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if we consider 350000 application in retail then
150 for 300000 applications(after rejections and price bids) comes to be 45000000 shares, then 230000000 shares will be left for more allocation that means approx 766 more shares will be allotted. Total no of shares will be 150+766 approx
Sg...Retail quota 24 crore shares. No of application say 3.9 lakhs...allotment @150 to each will take away 5.7 crore shares...balance18.3 crore shares. Oversubscription is 2.1...so demand was for 50 crore shares (24=2.1). Balance demand 50-5.7=44.4 crore shares.... balance available is (24-5.7) 18.3 crore. Ratio of 18.3/44.4 is 41%.
So for 2250 share applied they will get 150+ (2250-150) *.41 that is 150+820=970 shares.
For other category it will be 150+ (no of Shares applied-150)*.41
As per the data then , What are the chances for 2250 application
i am sure it wont go beyond 700
What does your analysis say?
Allotment against 2250 shares will be around 1000 shares.
total no. of bids is 389142, i got sms from edelweiss ......
Other thing according to me is for 2250 Applied the allocation would be 550 to 650
No of applications according to me is around 600000 under retail
I have applied in 3 minimum forms (150 shares each). Will I get confirmed allotment.
you may get 150 shares in each application
Would like to konw whether any allotment would be given for retail bidders who have applied for FPO at the lower cut off level of 85.
If final rates are decided 89.50 or less then only considering discount of 4.50 appl for 85 will be eligible for allotments
Bolo Tarawa. Where r u." .
approx no of bids in fpo 389142
I am asking the same question to you....is the no total no of applications in Retail category alone????
I have no idea of applications made . But one thing can assure you NII+QIB total applications will be less then 1000 (one thousand ) only. Issue closed on 6th night around 9pm . 7th & 8th holidays , su u should for a day or two to know more details. Also the allotment will be declared by 18th
total no of bids in fpo 389142
Sg.....Is 389142 the total no of applications of all categories or only that of Retail? Please confirm, I want the total no of applicants in the Retail category.
Sg...and...Unlisted.. Where from you got the information on the number of applications?
sg and unlisted r not sure seems about number
Retail allotment will depend on how many applications are there. We do not know that. Unless we know that we can''t work out how much will be the allotment for those who have applied for 2250 shares. First allot all the applicants(Nos we don''t know!)150 shares each, then deduct this from the Retail quota, then proportionately distribute to others.
Can anybody provide that vital information..how many applications?
Keeping the fear factor of previous IPOs in view & also most investors now know about new SEBI ruling on allotment, a large no. of investors must have applied for 1 to 3 lots. As such, don''t expect more than 450 shares in any application.
HOW MANY ALLOTED SHARE IN APPLICATION OF 1050 SHARE PLZ ANS ME FAST.
You will get around 500 shares
until you don''t know number of applications in retail segment, you can''t judge appx number of shares to be alloted...
I have applied for 1200 shares (Retail) in Power Grid FPO.How many shares will be allotted to me?I wish to sell in grey market before allotment.let me know how to sell?
ARUN,YOU R ON DOT REGARDING ALLOTMENT.......
BASIS of allotment to RETAIL
As per new rules allotment will be done on basis of applications received.
Retail quota is 27.44 crore shares.
Suppose 10 lac application are made , so first all applicants from 150 to 2250 share will be allotted 150 shares each . This will consume 15 crore shares .
Left over of 12.44 crore shares will be proportionately allotted to applicants of. 300 to 2250 shares category.
One should not presume allotment as per old system I.e. For 2.4 times over subscription in retail 1000+shares to 2250 share application and make any advance deals. It may be 700 to 800 shares also.
One more interesting situation , suppose 18 lac application received then all applicants 150 to 2250 will get only 150 shares . This happened in CARE where all got 20 shares only though retail portion was only around 6 times oversubscribed
Hi Arun, I got a feed back that 39 lakh applications.If so 5.85 crore shares will have to allotted @ 150 to each. Balance is 21.6 crore shares.27.44*2.17 (Oversubscription) is 59.44 crores demanded. Minus 5.85 is 53.59 crores. Proportion is 21.6 devided by 53.59 which is 40%.
So people who have applied for more than 150 shares will get 150+40%* Extra over 150 which they have applied. So 2250 fellow will get 150+(2250-150)*.4 that is 150+840 that is 990 Shares.
Everybody can now work out how much they will get. Byeeeeeeee
See my message on IPO Grey Market Column. A small correction in that is that the no of applications which somebody on this column said as 3.9 lakhs. While the calculation is correct read 39 lakhs as 3.9
if 10lac application consumed 15 crore share than 39 lac appl. should consume 60 crore share i think so
an anyone tell how many shares will be alloted for 2lac application..I applied for 2 applications of 2250each via ASBA..for two family members
how many shares i can sell in FUTURE AND OPTIONS
750 each probably
Can anyone tell how many shares will be alloted for 2lac application..I applied 2250 shares via ASBA
Pls call me @ 9840277409 or Email if any one is interested to invest in current and forthcoming Bonds,IPO/FPO, NCD''s
- IIFL representative
how can i sell my 2100 share ASBA application
News as of 3rd Dec :
The buzz surrounding the follow-on public issue of state-owned Power Grid Corporation has revived activity in the grey market. Operators in this unofficial market are offering an upfront sum of anywhere between Rs 5,300 and Rs 6,000 to retail investors, who will get shares in the offer at a 5 per cent discount to the issue price. The issue, which opened on Tuesday and will close on Friday, has been priced in the band of Rs 85-90 a share.
About 27.4 million of the 78.4 million shares on offer have been aside for retail investors. The grey market rate depends on the size of the application a retail investor who applies for a maximum of 2,100 shares is getting as much as Rs 6000 for ‘selling’ the application form to the operator. An application falls under the retail investor category if the value of the application is less than Rs 2 lakh.
Grey market operators have worked out the rates on expectations the stock would trade at least above Rs 92 after the follow-on offer. The stock closed at Rs 93.75 on Tuesday.
So, if the cut-off price is fixed at Rs 90 — the upper end of the price band — retail investors would get the shares at Rs 85.5 apiece. Retail investors would get about Rs 6.5 a share, without any risk, if PowerGrid shares trade above Rs 92 after the issue. Grey market operators, mostly in Mumbai, Gujarat and Rajasthan, are looking to pocket this easy price differential that retail investors enjoy.
“In the short term, the stock is expected to retrace back to its pre-FPO level of Rs 110-115,” says Arun Kejriwal, head of Mumbai-based investment consultant KRIS.
An assumption these operators are making in offering these rates is that the retail category will get subscribed about twice.
“The issue size is big and it is unlikely that investors will apply aggressively to this FPO,” said an Ahmedabad-based grey market operator. “Even if we give investors Rs 6,000 per application, we can easily get Rs 2 a share after the costs,” he said.
For the operator, volumes are crucial. A profit of Rs 2 a share may appear paltry to an individual retail investor, but the profits run into crores of rupees for operators, becathey buy multiple applications.
These operators are also approaching retail investors to rent out their demat accounts for about 20 days for a fee. This is after Sebi last year said retail investors applying for shares in public offers would get assured allotment of a minimum lot.
pasting is too late as powergrid allready at 99 now