractive due to higher PE i.e. around 18 as per issue price of Rs.120/- although others smaller to medium PSU Banks are trading around PE of 6.5.
regarding SEBIs 2 lakh limit , I would like to pose one question to all of you.
We all coming under retail category. ie retail investors whenever we apply for share upto 2 L . though we are retail , are we investors in the true sense? Very few people here in this board tend to hold the shares for a long period, looking the IPO as an investment opportunity. Majority( me too) is looking for cashing in on listing gain. Though , this by any means is not a sin, then we can not claim that we are retail investors , just because we have De-mat account.
There may be opposition to this view, though this is the truth. Then why blame SEBI alone for the 2 L limit? The crowd has become wiser now, thronging o only good issues , leaving the bad apple aside.
Can we suggest that the real retail investor should be given at least one lot in the IPOs? then who is the real retail investor? He should be small and should invest with a longer time horizon as well. This could involve lock in period for the alloted shares. So this way, I think the true small investors could get benefited from IPOs.