Snowman Logistics Ltd IPO Message Board (Page 14)

Now this IPO is oversubscribed in retail portion. i have two (myself & my spouse) dmat accounts. i planning to apply from the both the accounts of Rs.200000/- each. Is it worthful for listing gains, plz kindly give me advise.

No, dont go for full application, rather you must go for single lots, becanew allotment norms says that allotment will be done on number of application irrespective of their size

chance of getting more allotment is only possible when retail subscription is less than 100%

Hi, I never applied IPO before. Could anyone here help me by pointing how to apply online.

YOU HAVE TO FIRST GET DP ACCOUNT. THEN A BROKER ACCOUNT FOR SELLING PURPOSE. FOR FURTHER DETAILS CONTACT ME ON 09868458258

Krishna M EPS figures and analysis in the link you have given is all wrong. I suggest you read the analysis of Dilip Devda in chittorgarh.com site to get a true picture. It is high growth sector and company so higher valuation is justified.

today''s subscription figure.

Retail 2.35 times subscribe
total 0.83 times subscribe.

Can i apply for 2 applications in different name from same joint bank account.

yes, as long as they have separate Demat account. Demat account is the deciding factor (not bank account)which should be different. Shares are kept in Demat account.

On the very 1st day retail portion is fully subscribed 1.15 times.
Out of 32.5 lacs shares , subscription figure is above 37 lacs.
Overall 0.57 time.

So no point in applying more than minimum lot. So now I''ll be applying 300 shares at cutoff Rs. 47 and wait for the lottery :-)

To make best of funds one should always apply in minimum lot as the weightage of minimum and maximum lot is same if issue is subscribed more than 1 time in retail portion.
In fact as per latest figures retail portion is more than 3 times on the first day. Excluding anchor investors it is 32500000. Retail is only 3250000. And retail is 9840000.

I think one can apply for Snowan IPO. There is a good chance of making money...

Whether safety net of Issue price of IPO for 6 months is applicable/available to the Snowman Logistics Ltd. IPO as provided by the SEBI in the past ?

Where to apply for IPO...please guide

Hi Guys,

I have talked to some of my operator friends in Rajkot. They are saying that on the listing day the price will double. So they are saying that Gujrati style of investing which means I have to open demat account in the name of my relatives and apply for max amount.

Grey Market Premium
Issue Name Grey Market Premium Kostak Price *(Minimum Application)
Snowman Logistics 22 to 23 (Buyer) 600 (Seller)

Just going through their Red Herring prospectus. There are lots of civil and primal cases filed against their group/promoter companies running into 100s of crores.
Any bearing on the company?

Law Update
A web place to find Corporate and other legal news and law amendments for Indian Jurisdiction.
Thursday, October 18, 2012
SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (FOURTH AMENDMENT) REGULATIONS, 2012 - Amendments in conditions of Public Issue
SEBI vide Notification No. LAD-NRO/GN/2012-13/18/5391, published on 12/10/2012 in Gazette of India, has notified certain amendments in SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 which prima facie intends to create necessary deterrence for the Companies and their intermediaries, who treat money raised through public offers as free money and with its mis-cheats public at large. The above said amendments have already come in to effect with its publication.

Amended provisions with respect to eligibility conditions of a public issue can be briefed as follows:
The limit of mandatory allotment to QIBs has been increased from 50% to 75%. proviso to Regulation 13(2)

Earlier companies desirous of bring public issues was required to have track record distributable profit for at least 3 out of 5 years, now it should have minimum average pre-tax operating profit of Rs. 15,00,00,000/-, calculated on a restated and consolidated basis, during the 3 most profitable years out of the immediately preceding 5 years. Regulation 26(1)(b)

In case of companies desirous of bring public issues, which does not have track record as mentioned above, it may make an IPO if the issue is made through the book-building process and the issuer undertakes to allot, at least 75% of the net offer to QIBs and to refund full subscription money if it fails to make the said minimum allotment to QIBs. Regulation 26(2)

It is pertinent to explain here in simple language that there is no scope of underwriting in such circumstance, wherein intended issuer is not eligible under Regulation 26(1) and hence opts for Regulation 26(2).

