After 5 % discount price will be 114, if listing is approx at fair value of 135 , per share 20 rs gain is expected. If issue over subscribed like MOIL, for 1 full application approx 50 shares (approx 1 lot) may be issued, so effective gain will be 1000/- on 2 lac application? What is the expert opinion?
After 5 % discount price will be 114, if listing is approx at fair value of 135 , per share 20 rs gain is expected. If issue over subscribed like MOIL, for 1 full application approx 50 shares (approx 1 lot) may be issued, so effective gain will be 1000/- on 2 lac application? What is the expert opinion?
Punjab & Sind Bank IPO is not even half the size of MOIL IPO.
If everyone who applied for MOIL IPO also applies for Punjab & Sind Bank IPO, half of those who submit full applications won't get any shares and other half will get 1 lot.
No one is really going to make any money from this IPO.
Quote:
Originally Posted by indi007
Can you help in profit from IPO FINANCING with example?
You shouldn't borrow money to invest in such small IPOs. Your interest cost may be higher than your profit from your allotted shares.
Punjab & Sind Bank IPO is not even half the size of MOIL IPO.
If everyone who applied for MOIL IPO also applies for Punjab & Sind Bank IPO, half of those who submit full applications won't get any shares and other half will get 1 lot.
No one is really going to make any money from this IPO.
As MOIL Refund will be back on all investors account before closing of Punjab & Sind Bank IPO, Also no other good IPO in pipeline, hence even if people know that profit probability is nil still heavy rush will be there.
Is there any probability that, in case of too much over subscription at least many people will get less than 1 lot or 1/2 lot on full application?
Oversubscribed at the end of day 1. Whats surprising is Employee Quota is subscribed by half already which never happens. COAL INDIA effect if you ask me.
I have submitted one phyisical application (full). But it looks stupid to block that much amount for the tiny gain in sight. What will be the implication if i block the cheque?
Even 33 lots, means 1650 share application have rare chance for 1 lot allotment , why you used single lot in 3 accounts rather than 24 lot in single account?
Even 33 lots, means 1650 share application have rare chance for 1 lot allotment , why you used single lot in 3 accounts rather than 24 lot in single account?
Bad experience of MOIL makes me greedy to apply with different DP's. Full applicant and tiny applicant got same quota in one applications. If you saw last few IPO's Karvy gives full allotments to tiny applicants.
So as my view I get much better quantity with more Demat Accounts.
Nope, there is no such limit for employee. What's your source ?
Page 407, 408 of the RHP:
Quote:
Bids by Eligible Employees
The Bids must be for a minimum of [*] Equity Shares and in multiples of [*] Equity Shares thereafter,so as to ensure that the Bid Amount does not exceed Rs 2,00,000.
Originally Posted by Atiker
Nope, there is no such limit for employee. What's your source ?
Quote:
Originally Posted by Alchemist
Page 407, 408 of the RHP:
Quote:
Bids by Eligible Employees
The Bids must be for a minimum of[*] Equity Shares and in multiples of[*] Equity Shares thereafter,so as to ensure that the Bid Amount does not exceed Rs 2,00,000.
Ohh, earlier there was no limit for employees,e.g TCS IPO in 2004.
Ohh, earlier there was no limit for employees,e.g TCS IPO in 2004.
That's true.
Even I didn't know that now there is a limit for employees.
Maybe it was scams like those in Pyramid Saimira IPO that made SEBI change the rules.
Quote:
During the probe, Sebi found that these bogus employees had worked at the company from August 2006 to early January 2007. The company floated an IPO in December. Moreover, the people who were allotted 98.5% of the shares reserved for employees, sold their shares within three days of the allotment for Rs 2.3 crore.
Given the way the MOIL stock behaved on the listing day - going down throughout the day - what should be the right approach for the PSB stock ?
Sell it off at 9-15 am on the day of listing ?
No one can predict what will happen. It depends on at what price stock gets listed. If the stock gets listed at the premium than fair value and people believe if it is not fair value then it may go down but you can not be 100% sure about that. Because many times stocks continue to trade above there fair valuation. So in short period anything can happen. In longer period fundamentals will determine price movement. But in short term stock can go up or down based on technicals.
Could not select "cut off" price because the hdfc online page throws a pop up that blocks the check box provided for 'cut off' .
This is my first time applying for IPO from HDFC online ASBA. The status shows "executed". but the amount is not deducted / blocked from my account. Is this how it should work?
This is my first time applying for IPO from HDFC online ASBA. The status shows "executed". but the amount is not deducted / blocked from my account. Is this how it should work?
Yes. The amount will stay in your account.
When you will be allotted the shares, only the cost of the allotted shares will be deducted from your bank account.
Allotted one lot of 50 in one full application and did not get any in the other full application nor in the 2 lot application. That's what happens when you apply for an IPO subscribed 44 times in the category I guess.
It is a good bank and I was able to value based on earning around 284.
All figures in crores
Interest Income = 3934
Non interest Income = 392
Total Income = 4326
Growth in income is 19% from 2009, which was half of 44% it did as compared to 2008. As 5 year data is available only I will assume average growth are of 30% in revenue.
Also, Interest Is major Source of Income, which means a traditional operation and profits are sensitive to market Interest rates.
Operating Expenses = 699
Which is 16% of Total Income and lowest among peers.
Interest Expense = 2750.
Which is 64% of Total Income.
The most important measure Interest Profit Margin is 30% which is same as ICICI and Lower to Axis Bank (43%).
The margin has dropped over past 5 years from 43% down now to 30%, implying it is losing its Pricing power of loans or is unable to get low cost funds.
Profit Before Tax = 666.
Thus. GPM = 15%.
More than ICICI, Same as HDFC BANK and Lower than AXIS Bank.
Finally Net Profit = 506.
with NPM = 12%
Better than ICICI and Lower than HDFC BANK and AXIS Bank.
I was able to put value as per earning as 284!
By doing Future Cash Flow discounting method, for 10 years assuming bank will grow profit at 10% rate.
Punjab & Sind Bank IPO
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I had applied for 33 lots (1650 shares).
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Linear Mode
