Offer open 29th or 1st july? Eagleye ji on ur post it is 1-07-16 to 7-07-16
84.1. Eagleye| Link| Bookmark|
June 27, 2016 8:39:15 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Quess: Opening 29th June & Closing 01st july
84.2. Eagleye| Link| Bookmark|
June 27, 2016 8:41:32 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Refer my earlier posting ...
Eagleye Jun 23, 2016 12:15:43 AM IST Quess Corp Ltd IPO
QUESS CORP LIMITED (Refer Page No 457 of RHP dated 20th June 2016)
28/Jun/16 – Participation by Anchor Investors 29/Jun/16 – Bid/Offer Opening Date 01/July/16 – Bid/Offer Closing Date 07/July/16 – Finalisation of Basis of Allotment 08/July/16 – Unblocking of Funds from ASBA Account 11/July/16 – Credit of Equity Shares to Demat Account 12/July/16 – Commencement of Trading on NSE/BSE
This week''s IPOs:- • Quess Corp :- The integrated service provider company is coming up with Rs400 crore issue which will open on June 29 and close on July 1. In the issue with offer price of Rs310 to Rs317, the applicant will have to deposit Rs14265 for 45 shares. Listing will be on BSE and NSE. Thomas Cook promoted company has acquired 9 companies till now. More details are given in separate box. Subscription :- It may get 20-25 times subscription in retail, 50 times in QIB and 100 times in HNI segments. Discovery Price :- IT could be at upper price band of Rs317. Allotment/Refund :- Allotment could be on July 7 and fund will be unlocked on July 8. In retail segment one out of 14/15 applicants may get 45 shares through lottery system.
GREY MARKET MOVEMENT Premiums highly volatile in Mahanagar Gas and Quess Corp Premiums come down to buyers 110 in Mahanagar Gas Application rates come down from 1400 to 800 in Sakar Bazaar: Deals stopped with 6 times subscription in retail Quess Corp premiums at buyers 170
Mahanagar Gas :- The premiums starte at Rs95/1000 but reached 140 and application rates started at Rs100 and reached 1400 level. This week, the premiums came down to 90/95 and application rates came down to 800/850. Brexit brought premiums to 80 and application rates to 800 level. Record subscription resulted in higher premiums of buyers 110/112, while deals blocked in Sakar Bazaar. Quess Corp :- The buyers are in the market at premiums of 1700. Only 10% shares will be allotted in retail so hardly any deal taking place for application form. But in Sakar Bazaar ''Subject to'' forms are being bought at price of Rs4000. It may witness fancy.
Credit in Account :- Share may be credited in account on July 11. Listing :- Listing may take place on July 12 around Rs470-500 and may cross Rs525-550 level in short term. * SME IPO:- • Zeal Agro :- Gujarat based company is coming up with Rs14.75 crore issue offering 11.35 lakh shares at price of Rs130. More details are given in separate box. • KKV Agro Powers Ltd :- The company will raise Rs3.56 crore through offering 1.12 lakh equity shares at price of Rs320. More details are given in separate box. * PSU Disinvestment :- • Oil India :- The government has appointed seven merchant bankers for raising Rs2000 crore by offering 10% (6.01 crore shares) stake. The current stock prices are around Rs350 Coal India :- The company will buy back 10% stake from the government at cost of Rs6000 crore. The company has Rs38000 crore fund on hand. • Hudco :- The government has granted nod for 10% stake sale to raise Rs565 billion. * Upcoming Mainline Issues:- • L&T Infotech :- It may come up with issue on July 11 to raise Rs1500 crore. It has cut the size by 20% after advice by investment bankers. • Advanced Enzyme :- It will come up with issue offering Rs60 crore fresh equity and 44,73,470 crore shares through OFS in third week of July. • RBL :- It may come up with Rs200 crore issue in end of July. • Dilip Buildcone :- The company may come up with issue offering Rs430 crore fresh equity and 1136 millions shares through OFS by end of july. • VarunBeverages :- It has filed DRHP for Rs1000 crore issue. • PNB Housing :- It has appointed three merchant bankers for Rs2015 crore IPO. • Metropolis Health Care :- It plans Rs1000 crore IPO. • Sohanlal Commodities Management :- It plans Rs500 crore issue.
very surprised you answer only money will release 8 but not reply that one can used this money for l& t or not because date comfirmation is still pending one say it is 4 and some one is not
Sorry eagleye madam i cannot see yours comment at 78 but tell me what is the chance to use money of quess as you earlier coments that L& t date postponed to kid july
80.2. Eagleye| Link| Bookmark|
June 26, 2016 11:39:49 AM
IPO Guru (6600+ Posts, 21900+ Likes)
The answer to your question is ... 8th July
Eagleye Jun 26, 2016 8:57:18 AM IST Mahanagar Gas Limited IPO
Why do people ask the same questions again and again ... ???
Please refer my earlier posting(s) for your ready reference ...