In case of an IPO, the issuer company shall have to announce the floor price or price band at least 5 working days before the opening of the bid. Regulation 30(2)

The announcement related to floor price or price band as stated above will be required to be disclosed on the websites of those stock exchanges, where the securities are proposed to be listed. Regulation 30(3A)

In case of IPO, the promoters of the issuer company shall have to contribute minimum 20% of the post issue capital. However if the post issue shareholding of the promoters is less than 20%, then alternative investment funds may contribute to meet such shortfall, subject to a maximum of 10% of the post issue capital. Regulation 32(1)(a)

The promoter’s contribution as stated above shall be locked in for a period of 3 years. Regulation 36(a)

In an issue made through the book building process under sub-regulation (1) of regulation 26, the allocation in the net offer to public category shall be as follows:
not less than thirty five per cent to retail individual investors.
not less than fifteen per cent to non-institutional investors.
not more than fifty per cent to qualified institutional buyers, at least five per cent of which shall be allocated to mutual funds:
Regulation 43(A)(2)

In an issue made through the book building process under sub-regulation (2) of regulation 26, the allocation in the net offer to public category shall be as follows:
not more than 10 per cent to retail individual investors.
not more than fifteen per cent to non-institutional investors.
not less than seventy five per cent to qualified institutional buyers, at least five per cent of which shall be allocated to mutual funds:
Regulation 43(A)(2A)

The minimum application size, which was earlier, used to be Rs. 5000 - Rs. 7000, has been increased to Rs. 10,000 - Rs 15000. Regulation 49(1)

The allotment of specified securities to each retail individual investor shall not be less than the minimum bid lot, subject to availability of shares in retail individual investor category, and the remaining available shares, if any, shall be allotted on a proportionate basis. Regulation 50(1A)

The red herring prospectus filed for making an initial public offer, further public offer or rights issue shall be updated on an annual basis by the issuer company and shall be made publicly accessible in the manner specified by SEBI from time to time.
Very important information for IPO applicants.
SIKANDAR

thank for message about IPO new law

Since the IPO is under Regulation 26(2) of ICDR, as company&rsquos average pre-tax profits in 3 of the 5 preceding years was less than Rs 15 crore,retail portion of the issue is very low, at just 10%, against the regular 35% portion size (QIB portion is higher at 75%). So, at the upper band, company is seeking to raise Rs 197 crore, and 10% of which is less than Rs 20 crore, or 1,000 retail applications of Rs 2 lakh each, is all that is needed for the retail book to sail through. Thus, retail portion being small, may see good participation, with probability of good over-subscription.

So retail has been given only 10% of issue size 42,00,000 lac shares instead of the normal 35%

What is the present rule for selling shares on the first day? What is the ceiling allowed? I am out from IPO market since SEBI fixes cap.

No, dont go for full application, rather you must go for single lots, becanew allotment norms says that allotment will be done on number of application irrespective of their size

i have two (myself & my spouse) dmat accounts. i planning to apply from the both the accounts of Rs.200000/- each. Is it worthful for listing gains, plz kindly give me advise.

You will not get more than one lot unless it is not subscribed fully in retail category. This is as per SEBI rule where each retail investor is to be allotted one lot if it is subscribed one time irrespective of the bid quantity. You will get more allotment only if it is not subscribed fully in retail category. If it is subscribed more than one time then there will be lottery.

Sebi done good job for bad ipo. For good/huge over subscribed ipo , sebi must have to allocate minimum 1lot to every aplicant or have to increase retail cota upto 40%.

While there is little doubt about the prospects for Snowman, given the growth metrics of this nascent sector and the potential, the valuation the company is asking is on the steeper side. While the lack of such options in the market could mean higher institutional demand after listing, at the lower end of the price band of Rs 44, the stock is valued at 23 times its FY16 estimates. The company should have left something for the investors. Uncertain about gains in near terms, may choose to Avoid.

SEBI HAS DONE GOOD JOB
OTHERWISE SEE ALL IPO AFTER 2010 ALL IPO 1/10 OF ISSUE PRICE
EXAMPLE SUDAR,A2Z,BROOKS,AUSTRALCOKE...