495. Chem cho| Link| Bookmark|
May 2, 2016 4:25:28 PM
IPO Guru (2500+ Posts, 2700+ Likes)
Those retail investors who were tracking QIB subscription for applying in ujjivan IPO have been trapped and so the retail participation was 2 times less ie only 3.67 % at 4.22 pm . due to this retail investors will get good chance to get allotment , people should do their home work and apply well in advance ,
FII are not allowed to participate in the IPO, since there is 49% cap of foreign investors in small finance bank, since ujjvan is a SFB now its max foreign holding can be 49%
Foreign holding is to be brought down as per new guidelines for financial institution (this is also one of the objective of IPO). So FII, I guess cannot participate.
488. Eagleye| Link| Bookmark|
May 2, 2016 4:07:00 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Ujjivan GMP 52 - 53 (No seller)
487. Eagleye| Link| Bookmark|
May 2, 2016 4:04:26 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Ujjivan IPO
Subscription: QIB: 34.33x NII: 136.25x RII: 3.67x Overall: 40.84x
No. of application (approx).: ~6,27,000 No.times of Applicationwise : 2.98x
I agree with you. the GMP will rocket now. I would suggest no one should sell now. People who have sold in GMP at Rs.40-50 will panic now because they will have to buy at much higher now to give delivery. No one was expecting this much oversubscription.