SBI CARD ON FIRE IN GREY MARKET 2500 PER APPLICATION
357. sree vas| Link| Bookmark|
December 3, 2019 4:04:43 PM
Top Contributor (500+ Posts, 100+ Likes)
i bought today bajaj hindusthan sugar@6.3, may be it will grow by the time bajaj energy ipo comes
357.1. Pandit Ji| Link| Bookmark|
December 3, 2019 4:16:08 PM
Top Contributor (400+ Posts, 200+ Likes)
Its a junk share, dont expect the little one do wonders, when the parent itself is a dud, who knows the IPO may have difficulty in sailing through because of pedigree
356. G.kumar| Link| Bookmark|
December 3, 2019 2:05:48 PM
IPO Guru (1000+ Posts, 700+ Likes)
can i aplly from sbi asba for Mr. A demat(13 lot) and 1 lot for Mr. B Demat
Looks most of the applications under SH category or for multiple lots;in which case, going by current trend of subscription, all the applicants in this category will be allotted at least one lot each.
I called up one of the registrar (from red harring document) and she told me you can apply 14 lot that is 5600 shares. You can also call to one of the registrar. They have given contact person name and phone number in prospectus - red harring document.
352.1. AhireR| Link| Bookmark|
December 3, 2019 8:05:42 AM
IPO Mentor (800+ Posts, 1000+ Likes)
No dear.. U can't..Apply in any one category..preferably SH..
352.2. abdixit| Link| Bookmark|
December 3, 2019 10:09:02 AM
(200+ Posts, 300+ Likes)
Ashish : Yes you can apply in both category.
Below are the rules to follow :
1 application either in retail or HNI category. 1 more application in shareholder category allowed, if you were shareholder on 22nd Nov. If you are confused, just apply. No harm.
Also I'll suggest you to apply maximum lot in Shareholder category. i.e. 14. There you'll have maximum chance of allotment.
In HNI, if you apply for 20 lots, maximum you might get is 1 lot. That also depending on your luck.
According to numbers shared in group, 14 lots in SH quota, you might get 7-9 lot.
So 1 application in SH + 1 application in HNI OR 1 application in SH + 1 application in Retail.
pls dont apply it is a waste of time we wont get allotment in hni as expectation of oversubscription is around 400 in HNI small issue total 750 crores only
352.4. AhireR| Link| Bookmark|
December 3, 2019 10:37:24 AM
IPO Mentor (800+ Posts, 1000+ Likes)
@abdixit Don't misguide him..Just ans what is asked..He can't apply in both categories altogether...No need to shed more knowledge..
352.5. Pandit Ji| Link| Bookmark|
December 3, 2019 10:43:48 AM
Top Contributor (400+ Posts, 200+ Likes)
abdixit is right, you can apply in both categories I would advice to apply max in Shareholders Category and 1 lot in general category
352.6. AhireR| Link| Bookmark|
December 3, 2019 10:46:14 AM
IPO Mentor (800+ Posts, 1000+ Likes)
@pandit ji There is a diff between general category and HNI..U can apply in SH and gen cat together but U can't in SH and HNI together..
352.7. Pandit Ji| Link| Bookmark|
December 3, 2019 10:48:32 AM
Top Contributor (400+ Posts, 200+ Likes)
I meant SH and general and not HNI, Then you are right AhireR Sir
depending on So many things Retail in multiple accounts application? Fund infusion? Size of retail participate? % of allocated in hni/retailer
346.4. DownriteVJ| Link| Bookmark|
December 3, 2019 12:31:33 PM
IPO Guru (1400+ Posts, 1200+ Likes)
When there is high subscription in HNI, taking a chance in retail has better chances.
In HNI, you usually need more than 25-30 lakhs (for a good IPO) and then you hold a chance. Higher the subscription goes higher the amount of application be. Forget applying at 5-10 lakhs in HNI. Waste of time and application.
If we have even 1 share of ujjivan financial we are eligible to apply in share holders category or is there any limit like should hold min of 20 or 50 shares?? Please clarify
Please wait for final dates and price range. It will be very big issue. All will get allotment (minimum lot). History says big IPOs is not giving good returns on listing day because of high no. of floating stocks.
Some of my observables:
- Tentative price range and Grey market premium looks very high. - No listed peers available in India for comparisons. - Need to compare peers from international markets. - Last ipo - SBI Life's return was not good.
Don't buy in grey market. GMP and kostak looks very high. Wait for final announcement.
I am asking don't buy in Grey market because GMP looks high.
If GMP reaches 100 then don't think sell all. At present GMP is around 60. You can wait or sell some portion.
We have more than one and half month. GMP will depend on over all market condition also. Finance minister is also going to start meetings with different industry leaders for next budget. Next budget is due on 1st February, 2020 almost same with listing time of SBI Cards. Industry is expecting more from Government in budget. Some positive talk in prebudget meetings will make positive environment in overall market for next 2 months.
Dear Uchit 2010 Coal india came at price of 236 for retail it discovered at 303 and trading whole day above 305. Issue size is 14k Cr. Your intention is correct dont do grey. But we can apply and list well. This is the first company to list India. So first mover advantage and fancy is there in this counter. Grey trading above Rs.150 premium.
Agree with Rajkumar..Similar was the case of HDFC Life..an IPO of 8000 cr showed good momentum on listing day itself..With a CAGR of 20%+ SBI card can give multifold returns over the years as well as on listing..For listing gains w'll have to see the pricing and response from Qib's and Nii's..