I think ER will be almost similar in retail(less than 2lac) and general(more than 2lac). Disclaimer: this is just my opinion by seeing shareholding pattern. I could wrong as well.
Today was first day of tendering https://www.nseindia.com/market-data/tender-issue-information?symbol=AJANTPHARM&type=Active
BB issue is 11.2 lac shares. And on 1st itself nearly 38 lac shares are tendered. Making the BB issue subscribed more than 3x on 1st day. But note that, for retail reserved category, not much shares were tendered. This high subscription is due to big investor (more than 2lac) tendering. You can see high numbers in QIB and NII.
@suneel: that information cannot be known in any buyback. Above link will show information about "Individual Investor" bidding and that contains retail investor (below 2 lakh amount) plus above 2 lakh amount investors also. So only retail category bidding can't be known.
KSRK sir, lokes and others - Are you guys still accumulating TCS or already bought completely ? I bought 7 @3870. Today at 3830 its more attractive but dont have much fund now. Will buy once Nucleus funds release. Still more 38 shares i want to buy. Thinking that on budget or after budget it might fall more. What do you think, will it go below 3800?
@ DuckkyDuck : i am buying from two accounts....i bought around 20 shares in both account around 3870 avg price, will add more if it goes down....will leave some room for addition after budget also else if no fall after budget then will add remaining 5-10 shares at whatever price near record date. it can go below 3800 like gone today itself, next week also, depends on market mood. but probably due to buyback, it wont do much down until 2 days before record date.
I also bought 20 Shares at average price of 3900/-. Thought of averaging more around 3700/-, however stock reversed from 3780/- Assuming we have funds, is it better to go in General Category or Retail category??. Since there will be guaranteed returns, asking this question. Anyhow after Adani Wilmar IPO, we may not have any good IPOs.
@suneel: for sure, retail category will have better acceptance ratio here as informed in my other post also in this forum. Promoters are also participating to good extent so general category will have much lesser acceptance.
Thanks @Lokes, If promoter is tendering his shares in buyback, then AR will be very less. If not, for stocks like TCS, general category will be much profitable.
Very good ER of 17.85% for reserved category. I guess now AR could be above 35%. That is also because current price and buyback price is a lot of gap. If that gap decreases AR might be more than 35%
Hi Admin, Please check HNI timing for ICICIdirect with bank. I used to apply at 2.50pm and it used to allow. But today, it didn't allow. Link was there but it said issue closed.
Disclaimer: this is just my opinion by seeing shareholding pattern. I could wrong as well.