Sub: Selling on listing date Please read the extract from prospectus
"If the amount paid is less then the total amount of shares allocated, the allocated shares will remain locked until investor pays the balance amount. This means investor may not sell the shares on listing day and get benefited from listing day gains" As all are aware the allotment date and listing date is different, there can be a gap of one week. No one will get the full lot applied for, the the balance will be adjusted on the sahres alloted and your shares will be considered as fully paid up shares. So you can sell the shares on listing date. Dear boarders please read carefully and use some logic insted of misleading poor small investors
Those who have applied for PART PAYMAENT will NOT BE ABLE TO SELLtheir share on the listing day even if u r alloted 1 lot , wait for 20 days. Please read the DRHP carefully.
Guess on the listing price. This purely depends on the overall market performance. Hope evceryone agree. Taking BSE sensex into account, I guess the listing price as follows:
The allotment will be equal both partial and full payment application.The reason behind these part payment option is to get more number of subscription since the issue is big one nothing than that.If there is no part payment option it's though for Anil to get 3 to 4 times over subscription itself.
And no need to worry that you can sell the shares on listing day even if you have applied for partial payment.If you get 15 shares the excess amount will be adjusted and remaining will be refunded.So nothing to worry here.
guys . investors with partial payment can sell on the listing as max they will get one lot and that worths less than what they have given to company. refund will be given and u can sell. if somone thinks i m wrong go to payment options on chittorgarh or reliance's site.
AS IT IS SUBSCRIBED 15 TIMES FIRM ALLOTMENT WILL BE THERE TO INVESTORS WHO APPLIED FOR MAX INVESTORS WHO OPT PARTIAL PAYMENT WILL SURELY GET ONE LOT AND NOT MORE THAN ONE. INVESTORS WITH FULL PAYMENT WILL SURELY GET ONE LOT AND SOME LUCKY WILL GET 2 LOTS.
This is other news that 60% people in retail category have applied for part payment option.I can speculate that these people will get definitely more share then who applied for full price bids