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Refex Refrigerants Limited IPO Message Board (Page 3)

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31. Nirav |   Link |  Bookmark | July 27, 2007 6:14:20 PM
Refex is over subscribed by 7 times
30. reema |   Link |  Bookmark | July 26, 2007 10:32:17 PM
i have heard that subscription details for fixed priced ipo are not revealed publicly and only after allotment is announced we got to know wheather any shares are allotted to us or not & we cant make an prediction for allotment due to absence of subscription details?????
29. sanjay |   Link |  Bookmark | July 25, 2007 6:47:26 PM
dear members, since it is a fixed price IPO and not a book building one,so no subscription details will be available,only on final day maybe figures will be released.

28. Ganga |   Link |  Bookmark | July 25, 2007 5:23:16 PM
Not sure, why is it not listed in ICICI direct page for buying. Any Idea why it is not there?
27. G.Srinivas Reddy |   Link |  Bookmark | July 25, 2007 5:03:33 PM
Can any one have any news about, How many times subscribed in Retail. I checked many sites, but no info about subscription details.
26. nik |   Link |  Bookmark | July 25, 2007 9:29:30 AM
how many times Refex Refri subscribed in retail ???????
25. manoj |   Link |  Bookmark | July 24, 2007 10:57:56 PM
forms are not available, why?
24. Vikram |   Link |  Bookmark | July 24, 2007 10:35:42 PM
Money Control Review:
Refex Refrigerants Ltd. IPO opens on 23rd July

Refex Refrigerants Ltd., an ISO 9001 company n the business of refilling non-zone depleting refrigerant gases popularly known as ‘HydrofluoroCarbons’ or HFCs, proposes to enter the capital markets with a public issue of 38,00,000 equity shares of Rs.10 each at a premium of Rs.55 per share aggregating Rs.24.70 cr. The issue opens on Monday, 23rd July and closes on Friday, 26th July 2007. The equity shares will be listed on the BSE.

The company is in the business of refilling HFC, which unlike other refrigerant gases, is an eco-friendly gas that does not harm the ozone layer. HFC is used in Auto airconditioners, Room airconditioners, refrigerators and refrigerating equipments. Refex has reputed Corporates and MNCs like Hyundai Motors India Ltd., Godrej and Boyce Manufacturing Co Ltd., Blue Star Ltd. and Carrier Aircon Ltd. in its clientele list.

For FY07, Refex had a turnover of Rs.51.41 cr. with PAT of Rs.3.92 cr. as against sales of RS.11.17 cr. with PAT of 1.92 cr. in FY06.
23. Dny |   Link |  Bookmark | July 24, 2007 6:20:40 PM
Hi Ankur,

Thanks for sharing the information with all!

But the details do not talk about the investor who applies online. What should one do in case he is applying online [e.g. using ICICIDirect]?

Does anybody have any idea?

Thanks in advance!
22. ankur |   Link |  Bookmark | July 24, 2007 5:28:37 PM
PAN compulsion in IPOs good for genuine retail investors
2007-07-19 18:00:27 Source : Moneycontrol.com
Email Print Version
Market regulator SEBI has made PAN card mandatory for retail investors while filling public offer forms. Earlier retail investors were allowed to submit PAN card copy and number if they applied for Rs 50,000 or above worth of shares but now it is mandatory that every application by retail investors have to submit PAN card zerox copy, number or Form 60 or Form 61.

Himanshu Kapadia of Adfactors says, "Sebi made PAN mandatory, is a good thing and going towards more regularised approach because earlier one person with multiple demat accounts used to apply for multiple IPO forms of single issue. But with this implementation, Sebi would come to know actual size of investors."

"All in all, it is beneficial for actual investors and market also through this regularised framework of Sebi. The case of Yes Bank, where Sebi found so many duplicate entries in the issue. So to avoid such things, Sebi made PAN mandatory and with that Sebi come to know real investors in the market".

"In the earlier process, search for allotment process had been doing through demant accounts but now they will search all PAN numbers and put allotment process forward", he said.

Sebi's New rules and regulations on Permanent Account Number

The Bidders, or in the case of a Bid in joint names, each of the Bidders, should mention his/ her Permanent Account Number (PAN) allotted under the I.T. Act. SEBI has issued a circular no. MRD/DoP/Cir-05/2007 dated April 27, 2007 requiring that with effect from July 2, 2007, the PAN would be the sole identification number for participants transacting in the securities market, irrespective of the amount of transaction. In case the PAN has not been allotted, mention “Applied for” or “Not Applicable” in the appropriate places and submit Form 60 or Form 61 as the case may be together with permissible documents as proof of address. Applications without this information and documents will be considered incomplete and are liable to be rejected.

