It is clear that NR allotments have been at much lower price than R allotments. Even with 5% discount, retailers have not gained anything in these OFS. Many must have lost heavily. The higher allotment price for retailers is becathey put in the bids at higher rate.
I would advise retailers to put in bids at Floor price only so that there is some margin of profit left. It may be that subscription may be more than allocation. In that case it will be a lottery which is far more better than all of us making a meager gain at the cost of huge risk & loss
OFS of IOC is open for subscription on Monday.
Check out details of previous OFS as below:
08.04.2015 - REC: FP-315, NR-allotment 327.2, R-allotment 333.3, LTP-254
27.07.2015 - PFC: FP-254, NR-allotment 254.1, R-allotment 261.9, LTP-228
21.08.2015 - DCI: FP-382, NR-allotment 382.0, R-allotment 393.1, LTP-381
FP=Floor price, NR=Non-retail, R=Retail, LTP=Last traded price
It is clear that NR allotments have been at much lower price
than R allotments. Even with 5% discount, retailers have not
gained anything in these OFS. Many must have lost heavily.
The higher allotment price for retailers is becathey put in
the bids at higher rate.
I would advise retailers to put in bids at Floor price only so that
there is some margin of profit left. It may be that subscription
may be more than allocation. In that case it will be a lottery which
is far more better than all of us making a meager gain at the cost of huge risk & loss