See look at Matrimony IPO around 170 Rs discount. SBI Life will be another like Matrimony because of supply more and demand less and due to ask price is 50 time more than the peers like ICICI Prud.
if retail category is not full and i apply @685 which is lower level, will i get allotment ?
357.1. PSR| Link| Bookmark|
September 22, 2017 1:23:58 PM
IPO Guru (1200+ Posts, 700+ Likes)
No.
356. PSR| Link| Bookmark|
September 22, 2017 11:53:17 AM
IPO Guru (1200+ Posts, 700+ Likes)
The persons who are happy with this issue is only employees who are applying under quota, since each applicant likely to earn Rs. 50,000, without much risk.
356.2. PSR| Link| Bookmark|
September 22, 2017 12:25:48 PM
IPO Guru (1200+ Posts, 700+ Likes)
I have not gone through the RHP in detail, but I have given to understand that Employees are offered 10% discount in their quota and they are allowed to bid upto Rs. 5 lakhs. 10% 0f 5 lakhs works out at rs. 50,000. Hence they can gain Rs. 50,000 even if the script lists at issue price.
This may turn out of be another HUDCO with extreme pressure on listing day.
349. R R Patel| Link| Bookmark|
September 22, 2017 12:55:10 PM
IPO Mentor (800+ Posts, 3400+ Likes)
SBI Life Insurance Company Ltd. IPO Subscription figures on day 3 @12:50pm
QIB - 4.78X HNI/NII - 0.13X RII - 0.58X Employees - 0.47X SBI Shareholders - 0.17X Total - 1.45X Increasing mode...... I have applied 2 Applications of 1 lot each. Very good for long term.
CAGR 37.9% so i think it''s little good to apply during listing it may on flat mode/little up then gradualy will give 10-15% profit. looks for QIB & NIB subscribe . then apply
Hello, I am new to this, I can bid less than lower range for ex lower price for SBI is 685, Can I bid 650 and if retail is not subscribed 100% what are the chances of getting lot?