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ASBA removed on 20/2/2013 evening.
Just 9% subscribed in retail category till 1pm
If I apply for 60 shares (CARE IPO) from one DMAT account and for 60 shares from another DMAT account, then I dont breach the overall limit of Rs. 2lakhs. Then also I will not be allotted any shares and both my appllications will be cancelled?
why dilip davda is recommending it as an ''AVOID'' while CRISIL has rated it 4/5?
Because, chanes of getting shares will be fair. Issue may subscribed 1 to 1.5 times in retail category. Return in IPO issuues is directly proportional to oversubscription.
CARE will be good IPO, where oversubscription in retail may hit 12-15 times. If you apply for 120 shares then only you can expect 20 shares.
Further Please be careful. If you apply for an amount of Rs. 1.00 lac and above, data automatically goes to Income Tax Deptt under Annaul information report(AIR). If you apply for an amount of Rs. 1.00 Lac and above, pl ensure that you are declaring in your IT Return, failing which, taxmen may knock at your door for some unpleasant questions.
Grading is a view on the fundamentals of the issue, and is not a value judgment. In many cases, Grading is out even before the price band, as grading has nothing to do with valuations.
So, if an issue is graded CRISIL 4/5, all it means is that it has above avg fundamentals. While experts'' opinions take valuation also into account.
5% dicount to retail investors. i.e. issue price Rs.228 for retailers for upper limit