Still do not see the demand as was anticipated. Septa, Eagleye: Do you still believe the market expectations on over subscription figures as mentioned earlier will still be met? Or is there any scaling down on the expectations. Kindly update, I am waiting for your response to apply.
How it may be best to apply for 1 lot per appln? the issue is oversubscribed > 1.86 times application wise and > 2.51 times shares wise for RII so may be approx same time basis shares and application for Retail investors.
which means most people have applied for 1 lot per appln and thus the chances are every third applicant may only get one lot !! in that case will it not increase chances of getting one let if some one applies for 3 lots per appln?
will appreciate your guidance in understanding above better as i am gonna put in my applications shortly now. Thanks
418. Eagleye| Link| Bookmark|
May 2, 2016 11:59:43 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Ujjivan IPO
Subscription: QIB: 1.06x NII: 2.80x RII: 2.51x Overall: 2.16x
No. of application (approx).: ~390500 No.times of Applicationwise : 1.86x
quick question for you both experts, I am considering for the Ujjivan IPO uptil now application wise the ipo seem to have got subscribed by > 1.6 times so the chances are most applicants may end up getting just one lot.. correct? and thus it may make sense to not to apply for many lots per application .. to increase my chances to get max possible shares.. i will apply from three accounts.. can you suggest how many lots to apply from each appln? i am thinking of 3-4 lots per appln. will greatly appreciate your prompt reply.
PS - I know you can only guide basis probability and actual allotment gonna be dependent on sheer luck coz they select basis lottery !!
417.1. Septa| Link| Bookmark|
May 2, 2016 11:57:55 AM
(4000+ Posts, 4600+ Likes)
Once issue is oversubscribed at application level single lot multiple application in name of family and friends is only strategy
Many brokerages have given a ''subscribe'' rating on the issue, saying the IPO valuation looks reasonable and the company has potential to deliver strong growth and return on assets, even after its conversion into a small finance bank.
Ujjivan is well placed to tap the opportunities as it has a sound management team with extensive experience in the banking and financial services space.
"Valuations, per se, are comforting us compared with other listed players."