Listing Day rule is Equilibrium Price is determined between 9.15 to 10 AND Then if issue size is less than 200 crore it ia Trade to trade listing with 5 5 Circuit Limit AND If it is more than 200 crore issue then also CIrcuit Limit of 20% applies on either side
An Advise : Plz comment only if you clearly know the rules.Majority of People on this Forum only speculates and gives their minds views without bothering to recheck the fundas................
There are many good companies and I had bad companies listed outside as well. It depends how promoters behave. You can''t blame the whole bucket just becaof Satyam etc.
In order to curb market manipulation and speculation, SEBI has changed rules for newly-listed and re-listed stocks.
For IPOs up to Rs 250 crore in size:
- There will be a 1 hour call auction (9 AM to 10 AM). - A price band of 5% will be applicable (5% from the equilibrium price). - The stocks will trade in "Trade for Trade" segment for 10 days.
If no equilibrium price is discovered, the issue price will be used to calculate the price bands.
For IPOs greater than Rs 250 crore in size:
- There will be a 1 hour call auction (9 AM to 10 AM). - A price band of 20% will be applicable (20% from the equilibrium price).
If no equilibrium price is discovered, the issue price will be used to calculate the price bands.
For re-listings:
- There will be a 1 hour call auction (9 AM to 10 AM). - A price band of 5% will be applicable (5% from the equilibrium price). - The stocks will trade in "Trade for Trade" segment for 10 days.
T2T means no intraday trading ,u can sell only if u have delivery,and if u buy then compulsarily u have to wait untill shares get credited to u for selling
Those NII will be hit hard who availed financing. If they borrowed at 16% pa (though mostly brokers and NBFC still 205+297 interest on 205*250) to make any money.
Hence I won''t be surprised if it''s listed above 400 at least though I will be happy with 300+.
Typo error!! They need to make 225 on each shares. Or a listing above 430.
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April 24, 2015 12:02:10 AM
(4000+ Posts, 4600+ Likes)
I little confused with ur calculation say for 2 lakh it cost 16000 per annum so for two week it is approx Rs 1350 so if he get 65 share then cost per share is Rs20. If it cost 225 per share then he would have borrowed class to 22 lakhs approx. and get only 65 shares
I said about NII Category which is subscribed 250 times as I don''t think retail will take that risk of financing without surety of getting allotment. Multiply each shares issue price by 250 to get the value on which interest to be calculated for 10 days as funds will be unblocked on 28th.
SORRY! Interest rate reported by ET seems wrong and most other newspaper quoting 7-10% range for 10 days for HNI, which means listing above 303 at least necessary for them to make money.