As we all wanted in this issue 50% is for retail investors and the other 50% is for QIBs and NIIs. But please don't think this is also applicable to the other forthcoming issues.
@ KK Natarajan, Please keep on updating about the latest Subscription figures
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December 28, 2010 7:22:51 PM
IPO Guru (1300+ Posts, 500+ Likes)
DEAR K K ,I ALSO RESPECT THAT FELLOW CHAMPGURU..HIS INFO. ABOUT IPO R REAL..I ALSO FOLLOW THEIR DISC. ON MONEY CONTROL IN THE AFTERNOON..SINCE THEN SCENARIO HAS CHANGED .CURRENT GMP IS 7=00 SELLER FOR SHEKHAWATI..SO TAKE YOUR OWN CALL.
Sirs, I have SB account in Indian Overseas Bank. They have now started ASBA. I cannot go to the branch of the bank as my work place is away from the branch of the Bank. Is it possible to apply online? what is the procedure?
For the benefit of some friends here I want to carry some information from the message board of money control.
Like our Sreedhar here, there is one respected boarder there who posts informations under the name Champguru. He is positive on Shekhawathi. What more, he also says its subscription till noon today is 1.31 times (I don't know how he got the figures, but as he is a respected boarder there, it should be correct information) and anybody who applies full application will get 500 to 600 shares.
There is also some discussion on people selling applications for 2000Rs and suggestions that selling shares will be more profitable. The GMP indicated is 8 to 8.5Rs.
As for as I am concerned, I was a little apprehensive in the beginning but I have no hesitations now. I have already submitted 1 ASBA application in ICICIdirect and has got 2 more forms, to get which I had to pressurize my broker. I will submit them tomorrow.
Some more here jd, Among those 20... 3(Jubilant Foodworks,Thangamayil,Mandhana Ind) - were only trading Above 100% premium Another 3 (Talwalkars,Gravita,ARSS Infrastructure) - trading between 50-100% premium Another 4 (United Bank of India,Persistent Systems ,Gujarat Pipavav,Career Point) - trading Between 25-50% gains Other 10+ between 3-25% premium.... So only 1 among the 20 IPO is Good or worthy to give 100% returns in an year... So Just forget to hold, since holding will also has the Risk of market fluctuations, so just Apply some Good IPO's and Enjoy...
Dear jd, i am in market, just from last December, though first of all i would like to say you something as follows, 1.Don't Apply in All IPO's 2.Read this forum Regularly, it will carry many for and Against comments, so you can get an one stop shop information by here and coming to your Query... In the past 12 months it seems 60+ IPO's came and Among them only 20+ were trading at/above issue price and in them, Tecpro, obrroi ,coal, moil, va tech, Gallant, career point & gravita i.e,nearly 8+ wer listed around past 2-3 months so they may even go below issue price.... So would you like to "HOLD" IPO shares or Book LISTING GAINS?
@Durai Raj,As u know I am New in stock market,pls share your knowledge that what is the benifite to sell IPO threw received shares on listing day rather than holding for long time,like 1year or more,I m asking abt shares like Coal India,Power grid,MOIL etc.I mean what time period will give more profit?Listing day Gain or Holding for one year and above will give more profit,Thanks in advance
@Durai Raj, Thanks,Perfect answer u gave,I aplied sucessefully,from your answer i feel u r using asba account this way so hopefully IPO will not get regected,one more time Thanks
@ j d Yes You can Apply through SBI Do the following after login ->Select DEMAT/ASBA tab -> Click on the link - "IPO Services using ASBA " ->click "Accept" ->Select SHEKHAWATI POLY YARN LTD and go, Then click Accept ->in this page, Select the category (Retail), ->Applicant Name (As like in your Mothilal Account) ->Enter your PAN number and once again to conform ->Motilal Oswal is a CDSL Depository Participant, so select it -> it will ask you "Beneficiary DP A/C Number" give your Mothilal Oswal DP A/c No and click Apply... Enjoy.....
I am having 50 Coal India @IPO price and I purchased 50 @310. I got 50 shares of Punjab and Sindh. I am having 20K surplus, so should I go ahead and buy Coal India or wait for Punjab and Sindh and purchase another 100 post listing ? At the same time REC is looking attractive at current rate. should I go ahead and purchased some more REC ?
I am looking for long(1 yr) or Medium term(6 months) investment, rather than going for Intraday
Dear Sreedhar,I will aply for full,You are right I m new in this forum and also new in stock market,I aply for claris threw motilal oswal but refund of claris is not came back in my bank,wrote many mail to link in time but no reply,what to do now? I can aply for SPY IPO threw sbi asba using DP account of Motilal?I have asba facility in sbi,but I am trading threw motilal,pls advice me earliest as only one day left for aplication.Thanks