@Tejas Pandya@ipo.investor@Deepblue@Pankaj Kumar Srivastava@GNS@UjwalG and others. I wrote a mail to registrar and Tata Tech CS, and got confirmation that DVR shareholders will also be eligible to bid under TML Shareholder category. Attached here is the screenshot of the response.
What it also means is that those who want to buy afresh can consider even lower investment by buying TML DVR instead of TML ordinary shares.
Please ensure to inform to those whom you might have advised the opposite.
@Admin @ Chittorgarh.com request you to take note of my above post, and maybe even mention somewhere in the issue description.
Further, TML DVR is ultimately going to be swapped into ordinary shares in 7:10 ratio (probably next year). 7 TML shares for 10 DVRs. So there is an arbitrage opportunity there too. TML DVR has almost always traded cheaper than ordinary share considering the swap ratio. Plus DVR gets slightly higher dividend too.
Thanks man, I was looking for this exact info, read the entire addendum document but couldn't find clarity... you're mail/post has given a sigh of relief to many of us!
157.5. papon| Link| Bookmark|
October 5, 2023 7:25:08 AM
IPO Mentor (500+ Posts, 500+ Likes)
Why to take unnecessary risk for Rs 200. Tata motors dvr 400+ and Tata motors 600+. Friends go for Tata motors and stay tension free. What if you don't get allotment with Tata motors dvr? Keep complaining latter on.
Brokerage JM Financial have given ‘buy’ rating to Reliance Industries as it suggests a target price of ₹2,900. The brokerage said that the concerns on debt are overdone.
146.3. ipobull| Link| Bookmark|
June 12, 2023 12:36:56 AM
IPO Guru (1000+ Posts, 1000+ Likes)
Zomato and Nykaa
146.4. ipobull| Link| Bookmark|
June 12, 2023 12:40:37 AM
IPO Guru (1000+ Posts, 1000+ Likes)
@ Padalishwar, Instead of Reliance, had you purchased PC Jewellers 5 days back at 24, you would have been at 29 on Friday. Never purchase an elephant like Reliance unless you have fallen in love with it
Have you seen the momentum of Reliance. It doesn't matter big or small (elephant or rat) gain matters.
Some news are doing rounds in Reliance like IPO of R. Retail and listing of Jio finance. Hence buying is advised by many brokerages with tgt 2900-3100.
145.1. ipo share| Link| Bookmark|
June 3, 2023 1:55:27 PM
IPO Guru (1600+ Posts, 800+ Likes)
Kotak Securities in its article has mentioned that there might be shareholders quota. Has anyone read the DRHP and if there is any such mention, please update.
Open : 6-Jun-2023 Close : 8-Jun-2023 Basis of Allotment : 13-Jun-2023 Initiation of Refunds: 14-Jun-2023 Credit of Shares : 15-Jun-2023 IPO Listing Date : 16-Jun-2023