Ramky Infrastructure Ltd IPO Message Board (Page 25)

when are they goinf to fix the price

280. ABCLIKS

if you have used multiple bids then 1st preference will be counted. don't worry. you'll get 140 shares, price will be most prolly 405. In multiple bids buds are void if 1st is cleared, if 1st is void, 2nd will be counted and if 1st 2 are not valid 3rd will be looked upon. If all 3 fails, you get nothing but refund.

Hello Guys,
I applied for Ramky Infra IPO in two bids
1) 140 shares @ Rs. 405
2) 126 shares @ Rs. 468
Please let me know how many shares will be alloted to me, as the retail subscription is just 0.99 times.
And what will be cut off price?
Can it be more than the lower band i.e. 405?

Thanks Ano :)

I have visited INDIA 4 times in last one year ;) Can I have an exception :)

~R

Ramus, anybody who is more than 6 months in a financial year outside of India - is termed as NRI.

SJ Bhai,
I have decided NOT to withdraw.
Reason : As the subscription data is not very high, there is some hope that issue price might be around 425-450.

I am not NRI, though I am deputed to Japan for past 4.5 yrs :)

How did you get EIL for 270 when the issue price is fixed at 290..

@ rg,

welcome bro.

If Ramky lists anywhere above 450, sell 36 out of 42 applied and have profits by holding 6 shares at no value. if it touch 500 sell 34 and save 8. Use them as future holding like you said, 3 years.

I applied EIL at 270 and after discount I got at 256. 80 numbers. I sold 65 at 300 and rest 15 last week at 350. The pattern of applying was same as ramky, less subs, high qib, but it had discount of 5%.

273. aRYANrAJ

Thanks for classifications :)
I would be holding it for more than 3 yrs.
I hope it gives better returns than avg. Mutual fund returns.

I am a newbie and this forum has helped me a lot in figuring out various facets of IPOs.
Cheers to SJ,GEM,Shreedhar and all those who are true to their knowledge sharing and also Chittorgarh team.

272. Rg

The discovered price must be 405 as most bids came at 405 only in retail and its not even fully subs in cut-off. so 425 price goes out of the window. So you get both. And congrats on good application. Remember, if we compare it with career point, it got 22 times subscription. The issue was big and steaply priced, even anchors got trapped at 425 but king of the market is you and me, retailers.

Hi,
I have applied for 1 Lot @ cutoff and 2 Lots @ 405.
Can anybody tell me what allotment I can expect based on current subscription level.

Thanks in advance.
RG

Hi,

I have applied for 2 lots @ 425, Since retail catagory is subscribed .99 times it means I will get both the lots, question is at what price ?? will be @ 425 or at cut off price if it happens to be on a lower band of 405?

Thanks

Ramky has good order book, even though why the subscription had come down drastically? I had applied for 112 nos. later I too withdrawn.

Hello 268.

Where have you come from??
It is very obvious that your legal acumen is zilch with a capital Z.

Please read the relevant section 138 of the Negotiable Act carefully.

I am sure you neither have it with you nor read it nor understood it.
For your information the relevant section is reproduced here:

Section 138. Dishonour of cheque for insufficiency, etc., of funds in the accounts

Where any cheque drawn by a person on an account maintained by him with a banker for payment of any amount of money to another person from out of that account for the discharge, in whole or in part, of any debt or other liability, is returned by the bank unpaid, either because of the amount of money standing to the credit of that account is insufficient to honour the cheque or that it exceeds the amount arranged to be paid from that account by an agreement made with that bank, such person shall be deemed to have committed an offence and shall without prejudice to any other provisions of this Act, be punished with imprisonment for a term which may extend to two years, or with fine which may extend to twice the amount of the cheque, or with both:

Now that you have the section, please note the most important part.

It clearly states "for the discharge, in whole or in part, of any debt or other liability,"


Explanation: For the purpose of this section, "debt or other liability" means a legally enforceable debt or other liability].

Hence it is very clear that the section does not apply in the case where an applicant "STOPS PAYMENT" of a cheque issued for an IPO.
He is making a voluntary application and he withdraws it before the cheque is presented.There is neither a debt nor a liability.

Hence your assumption falls flat.

So also when someone has issued a cheque towards a donation or a gift and the cheque is returned unpaid, the section 138 will not apply.Simply because there was no "debt or other liability".In this case of IPO also it is a purely voluntary act and not in discharge of a "debt or other liability"

So folks, don't get scared by this ignorant blogger trying to impress people with his half baked information on dishonour of cheque liability.

Go ahead and stop payment of your IPO cheques if you so feel.

Nobody can touch you.It is perfectly legal to do so.
You are within your rights to do so.

268 Please do your home work well before coming to Chittorgarh.

Hi ipowatcher@266, thanks for the compliment.
It's me 256/264 again.

It is illegal to issue a cheque to the company and
than go for stop payment under the negotiable instrument
act 1881.One can face three years regerious impressionment
and the double the amount issue in the cheque under the act.
Investors do not apply and than go for stop payment it may throw you in trouble.Please apply by utmost care.Registrar can issue fir against the person who go for stop payment but it is his goodwill that he do not do so.

