Let's watch today. The employees of SCI have not yet started subscribing to the issue. Does this mean there is something amiss in the company's internal affairs? Retail investors must be cautious.
If the SCI issue fails (which I think will not as the Govt. knows the knack of seeing it though) it will teach a lesson or two to the Govt in proper pricing once again.
Looks like SCI is going to be a big flop. Reason why I say so is: 1) Look at the current market price of SCI hovering around 143 and they priced it at 135-140. If subscribed fully, history would reveal that govt won't fix the price at low end. so even with 5% margin risk is high. 2) Just look at POWER GRID when FPO was going on the price was around 103 and then by the time the FPO shares started trading it went to as low as 93... 3) MOIL retail subscription is so high, so looks like thought its better to go with MOIL than with SCI. 3) Going to SCI would be risky and if we wait we can easily buy the shares at a price which is then the FPO price including the 5% discount.
IOC KA fpo agar 450 pay ayga and current market rate 383 hi tho ioc kay chairman ko market say sub shares buy kar layna chahia 2 month may per share kam say kam 100 rs. Ka profit fix hi, lagta hi in logo ko market ka gdit nahi pata.
After long set up change HDFC finally started its ASBA facility today but the bank has stopped accepting SCI ASBA application from 1 dec 2010 1400hr. what a mess all these done by banks' web developers/managers. I think all banks are not happy with the ASBA facility given to small (poor) retail invetors. Lot of Terms and conditions we have to check for our fault but none to there side. They are taking us as for granted, useless account holders, it is also ture that we can not do any things for this mess too!!
Seeing today's closing price, it would be better to purchase in the secondary market after closure of FPO. Probably reconsideration on the issue price would be done similar to Claris Lifesciences
IF QIB is fully subscribed tomorrow, we should apply. In case of 2x oversubscription, one will be allotted 700 shares. At todays closing price, gain of approx Rs. 10 will give you Rs. 7000 per application.
SHORT IN F&O , ONE LOT OF SCI , APPLY FOUR APPLICATIONS OF 2L EACH,MINIMUM ASSURED ALLOTMENT WILL BE 500 SHARES PER 2L APPLICATION. MAKE COOL PROFIT OF RS. 20K
nothing much left in SCI.. so i would like to wait for punjab and sind bank ipo where is big brother or good brother now a days ? he is the best in this business.........