Yes u can. Application cant be withdrawn but money can be. If money is less in account then the shares cant be allotted and the application gets cancelled. Banks may levy some penalty but looking at present market conditions its worth it.
Once blocked, money cannot be withdrawn but application can be withdrawn. Application can be withdrawn by writing to bank where you applied upto bid closing date, thereafter by writing to registrar, but before finalisation of allottement. Once allotted nothing can be done. Money can be withdrawn only after withdrawal of bid by abovementioned methods and thereafter unblocking of lien by the bank
459.1. Eagleye| Link| Bookmark|
February 11, 2016 6:06:15 PM
IPO Guru (6600+ Posts, 21900+ Likes)
QuickHeal GMP 8-10
459.2. PSR| Link| Bookmark|
February 11, 2016 6:06:26 PM
IPO Guru (1200+ Posts, 700+ Likes)
There is no provision to withdraw the application.
Just before the closure of the issue many persons said that it was commanding GMP of Rs. 50. If that amount is added to the issue price, the probable listing price working out .at Rs. 371. Considering the market fall thereafter if 20% is reduced from that amount then probable listing could be at Rs. Rs.296 which ultimately works out to LOSS of Rs. 1,125 (45x25) per application which not a significant amount.
PSR u r slightly correct. Application cant be withdrawn but money can be. If money is less in account then the shares cant be allotted and the application gets cancelled. Banks may levy some penalty but looking at present market conditions its worth it.
i went and read the rule book by SEBI and rule says u can still withdraw application writing to register before attlotment is submitted to exchange however money... If SEBI has made change to rule i think they have not yet update the guideline and FAQ on cancelation of IPO application
Guys Ups and Downs are Part of this Market..........Dont start blaming the Govt.....instead of blaming focus on your work and be confident on your knowledge.......
My past 25 years stock markets experience I think it is long term bear market 2 to 4 years. and many good stock will be available up to 80% discount from current rate. becare full and protect your capital. I know many peoples who bear big losses, in past 25 years ,but hardly 1 or 2 persons makes small profits.
Day by day Indian stock markets are making new lows. At present we are looking only on PSU banks NPAs. Cleaning balance sheets from NPAs is a long term process of 2, 3 quarters. My experience says Indian Rupee is going weak day by day compared to US Dollar is the main reason behind this current market crash. Interest rates are going up in US and we are in need to decrease rate. Totally reverse direction from US. US is increasing rate, means it''s economy is doing better compared to other and US dollar is becoming strong day by day compared to others. Many Indian companies including banks took money from foreign institutions as a loan in US Dollar. Now companies need to pay dividend and principal amount in US Dollar. This makes Indian companies in really bad shape. All their profits goes into repayment of loans. Government should take immediate action to lower conversion rate of Rupee compared to Dollar. Government is enjoying low crude oil price and not taking any action. Low crude price saves government at present. My past experience from years 1991, 2011 says whenever Dollar is going high, RBI and Finance Ministry comes in immediate action i.e. purchase of Dollar, attractive schemes for foreign currency fixed deposits etc. Before two years when Dollar rate reached near to 68, FM and RBI took good actions and took rate near to 64. This helped financial sector including stock market well.
Please read my comments few months back. I have requested all retailers to stop subscribing Ipo. In that way u wd have given clear signals to merchant banker to price stock well else there will be no partcipation at all from retailers. Time has come dont subscribe any Ipo and any psu ofs
The sharemarket has become deadly market….best place to spend your life time savings just by click of mouse... and that too within record breaking time.
2008 was a black year, around 8 k points down. Now, this is no different. Went up to 30 k points and now almost 7 k points down. Still more downside…Why it suddenly went up before 2 years and why it came down now..what was it moving it up then and what is moving it down now?
