Dynamic Cables Limited IPO Message Board (Page 7)

Huzefa,
I got 4 lots in cadsys not in Rkec. I have to skip Rkec due to lack of funds. How many app. are u applying in icemake.

Loneranger was having 2 lots of Rkec. I haven''t seen him posting msg. for long.
Where are you loneranger???

I will be applying for 3 lots. Rest will keep for Dynamic for 6 lots.

Hi Umang,

You still hold your Cadsys shares?

As far as I know you sold only 1 lot.

I am still holding my 1 lot in cadsys

Yes bhanu I am holding 3 lots... What else do you own in SME STOCKS????

Hi Umang,

I did not hold any other SME stocks.

I got allotted only in Vertoz & RKEC.
And sold them both with some profit.

@ bhanu & Huzefa,
After seeing oversubscription of icemake, I am thinking of applying 7 lots in one app., instead of applying 7 different app.
This will increase the probability of allotment????
What is our opinion, should I try this trick to get allotment.

Hi Umang,

I do not think so.

I applied for 20 lot single app in Sharika Ent BSE SME.

Still no allotment!!!

Take your call based on this info.

OMG, 20 LOTS & STILL NOTHING.WHAT IS THE BASIS OF ALLOTMENT IN HNI CATOGERY. WILL U PLEASE EXPLAIN OR A LOTTERY SYSTEM.

How many lots is necessary to get one lot on the basis of oversubscription. Pls take the example of icemake and explain.

I think that also is lottery only.

Thing is Sharika was subscribed only 59.27x !!
But still no allotment. I too got surprised a bit.

Since Basis of allotment is not available for icemake, Let me take the example of Lexus.

In NII, Lexus was just subscribed by 64.68x.

To get confirmed allotment, one had to apply for 45 lots.

Now Imagine about a 400x NII subscription (like icemake).

Again Allotment in NII depends on other factors (like Unique bid) and luck.

Suppose you applied for 7 lots and no one else applied for same number of lots, Then you will for sure get 1 lot.

But if 2 or 3 people applied for same number of lots, only 1 in those applicants will get allotment.

Ex: lets take Lexus as an example

Only 1 person applied for 16 lots, He got sure allotment.
But 3 persons applied for 30 lots, and only 1 person got allotment.
There is not bid for 26 lots, So if some one from above (30 lot guys) applied for 26 lots, if would have got sure allotment.

But How will you know that your bid is a unique bid is a challenge here.

Thanks bhanu for elaborate explanation

Ficpl & Huzefa,
Guys do you think refund of icemake will be available to subscribe this SME. If not then it will avert unnecessary oversubscription & hence greater chances of allotment.

Mostly refund will be in the next working day of allotment. But it may change from bank to bank as indusind and axis generally gets the amount unblocked on the allotment day it self.

But still I feel it would have good chance of allotment.