Reliance Nippon Life Asset Management Ltd IPO Message Board (Page 49)

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Complete IN30302865936104

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There are bid detials on NSE showing bids @ 115. In OFS how it the allotment price decided. Every bidder has different allotment price as per the bid or allotment price is fixed like that of IPO? What if I apply at cut-off?

Pawan Surat

Maximum bid has come at cut off price i.e 94.60. Don''t apply more than that. You will get 3.5% discount on allotment EOD.

Retail portion has been subscribed 1.1x by 2.00pm. So accordingly place the bid.

Applying between 94-95 causes purchase price to be around 91.18-92.15 with 3% discount. Since last 1 month NLC is in bullish momentum. Strong support around 94 levels. Bullish hammer and Spring formation on weekly charts - week of 25-Sep-2017. Last week was an inside bar formation and it has broken above it. On Daily charts 12-Oct-2017 was an inside bar and which was respected by yesterday''s low. Technicals can fail and I could be wrong but it worth taking a risk. Strict SL of 92.4. There is a strong resistance till 104.
Disclaimer - I am not an adviser and views are personal.

is the allotment will on pro rata basis if subcribed more than 1 time ?

why in the range of 94 95 why not at cutoff, any reason??

Missed the chance, since tried after 230. I thought like IPO, OFS will have 3 days...since this is first time I am trying an OFS

Anyway, no probs. Let me look at other opportunities............Smart and good guys like Gamble are there in the forum. They will guide us.

Applied for RN just one lot and I will sell the very first day on listing. (IF I GET ALLOTTED).

From opinion of Urchit and RKs and such seniors, I m also having dilemma about RDAG group..so just one lot....not taking risk....and not missing out +, if any in this scrip!!

what you posted at 11:57 am today, exactly the same happened after 2:30 pm. You were absolutely right. How did you get to know this?

What a guess! Uchitji, You hit Bulls Eye.

I applied for this NLC OFS....Please reply for the below points.

1) I see the subscription is 2.9 times the Total issue. And I see there are many bids placed below 94.6. Will all those bids get rejected?

2) Can we expect these shares to be allocated by EOD and trading from tomorrow like in NTPC?

3) Please suggest the strategy to sell the OFS allocated shares on day1.

Thanks

Uchit ! Hats off man. What inside information... just what you predicted (or knew ;)) ... I am amazed.... Pl continue to share such info... regards...

You are truly Uchit !!!!

Thanks for the quick response.

Clearing Price of Rs 95.80 has been fixed for the Retail Category in NLC India Ltd against 94.60 for the Non Retail Category. It looks very strange for me.

Does this mean the shares are allocated for 92.45 ( = 95.8 - 3.35)?

I have applied heavily from all my family member accounts thinking that I will sell on day 1. I was expecting the allocation price to be not more than 91.5 and assumed the down side risk is less. But now I feel I am trapped...I must sell on Day1 at what ever the price. What is the maximum downside price that you see on Day 1? Please share ur opinion.

Thanks again for sharing ur valuable thoughts.

At what price you bid for?

I have applied for OFS at price Rs.99.
If price has decided as Rs. 96 then shall o get discount 3.5% on Rs. 99 or Rs. 96?
Please reply.
Thanks in advance

You will get at 99/- minus 3.35.

This OFS is multiple price bid format. They will consider bids from the highest price to see at what price the cumulative quantity matches the quantity reserved for retail. Here it is 95.8. Any bid above 95.8 will be allotted at the individual bid price - 3.5%. People applied at cut off won''t get any allotment.

How to participate in OFS with a Discount Broker account?

It is practically meaning less to apply at Cut off in OFS (unlike in IPO). If Bids come in higher no allotment is done at Cut Off

Urchit bhai hu tumaro chelo banwanu ready chu. I applied for 2127shares @94. What will happen now.

No allotment at cutoff. Full allotment at 95.85 and more. Partial allotment at 95.80.

Brother, you are also giving only negative news for this issue. Is there any reason?????

in jaipur its 75 -76

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