@ ipoguru where how did you get the subscription details. From the NSE website I know that it got subscribed 26.99 times. But where to get the subscription in retail category??
Dear Bhupinder, The interest cost for HNIs for IPO funding is about 12 percent per annum.Most HNIs take this funding for applying to IPOs.The period for the funding is about 15-20 days depending on refund date & time of application & closing of the funding.In Man Infra case HNI subscribed by 104 times.So for application of 1 lakh worth of shares the HNI will get less than 1000 Rs .Interest cost works out to be 500 for period of 15 days .So for the HNI to gain in the IPO he needs Man infra to list atleast 50 percent above issue price which works out to be 375.
can i apply through ASBA on behalf of some one else? i.e I have my SBI account where ASBA option is available. Can I apply on my sbi account using DEMAT details of my brother on behalf of him?
DONT EXPECT RETAIL OVERSUPSCRIPTION OF LESS THANN 8-10 TIMES, GOOD ISSUE, TOO MUCH ON THE TABLE LEFT, SAFE BET, CAN'T GO BELOW ISSUE PRICE AT ANY CIRCUMCTANCES. APLLY @ CUT-OFF AND PAY @66 NOT 63 FOR FULL APLCN AMT.COMES TO RS.99000/- U MAY BE ALLOTED 120-150 SHARES & LISTIN OR OTHERWISE IN FEW DAYS IT WILL TRADE AT ITS AVB WHICH IS RS.100 OR CLOSE TO IT......