Sansera Engineering Limited IPO Message Board (Page 16)

CM : 43 / 100 Avoid

What are the current buyback where we can participate and which are good one....

Record date for Buyback of shares of eclerx services is yet to be announced. Buyback price is Rs.3200/-. Final Acceptance Rate is likely to be hopefully not less than 20%. Company is reasonably a good n prospering one. Happy investing n best of luck. Thank you.

It’s through Tender Offer process and is in currency. Hence posted the particulars of that company.

Thank you for the info.
What''s is more beneficial in case of eclerx buying shares of more than 2 lacs in one account. Or less than 2 lacs from more than one account.

It’s always more advantageous to opt for purchase of shares in one account for less than Rs. 200000/- irrespective of the company as the percentage of acceptance in buyback will be more in retail category when compared to the other category. Thank you.

you can''t take any action against the bank person, he would have 100+ reasons for your application failure.
also bank providing ASBA facility without charge, if you are not happy with bank service then change your bank.

Try online ASBA in future.

@spock I''m thinking of changing the bank.
I already have an account with Hdfc but the interest rate is very low.... Do you have any idea about Idfc First Bank?

Even I have Bandhan account and not having online ASBA in this technology driven era sucks. Lately I feel that it''s time to shift from Bandhan. The services, cash limit, ATM limits, home pick ups and cheque books without charges and allowing savings to use as current makes me stick to them being a small professional side by side. Any other bank will put heavy charges on types and numbers of transaction Bandhan allows, free of cost. But with recent change in charges and such pathetic experience in IPO looks like good bye time arrived.

@mog
You can still ask bank about Application not found reason, instead of thinking to file complaint just ask same bank person why application was not submitted. So that next time they will be careful.
Check with indusind and kotak if you are looking for another bank + good intrest, AU small & IDFC are also good option

@aRYANrAJ Yes bro Bandhan Bank is becoming cumbersome. I''m looking at IDFC First bank as they have online asba facility with good interest rate.

@KDKing The thing is, after the application was submitted, I had called them to confirm and they said that the application had been processed successfully. Even after confirmation how can they commit this blunder. Its unreliable and I''ve decided to shift.
AU and Indusind dont have online asba facility as far as i''ve seen. Idfc seems to be interesting.

MogPunisher ,
Indusind has an online ASBA facility, I am using and its good.

AU also has an online ASBA facility, introduced this year.

@Spock Which platform should i go for?
REQUIREMENTS -
1) Online ASBA - supports HNI quota apllication
2) Good interest rates and bank is stable/secure

Kindly suggest which bank -
1) Indusind
2) AU small
3) IDFC
4) Yes Bank

I use HDFC Securities for the HNI application because of timing, it''s allowing online HNI application up to 3PM on last day,
Below would be my priority if you are looking for high interest and stability
- Indusind
- Kotak
- Yes Bank
AU I don''t have an expr but they have an online ASBA facility which I am sure about.

@Spock Even I have shortlisted Indusind bank after looking at the financial position.
Does Indusind support Online ASBA HNI application facility and what is the cut off time?
I have HDFC account but the issue is low interest rates.

@Mogpunisher Indusind bank is the best amongst the list and also better than any other bank not listed in the comment box
In terms of
Stability of the bank
Interest rate
ASBA facility

Never ever you will have any problem of link not getting opened due to heavy load and also they offer facility of 3 in 1 account ie it is having tie up with Kotak securities for demat account if you need

Thank you @Spock @KDKing and @Khus for your suggestions and guidance.
I''ve decided to go ahead with IndusInd Bank. I think their cut off time is 2pm which is very convenient for me considering the fact that offline application had to be submitted by morning. Also in case I find it difficult to apply in HNI by 2pm, I will always have the option to apply through HDFC by 3pm.

Try AU bank and avoid yes bank.
From the post of forum members it seems AU bank is the fastest to debit or release money on unblocking day. Yes bank is still not stable. You can try RBL bank also. It allows upto 5 multiple applications like axis bank. Interest rate is also very attractive.

@jstm Do you use AU small finance bank for IPO application? How''s the experience?
I hear a lot of complaints regarding their quality of service

No , I was using bandhan bank offline ASBA. But it was a boring experience as their SMS service is almost zero and unblocking very late. They are still not offering online ASBA. I''m using BoM and BoI at present. Their service is so so kind. Kotak & indusind is also good choise.

From the past trend of IPOs I found from other members post that AU bank is processing earliest of all banks. Their interest rates are also very attractive. You can open account with 5,000 rs. where other banks demand 10,000 rs.

@JSTM i''ll stick to Indusind bank - reliable, secure, good interest rate and online asba.
AU has a lot of complaints so i''ll settle with indusind. Peace of mind is more important than extra 2% interest income.

Indusind bank interest rate is more than any other bank. It offers highest interest rate.

@JSTM Not the highest. They have reduced the interest rate from 23 July, 2021 -
a. Daily balance Upto Rs. 10 Lakh      4.00%
b. Daily balance above Rs.10 Lakhs*      5.00%

It has the highest rate of interest among established and secure banks like HDFC, ICICI, AXIS, SBI, etc

Highest means comparatively no other bank offers 4 % interest rate on savings account. In this sense it offers highest rate.I have checked rates of all private banks.

