S P Tulsian joins Twentyfirst Century Management Services Ltd Board
Twentyfirst Century Management Services Ltd has announced that the Board of Directors of the Company at its meeting held on January 02, 2008, has inducted Mr. S P Tulsian, an eminent investment advisor, on its Board, as Director with immediate effect.
Mr. S P Tulsian would be assisting the Company in developing retail brokerage, institutional brokerage, wealth management including portfolio management and investment advisory services.
The Company has also agreed to take a 33.33% (being one third) stake, initially, in an investment advisory portal www.premiuminvestments.in, with a link of www.sptulsion.com, owned and run by Mr. S P Tulsian as CEO and Editor. This stake would be raised upto 51% by the Company, in the next 18-24 months. The Company, on the basis of an independent valuation by a Chartered Accountancy firm, will make the investment.
The stock closed the day at Rs.113.75, up by Rs.5.40 or 4.98%. The stock hit an intraday high of Rs.113.75 and low of Rs.102.95.
The total traded quantity was 112707 compared to 2 week average of 150847.
As we all know , two IPO's are in the market. Well this is my distribution.. I have 1 Lakh with me. I am putting 20,700 ( 3 Application for Reliance 12(lots) x 15 ) on Partly Payment Option .. I will bid for 50 Shares of Futures .. In worst case if the issues are not subcribed properly. Its worth to hold 50 Shares of Future Capital And Pump addtional amount for reliance Amount.. But I am sure atleast this will be subscribed 2 times ..
Play the risk .. but calculated to shine like star ..
Online trading and Demat A/c:- I want to open a new demat & trading a/c. Pls suggest which one is best in terms of rates & service. Currently I'm using HDFC and I think their delivery brokerage charges of 50 paise is on the higher side. Hows your views on indiainfoline/5paisa.com? Reliance I think is good if your volumes are high. Right? I need a account such that I dont have to pay AMC every year. Pls advice. Thanks.
i want to apply for rpl ipo in partial payment option and want sell on the day of listing.can i sell or not please advice me for the same & is there any difference in allotment for full payment and partial payment waiting for reply
Hi all can you give me one single good reason why we should apply in this ipo? Why not buy NTPC from secondary market a much better power generation company with really strong balance sheet it is avilable at much cheaper price also a strong bonus issueing candidate in near future. I will really like to know your views.All I want is we should not go after names but only fundamentals.
1. There should be no discrimination by the registrar on the basis of Options selected. But keep in mind if you are a trader who wants to sell on the day of listing will not be able to sell the stoock in option B i.e. Part payment option.
2. If you want to apply in retail you should apply for 115x14x15=24150 Rs in part payment option. Amount payable at the time of Bid-Cum-Application form = 24150 Total Bid Amount payable @cutoff = 450x14x15=94500 in retail Hope this clarifies things The only question is if you broker site allows 5 % discount prior to or afterwards . If your broker site allows discount prior than you would be able to apply for 15 lots in Retail instead of 14 lots. Confirm with your broker site. Make sure you don't fall in NII as that would be heavily oversubscribed. Happy investing
Hi All , i am a new joinee .i hv two serious doubts
1)Will the basis of allotment differ for two modes of payment or the basis of allotment will be same
2)under part payment option , what is the maximum number of shares we can apply in the retail segment?is it 115 X 855(Number of shares in Multiple of 15) =98325 or some differentshares and amt? hope this is a good doubts .Experts please advise . thanks in advance
Dear Vijay its good to go by part payment but as i apply thru online trading portal like reliance money will this facility of part payment will be there or should i apply paper based?
to 656.prasad : your calculation is correct. If you want to apply thru part payment then the amount to be paid will be 115 * no of shares that you are applying. to 657. Saravana : If the total amount alloted to you is more than the initial amount then you will get a intimation from the registar and there will local collection centers and you have to drop the check to them.
I had earlier applied DLF thru part payment. The remaining amount I had paid at the local ICICI bank (details will be provided by the registrar)..
REMEMBER IF YOU APPLY THRU PART PAYMENT THEN U CANNOT SELL THE SHARES ON THE IPO LISTING DATE. GENERALLY IT TAKES CLOSE TO THREE TO FOUR WEEKS FROM THE DATE OF LISTING TO GET THE SHARES ALLOTED TO YOUR NAME
As far as Reliance Power is concerned, where is the need to float this company when Reliance Energy is there. If at all Reliance Energy wants all power projects should come in one SPV; why is Reliance Energy not having 100% stake in this SPV. WHY ANIL AMBANI OWNS 50% of Reliance Power and just 50% stake is given to RELIANCE ENERGY. ANIL AMBANI has very smartly increased his share in the growing power capacity of Reliance Energy to 75% (50% directly and 50% through his holding in Reliance Energy, which holds 50% of Reliance Power), by just paying US$ 125 mn. And now wants US$ 25-30 bn for Reliance Power.
Promoter contribution to Reliance Power is US$ 250 million for 100% stake. They want to offload 10% stake for US$ 2.5 bn (this would lead to biggest investment appreciation 100 times) in a span of 5 months of formation of Reliance Power). With promoters contribution a capacity of just about 1000 MW can be set-up. Imagine the situation - entire risk of projects is on minority share holders (after listing of Reliance Power IPO, the money that comes in would be used as equity contribution for upcoming projects); and ANIL would create personal wealth of US$ 17 - 20bn (Direct and indirect stake on Anil post listing would be ~ 67.5% in Reliance power). If promoters are really serious about their business, they should have atleast contributed full equity for first 8-10 GW, commissioned these projects and then come to markets. With the small promoter contribution of US$ 125 mn, if they want to set up 25-30 GW, it is quite clear that entire risk is being shifted to those who contribute larger sum (which is going to be minority share holders post listing; as I heard it that 10% stake would be offloaded at US$ 2.5 bn). Are you ready to put your money to face all the entire execution risk connected to projects and just to make ANIL richer.
where to pay the balance amount if we alloted more shares than 25% worth. Will the trading a/c ask us to pay the balance amount during allotment thro online? please advise
so with partpayment as option and applying at upper band for max no of lots applied amnt to be paid is Rs24150(115*210).am i right kindly reply with your suggestions.