for per assured lot money required - 563x14900 = 84 lac approx interest 6% pa for 7 days on per assured lot (84 lac) = 9652 per allotted lot cost for HNI - 24552 per share cost (allotted) - 245 rs
so it will be profitable only if it opens / sustains at minimum 100 rs premium ie 249 per share (opens 67% up)
application under ASBA, debit takes place only on 29th and 30th it gets listed. Interest starts accumulating from 29th @ Say 6% per year, credit sale and credit back to back to bank takes 7 days. Interest per share @149/= per share works out to maximum 0.18 only and not the huge figures. If it was the case nobody would have applied
Narasimha Murthy sir, aapka kahna sahi hai, per share 149 rs pe 0.18 rs but per 1 share applied pe 1 share nahi milega na sir, (563 shares ke liye apply karoge tabhi to ek milega, aur intrest to pure pe hi lagega na) har 563 share pe ek share milega 563X0.18 = 100 rs approx oversubscription me aise hi hota hai sir, agar HNI 1 time subscribe hota to aapka calculation sahi tha still not clear?
What Deepika menioned in her calculations is correct. HNIs leverage 90% or more from brokers and when the issue is heavily oversubscribed, they get in trouble. On top of the above, brokers vary the interest based on the issue too. For high demand issues they charge a premium. So CDSL issue might have been costly compared to the other recent ones.
One of the oversmart pos(t)er Says the subsciption will be 500x... When someone questioned in the morning.... as the subscriptions were not even 10x. Abused him saying I am only giving example, and is he and idiot. Now when it is close to that figure, says See I told you in the morning.
I guess more than anything he/she needs Humility. Be humble. There are better people here than anyone of us, so keep learning keep sharing. Don''t be rude, provide facts.
Awesome!! and all the best everyone for the allotment. Cheers.