Did you try ASBA of SBI for MOIL IPO on the last two days of closing? If you did, then you would have never written your comment about SBI.
The web site was down for over 30 plus hours. The users could not log in to their net banking at all as it was fluctuating or partial connection. Result several SBI users could not apply for MOIL using ASBA. The same problem occured with HDFC users as well. Looks like something was fishy.
I agree with 292. ajay kiran SBI and its associate banks SBBJ,SBP,SBH and SBT not only has appreciable ASBA but also many other Free-of-charge facilities which other PSU and Private Bankers lack.
292. ajay kiran, Its wrong, it is the worst of all I believe, few facts are 1). Subscription will close by 2PM on last day of the issue. 2). Everytime you have to enter all the details. 3). Take the MOIL issue, everybody suffered on last day, online did't worked and lot of people did't applied because of this.
I have 2 banks, corpbank which is best one upto now for me, it will close at 3PM on last day, just select the issue code, select the account No. and investor name with bid quantity and bid price which is the simple way of application. Other one is Axis Bank, this has the additional benefit of applying upto 3:15PM on last day of the issue, I never tried this so I cannot assure this. Go for Corpbank or Axis bank.
289,Subash IPO, The subscription details provided by you is wrong. The subscription is actually as follows at the end of Day 1: QIB : 2.94 NII : 0.18 Retail : 0.40 Employees: 0.51 Total : 1.58
Punjab & Sind Bank IPO looks attractive: Motilal Subscribe Punjab & Sind Bank IPO at higher band: Anagram Subscribe to Punjab & Sind Bank IPO: Mehta Equities Subscribe to Punjab & Sind Bank IPO: KRChoksey Subscribe to Punjab & Sind Bank IPO: Unicon Wealth
DESPITE ALL ABOVE RECOMENDATION EVEN IF WE CONSIDER THAT ONLY 40% OF THE MONEY RETURNED FROM MOIL FINDS PLACE IN PSB WE WILL GET ONLY 50 SHARES FOR 2 LAC APPLICATIONS SO MAXIMUM GAIN OF RS.1600/ 2 LAC APPLCNS.
any one tell me that asba ke through apply karne se block amount ka savings a/c main interest , as applicable, milta hai kya/
282. Chem cho| Link| Bookmark|
December 13, 2010 6:16:13 PM
IPO Guru (2600+ Posts, 2700+ Likes)
PUNJAB & SIND BANK THIS ISSUE HAS ALREADY SUBCRIBED 1.58 TIMES .5 TIMES IN EMPLOYEES QUOTA THAT SHOWS THE CONFIDANCE THE SHARE HAS .4 TIMES IN RETAIL AND QIB 2.94 TIMES AGAIN THERE WILL BE LOTTERY IN THIS ISSUE AND CHANCE OF GETTING SHARE WILL BE LESS AS IN CASE OF MOIL AS THERE IS NO ISSUE IN 10 DAYS TIME THERE IS LIKEY TO HAVE MORE INTEREST FROM RETAIL INVESTORS ALSO BUT TO BE FRANK THIS SHARE IS PURELY FOR LISTING GAINS BANKING SHARE WILL RISE BUT NOT AS FAST THEY HAVE RISEN IN LAST 6 MONTHS INTEREST COST WILL GO UP, AND PROPERTY COST HAVE GONE UP THERE SHOULD BE INVESTORS TO TAKE LOAN AT HIGH INTEREST RATE, TEASOR RATE OF INTEREST HAVE BEEN REMOVED AND MORE RISE INTEREST IN FEB 11 TO MAY 11 TILL THE PROPERTY RATES CRASHES BANK SHARE ARE LIKELY TO RISE IN BETWEEN 4 TO 8% ONLY TILL 6 MONTHS I HAVE ALREADY INVESTED IN THIS IPO IN ALL FAMILY ACCOUNTS GOOD LUCK VIEWS EXPRESSED WITH NO BAD INTENSION
In general I read with lot of interest the message from Mr Sreedhar. He writes really technical details and that too with lot of confidence. Thanks Sreedhar