RS Iyer of KR Choksey Securities says, "It is good for genuine retail investors as well as for all. It will also increase the participation of retail investors and avoid duplication of application through duplicate investors."

Sebi's old rules and regulations on Permanent Account Number

Where Bid(s) is/are for Rs 50,000 or more, the Bidder or in the case of a Bid in joint names, each of the Bidders, should mention his/her PAN allotted under the I.T. Act. The copy of the PAN card(s) or PAN allotment letter(s) is required to be submitted with the Bid cum Application Form. Applications without this information and documents will be considered incomplete and are liable to be rejected.

In the event that the sole Bidder and/or the joint Bidder(s) have applied for PAN which has not yet been allotted each of the Bidder(s) should mention “Applied for” in the Bid cum Application Form. Further, where the Bidder(s) has mentioned “Applied for” or “Not Applicable”, the sole/First Bidder and each of the joint Bidder(s), as the case may be, would be required to submit Form 60 (form of declaration to be filed by a person who does not have a permanent account number and who enters into any transaction specified in Rule 114B of the Income Tax Rules, 1962), or, Form 61 (form of declaration to be filed by a person who has agricultural income and is not in receipt of any other income chargeable to income-tax in respect of transactions specified in Rule 114B of the Income Tax Rules, 1962), as may be applicable, duly filled along with a copy of any one of the following documents in support of the address: (a) ration card (b) passport (c) driving licence (d) identity card issued by any institution (e) copy of the electricity bill or telephone bill showing residential address (f) any document or communication issued by any authority of the Central Government, state government or local bodies showing residential address (g) any other documentary evidence in support of address given in the declaration. It may be noted that Form 60 and Form 61 have been amended by a notification issued on December 1, 2004 by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance. All Bidders are requested to furnish, where applicable, the revised Form 60 or Form 61 as the case may be.

21. rani |   Link |  Bookmark | July 24, 2007 3:18:19 PM
it is a very good issue don't miss the opportunity.
20. himanshu jain |   Link |  Bookmark | July 24, 2007 2:12:03 PM
GREAT ISSUE GO FOR THAT
19. Krish |   Link |  Bookmark | July 24, 2007 1:34:54 PM
Friends,

I am unable to subscribe to this issue through ICICIDirect as well as Kotak Mahindra. What is the other way? Please help.

Regards,
Krish
18. Sudhir |   Link |  Bookmark | July 23, 2007 5:19:22 PM
This issue isnt about filling gas in cars.....I think Iyengar is getting very exited about this issue... ha ha ha. pls read prospectus well and blog. U might sometimes misguide us. I goa lot on this website. This company is into converting Liquid Refrigerant to Refrigerant Gases( As in case of LPG)the products they are in to is environmnet friendly and is future.By 2010CFC's will be banned and these will find replacement in all cars, refrigerators and airconditioners, The copmanies customers include Big names, Hyundai, Carrier, Blue star, Voltas, Videocon to name a few. I think it is a very good bet for long term and regular returns. My survey also concludes that this is the only company in India, dealing in only HFC based refrigerants. Good Investment. Allotment will be very tough, looks like will be oversubscribed 10-15 times. INVEST.
17. Madhu |   Link |  Bookmark | July 23, 2007 2:07:40 PM
This sector has lot of potential with respect to India's growth rate. Definitely this will give good returns in long term, so long term investers may bet on this IPO.
16. market expert |   Link |  Bookmark | July 21, 2007 9:43:55 AM
pan card mandatory for all applications above or below 50,000 rs.

submit it along with all yr applicaions of ipo. otherwise it wil be rejected .

u can see that in the below link...

http://www.moneycontrol.com/india/news/ipo-issues-open/pan-compulsion-ipos-good-for-genuine-retail-investors/13/28/293242
15. pankajdhir |   Link |  Bookmark | July 19, 2007 9:41:08 AM
dear friends,
can anybody tell web site on which grey market premiums indicated everyday?
thanks in advance !!
14. PVN INVESTMENT POINT |   Link |  Bookmark | July 18, 2007 10:48:45 PM
This is a good issue i go with mr.cl he is right. In longterm perspective it will yield good return because it has good concept for using ‘HydrofluoroCarbons’ or ‘HFCs, in Auto air conditioners, Room air conditioners, refrigerators and refrigerating equipments, in future it will mandatory to use the HFC'S. So i think will give good return. stay INVESTED... FOR LONG TERM BASIS
13. m.k.jain |   Link |  Bookmark | July 17, 2007 10:33:37 PM
please dont apply this issue
12. CL |   Link |  Bookmark | July 16, 2007 3:38:08 PM
Refex is the new concept company although right now this have no much impact but the future is bright and the prmeiun they given is low .. price is good and see for thr long term not for the Listing gain