When retail quota is over subscribed more than 100% in terms of applications then the allotment is via lottery. The chances or probability of a person getting allotment is same irrespective of number of lots applied. So if you think that application wise the issue will get oversubscribed then it is wise enough to restrict application to a single lot
We should submit separate applications for more than 1 lots of any IPO. Chances of allotment are more in separate applications for each lot or same in single application for more than 1 lots.
Extract from rhp Remaining timetable * Finalisation of basis of allotment with the Designated Stock Exchange On or about August 26,2016 Initiation of Refunds On or about August 29,2016 Credit of Equity Shares to demat accounts of Allotees On or about August 30,2016 Commencement of trading of Equity Shares on the Stock Exchanges On or about August 31,2016 * Don''t expect allotement today and don''t get bothered by 5-10 rupee movement in gmp, unless you are trading in grey. Listing price & gmp are not follower of hnis cost, but it''s viceversa.
plz any one tell me? i applyied for 4 rbl applications but 3 applications ka hi paisa block hua hai .... so wht i do now? applications status kaha pata kar sakta hu ki konsi applications reject huyi hai ya koi or karan hai
RBL IPO Final Date of Bidding, Allotment and Listing Schedule:
18/Aug/16 – Participation by Anchor Investors 19/Aug/16 – Bid/Offer Opening Date 23/Aug/16 – Bid/Offer Closing Date 26/Aug/16 – Finalisation of Basis of Allotment 29/Aug/16 – Unblocking of Funds from ASBA Account 30/Aug/16 – Credit of Equity Shares to Demat Account 31/Aug/16 – Commencement of Trading on NSE/BSE Current Grey Market Premium (GMP) of RBL Bank IPO is between Rs 45- Rs 50 Per Equity Share.
607. SkDash| Link| Bookmark|
August 26, 2016 9:09:34 AM
Top Contributor (1000+ Posts, 200+ Likes)
Dont follow blindly with so called experts. Nobody is expert in stock market. All are rats and always try to enter and exit with the flow. Learn by your experience. Apply in IPO if last mid-day subscription is good. Sell on the listing day at the time you can decide as per trend. Forget the script once sold. Wait for the next IPO. Generally IPOs came once the market is in +ve mode. Fundamental analysis, PE ration do not work in IPO. be your own advisor..
Your observation is correct. but please let others,who wants to follow the experts. what is your problem ? many of them benefited, because of the experts.
607.5. CHD| Link| Bookmark|
August 26, 2016 9:55:45 AM
(1100+ Posts, 500+ Likes)
Absolutely right .... you are ...!
607.6. parmod gupta| Link| Bookmark|
August 26, 2016 11:01:11 AM
Top Contributor (400+ Posts, 300+ Likes)
SKDash u r fully correct and I agree with u Some experts r very best but some experts r thinking that chittorgarh site is running only and only behind them but they r wrong.
What SK Dass is told nearly correct. 1).You can very well apply based on the demand around noon of the last day. 2).Forget about price after you sold.3). IPOs generally comes in good market. all these are truths and as I saw some of the Borders are praising for advice . I feel this is overdone.In my view Nobody is expert in this market over dependency. I saw one of the expert told MGL stop loss to be kept as 497 after touch same price it has moved upward by Rs 100/-. So dont expect anybody will give correct advise in the market including god/godess.
Friends I have left voluntarily and moved to another suitable site. N its the nonsence talk of few which has led me to believe that it was time for me to go too alongwith Septa n Eagleye. Wish u all the best in future IPOs.
Hello sir this is very sad to see Senior mentors and guiding lights of this forum like yourself, eagle eye, septa ji leaving this place. But you are rightly peeved at the nonsense crap on this site. I would love to be in touch with you guys on whatever forum or group you are on. Pls w h@t s@PP me about the forum/group at my number 9 71 825 4330