United Bank of India IPO Message Board (Page 25)

dont apply any PSU stock in near term because the govt. has lot of deficit and want to cheat the public. it is better not to apply if you think the company is good than brought from the market whaen it get listed, remember that will profitable. IN SHORT DON'T APPLY FOR U.B.I.

there is big fraud in this allotment procedure
some whare there is cheating because i applied 10 full
application no allotment to me

Among different brokerage report Capital Market is most reliable. IPO with rating 45 and above always outperform. So before investing in IPO next time pl go through Capital Market researh report which is available in Capital Market website.

dont worry chances are that u will not get any shares alloted & u will get ur totak amount refunded... but i recommend u to talk over the phone no given in application form/counterfoil & also send an email mentioned there stating ur applcn no, cheque no, dp etc u will get ur money

UBI IS A GOOD BANK OK

I have given this information to all of u, that REC will give good returns to every one on Feb 22, 2010 6:24:53 PM

So who ever invested in this FPO will get good amount of profit. Approx in between 215 - 225

Good Luck


Ng Feb 22, 2010 6:24:53 PM IST
Rural Electrification Corporation Ltd
NTPC has not performed well, now REC will definitely perform so that Govt. can attract Retail or QIB subscribers. Otherwise FPO will become flop show for everyone. So i am expecting good return from REC.

All the best

Under-subscription, if any, in the Non-Institutional Portion and Retail Portion would be met with spil over from any other category, at the sole discretion of our Company and the Selling Shareholder, in consultation with Book Running Lead Managers.

PRICE       Quantity(Lakhs)
215             21.40
210             3.40
208             10.57
207             221.20
206             1658.03
205             2326.01
204             447.63
203             663.88

QIB Allotment

PRICE       Quantity (Lakhs)
215             21.40
210             3.40
208             10.57
207             221.20
206             599.31            Out of 1658.03
Total            857
Avg Price Rs 206.52

77 % of retail (0.77 x 600 = 462 Lakhs shares) will be given to QIB at Rs.206 per share as per spil over clause. After allotting retail portion Avg Price will be Rs. 206.34

NSE Closing Price Rs. 212/05, FUTSTK March 25, Rs. 207.80, FUTSTK Feb 25, Rs. 211.85

Conclusion REC will give good return to investor

FOR THE ATTENTION OF SHRI,NARASIMMHAN
IT IS WRONG TO SAY THAT ASBA FACILITY IS AVAILABLE TO SBI CUSTOMERS ONLY. ICICI IS OFFERING THIS ASBA FACILITY FROM DAY ONE OF INTRODUCTION.

Intime is best than karvy than bigshare.

Dear mr. N narsigammam you have very poor knowledge ,ASBA is only for retail indivisual investors ,it is not for HNIs or QIBs.

Dear Sreedhar:

For two reasons, I do not agree with your suggestion that one should factor in the interest cost at bank rate, for the period from applying for an IPO or FPO offer, and receiving refund for shares not allotted.

Firstly under the ASBA scheme, your money remains in your account and earns interest at SB rate, till the share allotment is made. Then only is your money paid out by your bank to the IPO/FPO issuer, to the extent of the value of shares allotted to you. This facility is now available only to SBI customer, but should gradually cover customers of other banks as well.

Secondly, thanks to pressure from SEBI, refunds are being effected within an average of 15 days from the date of closure. You can bring down your interest cost by applying on the last day of an offer rather than immediately an offer opens. In any case, my view is that we should not make the interest cost an issue for consideration for applying for an IPO/FPO, in the context of reducing waiting period for receiving refunds.

A better approach would be to set apart a budget for investing in IPOs/FPOs and keep replenishing that budget to the extent it is utilised.

N.Narasimhan

I AM APLAYING 3 APPLICATION FOR 500+500+500 Shares HAppy INVESTMEANT

Hi 133. Saharanpuri AAP ne INFINITE COX & KING AUR JUBLIAN FOOD HOLD KIYE HAI LEKIN HAMNE HIGH K AAS PASS EXIT KIYA AUR ARSS & MAN TEXMO AUR UBI MEIN WO HE PESA SUBSCRIB KIYA ABHI DEKHNA HAI KYA HOTA HAI My Dear Friend Kabhi kabhi Profit booking is Best jaha acha Profit mile waha hold karna cahye Meine JSW ENERGY 118 pe Exit Kiya WO EXIT KARNA GALAT THAA ???? ES leya Profit BOOKING STOCK MARKET MEIN JARURI HAI I AM HOLDING AQUA LOGESTIC HAPPY INVESTMEANT APPLY FOR UBI

Dear Sreedhar,
Nice of you to remember me.I had been regularly following this wonderful n informative site.
I applied in REC at the last minute after sseing the flash on CNBC that QIB portion is oversubscribed 5.6 times & HNI 2 times.This oversubscription is my Ram Baan.Hence I applied at last minute.I am confident that its intrinsic value is around 240-250.
UNITED bank also seems to be agood bet ICICI Direct's recommendation is good sign.

I am still holding on to cox n kings,db corp,infinite n 75% of Jubilant Food.What abt u?

W

The EPS of the bank stood at Rs 2.34 in FY 09 as against Rs 0.95 in FY 08.

Mr Jeet,The interest rate for IPO financing is usually 11.5%-13% per annum.Lets for convenience of calculation assume it to be 12 percent per annum. Now HNI subscribed by 104 times say for easy calculation 100 times.So HNI who has applied for 1 lakh worth of shares will get only 1 thousand Rs worth of shares.Now as refund will be generally done 15 days after Issue closed we have to calculate 15 days interest which is 500 per 15 days.As HNI had got shares worth 1000 Rs & his interest cost is 500 so Issue should list by atleast 50 percent above for HNIs to again.Hence my calculation of 375-400 for Man Infra .

Sahranpuri,Welcome back .Nice to see your post after so many days.So you have applied for REC.I did not apply for it as I am uncertain about the market conditions.If the market stays at the same level definitely it will be at 215-220 giving a nice profit of 5-8 percent.Instead I went for Man Infra at full blast & hoping to make 4k per application with less risk.Less risk less return .

Never apply in UBI Ipo. Never. It will list at discount at around Rs.60/-.

Dear Ravi,Congrats to you too on your profit in NTPC & REC.Even though I was sure NTPC & REC will fall before & after FPO opening I did not muster courage in NTPC to short the futures,Instead I went for Hedging.But for REC I shorted one future & covered it yesterday.I did not apply for REC as I am not confident about the market.

HINDUSTAN ZINC le loo. silver king hai.