Shipping Corporation of India Ltd FPO Message Board (Page 17)

I will now wait for Punjab and Sind Bank, L&T finance and the coward who ran away, One97.

Dear Sreedhar,
I have decided not to apply. One of my friends who has shorted 1 lot in futures and said he will give in 5 applications has asked me to be ready to be a partner in case if there is more retail subscription and if he is not in a position to get the required number of shares. I now think he himself may give in lesser number of applications and may not need my partnership.
On the day of 'listing' when there is selling pressure and if the price goes down and becomes attractive, I may buy for any possible up move after the selling pressure subsides.

Abhishu

Think about newly entered people. Atleast don't misguide to people who is new to all these. Ideally there is no one innocent in this world.
Looks like you are operating both account "Nanda Anil" and "Abhishu"

Dear SmartIPO..

There is no one innocent in equity Market..If people are so innocent then they have to do FD their money.

i m missing for careless service of SBI(online SBI ASBA)...i will try agagn again till 1.15 pm ....after that try 4 deposit money in my axis bank a/c ....after deposit complete time is 1.57....i m not able 2 apply...because online apply time till 2.00 pm

Nanda Anil

See my details in previous post. shipping corporation is down since last 5 years. And power grid is making new heights. This is biggest diff. in both so think 10 times before advising for SCI to innocent people.

@280. NANDA ANIL

govt of india is offering , yehi to problem hai.. remember NTPC, NTPC ?

274. gaurav sapra

price bid is made at a particular price in the price band. The final price is decided after the bid is closed & in case the price is more than the one you have bid for , you would not get any allotment.
For retail subscribers like us it is best to use the CUT OFF OPTION in which the shares will be alloted at the rate finally decided .

I have applied for 1 full application for SCI FPO, my view on SCI FPO is a clear subscribe for a retail investor who can hold the stock for at least 1- 2 months if not the price moves early.

•      Very attractive price of Rs. 133 for retail investor even if the price will be set as Rs. 140.

•      The price band is near its 52 week low which will minimize the down side risk.

•      Near term price target will be around Rs 162.00 (21% from the retail cost of the FPO) which is 200 days Moving average of the stock.

•      Medium term target will be Rs 202 (51 % from the retail cost of the FPO) which is 52 week high.

•      Industry leader with comes with less than 8.88X PE ratio and less than 1 X price to Book value is sure buy call.

•      We will get good allotment due to the muted subscriptions level for this FPO
      
However this FPO may not suitable for the investors who are investing for listing gains only since this not expected to give any great return in a day.

I too have applied for SCI for 600 shares. I am still holding Powergrid received through FPO. Not too greedy to reap money. After all this is Government of India who is offering. Let's see how it comes out...

APPLY FOR SCI AND GET YOUR CHEQUE IN MOIL STOPPED. U WILL GET COOL PROFIT OF AROUND RS. 6000 IN SCI PER ONE LAC AND IN MOIL U WILL GET LESS THAN 1500 PER ONE LAC...

Guys carefull with Shipping corporation. check last 5 years finance history.it is down.

Particulars      For the year/period ended (in Rs. million)
31-Mar-10      31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06
Total Income      39,062      45,578       40,318 42,009      38,476
(PAT)       3,934      9,595       7,546       10,161      11,166

So care full. I don't think it is good for long term. if you caught by mistake then, you may endup with big loss.

AARE GAOWALO 273 SHREYA KE PAS BAHOT PAISA HAI.

Hi,
what are the chances of allotment for one application of 1 Lac if I apply at higher price of Rs. 140.

govt might reduce the price band & extend the last date tomorrow ...(i hope so atleast)

what is the difference between applying at highest price and at cut off price?e.g. if I apply at 140 (highest price) or cut off in SCI ,wats the difference?can somebody explain me with example.

applied for sci fpo... 700 shares worth 98000/- ..... feeling good , I have also applied for MOIL full application .......

Gane,
Ignoring is best option.It should be well left as it was propped solely by SBI & LIC.So I do not know who will buy the shares when people like us sell.You can see the situation of Powergrid ,even after such great subscription it went all the way to 91.8 due to retail selling.Only after retail sold did it go up.So my fear is retail selling & someone should absorb it FIIs are not buying at 140.When in doubt well left is the best option.

Srini and Sreedhar,

Are you going for shipping?

Sreedhar, I cannot predict what you are going to do from your messages. are you going to bid at 135?

Gane.

I am very sure that I will not loose my money here..I am expecting at lease listing on Rs.143-145 and we will get share in Rs..135.. 8-10 rs per share is not bad..And allocation will also going to high being low subscription..Happy Investing..I applied in Powergrid and made..Rs 4500..