Apex Frozen Foods Ltd IPO Message Board (Page 10)

whenever there is stake sell by govt I have seen the share price to fall below the offer price already as is evident from NTPC ..(trading at 167) ..what is the benefit in applying through ofs? in 2 days it will fall further.

True, I observe the same issue with last one Hindustan Copper. There is no benefit in ofs. You can get the same share below ofs price in couple of weeks later.

Issue size is very big 7000 crore. Retail investors will get allotment at cut off 168.
5% discount. Retail investors will get around 160. It looks good deal to me.

I am always making money in ofs when issue size is very big because i am getting share at cut off. Last time i made good money in NBCC, COAL INDIA.

I am not applying any ofs of less size 500, 1000, 1500, 2000 crore. In less size retail investors are doing aggressive bidding because of operator''s game. When size is small operators are playing big game but when issue size is big they cann''t do much.

What is the procedure to invest in this NTPC ? Do i need to buy directly from exchange ?

Place your order to your broker who shall put your bid in OFS window for NTPC either in NSE or BSE. Broker may ask for 100% margin of order value. Watch indicative price in exchange web site and may revise if required.

@Arpit: Today the issue is open for HNIs ( investmet above 2 lakh). Tomorrow retail investor can apply for OFS just like any IPO. I have checked HDFCSec there is option to apply for OFS along side any new IPO.

Should be applied for short or long term gain in this OFS of NTPC...??
As nothing could be gained in Hindustan Copper rather it was available in less of that offered price to retailer....????????

Please advise...

I think 168 is floor price not a cut off price.
Cut off price may be 170 or 175 or something else.
My query is that 5% discount applicable on 168 or cut off price.
And supposed one can apply on 175 and cut off price declair 170 he will get shares on cut off or get on 175.

Higher bidder get priority in allotment.

@Master Blaster: Correctly pointed out by you. It is an avoid for me. It will be available at cheaper price after the OFS period is over.

issue size is very big. 100% allotment in retail category at cut off price. 5% discount is already there.

The stock comes under pressure because people sell their holding at higher price & buy the same at lower price or in OFS

Uchit ji, any idea at what price we should place the bid for NTPC OFS looking at the current bids?

issue size is very big. 20% portion is allocated to retail. you can bid at 168. you will get full allotment. At 1:30 pm retail subscription is only 27% . For safer side you can bid at 168.25 or 168.50.

Hi uchit,
Should I bid at cut off price or bid at 168
What is difference

You can bid at 168 or cut off no difference.

Thanks Uchit ji

Thanks Uchit Patel. Seems to be good opportunity in NTPC.

I have applied for this as per your recommendation. My broker Zerodha allowed me to bid for 2lakh Rupees though I don''t have enough balance. It is mentioned to maintain the balance before the allocation of shares to avoid interest.

As I see you are very experienced in OFS.... Can you please advise how many days do I have to arrange for this 2 lacs in demat ????. Also comment if you foresee any risk in this kind of transaction.

Thanks

Thapan, As per my understanding zerodha will charge you interest at about 30% rate per annum and will give you may be 7-10 days to pay the amount.

Thanks for the reply, LoneRanger. The interest is shown as 0.05% per day.. which is 18.25% PA. And I am okay with that, in case I am not able to arrange for funds.

But... is there any other hidden risks like... shares not being allocated or some sort of penalty being imposed for applying without sufficient funds???..

As I have never tried this route for OFS.. Just want to know from the experienced people in the forum.

Uchit Patel

Very good information given on NTPC OFS.

All forum members must have benefited by your simple and logical message.

Must have received share at 159.60 and CMP 168.25.

If applied full quota in retail then easily made around Rs.10,000 gross in just 2 days.

@ Mr. Uchit Patel...
Thank you very much for your advise regarding OFS of NTPC for retailers to be applied at cut off price.

I had applied 1100 shares each through two applications and got full allotment at @159.60 INR.

Now please give your valuable suggestions regarding holding or selling those shares.As you are experienced of OFS shares...and booked good profit earlier.

I can hold it for few months too if required for an handsome return.....☺

Please advise....

As I have got nil allotment in @Apex out of 4 but happy with the NTPC OFS.

So please advise.....!!!!

On Monday we will see some pressure because retail investors will offload their shares. Pressure will stay for 2-3 days. It is advisable to sell part of shares and book profit. I will sell half at 170 next week and keep half for long term.

@ Mr. Uchit Patel
Yes you are right...????
Thanks....

NTPC OFS

Hello sir,
I had applied @ 169.5 and received 5% discount now after initial debit @169.5 from sbicap. So I received @161 after discount as per my trade summary.
Should I receive @159.6 i.e cutt off price due to low subscription or 161 is okay and OFS doesn''t work as IPO.
PLz do help me with my query so that I can contact SBIcap for issues of allotment.

I got with Zerodha+IDBI

Bro this has been the story...
Even my Zerodha linked with SBI..
I applied for 9 lots of apex got 0,
applied 13 lots of Cochin Shipyard got 0
applied 11 lots of Hudco got 0
everytime with SBI ASBA only.
So now I am used to it.
Don''t know is it just my luck or something additional...

CDSL

Zerodha+SBI 2/3 allotted.
u might have applied on the third day it seems. Probability of allotment on last day application is very low. Hence apply on first day itself don''t wait for subscription figures. Thanks.

People have this perception that if they apply IPO on the first day then they have better chance of allotment-------This is totally wrong.
All IPO application irrespective of applying date/time have equal chance of allotment and this is the reason HNIs wait till the last day for IPO application(as they want to earn interest on the rest of days)

@Gdhruv my cousin used to work with Kotak securities a leading brlm he told me chances are higher when you apply in undersubscription category. I follow him. I am into this thing because of him and his advise always worked for me.

@abhishekcgoenka What i meant is.....all applicant in the a same category will always have equal chance of allotment.
Another thing that i want to mention here is... no matter what category you are applying-in if it''s subscription is >1x then there is no surity that you will get allotment, if you are getting allotment then it is just shear Luck...nothing else(like applying on 1st day or last day)

Same here bro but angel broking with sbi

''m with Zerodha, attached sbi. Applied 1, allotted 1.

''m with Zerodha, sbi connected, applied on third day for 1 lot and got 1 lot.