HDFC ICICI managers will keep calling you and harassing you to buy this insurance product, buy that mutual fund.
I don''t know about other Banks.

@VMARU
I have blocked my HDFC RM number. They are really for only selling

AU Small Finance Bank offers upto 7% interest on Savings Account.

Even axis , kotak & indusind also belong to same family. They regularly harrass at different intervals from different sources to open demat n trading a/c , buy insurance n mutual fund from them offline. They track SB a/c and keep finding whose a/c is ASBA or UPI blocked.This is the reason I recommended mid sized banks like RBL , AU bank as I have experience of Bandhan bank. Even IDFC is also a good choice.

@JSTM IDFC and RBL Bank are not so stable considering their financial performance over the years. A bank which posts loss does not provide peace of mind.
AU small finance didn''t seem like a reliable bank considering negative reviews of its branches and I personally didn''t like their website. It looked unprofessional and scammy.
I have already submitted account opening documents to IndusInd Bank and most probably the account will be active before this IPO closes.

@jstm I have been trying out Bandhan Bank for the past few months but the bank is clearly not equipped for such clientele. The only advantage was higher interest rates in savings A/C.
Drawbacks are huge -
1) Weak backend system and pathetic website speed
2) Netbanking does not provide extra value added services like Online ASBA, etc.
3) Offline application by morning is very risky considering the fact that you have to entirely trust your instinct as the real subscription figures trend is available after 1PM.
4) Unreliable and weak IT system - They already messed up my application in AMI Organics IPO, and they don''t communicate via message or email regarding successful/unsuccessful IPO application. Had they communicated that they were facing technical issues, I would have transferred the amount to HDFC and applied from there by 3PM.

Recently, i spoke to them regarding this and they told me that by next fiscal year, Bandhan Bank will have a new software platform which will incorporate online ASBA and other features. But looking at the current state of the bank, I''ve decided to close my account as their assurances seem to be unreliable.

I mailed to bandhan bank''s customer care seeking online ASBA and they assured me to update their software and IT system by the end of December 2021. Let''s see what happens. Good bank without modern technology.

@jstm The Bandhan Bank representative I spoke to told me that the migration to software will be complete approximately by this fiscal and new services would be possible only by next fiscal.

They already upgraded their software and IT system few weeks back but without online ASBA. Check it if you are still holding a/c. It''s very nice. They are keeping their promise. They are reviewing suggestions and feedback every quarter. Instead of speaking orally You should also mail to their customer care team repeatedly. They will surely reply you and assure their best service. I am confident they will start online ASBA by the end of this year.Let''s see...

@jstm As far as I know, transition to new software was still ongoing.
I might keep the bank ac open and wait till this fiscal

One month before they sent mail and message regarding changes in charges w.e.f 15th September and new net banking. Now it looks more refreshing.Now calendar is visible on front page.We can see all scheduled payments on front page without digging the heap.Hopefully they will innovate more in next quarter.

@jstm The new Netbanking design looks better than before as more information is available for the user but after their update to this version, website has become extremely slow and it keeps on loading. Hopefully they upgrade their server. Even their employees are complaining regarding this.

I never faced any problem till now. I am still using it and it works very smoothly like its app. I have just scheduled tomorrow''s NEFT for IPO trade and it worked it fine as before. You also try it 2nd time. Loading may be due to your slow net speed. Their server is even better than before.

Rsystem ER - 7%
Exactly on accepted line.
Now, AR will be more than 20%
In between,
Goldiam revised buyback price from 670 to 1200.

Thanks.

Aniket sir what is your target of Ami Organic for 1 year.

Very generic post. Please give some reason. I on other hand find price reasonable and will apply on last day response pattern in retail or HNI category

@arun if u are so sure that price is very reasonable then why don''t you apply on first day ?

@mann Mundra

Maza aagaya Tera baat sun kar.

I think generic mean correct said. So generic v hai and wrong v hai. Confusion ho gya. Pls generic ka meaning batao.

N valuation r correct toh response se kya lena dena. Go n apply. Yaa fir dun fool others

Len den ka chakkar ka settings karana padata hai before ipo launch.
Wo huva nahi hoga, or they might got another option of private placement to arrange fund

They never required funds at that time too. It was OFS last time too. You must be mixing it up with something else
My read is that sellers may not have liked the price they were getting in the market in 2018

@Arun
how is the debt to equity ratio?

debt to equity ratio,
March-21 it is 0.55, the good part is since last three years it''s reducing.
0.55 should be good enough, I think?

@spock i like reduction in debt equity ratio while company has not paid any dividend to its promoters and PE investors
They also did not try to take taxfree dividend in FY 20 (last year of tax free dividend)
These measures build confidence in long term vision of promoters

could be Sir, Market condition also not sure for this and next month.
we need to be cautious.

That is why one should pick up only by applying and not buying in the grey