OK IPO WATCHER

BUT SOME FUN IS OK NA....

THODA FEVER HAI ISILYE WOH AVATAAR SLOW HO GAYA HAI....

THODA TIME LAG RAHA HAI

AUR ITNE SAARE HAIN TIME TO LAGEGA HI

BUT FEVER IS NO EXCUSE KAAM TO KARNA HOGA

THANKS FOR ADVANCE


But please thodaa mazzaakk kar lu na...if you so permit...Sir..!!

LOLLLLLLLLLLL..........1.11111

Regards


P.S. Its not always good to just do analysis and take tension. You should relax also. Having fun is good and there should be work life balance. Although my MOM still scolds me even after so many years and complains i do not take rest. She also told me to take vacation . But i will now take vacation only after getting married which is not going to hapen any time soon. LOLLL....!!!.... I am happpy in making money i want to be established in life so that i do not worry about survival in future for lifetime and enjoy my life and work and future wife...LOLLLLLLL...!!

To 256 & 264 anonymous

Great post. good command on language. Such posts are rare to come by, esp here where all are screaming for GMP, etc looing for short term gains.

Why dont you dispaly your name, I mean a blog name and join this forum for a long drive.

SJ- it is good that you have taken the feed back positively . what anaonymous has told is absolutely right. We would like to see your Analyst Avathara more often than others.

REGARDS!

THANK YOU 262 ANONYMOUS

DEAR BOARDERS

Thank you for waiting

My final call is

I WITHDREW FOR MY CLIENTS COZ IT IS HIGH RISK HIGH GAIN

PERSONALLY I AM GOING FOR IT WITH 3 LOTS as i think it can give very good gains or no gains. I can take risk.

COZ ILL GET FULL APPLICATION AS RETAIL IS 0.99 TIMES

SO PEOPLE WHO CAN TAKE RISK LIKE ME

OR EVEN 1 LOT RISK CAN APPLY

1 LOT MEIN KYA HAI STOP LOSS LAGA LENA YAAR

GREY PREMIUM KA KUCH TO LISTING GAIN SAFE MIL RAH HA HAI

I know gmp is no way to analyse

but this has become trend now in bull market

its performance is good

so as far compnay is concered it is good

it has order book confirmed till next 3 years

that alone is a plus that its revenues only rise

baaki market correction toh chalta rehta hai



ELSE AVOID

AVOID IF YOU CANT TAKE RISK LIKE ME AND WITHDRAW



SO RISK AVERSE SAFE PEOPLE WHO DONT HAVE TOO MUCH MONEY TO TAKE RISK PLEASE AVOID


HENCE I ALSO WITHDREW FOR MY CLIENTS


BUT I WILL GO FOR FULL 3 LOTS

AND WILLING TO HOLD IF IT DOES NOT GIVE 20% PLUS LISTING GAIN for 1 months also.

REGARDS

SETU
_____________________________________________________________________

Disclaimer: I will withdraw client applications as i cant take risk with their money. I have personally although applied 3 lots. I can take that much risk and willing to hold 1 month if it does not give 20% plus listing gain.

Investors are advised to take caution and do their own due diligence. Plz dont go by my track record coz i may go wrong also. I am not be blamed coz these are my personal views and opinion and anyone investing in RAMKY based on my advice can also suffer losses like me on listing day and miss other oppurtunities.

Hi Sj.

This is 256 again.

I know that you also have a streak of humour as you sometimes pull some one's legs for fun.
I am glad you have taken my comments positively.

I do understand that whoever is in front of a terminal is under tremendous pressure.But you need to control emotions to avoid burnout/health complications.We need you for a long time,na.There is a selfish motive in keeping Sj healthy,wealthy and strong!!

Please stop looking at subscription figures and get back to identifying future multi baggers.

Thanks for all the inputs on Electrosteel too.
You are very right when you say, who is issuing shares at almost par value these days.Apply in large numbers and get decent allotment with a full knowledge that it is for long term, A 'invest and forget' type.If you see say something like 20% listing gain, you can flip too.

I am sure all your sub-brokerage clients are keeping your photo at home/desk for having helped them make tonnes of money.

Is there anyway you can post your photo on Chittorgarh?facebook,linkedin??

Keep blogging mate.

We like you.You have a big fan following.

RAMKY PROMOTER & ENAM HAS MADE THE PUBLIC FOOL! PUBLIC RUSHED INTO THE IPO OF CAREER & EROS, WHILE NO ONE WANTS TO INVEST MINIMUM AMOUNT 6552 OR 14 SHARES IN THE RAMKY IPO! STRANGE! EACH APPLICANT IN THE RAMKY IPO WILL GET FULL ALLOTMENT AND WILL DEFINITELY MAKE HANDSOME MONEY! BELIEVE ME I WILL DEFINITELY MEET ON THE LISTING DAY ON THIS BOARD!

REGARDS,


HAPPY INVESTOR.