For Retail/ HNI: 22nd September - 27th September, 2010
Face Value Rs.5/-
Price Band: Rs.1230 - Rs. 1310
Lot Size: 5 Euity Shares into multiple of 5 Equity shares
Registrar: Karvy Computershare India Pvt Ltd.
Issue Size Rs.125 Crs and an Offer for sale of 26,53,383 EQUITY Sshare by India Advantage Fund I, Dynamic India Fund I, Rainbow Fund Trust, GLG Emerging Markets Fund And Passport India Investments (Mauritius) Limited
Issue:
QIB Book: (50% of Net issue size) Retail Book: (35% of Net issue size) HNI Book: (15% of Net issue size)
ONE SHOULD PREFER CAREER POINT OVER VA-TECH. BECAUSE CAREER POINT IS COMING BEFORE AND BEING SMALL IN SIZE ALLOTMENT WILL BE LESS. BUT GREY MARKET PRICE IS HIGH SO PER APPLICATION RETURN WILL BE REASONABLE.
AFTER ALLOTMENT 90000 WILL BE RFUND SO MONEY CAN BE USED IN ANY IPO COMING ON 1ST OCT AND HENCE MONEY CAN BE USED FOR ONE MORE IPO BEFORE COAL.
VA-TECH IS ALSO GOOD BUT IF WE APPLY IN THIS THAN WE WILL NOT BE USING OUR MONEY AGAIN BEFORE COAL INDIA. PLUS THERE WILL BE MORE ALLOTMENT IN VA-TECH SO BROKERAGE COST WILL BE HIGH IN SELLING.
CLEAR CUT ADVICE- APPLY IN CARREER AND IF STILL SURPLUS THAN APPLY IN EROS AND IF STILL SURPLUS THAN APPLY IN VA-TECH. ALL ARE GOOD ISSUES BUT STRATEGYWISE CAREER IS THE BEST.
Srini, Put 2 lakhs in Vatech in 2 accounts .Hold 1 lakh for Ashoka buildcon & techprosystem & Cantabil.By the time Microsec & Eros close we may get an Idea about the three Issues mentioned above.If till then we do not get any info you can apply for Eros & Microsec.