I have applied in RPP infra projects Ltd through online application from HDFC Securities, can i withdraw my application right now ? currently it is shoowing under process
Dear Srini & friends, I have withdrawn my application just now.I am not applying for RPP becos subscription is not expected to be times at this point of time
THERE ARE SO MANY EXPERTS ON THIS BORAD, BY WATCHING THEM IAM ALSO TRYING TO TAKE ESTIMATE ON RPP INFRA SUBSCRIPTION I THINK REATIL PORTION WILL SUBSCRIBE AROUND 6 TO 8 TIMES
Good to see that you are available here, please update atleast by 2:50PM about your subscription status. Lot of people are waiting for you final decision.
RPP will not subscribed that much today itself as investors of all categories are eagerly waiting for lot more big bucket IPO/FPO`s.........MOIL, SCI, HInd copp...etc. They keeping their money safe for for much better worth IPO`s rather than go for RPP kinda IPO. I wrote what I personally feel......don`t take it otherwise RPP loverSSSS
i already applied for RPP IPO throgh reliance money by online. Is there any possiblity to withdraw my application? pls guide me.Now i dont want to invest in it.
There is quite buzz about this RPP infra in the market now GMP is around 10 - 11 ( greymarket.in). On the EPS calculation i disagree with the various posts made earlier . The EPS of around 3 is calculated on the previous years financials and have failed to understand the future financials . According to the DRHP the company has an order book ( from Govt) of around Rs. 613 Crs as on june 30 2010 which means the company has to complete around 250 crs worth of projects in the coming year , going by a pessimistic PAT margin of 5 % the company should have a PAT of around Rs. 12 - 13 Crs on an expanded capital of 22.6 Crs the EPS should be around 6 which means the PE on Rs. 75 ( issue price) will 12 to 13 Market multiple..... We should keep in mind the Order book position mentioned is only till June 30 th ( 1st quarter ) and Company may add additional order book which would also contribute to the topline and bottom line of the company which should translate in to a better EPS. Based on this rational i am investing...
Salecha, I expect powergrid to move to 105 before the allotment starts.After allotment ie on 24 especially it will start down 3-4 % due to selling pressure but will recover soon.I have also few long future positions at 96 which I hope to square off in 102 rate on expiry.The shares alloted I will wait for the selling to subside & sell only above 110 if market supports. Regarding your other query I am applying for RPP but remember a BIG REMEMBER only if it crosses 15 times in HNI & 6 times in retail which I expect it at this point of time.I will use the refund in SCI. MOIL I have not taken decision only after Issue price is decided I will take a final call.