Shipping Corporation of India Ltd FPO Message Board (Page 26)

106 Anonymous, You english is very poor. Read the line again:
"The amount actually received from the transacting party and not the amount relating to allotment is to be reported."

What does it mean? The amount actually recieved from the investor if it exceeds 1 lac it should be reported. It has nothing to do with the amount of allotment.

You 2nd point "In most of the cases, the full application amount is slightly below 2L" doesnt make any sense. The limit for AIR is 1 lac so what difference does it make it is slightly less than 2L

May be it is got to do with time that you posted the message which is 5.44 AM. Were you drunk and fully tight? hahaha

Definitely a Don't apply. Too expensive and no guarantee of returns. Even @120-125 if it was priced, we have to rethink whether to apply in this falling market. Better try u'r luck in lottery with one97 IPO.

Hello,
Some people here are trying create panic regarding IT.
Two important points here:
A)
As per http://www.tin-nsdl.com/anninforeturn.asp
Point: 5 says:
""The amount actually received from the transacting party and not the amount relating to allotment is to be reported.""

Which means that only it will be reported if the shares allocted are worth 2L or above.
So it never happnes for a Retail app as long as the ipo is good.
May be in some cases of low subscription.. (like Claris), you may be allocted full.

B) In most of the cases, the full application amount is slightly below 2L, (e.g.Rs. 197625 for MOIL ) so it should not be a problem even if the 'to be reported amount' is application amount and not the allocated.

Please dont scare innocents, and if any IT experts here,
please write your valuble input.
Thanks.

Don't enter in SCI FPO seems no listing gains.Already share price is 145.

Shipping Corp’s FPO price band fixed at Rs135-140 a share
Retail investors and SCI employees will get 5% discount on the issue price. Under the share sale plan, 0.5% stake has been reserved for employees

retail investors are requested not to apply/subscribe the sci fpo and their sentiments will force the govt to revise the price band some where near rs.100/

-5% discount he ya nahi ?////

THE PRICE BAND FIXED IS ON HIGHER SIDE...PRICE AS ON 25.11.TOUCHED A LOW OF RS.142.75....GOVT ARTIFICIALLY MANAGED TO KEEP PRICES NOT TO FALL BELOW IT AND SO EVEN IN STEEP DIP ON TODAY THE LOW PRICE WAS RS 148/-..IVESTORS ARE ADVISED TO STAY AWAY FROM THE FPO....SEE FINANCIALS AS BELOW:
Particulars      For the year/period ended (in Rs. million)
31-03-1031-03-0931-03-0831-03-0731-03-06
Total Income      39,062      45,578      40,318      42,009      38,476
Profit (PAT)      3,934      9,595      7,546      10,161      11,166
PROFIT IS CONTINEOULY DECLINED.....PLS ADVISE AND COMMENT ...MY OPINION IS TO AVOID......

Hello Sreedhar,

Please share your thought on LIC. today I bought 200 shares of LIC @ 938 Rs/share.

Please let me know will it go down further on monday or will go up.

price band 135 - 140 is expensive.
Current Market Price 146.
Only to apply if price moves to 155 at least.
I think you will get firm allottment even if you bid for minimum. Company is good for long term but listing gains will be negligible at this price.

shipping corporation
price band fixed at 135 to 140 todays closing price is rs 144.75 and low of rs 141 todays
i have changed my mind and i am not applying for single share i thought the rate should be rs 120 to 125 i am not happy with rate the govt has fixed
blastic rates have come down and price may still come down after the issue or after listing when there will be selling presure when the new share come
it was only trating below rs 100 but has climbed due the fpo to rs 150
good luck

SEBI should fix minimum ipo invest amount rs.50000 for retail investors, because below this amount retailers are playing like 1 no. Lotory.

applicatin price for rupee 2lac is= 3500/-

Extremely overvalued. Better avoid as we did for CLL. They will then revise price band to 95-105

Price band 135 to 140 very high, fair price band should be 80 to 85.

Shipping Corp sets FPO price band at Rs 135-140/share


http://www.moneycontrol.com/news/ipo-issues-open/shipping-corp-sets-fpo-price-band-at-rs-135-140share_501656.html

Better go and select a good script in secondary market....In place of applying in this..as it's very expensive

There was some errors in DHRP of PSB and SEBI asked to file new RHP. Now they have to wait atleast a month. Also 3 of 5 SAIL's independent Directors will retire on 31 dec so govt has to prepone SAIL. Indian Oil on other hand is biggest FPO/IPO ever and govt want to loot and cash in before market crashes to below 5000 levels. PSB will sail through anyhow whenever it will come.

Pratik
go and check the bse website about sci

@ Ravi,

at 133, for nominal gains of rs 10 and when so many ipos floating around I'm not putting my money on SCI.

@ Hiren

Hind Cop will now come after SAIL and Indian Oil FPO somewhere in end of Jan. Also Punjab Sind Bank is likely to come in Jan mid/start Feb now.