PSP Projects Ltd IPO Message Board (Page 10)

Hello every one. What is GMP of PSP project?

reposting as posted in wrong page by mistake

Shivajee sir,
I am novice to this market, entered 1.5 years back, I am glad you asked me question, Pardon me if you find any fact incorrect

let us take example of demart again to clear this

NII subscribed - 271 times (after technical rejection)

so there has to be lottery, but this lottery is shares applied wise not application wise

ex - demart - 1.
1. 1 application was of 3,91,3000 shares he got 3913000/271 = 14413 shares (no lottery req)
2. 1 application was 29100 shares so he got 29100/271 = 207 shares (no lottery req)
3 many applicants applied for 700 shares so they should get 700/271 = 2.58 share

but here comes minimum lot which is 50, so there will be lottery

if you calculate only 1 out of 19.37 people will gt 1 lot (final ratio worked out 27:522)

so it is lottery, but not application wise, its share no wise

lets make it more simple

what guarantees one lot if you apply in HNI :

multiply lot size * oversubscription of HNI
demart case
50 * 271 = 13550

means if you have applied 13550 shares in demart, you will get guaranteed 50 shares

reposting as posted in wrong page by mistake

Another fact here which shows how unaware retail investors are, is
taking demart as standard example so that everybody can follow and analyze

out of 1739993 application in retail, 289894 were of more than 1 lot

which means either 3 lac investors were expecting under subscription in retail category or were unaware of application wise allotment rule

we had 54630 applications for 650 shares, which means 54630 people blocked around rs 2 lac per application, although same purpose can be served by rs 15000

Hello GFN

You have come to the HNI profits. Long time, I had this question that was unanswered.

I have an important question on allotment. For allotment, actually, retail portion is 35% and HNI 15%.

Let us say, HNI applies for 3 lakhs (approximately 20 lots)...will he get full 20 lots allottment or this is on lottery basis?

If HNI applies for 3 lakhs and gets only one lot...then, does it make any worthy sense?

Psp IPO - Any application rate anywhere ?

D Mart listing was exceptional.
Please calculate returns for S Chand on the same basis where it was oversubscribed 204 times.

Thats right,
so those who done in S chand most probably sol at par ( it fluctuated around issue price for hours)
interest cost lost - 9500 rs approx on 1 carore

HNI''s are the person who book the loss when required, stock market do not give positive result always. they lost in S chand its true, they will still apply in next, thats how market work,
they do not ask "eagleeye where is your gmp"

They sell allotment at the time of application only.. They are not fool.. They dont wait for the Listing. Very few people suffer even Interest Cost, particularly new people.

Invest in Bitcoins rather investing in this IPO, Bit coins are Trending nowadays :-) !!!

It''s too late.

Its not governed by any authority.. You dont have any legal right

Pl tell me about gmp in bhavnagar kostak price???

450-500

Any buyer in jaipur i have applications for sale

Look BSE Ltd. ,upmove start from today

but keep 2 points in mind
1. its highly fluctuating, no circuits
2. already doubled in last 2-3 months, profit booking may be seen
3. its not legal, so transacting it may create problems

kostak 1000 in jaipur

Sold 100 application at 1000
Pls reply soon

i want to sell 5 application pllease provide contact details

Clear Avoid

Thanks
Arjun
Rajkot Brokers Association

Tnx

यह प्राणी पिछले कुछ दिनों से यहाँ पर हर एक पोस्ट और पेज को स्पैम कर रहा है, अलग अलग आई डी से
एडमिन ध्यान देवे

Kotak and gmp in Bhavnagar?????

This message has been removed by a moderator.

This Company founded in the year 2008 has been very successful. The Equity as on 15/12/2011 was a mere 0.8 cr. They issued Bonus Shares @3:1 on 10/07/2015 and the Equity increased to 2.4 cr. Then again Bonus issued @9:1 and the Equity increased to 28.8cr. Bonus percentage in Equity is 97.22%. Promotor''s cost per share is 29 paise. The asking price of 210 is very very high. Highly risky for Retail and that is why their quota has been pegged at 10% of the Issue Size.

Compensation for chairman and managing director Prahaladbhai S. Patel was at INR1.9 crore in FY2016 and if sounds too high, it helps to know that he was paid INR15.1 crore in FY2015. This is even higher than the net profit the company made in the year. As we noted in the case of Precision Camshafts and Power Mech Projects,

Firstly the IPO is priced way to high secondly corporate governance thirdly weak sector fourthly drop in 9 months earning company are to last year lastly no PE investors on board

AVOID

Precision Camshaft faced same issue,
and punished by market

If you find any annual reports or balance sheets then please post link.

is it worth subscribing for PSP Projects Ltd IPO?? will I have any listing gains?

The ipo size is very small and considering the huge appetite in the market, this issue is sure to get oversubscribed heavily under retail category.
The allotment will be again on pure lottery basis.
On fundamentals this issue is an AVOID.

However there is no guarantee of allotment.
You may apply for one lot. If allotted then there is a chance of the listing price swing from +10% to - 10%.
You may apply just to be in the market and for some excitement.
If listed in the negative, you need to come out immediately as this is not a long term or portfolio kind of stock.
If allotted and you lose 5%, think that you were watching an IPL match live(ticket cost of the match equals loss on listing) and you also became wiser for the experience in IPO market.

Your call. ALL THE BEST.

Fundamentals say AVOID.

It seems merchant banker Motilal has expertise in bringing T to T ipo''s.
Avoid all T to T ipo''s of 5% circuits, unless fundamentals warrant.