If QIB quota remains unsubscribe, then IPO may be cancelled or dates can further be extended. If you have already applied, then you have time to unsubscribe an IPO. Look at the figures, company was making losses...ek saal se hi profit karna chalu kiya he...
This company is not consistent performer...
Looking at the scene, QIBs are not at all interested in this IPO. They don''t have confidence in this company. Every QIB has professional people who decide whether they should invest or not? agar wo log paise nahi laga rahe matlab hame bhi nahi lagaane chahiye...they will wait and buy from market when shares are listed....
Ek QIB ne bhi apply kar diya to IPO qualify ho jaayega...
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November 17, 2016 9:23:53 PM
IPO Guru (1300+ Posts, 3200+ Likes)
GSBPL''s lead Manager Indian Overseas Bank might be busy in demonetised work load..so not able to arrange QIBs for GSBPL...there were CBI investigations on GSBPL''s directors which have affected the QIB quota...further GSBPL has lost case against him by another vaccine manufacturer...GSBPL had stolen patent of other company...why QIB will subscribe in such company? There is nothing which can attract QIBs....RII will also remorse on listing day...
In view of 9 time o/s ,Retailers seems want to learn some lessons further.
Some one even said will by huge if listed bellow 100
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November 17, 2016 3:58:51 PM
IPO Guru (1300+ Posts, 3200+ Likes)
What will happen If Retailers withdraw their applications in these next 3 days & QIB Quota still remain ZERO ? ?
Will they extend for another 3 days & forever ? ? ?
Banks already stopped receiving & cancelling applications , especially ''sarkari'' banks , due to heavy rush of demonetised & demoralised customers. ! ! !
Finally, I could unsubscribed IPO of GreenSignal...what is the logic to extend this IPO for another 3 days? QIBs are not going to subscribe....
309. dpcdsl| Link| Bookmark|
November 17, 2016 3:01:51 PM
Top Contributor (400+ Posts, 200+ Likes)
GreenSignal fully subscribed without QIB subscription: Category BSE NSE QIB 0 0 NII 0.096 1.06 RII 5.99 2.88 Total 0.6134 0.45
Retail are very bullish for their 10% quota, 8.67 times oversubscribed. Now QIB shall decide fate of the issue on reduced price band.
The problem is also, how to patao fund managers in currency crunch.
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November 17, 2016 2:54:42 PM
IPO Guru (1300+ Posts, 3200+ Likes)
QIBs/FIIs Quota still NIL !!! Even after 1 full week ( 6 days )
& THE Madness of retailers still going on even at discounted price
After losing , these retailers will stay away from good IPOs
307. Eagleye| Link| Bookmark|
November 17, 2016 2:15:01 PM
IPO Guru (6600+ Posts, 21900+ Likes)
BSE has informed that Book Building issue of Green Signal Bio Pharma Ltd has been extended further for 3 days and would now close on Tuesday 22nd November 2016 with a revised price band of Rs.68/- to Rs.76/-.
how can i cancel bid application ?????? i have applied through asba in bank of baroda and it does not provide for cancellation right now. what to do.....????
HI FRIENDS AVOID IPO AND STOCK INVESTMENT CURRENTLY.SAVE YOUR MONEY BIG FALL TRIGERS A HEAD.NEXT QUARTER RESULTS ALSO BED IN FRONT OF REVENUE AND PROFIT SO,PLESE SAVE MONEY MY HUMBLE REQUEST TO YOU.