People are coming to IPO for listing gains and now that hope is also gone. I know some friends doing it for listing gains to pay their bills, school fee, houserent etc,
The foreign people come here, make money, and go. The poor become paupers and the rich become richer. They are not satisfied with their maruti. They want to buy Bens cars with AC to cool off their bottoms, and still unsatisfied, they go for bendly with rattling liquor bottles and bed to sleep inside. For that they need money, we are paying them as end consumers unknowingly.
Hereafter wards, as a retailer, I would not participate in share market unless the following conditions are met.
1. Whenever there is loss, this should be borne by the Forein institutions. 2. The retailer should be guaranteed no loss even if share price come down. (all the loss to be borne by Instituions) 3. A new insurance policy has to come to safeguard the bought share price of the retailer. When there are insurance for strange things like an actress lips, or other parts, why not there be an insurance to protect an Indian’s Hard earned rupee? It could be a strange idea, that I m not aware of, but every thing has to start from an idea. 4. The dividends are paid as percentage of face value for retailer but when a company release an IPO, the premium goes to the company. Instead of this system, the retailer should be paid dividend on the basis of actual share price not FV. 5. Stock market go down when ever an institution or foreigners withdraw huge money or huge profits. At the end, the retail fellow are suffering. These guys should be asked to pay a nice percentage of profits to the retailers first. After that only, they should take home, their remaining profit. 6. No STCGT 15% should be converted as govt. incentive for retailers only. Instead, impose tax for the Biggies double time. 7. There should be broking houses opened for retailers with no broking fee, no AMC etc, no charges etc.
THa ha....i m just driving mosquitoes away using mosquito bat and fast card now.
Gather some more votes for me so that I can become "All in one" and enjoy seating in a Posh office - escape from my mosquito place. Besides, I will also make you my right hand :-) :-) :-) We will all team up with chitorgar members and make sensex 50 k (retail quota) with immediate effect. Tks anyways...Eagle eye!!
Point-7 is definitely good and should be there as affect a couple of percentages of overall turnover, and a much bigger in terms of just the profit (if you book ) or adds up similar amount to overall loss. Even DP charges are a big nuance accrue annually.
However the so called loss (for indexes down) are all notional and only becomes real when you square them off at that level. Why not invest some good portions of stock investments into dividend stocks and forget the daily watch??
Btw, is there a stock worth its salt, which you exited, stopped its growth for ever from the point in time when you exited? If not then will you purchase them again? At what price?
Then that''s the speculations!! As Gravitas said a couple of days back (and I believed his statements) that the market rewards very less for each successful speculations but punishes severely for every wrong calls. So the retail investor is on the mine-bomb game of money as he can''t be on the right side all the times. Every penny goes.
Time is the only edge a retail investors have!! (someone quoted it too somewhere I keep reading :-) all) Enjoy dividends in the meanwhile, if good dividend stocks in the portfolio.
Again whats the if dividends are meagre compared to stocks value hammered down huge like 30%.... Example u invest 1000 rupee dividend 10 rs....but stock value hammered to 700 Rs. Will you keep holding s @300 rs loss for the sake of 10 rs dividend? Also...what about points 1_6. Can you name 5 very high dividend yield stocks for my knowledge?
Again whats the usee e if dividends are meagre compared to stocks value hammered down huge like 30%.... Example u invest 1000 rupee dividend 10 rs....but stock value hammered to 700 Rs. Will you keep holding s @300 rs loss for the sake of 10 rs dividend? Also...what about points 1_6. Can you name 5 very high dividend yield stocks for my knowledge?
Dividends are always smaller than even the lowest bank FD for the price of stock otherwise either all money will flow into the stocks from FD accounts and the stock prices go up to make up to the same (the demand/supply rule prevails) and the % dividend returns are brought to the level.
However, if we invest for relatively a bigger period in which the company have grown and now paying a dividend amount bigger the %-age return for older investor would be higher (as he/she invested at older price) while the stock price would move upward (to the least) to make the new dividend amount %-age returns bring into the similar slab and it would still be the number smaller than bank FD rates.
If I invest my own spare money all the up and down (profit/loss) is really notional till we actually sell them off.
