Rates of N5 are already at higher side and many investment of tax free bonds are more attactive that N5 if rate cut is being build in then sbi n5 rates should rise than fall .IRFC IS ABETTER THAN HOUSING AND URBAN DEVELOPMENT AS PER THE RATINGS for those who have not applied in previous tax free bonds
In a move to check volatile price movements on the first day of trading in newly listed and re-listed stocks, market regulator SEBI has said that normal trading can now take place only after a call auction session, reports CNBC-TV18's Sajeet Manghat.
Since the regulator was looking at various options, it took SEBI more than a year to get this act together.
If you remember, some of stocks used to run up by nearly 50-60% on listing day and used to jump by nearly 100% over a period of week. However, once retail investors used to get in, they suddenly plunge by 50-60%. Due to this, the regulator was looking at a mechanism to curb the volatility and it has finally come out with one wherein all the IPO stocks and the companies which are relisting again will have to go through a pre-open call auction for 45 minutes after which there would be a settlement of trades. Only after that will the opening trade begin at 10:00 am instead of 9:15 am. So that's a one hour period where you have to put in all your bids and the entire thing would be delivery based.
The regulator has gone one step further and said that any IPO below Rs 250 crore will have a price band after 10:00 am and any IPO above Rs 250 crore will have a 20% price band. It also says that IPOs below Rs 250 crore will have to go through a 10 day period where they will be trade for trade (T2T). This basically means that you can trade in the scrip only if you have shares in your account, which means there won't be any speculative trading in these stocks. So that's a big move from SEBI to curb the listing day volatility.
Dont think that punter will not active just because sebi take action after fearing lokpal issue.but corupt govt. may have given full blessing hand on punter to play big game on listing day.
Don't write-off any IPO just because of current market situation & SEBI's action. Black money may find place in this IPO. Even FIIs will gamble in this kind of issue.
Send Rs.10k or 25k & be prepared to loose 50% in worst situation. Intra-day play is better with stop-loss. One or two times stop-loss may trigger. However, it is still worth taking risk.
19.3. SkDash| Link| Bookmark|
January 9, 2012 7:54:35 AM
Top Contributor (1000+ Posts, 200+ Likes)
Ravi
Are u in the same grade or u have donwgraded goodwill ipo?-view as on date. i dont think u have applied nor trying to apply since the sub fig is only 1%. i hope the co will extent to further 3-4 days and will also reduce its price band to 60-70.
i too wish the ipo will be closed for non-sub, lets see
The company proposes to raise Rs 62 crore, offering about 27% to 28% of its post-issue equity at a price band of Rs 175 to Rs 185. At this price, the company’s historical earning is discounted about 14 times. Though established players like Apollo and Fortis command a P/E much higher than the market composite, GHRC’s pricing leaves very little scope for capital appreciation considering its credentials which lack conviction. It is worth noting that the promoters’ average cost of holding is less than Rs 15 a share. Source: http://www.moneycontrol.com/news/ipo-issues-open/goodwill-hospital-ipo-should-you-subscribe-to-it_642110.html