Shilpi Cable Technologies Ltd IPO Message Board (Page 15)

GEM,

Thanks. I will clarify why I asked this question.

1) Instead of applying say 2 lacs in 3 applications in Retail and gettiing an allotment of x. Instead apply 2 lacs X 3 applications => 6 lacs and when the subscription of HNI quota is low (like in Fineotex), then the allotment is more than x.

2) When good ipos like Muthoot are expected and if the price is attractive then the question of the over subscription arises. If Retail is 5 times and HNI is only say 5-10 times, it may justify applying thru even HNI quota (i.e more than 2 lacs). After 8 pm once the over subscription levels is known, then we can decide on either to stop the cheque of retail application or stop the cheque of HNI application based on over subscription levels.

Hope I clarified the purpose of the question. Now since one of the cheque is stopped, will that application be still counted for cross checking multiple applications?

DEAR FRIENDS WHY I HAVE STILL NOT CREDITED INTEREST FOR SBI BNOND?

CAN ANY ONE TELL ME THE REASON?

any new about virgo engineers ipo

Thanks for the answer gem ipo finder

muthoot is coming with an ipo of 1200crore to 1400crore.

Retail would get 10% discount.

but they are going to ask for a high price may above 225.

DEAR CLD/MR. DHAR

NAMOSKAR MOSAI......

UR QUESTION:-

Will you please tell me the tax treatment on SBI bond gains listed recently. I have seen from contract note that no Security Transaction Tex has been charged on the sale proceeds. That means it is not a security & the gains possibly can be a sort of interest which is to be added to other incomes for tax purpose. Even if the bond is sold after 3 months, the gain cannot be taken as short term security gain & will not attract 15% tax as is done in securities where STT is paid


MY ANS:-

IN SIMPLE WORDS--

"INTEREST" AND "SHORT TERM CAPITAL GAIN" BOTH WILL BE CHARGED AT NORMAL RATE OF TAX.

SINCE "STT" IS NOT DEDUCTED NO SPECIAL TREATMENT REQUIRE FOR THIS STCG LIKE TAX @ 15%/20%/10% ETC....

I HAVE ALSO QUOTED ONE LINE FROM THE PROSPECTUS OF SBI BONDS 2011 FOR U :-

"Short-term capital gains on the transfer of listed bonds, where bonds are held for a period of not more than 12 months would be taxed at the normal rates of tax"

INTEREST WIIL BE CHARGED UNDER THE HEADS - " OTHER INCOME "
DIFFERENCE BETWEEN SALE AND BUY PRICE WILL BE CHARGED UNDER THE HEAD- " SHORT TERM CAPITAL GAIN " BUT CHARGABLE AT NORMAL RATE LIKE REST OF UR INCOME, NO SPL RATE IS APPLICABLE.

Sreedhar,

probably you will get profit in Shilpi. Also the persons who are all applied. Grey market premium increased to 5-7 today.

Good luck.
Gane.

vas net

ur both the application will be rejected on the ground of " multiple application"....

ur 1 lac appliaction under hni quota will be deemed to be applied in retail quota even u select hni quota to apply, means ur application size must exceed 2 lac to qualify for hni quota...

this is a very wild and unrealistic qsn!!!!!!!!!

nifty fifty

first ans - yes ( u will get interest upto 31 march).

second ans - no ( he will be entiteld int from 1 april 2011)

Dear all the blog members-

Here is a query

I have sold my sbi bond on the first day of listing on 23rd march.
Would i get the interest of 8 days which is from 16th march t0 23rd march.

2nd query

If a person bought the sbi bond from open market on 23 march and sold it on 28 march, should the person get the interest for the 5days. (23 march to 28 march).

Thanks in advance

Gane,
I have applied to Shilpi cables from the refund money of Lovable.Hope to make some money in it.

Dear triplehhh,
Call this number 022-25960320.If you still have problem.Give me ur application number .I will try.

Dear experts,

I have a query. In case I apply one application in Retail category by cheque and another in HNI category again by way of cheque and later stop one of the cheques(after eeing he subscription levels), will I get allotment in the other application. Have anybody experienced?

This query is raied since some IPOs have less HNI subscription than Retail (like in Fineotex)

Ravi Bangalore,

Dont miss the Tulip Garden in the Netherlands which is open now.

Anybody applied for this IPO (Shilpi)?

Gane.

Gem ipo finder

SBI bonds tax treatment ............

On 21st March, you had answered some questions on taxation. I have posted my questions during last few days on SBI bonds sale proceeds & taxation thereof. NO STT is deducted on the sale proceeds. Kindly advise. My queries can be seen in my profile.

ANY

NEW

IPO

PLEASE

.

bj,

calculate the ytm using the link given below for all the fallen bond...

and buy the bond with highest ytm ( yeild to maturity )...

dont take decisin only by seeing coupen rate of 9.25/9.5/9.75/9.95 %, its the YTM that counts not the coupen rate..

for example if to earn 9.95% i have to pay 10400 and to earn 9.25 if i have to pay 9800 then i will surely buy 9.25% bond ...

so this way u look at the opportunities if any

stiffknot

in kotak asba 5 application per ipo from one savings a/c does not work..

here only a/c holder's name can be add as beneficiary, unlike other bank's asba u cant add here third party as benefiaciary...

one way out to this problem is convert ur sole savings a/c in joint a/c with 3 name and then u can add all the 3 a/c holders name as benefiaciary, so now u will get 3 benefiaciary to pay in an ipo

Dear all the blog members-

Here is a query

I have sold my sbi bond on the first day of listing on 23rd march.
Would i get the interest of 8 days which is from 16th march t0 23rd march.

2nd query

If a person bought the sbi bond from open market on 23 march and sold it on 28 march, should the person get the interest for the 5days. (23 march to 28 march).

Thanks in advance

Vivekbhauka

SBI bond tax treatment......

Thanks for your immediate response.

Basically SBI bond is a debt instrument although a listed one. That is why no STT is deducted. Pl. confirm from other professinals & reply immediately. I am planning to sell my bonds on 28th or 29th March on the basis of your feedback after working out my tax liability.

Other professinals on taxation may also please express their views.

LATAST G M P

P T C FIN Rs.1 To Rs.1.25

SHILPI Rs.3 To 4