Please do not put entire money in punjab & sind Bank IPO. We must try our luck in secondary market where shares of banks have retraced to low level i.e LIC Housing Finance, Central Bank, IDBI Bank etc. I feel due to oversubscription of around 25 times, all may get 1-2 lots only if get a premium of Rs. 20-30 You are making only 1000-3000. Where as you are blocking your 198000 for 15+ days
Some comments are comming that Punjab & Sindh Bank have no wide network in northern India therefore it may be effect its listing price. Are you agree with this?
Don't rely on State Bank of India's ASBA, it is not good, Many people including me Could not Appy for it, becaus of SBI's server failure. rely on some other banks ASBA
309 K K NATARAJAN THANKS FOR YOUR ADVICE.I NEVER THOUGHT ABOUT IT.
312. Golmaal| Link| Bookmark|
December 14, 2010 6:51:47 AM
IPO Mentor (900+ Posts, 600+ Likes)
Buy central bank of india which has fallen from 249 rs to 166 rs, now at 174 rs for good returns. Note it was one of sponser for recently concluded commonwealth games.
304, Rath, At 12.30, using NSE-BSE demand graph, you will get to know the subscription figures only up to 12 noon. When in doubt about the subscription, see the demand in the NSE demand graph and in BSE site separately and add them both. It will give you the latest figure, which could be handy to take some late decisions.
SBI ASBA IS BEST ONE IN MARKET..I HV A/C WITH SBI(3),HDFC(3),AXIS(1),IDBI(1),INDUSIND(1)=TOTAL 9 ACTIVE A/C.I HAVE CLOSED MY A/C WITH ICICI,BOB,BANK OF INDIA, UNION BANK..... MY RANK ON ASBA: 1.SBI 2.AXIS 3.ICICI/HDFC 4.OTHERS PROVIDE ONLINE ASBA HDFC / ICICI ASBA MOVES LINK 2 OTHER SITE LIKE HDFCSEC ETC....THAT IS NOT GOOD AXISASBA-NO OF CHAR IN NAME FIELD IS LIMITED.SOME TIMES AXIS ASBA NOT WORKS BUT IN SBI ASBA IS SIMPLE,USER FRIENDLY
IT'S PROFIT IS 700 CRORE AS PER LEGAL BALANCE SHEET AND IN 2-NUMBER IT IS 1500 CRORE FOR SURE SO IT'S EPS IS MINIMUM 60-70 RS SO AT P/E OF 20 IT WILL BE AT 1200-1300 ON FIRST DAY............ REMMBER ME AND MEET ME ON 15th
SRINI(302) I agree with you on the 2 PM factor.But I do not wait even upto 2 pm.Maximum,I wait upto 12.30,see the NSE&BSE demand graph from NSEINDIA site and then apply.I do not agree with you regarding filling the application details every time.Next time you fill up the details and save it with a profile(name).Thereafter,you just have to click on "Recall applicants details" in future.A pop up will come from which you have to select the profile for applicants' details.You can save more than one applicants details under different profile name.
RATH, As I mentioned earlier there are 2 disadvantages for SBI, Issue will close 1 hour before by 2PM on last day, for other banks there is time till 3PM so user can decide whether to subscribe or not by 2:57PM, incase of SBI user has to take a decision by 1:57PM.
Secondly you have to enter all the details like PAN no, name, client code every time you are applying for the issue.
To Ajay Kiran(292) I have my trading account linked to Axis Bank.Now,I am using it only for transferring fund to or from my broker and receiving dividends.I have stopped using Axis bank for IPO.I am using the ASBA facility of SBI Through internet banking.As reported by some members,the Site might have some problem on the last date of MOIl issue.But that is an exception and that may also be due to problem with the local service (Internet) provider.I have appiled through SBI on the last day of MOIL IPO.And such thing (internet problem)can happen with any bank's site on some day or the other.My choice is SBI. You may try both Axis and SBI like me and then make your own preference.