aren''t we passing or let me say killing time unnecessarily about issue price and koshtak price etc etc in stead of fertile and useful discussion on merit or demerits of the issue...so we can earn for ourselves and let other help to earn with our advises available on this platform. chittorgarh gives us important platform so we must use it wisely..
58. Chem cho| Link| Bookmark|
September 7, 2016 8:01:21 AM
IPO Guru (2500+ Posts, 2700+ Likes)
Wait for the company to reduce the price BAND TO Rs 300 or so very high price , for 5820 cr IPO
A couple of other queries also related to the ICICI Bank shareholder quota of 10%
1. What would be the cut off date for eligibility? 2. Would a minimum quantity be required? 3. Can application be made both in the retail portion as well as the shareholder quota portion? 4. If the answer to 3 above is yes then would the limit of Rs. 2 lacs be applicable to both the portions individually or cumulatively? 5. What would be the allotment chances in the retail quota as also the shareholder quota? Which of the two would be a better bet?
there are all very pertinent questions which are yet to be answered.
1. cut off date would be a record date announcement by ICICI Bank, with notification of BSE/ NSE.
2. there is no mention on the DRHP, but I would assume this would be for some specific category of shareholders, which I believe should also be addressed in the next draft SEBI filing doc once the DRHP is comments by SEBI.
3. going by logic, I would say the same application could be considered first for the preference / reservation and them included in the other category like RII / HNI etc, this is the advanctage of all online application process and online data processing at RTA.
4. one time is seeming sure that by the mere size of the issue as well as reservation , this would be prudent to go for applications of 2L full in using the shareholder quote as the changes of allotment will e very high for more than one lot there!
Global Insurance companies are trading at 10-15 times earning. They are coming up with 25 time PE which is not digestive. First they thought for 250-260 price. Recently rally and IPO Boom made them greedy. Prudential Plc is available at 14 time. Why should one look at ICICI PRUDENTIAL. Sell in Grey and Enjoy 10%%%
Mam are you sure that price band will above 300. In that case selling of application is better as your view fair price for this Ipo for issuer is less than 300