RITES Limited IPO Message Board (Page 23)

Why QIB DII are not subscribing this issue till now

latest subscription figures . Anyone (:)

Discount is applied only in retail category

I have a query.My ASBA bank obc told me that since my application is already bid by Motilal they will take it on 25th b'coz' they are now taking non bid application. But issue is closing on 22nd.So is it okay if they take the form on 25th or my application will get rejected?

@10:25

QIB 0.32
NII 0.59
RII 6. 57
Employee 0.58

employees subscription still not satisfactory
lets wait how QIB and HNI play

HNI comes after 2 pm

Qualified Institutional Buyers (QIBs)      0.32X
Non Institutional Investors(NII)      0.72X
Retail Individual Investors (RIIs)      7.3X
Employee Reserved      0.72X
Total      2.7X

How to track subscription online status of RITES today or in future.

https://nseindia.com/products/content/equities/ipos/ipo_current_rites.htm

Total 2.45x

I would like to know if we have to bid for this IPO only between 10am to 5pm when its open for bids? Or bidding at any time is ok , say 8pm in the evening?

You can bid round the clock. But today is the last day. So different banks will have different cut of times for bidding. For ICICIDIRECT, it is 2 PM

For ICICI Direct it is 3 PM and for SBI 2 PM

Demand will be just like for any other Govt IPO. There will be more interest from Retail. Lukewarm response from FII

No discussion on fundamental of the company.

GMP of Rites is 34-36
GMP of Fine Organic is 20-22
GMP of VEL is 55-60

Thanks Harith tell me Varroc apply or no

Dear Harit,
Varroc will be the best out of three issues. Allotment also very liberal. Rites will not give good return because of heavy subscription in retail category. Lets wait till tommorrow evening how qib responds this issue.

i agree

QIB and HNI portion will get subscribed multiple times by 12 to 2. They are simply waiting and waiting by the shore to show the issue is a failure and reduce the Public Indivi appplications.. just watch their figure by close ...

If you want to subscribe 1ipo
Then go for RITES
If extra fund available
Then think of varroc also

@Rajkumar no u can't..varroc closes on 28th while rites funds will be unblocked on 29th..

You can
By submitting application offline to your broker last day after 2 pm

What is the possibility of listing gains?

@. Pallaviii. @. What is the possibility of listing gains?

^^^^. Certainly more than finding a needle in a haystack...I mean more than it was with HAL, NIA etc..

The key is you be a true opportunistic, ordinary Retal or HNI investor and get out immediately upon listing, ...unlike that special, secret, spiritually elevated 'Mungeri Lal' category of inWasters who would hold all PSU gems till their last patriotic breath....

Listing gains are certain unless some major event triggers a massive market sell off

I applied for RITES via SBI. Thinking of discount, i applied for 1120 shares which costs > 2L. Am not sure if will be considered fro HNI or Retail. Now tried changing it to 1040 shares, SBI doesn't allow to either modify or delete the subscription if its > 2L. Can someone help?

It will be considered as HNI application

RITES Limited IPO
Latest Subscription Figures as on First Day (Day 1) @ 05:00 PM.
QIB (NSE+BSE) = 0.00X + 0.02X = 0.02X
HNI (NSE+BSE) = 0.02X + 0.16X = 0.18X
RII (NSE+BSE) = 0.51X + 1.14X = 1.65X
Emp (NSE+BSE) = 0.18X + 0.05X = 0.23X
Total (NSE+BSE) = 0.18X + 0.41X = 0.59X

VINOD Sir, I need suggestion from you. My transaction above 3 crore (short & speculation) for the year 2017-18. My CA told that you have to submit audit because your transaction limit is above 1 crore. Is this true?

Mr GHODH, Audit of Speculation Business-Shares, Futures and Options Trading. Audit under section 44AB is required when turnover exceeds Rs. 1 crore. But for the purpose of calculating Turnover, the aggregate of both positive and negative differences is to be considered as the turnover. For example your total purchase price for some script in F&O is 2,00,000 and total sale price is 2,50,000. So the difference in total buy and sell amount is 50,000, so your turn over is 50,000. Now lets say you did some Intraday trading and your total purchase price for some script was 1,75,000 and total sell price was 1,50,000. So your loss was 25,000/- So now your turn over is 50,000 + 25,000 = 75,000. Note, Your Turnover is not 2,00,000 + 2,50,000 + 1,75,000 + 1,50,000 = 775000/-. Hope it is clear.

Hi
May i know when is the NSE, BSE listing day for RITES IPO

2nd July.

RITES IPO - Schedule (Pg #602 of RHP)

13th June - Price Band to be Announced
19th June - Anchor List
20th June - Offer Opens
22th June - Offer Closes
27th June - Finalisation of Basis of Allotment
28th June - Unblocking of ASBA
29th June - Credit to Demat Accounts
02nd July - Listing on NSE & BSE

FINAL CALL : APPLY IN RITES FOR 20 -25% LISTING GAIN AND AVOID OTHER IPO IN JUNE MONTH.