Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff.
RETAIL INVESTORS TO LOSE OUT WITH 10% ALLOTMENT.
The new SEBI guidelines are to the detriment of retail applicants.
All this time there were hardly any worthwhile new issues hitting the market.With many good issues about to approach with IPOs, retail applicants are going to be the losers.
Even when there was 35% reservation for good issues, the allotments were mostly ZERO.
You can imagine the position when it is reduced to 10%.
The reduction is without merit and needs to be protested by the retail investor community.
Please send mail to Email to highlight the discrepancy.
Otherwise we will not get allotments and will become fully a lottery scheme.
I have sent a mail as follows to SEBI for whatever it is worth.
We also need to bring this to the notice of the Prime Minister and the Finance minister.Else tata bye bye, IPO allotment.
You may only get allotments in DUD issues where the QIBs and NIBs have not participated.
SEBI has been changing the guidelines for IPOs to protect the interests of retail investors.
Particularly when they are not well informed about the risks of investing in an IPO.
With not much of past performance available particularly for IPOs from companies in virgin sectors, retail investors might lose out.
All this is very laudable.
But the new guidelines about the share of reservations to retail applicants, reduced from 35% to 10% is a retrograde step.Particularly when SEBI and all authorities are saying, retail investors must take part in IPOs.With only 10% reserved for retail investors, they will lose out to big investors of the QIB and NIBs.
How will they get allotment with huge over subsricptions expected in good issues?
This is to the detriment of retail investors.They will lose out on the opportunity of building a portfolio steadily over time.
Once the shares are listed and start quoting, it would have become expensive and they will have to stay away from them.
Only the big guys like QIBs and NIBs will make money by selling off the IPO shares on listing that SEBI so generously made available to them at the cost of retail investors.
With the equity markets looking up so many small/retail investors would want to participate in the IPOs.But they will be disappointed with regular ''NIL'' allotments and over a period of time stay away.
How will the new system of reducing their % shares help retail applicants when the issue is rated by rating agency and from a good background.Those are the issues that will get hugely subscribed and retailers will be disappointed.
Please revert to the old system wherein at least 35% of the issue was reserved for retail applicants.
You will be doing a favor to the retail investors.
NOT by reducing it to 10% which is a RETROGRADE step and will discourage them.
Please rectify the situation as more IPOs are lined up and retail investors need to participate in them and get allotment too.
This in fact has been the call of the Hon Prime Minister and Finance Minister, to whom this letter has also been sent.
why only 42,00,000 lac shares to retailers out of
4 crores share of total issue.
It is unjustified to retail investors.
Yes SEBI has changed the rule to protect the retail investor`s interest by minimising only 10% so that higher participation by QIB would strenthen the confidence of poor retail investors.
Why only 10 % to retail investors?
Is there any change in rule for retail portion by SEBI ?
Anyone aware of the new rule. Did not find anything by googling it.
SNOWMAN LOGISTIC KA ISTIME CHITTORGARH PE UPDATE NAHI HAI
snowman logistic min app kostak 550/-
snowman logistics''s premium ?
new ipo snowman logistic
price 44-47.open 26 aug. close 28 aug
IN THE LAST WEEK OF AUGUST 2014, WE HAVE MAIN LINE IPO FROM SNOWMAN LOGISTICS WHICH IS PLANNING TO RAISE AROUND RS. 195 CRORE. MORE DETAILS ASAP
Does anybody know about vadodara stock exchange share ??? Its available in demat account what should a buying prize??,
MY MONEY IS LOCKED WITH DHANUKKA COMMERCIAL IPO. IT IS TRADING BELOW ISSUE PRICE FROM THE DATE OF LISTING SEEMS TO BE WORST IPO I APPLIED. SO I AM SORRY TO THIS IPO.
Just go a sms issue is over subscribed....
premium is not very high .. I guess should do well... As all SME IPOs have done well
Not interested to invest SME IPOs, with high investment. Wait FPO for disinvestment of PSUs likely to come in October-14. May ready to subscribe. Assured return would likely to come as EIL, Powergrid FPO.
I APPLIED FOR DHANUKKA COMMERCIAL BSE SME IPO. AND NOW IT IS TRADING BELOE ITS PRICE OF Rs.10 FOR MORE THAN PAST ONE MONTH. ITS HIGEST RATE ITSELF IS BELOW ISSUE PRICE.
DEAR RETAIL INVESTORS THINK TWICE OR MANY TIMES BEFORE INVESTING. MOST OF THE SME IPO ARE TRADING AT LOW PRICE THOUGH THE MARKET IS AT PEAK
Dhanuka commercial lost its reputation . It is trading below the issue price for past one and half months. After listing in BSE
I just received a SMS on a SME IPO on Carewell Industries Limited. opening on 25th July 2014 ,IPO price Rs. 15 SMS says short term Rs. 30 Longterm 90... Does any know about this company any long term game planned in this company.. Pls. advise....
We always support such a small companies for growth of Industries, so that their growth will ultimately support the increase in Jobs for the new generation and our countries growth as well.
DEAR RETAIL INVESTORS
I LOST RS 15000 IN DHANUKA COMMERCIAL SME . SO BEWARE OF BSE SME IPOS.
BEWARE .....DHANUKA COMMERCIAL IS TRADING BELOW ITS ISSUE PRICE . BETTER NOT TO INVEST IN ANY SME IPO
ISSUE PRICE IS RS.10 LAST TRADED PRICE IS 8.90 . -11%