821. P M| Link| Bookmark|
October 31, 2017 9:32:12 PM
(1100+ Posts, 1100+ Likes)
RHP - Page 396
Finalisation of Basis of Allotment On or about -------------------------- November 1, 2017 Initiation of refunds / unblocking of funds from On or about --------- November 3, 2017 Credit of the Equity Shares On or about -------------------------------- November 3, 2017 Commencement of trading of the Equity Shares On or about ------ November 6, 2017
If you are applying through PNB - ASBA, the amount is blocked immediately on submission of application. You can check it under status of application immediately after its submission.
What could be the listing price of Reliance Nippon? I feel that the listing of GIC may have affected the premium of Reliance Nippon but listing may be much better than the current premium. What''s your take?
Listing on good premium will be good for all but lets not hope to see more than 20%. Big investors have become big because they have bought stocks at the right price. Reliance Nippon is an expensive issue (like all other issues in this market), 20% bump on IPO price will value it at approx 5.5x of AUM, which is quite high. Beyond that don''t think any big investor will venture out to buy as of now. In fact, due to HNI exposure wind down, stock may open at 310 odd and fall towards 280. Hope market holds out till listing date.
Marquee investors including Rakesh Jhunjhunwala, Akash Bhansali and Nimesh Shah have put in bids for the recently closed Reliance Nippon Life Asset Management (RNAM) IPO .
The combined bids from the three investors are believed to be around Rs 550 crore.
Really very postive news....they will get only 5 to 10 crore worth off shares ...may be remaining amount come on listing day like indigo....so do not sell at grey market...I also read this article in economic times....
813.2. Nicks Jain| Link| Bookmark|
October 31, 2017 11:14:03 AM
IPO Mentor (700+ Posts, 900+ Likes)
As Solid Response from Anchor Investors, Each one of them gets low qty. Good Buying should come on listing day Lets hope for best