The issue price will be Rs.95 only. Because in Retail it is just 0.2 times. They cannot fix some higher price as they want. QIB and HNI oversub does not mind. Retail is the important factor while finalling the issue price.
what is post issue modification period? My online application got rejected due to some issues with online transfer.... What to do now? Is it possible to reapply for the IPO since post issue modification period is 29th MAY... please let me know...
dear amar, this good and real thinking by you..i m sure that whoever applied in this ..IDR..is bound to get something on listing..to my mind nothing too loose by applying in this ..IDR..GOOD LUCK TO ALL WHO HAS APPLIED
This mail reason for low subscription from QIB is that, insurance companies and some FII's are not allowed to participate in this IDR issue.
Many of the Retail Investors are scared to apply to this issue, mainly because of bad experience from JP Infra, SJVNL and Nitesh Est IPo's.
But the real positive is that Standard Chartered is a high Quality Bank, with no exposure to any kind of bad debt in US or Europe. It is a unique kind of bank with limited risk and well diversified bank. IT is the first IDR getting listed.
People who have applied for this IPO will certainly get the stock at Rs.95, which will to close to 20% discount on the Euro and Hongkong stocks.
We all know what happened in case of REC FPO. Every body were scared because of NTPC FPO's bad debt. But REC listed with 20% gains...
There will certainly be gains in this SCB IDR issue. Best of luck for the people who have applied and see some sweet gains on the day of listing!!!!
POST ISSUE MODIFICATION PERIOD FOR STANDARD CHARTERED BANK IS 29/05/2010 IT SEEMS THEY HAVE NOT REDUCED THE RATE UP TILL NOW SUBSCRIBED 1.38 TIMES LAST MOMENT SOME BODY HAS PUT MONEY BEFORE THE BANK COULD KNOW THE SAME THE HAVE EXTENDED THE PERIOD
Guys, apply at lower band. We will get the shares at Rs.95. This is very good price and at a discount of 20%. Certainly there we be gains of 5 - 10% minimum.
Don't expect that the price will fall....It's a fundamentally sound bank. Go for it and reap the benefits!!!
Retail Investors Apply through ASBA with price bid at Rs 100/-. Will get the shares at Rs 95/-. Shares are trading at LSE today at 14:00 hrs at 1656 GB Pence. At Rs 95/- there is a factor of Safety of 15% below the CMP on LSE.
If price is set at above Rs 100/- your money will be unblocked within 12 days.
TULSAYANI IS ALSO NOT RELABEL HE HAD ASKED TO APPLY AT RS 100 BUT AT THIS RATE EVEN FINANCIAL INSTITUTION ARE NOT APPLYING THIS MEANS THEY DO NOT AGREE TO HIS VIEWS FOR THE VALUATION OF THE BANK THAT MEANS AT RS 95 LESS 5 PERCENTAGE THE ISSUE WILL BE ATTRACTIVE ONE MAJOR POINT IS INSURANCE COMPANY CANNOT APPLY AND BANKS ARE ALSO NOT INVESTING IN THE IPO BECAUSE THERE WILL BE AN COMPETITION IF THE ISSUE GOES THROUGH AND STANDARD CHARTERED WILL OPEN MORE ATM AND LESS BRANCHES TTHANK YOU GUYS FOR NOT INVESTING TO BRING DOWN THE PRICE ISSUE TO RS 95
Following Wareen Buffet's advise of being greedy when others are fearful I will advise people to subscribe for the issue at lower price band of 100(95 for retail) to take advantage of arbitrage oppurtunity of 5-10% price difference from London Listed share.