What happens when we invest in land and how many sell them off in the first 6 months (or even within 1st year)? Did we ever realize that the purchased piece of land immediately make up to a loss (by entry loads -i.e. the registration stamp duty %-age amount)? Its like an immediate down for the purchaser but he/she remains invested on an average (at least) much longer than average time in the stocks.
If we sell the same land immediately (at the market price) then this loss materializes prices. Otherwise what everyone knows that the land always go up and never makes up to a loss. If not down then even stable prices are a loss as someone takes a bank lone (or keeps his money into FD), the interest component of the period is the loss but who realizes it? However even there there are slumps(in real estate market).
Praveen prasad, I agree with you. But everyone is saying that stock price move up after long long periods. If it happens that way, I will happily do that. But what happens is that....when we think its going up and invest, it comes down so fast in Indian market. Axis was nearly 475 and went to 360 and now around 380 i think. VRL went to 450 and now 350. What is the of investing at axis @475, and letting it go down to 350 and watching it till becomes 380............see indigo what happened. i did not apply ipo, but it zoomed, but came down double fast.
as far as dividends, i agree with you. I m not debating with you, but Indian markets are so irritating...if the fall comes, it affects too much.
Even if real estate falls, you can it to build a hut, if not a bungalow but what to do with these share certificates if it fall too much...only can be used for hand wipe tissue paper after taking Veg puffs at English Bakery.
Tell me a way to participate in markets for profits even in these type of bad situations. I will be thankful. Be it long term, or any other strategy...tell me someway that will work.
:-) I remember broker advising during Oct/Nov 2015 for it and some even went ahead that its available at throw away price @476/- . I''m sure as we all do, you also read and take the clue even I purchased Axisbank at that price and another lot during deepawali and that time probably the average became around 485/- (something).
Let''s not now we both weep. Please average out, but slowly. Mine averaging at 430/- now. The best thing of the fall due to external factor is that it bounces up very quickly and your purchase price is lesser meaning two things: 1) You''ll come in green faster and from there grow faster (as more units in portfolio). 2) You will enjoy the dividends (ofcourse) but for the same amount of dividend released by the company, your %-age return of dividends would me more (as you averaged to lower purchase price).
I also herd brokers to exit fro Yesbank but I had purchased during the last fall (at 650/-)to average out to now 705/- overall , it quickly went up and I was in deep green. After the quartly results same brokering houses were telling to accumulate yesbank -pitty. I''ll keep it for ever as my PF/PPF/pension Fund investment -longer) so that today''s purchase price gets me a dividend outperforms the future years FD rates (may be after 10/15 yrs).
On trade (even square-off on 10% loss -someone adviced) Please do a dry for just one unit of share (@INR100/-) to see whether one gets profit (or loss) if profit then what %-age and when?
Please also do a dry run for when you have averaged out then how the parameters change. Please take in account the brokerages with prevailing rates (on turnover amount) and tax implications too.
Actually the mistake was in quantity. Axis 475 in bulk and in one go was the mistake. I should have done in 10 different price in instalments. that would have brought down the average as you said. I had a certain amount allocated for stock markets and invested full based on broker call. Instead, i should have done like SIP. I did not want to wait till I retire, i wanted to make short term profit.
But still, in bear market, you need to be very very careful. Remember ispat industrie went down from 80 to 20. Ashwani gujral said in his book that averaging should be done only when the market is coming up. Like upward pyramid, and not when going down, becait might go deepest.
Still your point is good when in long term and when in averaging! I will try that but will not do it now, becai feel there is still a big trench (low) expected.
Is there any way to be in touch wid you other than this forum..?
One can read my last 2 months posting..98% message are very accurate......i predicted in December that nifty can fall unexpectedly ....yesterday gave nifty can test 6880/6670....
I also predicted to my broker that what if nearly 700 plus points fall when we they called me to subscribe for last week''s OFS. Those brokers should give me a trophy. I should also be given a white coat job in Dalal street with fat package so that I can shout in TV channels.
