If I apply this IPO through ASBA with two different banks(e.g SBI,AXIS)1 lot each.what is the chances of getting both allotment?Last time I applied 2 lot of SNOWMAN LOGISTIC LTD with SBI,but didn''t get any allotment.Please share your experience regarding this.
If the Ist Name & Pan No, is same then it is counted as multiple application. & all applications are rejected. You can open demat in your family member''s name & apply more applications
Subscribe to Shemaroo Entertainment IPO: Hem Securities Hem Securities has recommended to subscribe to Shemaroo Entertainment''s IPO, as Co’s recent initiatives as an official channel partner for Google Inc.’s You Tube is infusing optimism in growth prospects of company.
Read more at: http://www.moneycontrol.com/news/ipo-issues-open/subscribe-to-shemaroo-entertainment-ipo-hem-securities_1177751.html?utm_source=ref_article
One can make application for one lot of Shemaroo IPO. Retail discount is positive. Also as it is a small issue, speculation after listing cannot be ruled out. Discl: Will apply for a lot.
not much interest in grey market .Last heard around 42-43further many broking firms are stating this is an overpriced issue with poor quality management.
One should be enough. Applying for more will probably not make any difference.
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September 14, 2014 11:09:30 PM
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Read my advice below for guidance
If the retail subscription is more than total share allocation, then each eligible applicant is going to get maximum one lot. However it is seen that some retail investors still subscribe for a large number of shares hoping that by doing so they may get preference. Some even subscribe for maximum limits. It is clear that such people either do not know the new rules or are just hoping against no hopes. Besides they are losing interest on such amounts.
Advice: Please do not apply for more than one lot if you find good subscription response. You are not going to get more than one lot in any case irrespective of your subscription.
Caution: In an issue if you find less subscription, do not get tempted to apply for more share lots. You may get full allotments even for Rs. 2 lakh subscription but then you know the fate of such company shares on listing & there after. Such shares are normally not worth the price these have been floated & trade in loss to IPO price.
Inference: Apply one or two lots only in any IPO. However you can take bigger bets on good FPO
Issue size is very small. Hence it will be double the retial subscriptions of snowman. In snowman itself it was 1 out of 18 chances. Here no doubt even if it is 1 out of 35 :-) Allotment chances are very very very .... slim
If you''re sure, then we have the following - Number of lots overall = 7741885/85 = 91081
Lots for retail = 35%* 91081 = 31879
So we can expect 31879 allotees to get as many lots, valued at Rs 153 * 75 = 13,005, which is similar to Snowman (which was Rs. 14100).
This is considerably better than Snowman logistics, where there were only 14,000 retail allotees. However, it is quite possible that there may be more retail subscribers here.
Hem Securities'' report on Shemaroo Entertainment IPO
The Company is bringing the issue at price band of Rs 155-170 per share which will turn into p/e multiple of 15-17 at post issue FY’14 eps of Rs 10.13.
Company with its presence in various distribution platforms such as television, home entertainment, digital New Media and other media have a diverse Content Library, which is growing continuously with the addition of new releases as well as through catalogue acquisitions. Also, Co’s recent initiatives as an official channel partner for Google Inc.’s You Tube is infusing optimism in growth prospects of company.
Hence we recommend subscribe the issue, says the research firm.
Company was founded on October 29, 1962, in Mumbai, as a book circulating library. It is an established integrated media content hoin India with activities across content acquisition, value addition to content and content distribution. In 1979, company up India''s first video rental business and thereafter in 1987, company forayed into distribution of content through the home video segment in the video home system (“VHS”) format.
Over the years, company has successfully adapted to changing content consumption patterns by expanding into content aggregation and distribution for broadcasting on television platforms. Company is continuing the expansion into New Media platforms.
Are you sure that the retail portion in Shemaroo is 35%? If it is indeed so, people ''can know'' why this is so becathis information is in public domain. The information is available here - http://iepf.gov.in/IEPF/Eligibility_norms.html.
To summarize, There are two routes for an IPO 1. Profitability route 2. Entry norm II (QIB qoute)
Snowman''s listing happened through the second route. Thus, it had to offer at least 75 percent of its offer to the public to the QIBs.
IPOs of most mid-size and large companies happen through the first route. It is in the company''s interest to attract higher retail participation.
But Snowman did not meet at least one criteria of Norm 1, viz. rule b, i.e. Minimum of Rs. 15 crore as average pre-tax operating profit in at least three years of the immediately preceding five years.
SME IPOs are a completely different beasts, and things may happen differently there, I haven''t studied them in detail yet.