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icicidirect ASBA still not unblocked.
Any icici ASBA unblocked?
Yes me to .... no allotment to icici huh
Yes ,,I am also unlucky for both this and Snowman,May be some partialiaty to ICICI direct..I called to 18003454001 and got update.
I will not apply hence forth.just to block money for 20 days.Would have got 40% ,if I would have put it in NBCC
Issue size is very small. Hence it will be double the retial subscriptions of snowman. In snowman itself it was 1 out of 18 chances. Here no doubt even if it is 1 out of 35 :-)
Allotment chances are very very very .... slim
Do we know what percentage of shares is reserved for retail investors? In snowman logistics it was just 10%.
35% quota for retailers.
If you''re sure, then we have the following -
Number of lots overall = 7741885/85 = 91081
Lots for retail = 35%* 91081 = 31879
So we can expect 31879 allotees to get as many lots, valued at Rs 153 * 75 = 13,005, which is similar to Snowman (which was Rs. 14100).
This is considerably better than Snowman logistics, where there were only 14,000 retail allotees. However, it is quite possible that there may be more retail subscribers here.
Subscription at 6 PM:
Retail around 6 times:
Total Issue Size 1,91,72,024
Total Bids Received 1,14,80,88,150
Total Bids Received at Cut-off Price 4,16,16,180
No. of times issue is subscribed 59.88
Chances of allotment better in SHARDA as retail subscription is less. Max 7 to 8 times only
Applied for 4 applications of 1 lot each, alloted None....SAD :-(
As of 3 PM:
Retail around 4 times.
Total Issue Size 1,91,72,024
Total Bids Received 47,71,79,640
Total Bids Received at Cut-off Price 3,17,72,700
No. of times issue is subscribed 24.89
hindu business line: AVOID
Sharda Cropchem IPO: bewith problems, keep away
Read at below link:
Thank you very much for sharing the link. Business Line''s analysis are really very useful, all retail investors, pls avoid this IPO, they just want to loot from the Retail Investors.
1Qualified Institutional Buyers (QIBs) 22050000 32864100 1.49
1(a) Foreign Institutional Investors(FIIs) 2550600
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 16630200
1(c) Mutual funds 45900
1(d) Others 13637400
2 Non Institutional Investors 6300000 5180700 0.82
2(a) Corporates 1841100
2(b) Individuals(Other than RIIs) 3141900
2(c) others 197700
3 Retail Individual Investors(RIIs) 4200000 54335700 12.94
3(a) Cut Off 48172500
3(b) Price bids 6163200
Total 32550000 92380500 2.84
Grey Market Premium
Issue Name Grey Market Premium Kostak Price *(Minimum Application)
Snowman Logistics 22 to 23 (Buyer) 600 (Seller)
Since the IPO is under Regulation 26(2) of ICDR, as company&rsquos average pre-tax profits in 3 of the 5 preceding years was less than Rs 15 crore,retail portion of the issue is very low, at just 10%, against the regular 35% portion size (QIB portion is higher at 75%). So, at the upper band, company is seeking to raise Rs 197 crore, and 10% of which is less than Rs 20 crore, or 1,000 retail applications of Rs 2 lakh each, is all that is needed for the retail book to sail through. Thus, retail portion being small, may see good participation, with probability of good over-subscription.
So retail has been given only 10% of issue size 42,00,000 lac shares instead of the normal 35%