Pls note that price band is 405-450 so if u apply at cut off you have to give application of 450*210 per share. However you will have to pay amount of rs 430*210.......Your application will be of 450 cutoff amount.
Sir A Retail Invesor what are the Max.Shares can apply whether 210 or 225. There is a lot of confusion. Whether any preference will be given if full payment made on application. Regards
Please note that whether full payment or partial payment, the allotment will be considered depending upon the no. of shares applied. Considering the subscription of earlier ipos, this ipo will get subscribed from 4 to 6 times. Considering the full lot i.e. 225 shares and oversubscription of 4 to 6 times, the partial payment investor will get benefited. The partial payment be paid i.e. 115/share which amounts to 25K will be used for 50 shares payment and remaining will be returned to the investor.
Hence the partial payment is best option than full payment. The investor has to take risk and consider the option. Sure the risk will be benefit the investor.
those who are applying for retail quota can apply for 210 shares. ie.210*450=94500/-for full payment option. for part payment option you can apply with 115/- per share, ie.210*115=24150/- do not consider discount while calculating total investment.
I wish to sell as soon as listed. Among the two available options of payment, I am under impression that, fully paid shares can be sold immediately. Where as partly paid can not be sold, in case investor has to pay the part payment. By the time they will be able to make there shares tradable prices may go up or down. Regards. manu