Profitable Advice: Stop payment for MOIL & apply in SCI in 1 lk app. Profit is 10000/- so stop 4 moil.
299. Pandit Ji| Link| Bookmark|
December 3, 2010 10:18:15 AM
Top Contributor (400+ Posts, 200+ Likes)
I appreciate the views expressed by sreedharji, but one thing I want to bring to the notice is NTPC moved up from 185 odd levels to 230 levels before the FPO, whreas SCI has tanked from 160 levels to current levels. This FPO will not go under 140, and most probably will get done at 135/- add to that the discount to retail, looks safe for a 10 bucks profit to me
Anybody can advise regarding SCI FPO is it creditworthy to apply for this. At what price we can bid it, I think the maximum bids are in the lowest band of Rs.135, please tell about at which price the bid can be made for this FPO.
Thanks for your views. First of all I am a new investor and nothing to do with Abhishu. Now, I had applied for SCI, just because, I feel safe by investing in Government Companies, than private companies. I am not applying this for listing gain....
what the subscription details in the retail for this fpo as of now
295. Pandit Ji| Link| Bookmark|
December 3, 2010 9:04:05 AM
Top Contributor (400+ Posts, 200+ Likes)
Apply SCI, the share will not tank as there is not much response from HNI and retail, as they are ones who generally sellon listing, The addttion to the exsisting capital of 425 crores is only 40 crores worth of new shares, so the amount of new shares in the market would be a small percentage, so fresh supply is also minima, apply for atleast 10 bucks profit per share, allotment would be high so effective profits would be decent, apply SCI
294. M Gupta| Link| Bookmark|
December 3, 2010 9:03:17 AM
IPO Guru (1000+ Posts, 3100+ Likes)
When are the IPOs of Punjab & Sind Bank and L&T Finance are coming?
292. Rkg| Link| Bookmark|
December 3, 2010 8:18:25 AM
Top Contributor (500+ Posts, 200+ Likes)
I am facing problem in SCI FPO.Having applied 4 full applications, what shall I do.Some are suggesting sale in futures, which I have never done .Being ignorant in this aspect,I request that someone may pl.guide me as to what should be done and what is the procedure, together with profit expected, cutting the theoretical part.
SCI FPO is overpriced. just like NTPC. SCI cannot be compared with MOIL. The nature of business is vastly different for SCI. the SCI shud be compared with AI,JetAir,KF etc., none of which are portfolio-worthy. plz chk analysis by RaviBangalore which ranks amomgst the best at this time.
@280 Suresh Ji, I also agree with you. I think the price SCI has been kept depressed artificially. Once the FPO is over, price will climbed back. One example of this is, REC FPO in feb 2009. At the time of FPO its price had been managed between 215-225 (and QIB got all the chunk), and retail did not participate (only 30%). And the very next day, when FPO was closed, REC started zooming. Keeping the above fact in mind, I think we must apply in this FPO. At least 10% gain, on alloted shares, is sure.
In the mean time I will chase KOUTONS RETAIL along with Ravi, Bangalore. I tried to enter DB Realty for the past two days but could not. I also tried to enter KOUTONS yesterday but could not.