448. CLD| Link| Bookmark|
February 11, 2016 3:04:08 PM
Top Contributor (500+ Posts, 100+ Likes)
I again put up my opinion below:
Since 99 % retailers don''''t have any knowledge of share market as such we should write to SEBI that bidding process for retailers should be limited to bidding for no. of shares at predetermined price as below:
1. In book building, the shares should be bid at Lower band price only. If the band is revised so should be the price for bidding for retailers. There should be at least 7 % difference between upper & lower band price. There should also be a minimum 7 % difference between final allotment price to retailers compared to all others. The figure should be rounded off to nearest whole no.
2. In OFS, it should be at the floor price bid only. Retailer should further get minimum 7 % discount to floor price. Figure rounded off to whole no.
3. In fixed price IPOs, there should be a discount of at least 7 % rounded off to whole number
If the Govt really wants to let larger participation of public in stock market, then they should listen to us. Public participation will stabilize the market & retailers will at least get some safety net
Send physical letters in your own way to FM, SEBI & RBI
448.2. Eagleye| Link| Bookmark|
February 11, 2016 4:15:52 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Yes CLD Sir,
I agree ... It is totally RBI''''s fault ... please write to them ... do something ... do anything ... they should not allow the Indian retail public to loose money like this becaof their stupidity ...
Let''''s all get together and call for a strike against RBI and Rajan ... bloody nincompoops !!
all blame has to go to FM and Givernor for indian market rout.
FM is not doing much to pass the GST bill. looks like they too are least interested and no words/ or statemnet from him today shows the negligence.
Second Raghuram Rajan has to reduce interest rate which is need of the hour but is reluctant and stubborn in his attitude.
US and japan are almost running under negative interest rates and they are very high capital stock markets. but indian market have ample space to reduce interest rates.
Rajan and FM are you sleeping as capital market in india has crashed.
shame on BJP Govt an Rajan. they haven''t done anything. Guys remmber there is no big global turmoil. india is having free fall stock market. put it in every social meadia you could . time for Arun Jaitley to resign now.
why are so many ipo coming without SEbi not making any checks or scrutinising them, also what is happenig with the ratings for each IPO, why coming up with 50 pe issue.
what is being done to ensure positive sentiment in market and why no reduction in interest rate even after stock market hammered today.
are investors fool to invest in market and see their investment going half the price. even though both Bjp and congress are corrupt
remember govt has earned a lot with reduced oil prices and actual price of petrol should not be more than 40 rs. still we are paying taxes. is GDP at 7.4 shown been the actual GDP. sadly people have lost money in both stock market and property under BJP govt.. atleast congress were better where in propety price did not correct as much so somewhere investor made money
Bjp only had the capital market advantage but that has been destoyed now as well
Biggest Culprit Being Raghuram Rajan and BJP Government
The state of the industries in the country being at rock bottom level, reason being the high interest rates. Govt doesnt reduce the fuel prices which inturn doesnt reduce the inflation, and the Governor doesnt reduce the interest rates...all this is cascading
800 points down in one day. Nobody is able to stop it also. People said it will go down up to 22 k. But I doubt it can even touch 20, 18, or 16 k gradually. No point in covering up for the losses. It is better to square off all scrips. I will think of averaging not on the downside, but only when market comes up. I don t have faith now in IPOS also in current situation. Yesterday, some were saying today, market will rebound. What makes them guarantee this.
I don''t think for individual retailers, this is a wealth creator. This is wealth destroyer, gambling, These days, I can''t go to forest like in Mahabarat becai dont have special powers or at least survival powers like pandu brothers had. No brahmastra nothing.
I wonder who the hidden Saguni here that made so much points down in sensex?
Just like "Go with the Wind" only retailers suffer. Looks like Market is not for us, its for foreigners and big shots. If they want money, they will our own market, and make loss for us, How can we develop if it goes on like this? Its a dream that never came true......