Shree Pushkar Chemicals and Fertilisers Ltd IPO Message Board (Page 9)

We can not predict the gain but at least find the intension of company why they raising funds.some times bad companies do sucessful in convincing investors that they r good and we do invest them.
By the way I invested in ioc and got full allotment even enjoyed the profits.
This chemical company wil b on premium due to three reason
1-special chemical manufactring
2-low crude prices
3-optimum opreating margins
Chemical plants have huge operation margins
But this script is not a long term play.

FORTUNE FAVORS THE BRAVE:

Nobody knows how the market moves.
Between the IPO subscription and the allotment / listing there is a time gap. If unfortunately there is a market collapse like the one we saw on Monday, sheer bad luck.

Monday was the OFS of Indian Oil Corporation.
It was a good issue with sound fundamentals.
However the market collapse un-nerved everyone and all of us shunned the retail portion with a 5% discount.Retail portion was under subscribed.You could have got any number of shares you wanted or applied.
With the 5% discount, the price would have been around Rs 368/-.
Everyone expected markets to fall further and selling pressure in IOC on listing.
It shot up to plus Rs 400 and even today it is at Rs 410/-.
Anyone who stuck out his neck made money.
WE watch too many TV channels and on a bad day, they will be doom sayers. When the market rebounds, they will parrot the virtues of India and what to buy.

Similarly IPOs oversubscribed doesn''t mean good listing.
Evaluate and take some risk to make profits.

Remember IPO is not one way route to mint money.

Al the best....

Agree.. how is your feeling on ''Shree Pushkar Chemicals and Fertilisers''

Hi Bangalore King,

I feel Shrre Pushkar is a decent issue.
Profit margins are good. Both forward and backward integration happening.
One aspect is the small size which can swing prices either way.
Being small operator can take it up easily.
On the other hand big investors like FII,MFs may feel concerned about low equity base which may make it difficult to sell in large numbers as price will collapse.

There is no link between over subscription and share price on/after listing.
Look at Manpasand, PNC Infra etc.Very attractive returns for applicants who held on for some time.
Confession: I had applied for Manpasand. Also applied for Shree Pushkar in several family Ids.
One fundamental rule is that if the market does not behave the way we want to, don''t get un-nerved.Shrug it off and move on.
It is a game. The more you practice the better will be your game...
If we lose money, console yourself that it is the fee we paid to get experience. Even Warren Buffet has made mistakes in his picks.
If 6/7 hits out of 10 are positive you are fine.
All the best.

For chemicals and fertilisers lower crude prices are going to bring down their raw material cost and its numbers would definately improve going forward. it should have a better quarter.

If ur only for listing gains then u should cancel ur application as nobody knows the market mood on that particular day....but if u can wait some time...I mean 15-45 days then there should be some gains....so take your call

I have applied 4 applications thru Kotak sec ASBA
Funds are not blocked immediately
Funds are blocked only after 7 days
My applications will get cancelled if there is not enough balance in accounts
subscription figures are not at all convincing
My question is should I cancel all my applications or there is a probability of listing gains

Nobody can be sure of the listing gains.......it depends on the day of listing how is the market condition....but I will be say company is ok....
Disclosure: applied for only 2 lot since it is a small cap it can go anywhere considering the market condition.....and will book profit at a premium of 5-6 rs.

Yes Mr.Septa......allotment will be at 65...

Sure shot premium on listing.
Applied at cut off.

hi Atul

Any reason for your confidence ? I also did 4 lots and so checking.

Looking at retail application majority on them have applied at cut off close to 90% so allotment could at 65 for retail investor retails was oversubscribed by 1.54 times
http://www.nseindia.com/products/content/equities/ipos/ipo_current_spcfl.htm


SHREE PUSHKAR CHEMICALS AND FERTILISERS LIMITED
Sr.No.      Category      No.of shares offered/reserved      No. of shares bid for      No. of times of total meant for the category
1      Qualified Institutional Buyers (QIBs)      5737705      5576600      0.97
1(a)      Foreign Institutional Investors(FIIs)            1538600      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            200000      
1(c)      Mutual funds            2638400      
1(d)      Others            1199600      
2      Non Institutional Investors      1721311      3599400      2.09
2(a)      Corporates            2748000      
2(b)      Individuals(Other than RIIs)            851400      
2(c)      others            0      
3      Retail Individual Investors(RIIs)      4016394      6201200      1.54
3(a)      Cut Off            5638200      
3(b)      Price bids            563000      
Total      11475410

Total RII Quota was 4016394 total applied 6201200 and 5638200 at cut off which is more then RII quota so allotment will at 65 per share for retail block at least.

So people who applied at below cut off will not get allotment is this correct

What do you think Mr. Septa ji....

As cut off price bids and 65 price means one and the same thing and bids received at 65 are above the no. Of issuing shares,so allotment will be at 65,this is my understanding goes

Final details

Total Issue Size      1,14,75,410
Total Bids Received      1,52,09,200
Total Bids Received at Cut-off Price      54,70,200
No. of times issue is subscribed      1.33
not sure what will be the discovery price but those who applied at cut off price will get allotment for sure approx 48% application was at cut off price

Septa ji I applied at lower band 61, is there any chance I will get shares allotted?

It all depends on the discovery price of the discovery price 61 then u should be in running for allotment however it again depends on lottery

I HAD APPLIED 1 LOT IN SHREE PUSKAR CHEMICALS AS CUT OFF . BUT LOT OF BIDDER APPLIED THE SAME IN RS 61.00. WHAT DOES IT MEAN IF THE PRICE IS DECIDED BELOW 65 THAN WHAT HAPPEN TO WHOSE WHO CHOOSE CUT OFF. PLEASE REPLY

i mean balance amount you will get back ..

I agree with Septa. Nice explanation. Most probable listing price is 61. As retail subscription is just .48 or something everyone who applied as much as he applied will get that. No problems here. Now listing would be interesting.

Total Issue Size       1,14,75,410
Total Bids Received       1,45,44,000
Total Bids Received at Cut-off Price       48,13,000
No. of times issue is subscribed       1.27

As 4:30 pm
QIB .98
HNI 2.08
Retail 1.27
Total 1.24

Septa Why r u confusing. Make it clear how many subscribed.

Did not APPLY.

Just applied 1 lot

At 3:30 pm 1.1351 times

Hi Septa. Does it mean those who applied for minimum (200) will get full allotment? Kindly share your knowledge. Thank you.

.71 times at 3:30pm

That was pennar