Best thing to do is AVOID............. Save your hard earned money............... IPO will be listed at least 100-110 rs discounted value. One thing what we should keep in mind that Premium and Discount works on the same concept. When good listing gives us lucrative price appreciation much better than what we get after calculating the cumbersome ratios, in the same way, discount drifts stock price much lower what we expect. So bhai logo.... wait and watch..............
377. KING VINOD| Link| Bookmark|
September 22, 2017 2:33:28 PM
IPO Guru (2400+ Posts, 5300+ Likes)
Total 1.68X as on Day 3 @ 2:30pm
376. phrao| Link| Bookmark|
September 22, 2017 1:18:13 PM
Top Contributor (400+ Posts, 500+ Likes)
I am not applied. Because I am not interested on KARVY ALLOTMENT SYSTEM
Not a logical thing to do in this IPO to just blame KARVY... as this will be just under subscribed everyone in retail, shareholder and employee category will get the sure shot allotment...
I have withdrawn all 4 applications applied earlier.Karvy willnot do justice in allotment process.Due to heavy capital Karvy will allot the shares to the applicants if no such demand is there for shares.Link intime,Bigshares etc Registrars are providing very good services and will provide justice in allotment process.
applied one lot cut off in shareholders quota. anyway 75% of issue will go to QIB, employee can not sale the shares till one year, so very less flow of shares on listing day. as i keep for long term, so not any worry of listing gain/loss. last year got 113 shares in ICICI pru ipo, still holding it.
Depend heavily on sbi branches and sbi customers for business. Its own employees do not contribute satisfactorily. SBI employees booking business in greed of commission and foreign trips in the form of incentives. The ignorance of attention towards main business by sbi employees is resulting weekness in performance of bank. Looking to this one can presume the future prospectus of the company who is expecting high premium. However the best thing is that its owned by SBI. It may therefore govern premium in long term.
370. R R Patel| Link| Bookmark|
September 22, 2017 2:06:32 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Not so encouraging figures so far. Last 2 hours for any action.
369. R R Patel| Link| Bookmark|
September 22, 2017 2:04:43 PM
IPO Mentor (800+ Posts, 3400+ Likes)
SBI Life Insurance Company Ltd. IPO Subscription figures on day 3@2pm:-
QIB - 5.01X HNI/NII - 0.23X RII - 0.64X Employees - 0.48X SBI Shareholders - 0.18X Total - 1.56X Not good figures so far......
Icici was much better in subscription. Very poor response from RII. I think it will be under subscribed in this portion so whosoever applies will get full allotment... & Get discount in listing.
368.1. Manofsteel| Link| Bookmark|
September 22, 2017 1:59:26 PM
Top Contributor (200+ Posts, 200+ Likes)
It is also because SBI is raising a Much bigger amount than ICICI.
Surprising but major portion of QIB subscription is from FIIs.
365. Chem cho| Link| Bookmark|
September 22, 2017 1:41:48 PM
IPO Guru (2500+ Posts, 2700+ Likes)
LONG TERM GOOD IPO I AM not applying in this IPO I have advised my clients not to apply in SBI LIFE INSURANCE MARKETS are at nifty 10000 , wait and watch , markets
362. jajo| Link| Bookmark|
September 22, 2017 1:37:53 PM
Top Contributor (300+ Posts, 200+ Likes)
Most of the reviews of this IPO recommends for subscribe, but for long term and some says it is highly overpriced. We can understand the constrains of the Top Brokerage houses to say AVOID as the issue is from stable of all powerful SBI Group. But why retailers should block their hard earned money for 6 months to 2 years at this high price when this can get at a lower price after the listing? Don''t believe the gray market which is not reliable and may disappear altogether after the issue is closed.