Eagleye Jun 14, 2016 9:19:43 AM IST
MAHANAGAR GAS LIMITED (Refer Page No 293 of RHP dated 10th June 2016)
20/Jun/16 – Participation by Anchor Investors 21/Jun/16 – Bid/Offer Opening Date 23/Jun/16 – Bid/Offer Closing Date 28/Jun/16 – Finalisation of Basis of Allotment 29/Jun/16 – Unblocking of Funds from ASBA Account 30/Jun/16 – Credit of Equity Shares to Demat Account 01/July/16 – Commencement of Trading on NSE/BSE
Eagleye Jun 23, 2016 12:15:43 AM IST
QUESS CORP LIMITED (Refer Page No 457 of RHP dated 20th June 2016)
28/Jun/16 – Participation by Anchor Investors 29/Jun/16 – Bid/Offer Opening Date 01/July/16 – Bid/Offer Closing Date 07/July/16 – Finalisation of Basis of Allotment 08/July/16 – Unblocking of Funds from ASBA Account 11/July/16 – Credit of Equity Shares to Demat Account 12/July/16 – Commencement of Trading on NSE/BSE
please tell me l & t infro date is confirmed or not quess money is available for this ipo or not
79.1. Eagleye| Link| Bookmark|
June 26, 2016 12:30:11 PM
IPO Guru (6600+ Posts, 21900+ Likes)
No official announcements made as yet for L&T Infotech IPO
79.2. Eagleye| Link| Bookmark|
June 26, 2016 12:31:54 PM
IPO Guru (6600+ Posts, 21900+ Likes)
But hopefully before the Quess IPO closing date we should have the schedule of L&T Infotech IPO ... So you will have enough time to decide whether you want to apply in Quess or conserve the money for L&T Infotech
@septa, @eagleeye kindly suggest if one can go for applying in this IPO via IPO funding route in NII catagory (considering the odds are in favour of very low allotment)
L&T Infotech gets Sebi clearance for Rs 2,000-crore IPO
74.1. Eagleye| Link| Bookmark|
June 25, 2016 10:39:05 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Rip Van Winkle Sir,
SEBI gave their clearance to Larsen & Toubro Infotech ... on 20th May 2016 (which is 74 days ago) ...
73. Eagleye| Link| Bookmark|
June 25, 2016 10:32:30 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Quess Corp IPO
I would rather sell all my applications @kostak bhaav ... it does not make sense to me ... to test my luck ... when the odds of allotment are obviously so low ...
With due respect to other boarders , one thing is certain, no one even so called experts is willing to purchase quess corp , off the market at 500 per share (offerprice +current GMP as given in this forum) being with such high PE multiple than why we are so enthusiastic for this Quess corp. We had just last seen at the time of Team lease and Thyrocare. They lists at premium and corrected sharply.
Advised to all members , even if they apply , will sale the allotted share on listing otherwise they will regret for opportunity loss incurred.
Absolutely right sir...... Snowman subscribed almost 75times & it came below issue price whigh is above 50PE.....
70. Eagleye| Link| Bookmark|
June 25, 2016 6:35:49 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Quess GMP 183 - 187
69. Eagleye| Link| Bookmark|
June 25, 2016 6:32:13 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Chem cho Jun 25, 2016 5:30:42 PM IST kingsuper Jun 25, 2016 4:14:34 PM IST Warren Jun 25, 2016 2:17:10 PM IST
I completely agree with each one of you ...
In Quess Corp IPO The RII category will have only 12,61,830 shares and with a lot size of 45 shares … this translates to only 28,041 applications getting an allotment of 1 lot each.
Keeping in mind that Mahanagar Gas IPO attracted 9,93,000 applications ... Even if we consider 25% lesser number of applications in Quess ... it will still be 7,50,000 applications ... which translates to an allotment ratio of 1 : 26.75 or in other words ... 03.74% chance of an allotment.
Hence, in conclusion, even though the issue is very good and it may list around 65%-75% premium to issue price (as per market reports) ... for the RII participants It is purely a game of “SUPER LOTTERY†!!!
Dear eagleye, if possible could u plz go through balance sheet,business structure,ratio of this company-- Himatsingka sied as im holding huge quntity of it since last 7-8mnths and its near price of support level 220-225 Is there anyy factors which is nt allow to go up than inform me..?? And i dnt want to repeat same mistake tht i did in shilpi cable sold @60 :(
69.2. Eagleye| Link| Bookmark|
June 25, 2016 7:45:24 PM
IPO Guru (6600+ Posts, 21900+ Likes)
You had recommended it in your earlier posting ... Jun 21, 2016 10:37:39 PM IST ... under the name "VV investment"
yes, Eagleye i recommended, so now whts ur view is it exit or wait for this quarter numbers? only one thing i found tht could be the reason for not moving tht is revenue which is nott even flat but decrease..and if u had go through than u find anything -ve ???
Dear Eagleeye You are doing a great job ! DHRP shows retail reservation in quess at 35%. Please recheck and confirm. In that case all your subscription figures will change accordingly
This IPO maybe considered for listing gains as it has first mover advantage in the segment. However, caution for high P/E of 45 and it is expensively priced.
So what? Should one not even apply because the subscription would be high? Should one stop thinking about listing gains? Allotment may be high but apply everyone. It maybe a super lottery but so what?
67.3. Chem cho| Link| Bookmark|
June 26, 2016 5:03:53 AM
IPO Guru (2500+ Posts, 2700+ Likes)
One must apply but not dream of listing gains , as chance of getting allotment is very rare , do not get angry , to increase your BP