HNIs would only make money if the issue lists above Rs.233.23. At 7.5 per cent, the cost per share make profit only if the issues gets listed above Rs 228.41. While the price band of scrip was between Rs 145 and Rs 156, the grey market premium is about Rs 70-75 giving investors some hope.
The number of applications received were 3,12,830 which means that the retail portion based on the number of applications is subscribed 3.566 times. This would mean that roughly seven out of 25 applicants in the retail category would be allotted 90 shares. Before any higher allocation is made.
Readers must understand that in issues which receive excellent response, retail investors should apply for just the one lot as all eligible applicant would be allotted a minimum of one lot before higher allocation is made.
Read more at http://ak57.in/general/sharda-cropchem-limited-issue-subscribed-60-times/6844/
Can only speculate. 2:7 is possible. When CARE had it''s IPO, it was oversubscribed 6.2 times, and the allotment was 101:256, which is like 2:5. Investors have probably become still smarter, and more and more are applying in smaller lots.
We could estimate the basis of allotment if we get the bidding data.
I had applied 5 times and any body can tell whether I get 1 lot sure or on lottery basis ,,,,.any body can know how many applications received n retail category... Reply pl
I don''t think that the number of bids is in public domain yet. Unless that is out, no one can tell you whether you will get a lot or not. Someone here thought that the probability of allotment will be 1/3.5, while others think that there will be firm allotment.
I know that it is frustrating that the powers that be (Exchanges, registrars) are happy to disclose the number of shares bid for, but are less willing to share the number of bids for each lot size quickly enough.
NEW DELHI: The government on Wednesday kicked off the most ambitious disinvestment programme, targeting to mop up a record Rs 45,000 crore by selling shares in blue chips public sector companies — Coal India, ONGC and National Hydroelectric Power Corporation (NHPC).
While the exact dates are yet to be finalized, SAIL''s disinvestment, which was cleared earlier, is likely later this month, with a 10% stake sale in Coal India expected around Diwali. The energy behemoth will help the government raise around Rs 23,600 crore based on its current share price. If prices hold, this sale alone is going to match the best ever disinvestment receipts of Rs 23,957 crore in 2012-13, when the government had sold shares of NTPC and NMDC, among others.
ONGC, where the government can garner close to Rs 19,000 crore via a 5% sale, is expected later in the year as the government is awaiting clarity on gas prices before the issue, sources in the government told TOI. Somewhere during the course of the year, it will also sell 11.3% in NHPC which, going by current price, will help generate around Rs 3,000 crore.
Sharda cropchem IPO is closed on 9th of Sept How it list on 12th of Sept................. Withoug allotment how can list.................. Don''t say false