@crow.....the stock cannot split if the face value is 1 Similarly...5 and 10 means stock can split 5 times and 10 times respectively.... Generally when share value goes higher than normal...stock splits to reduce share price by increasing share volume in order for small retail investors to buy in.
Clean science & G.R infrastructure which was recommended as “MAY APPLY” by chittorgarh had turned out to be multibegger and has got listing on exchanges which in recent past is one of the best amongst all ipo listed in 2021✈️✈️✈️
While giving thumps up to both the issue trend for future ipo is also going to be interesting
Buy clean science @ 1585 . What is the Short term target of clean science ?
748. P Patel| Link| Bookmark|
July 19, 2021 6:28:18 PM
IPO Mentor (900+ Posts, 900+ Likes)
@Makami - Small HNI who have spare amount of 15-40 lakhs in their savings bank will apply with their own funds. So as you understand without any risk one will try their luck.
But there are some high net worth HNIs who take calculated risk on funding. They calculate and estimate how much maximum subscription will be in HNI category. They apply for say 10-20 times higher lots than subscriptions with funded amount. eg. estimate subscription in HNI is 100 times, so they apply for more than 1000 lots, so they will get confirm say 10 lots. So they calculate to get 10 lots how much interest they have to pay. This is the reason the calculation of GMP. This gives them idea about what will be their breakeven.
Can any one please explain for getting a single lot in HNI category, Why people are spending at least 25 to 30 lakhs of rupees. when the return from a lot in listing is just 6k to 15k.
Not all are spending. They have own funds in their bank. Using ASBA they are applying in IPO. The funds keeps getting interest and if allotted that''s risk free 15K.
These amounts are a part of savings in the bank account on which bank provides interest. When that saving is blocked in IPO still the interest is provided by bank until the amount is not debited, so there''s no loss whatsoever and only the allotted share amount is debited which provides profit during listing. Basically people try their luck and if they get lucky they make some money on the side, risk free.
Thanks everyone. If its risk free ie irrespective of lot allotment bank is providing interest on it. why people are calculate 7% as Int rate while calculating GMP ?
746.4. lokes| Link| Bookmark|
July 19, 2021 4:22:53 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@makami: As you asked " why people are calculate 7% as Int rate while calculating GMP ?"
Because most of the hni who applies bigger amount in crores in ipos gets money on interest from finance companies....
@ Lokes: To my Qs ppl relied that HNI s have spare and idle money in saving account that is why they are applying more than 200 lots to get a single lot ie to gain only 15k approx if listed double.
But as per you HNIs are financing to bid in IPO that is why int cost is taken for GMP.
Then my Qs is why they will pay such a hefty int. to get allotment of one Lot. kindly elaborate. I am unable to understand as few say its idle money and while other say its financed money.
I had been alloted 1 lot.. Due to lack of knowledge i used upi id of my family member for autopay mandate while applying from my PAN. Now the payment has failed and amount is still blocked. Anybody please guide me how to proceed to clear out this issue.
I had been allotted Clean Science IPO and also got the mail that the shares had been credited to my DEMAT account. But it isn''t reflecting in my account. Has anyone encountered similar problems? If yes, how did you solve it?
i got a lot in clean science. i placed a sell order and sold it. But my account now showing shares in negative and fund also negative. it''s totally messed up. what should i do ?
I personally have always got huge allotment like this on friends accounts only, Indigo Paint, Chemcon Specialty, Antony Waste, Bector food, when the funds are withdrawn they buy drinks for themselves before transferring them to me 😂, never wait for me to give any sweet.
@owls eye...i believe in making even deals....so that no one thinks i don''t deserve that 50% because they are getting their fair share and there''s no point of judgement in the deal.