RPP Infra Projects Ltd IPO Message Board (Page 15)

Hi Ajay Dalal

How does 1st day application matter? WHY 200-300 extra for that.

Hi the KOSTAK today for RPP is around 2200 ( 1 lac ) with an additional incentive of Rs. 200 - 300 for first day application. GMP is around Rs. 8 - Rs. 10 . check with your broker today

I HOPE MY QUERY NO 32 ABOUT TAX LAWS IN INVESTMENT IN IPO FOR RS 2 LAKHS WILL BE ANSWERED BY SO CALLED EXPERTS IN THE BOARD
RAVI BANGALORE K.K. NATARAGAN ,IPO FINDER ,MARRY, GANE ,SRINI ,
PL HELP ME I AM POOR IN TAX LAWS AND ALSO IN SHARE MARKET
NOW A DAYS THEY HAVE MOSTLY VANISHED FROM THE BOARD

1 LAC LIMIT IS AS PER IT DEPT INTERNAL GUIDLINES, NOT AS PER TAX LAW AND RULES, GUIDELINES CHANGE FROM TIME TO TIME. HOWEVER CURRENTLY 1 LAC APPLICANT IS UNDER SCANNER, MAY NOT BE IN FUTURE.

FINALLY THIS IS THE FIRST IPO FOR RS 2 LAKH FOR RETAIL WE CAN UNDERSTAND HOW THE RETAILERS WILL BENIFIT FOR THE INCREASE OF LIMIT
AS FAR AS THE TAX LAWS ARE CONCERENED I REMBER THAT FROM RS 50000 THE LIMIT WAS INCREASED TO 1 LAKH BY TAX DEPARTMENT IE NO PAN NUMBER IS REQUIRED TO DEPOSIT RS 1LAHHS IN ACCOUNT IE RS 99999
NOW CAN WE APPLY FOR RS 2 LAKHS WITHOUT THE SCANER OF INCOME TAX PEOPLE REMAINS THE QUESTION WHICH IS STILL NOT ANSWERED BY TAX CONSULTANTS OR CA SO CALLED EXPERTS IN TAX

i want to buy sks micro cmp 841, is it good for investment or not, please guide me

IPOfinder, congrats on your astronomical profits.It is a small issue & not a bad issue.its at par with listed peers & hence one can definitely apply for listing gains.I will again make 6 applications but hopefully it will not turn into lottery for me.

kalaimala

This is only a forum to share our ideas.

you may not get any readymade answers/ solutions here.

however there are some good people here like K K NATARAJAN/ PANDITJI
and you may address your queries to them

they may help you out

i also requets you to read old posts from GEM, SREEDHAR, SAHARANPURI, K K NATARAJAN to get idea of what happens in IPO market
regards

28. prakash kundur

What you said is correct.
But these even if you apply for 2 lakhs also, probably you may get share for 50K only.

In that case do we have to furnish all these things in AIR?

DEAR PRAKASH KUNDUR@28 IT WAS ALSO IN MY MIND AS MY CA IS PUTTING THIS QUERY AT THE TIME OF RETURN.NOW WHAT I THINK THAT WE APPLY WITH ASBA FOR ABOVE 1 LAC.ALLOTMENT WILLBE LESS AS PER OVERSUBSCRIPTION.ALLOTMENT AND DEBIT ENTRY SHALL REMAIN BELOW 1 LAC.REST SEEK CLARIFICATION FROM CA

dear boarders,

Sooner than later the retail limit will be enhanced to Rs 2 lakhs.
It could be to the benefit of retail applicants, but like water will find its level soon.

I had posed this query earlier also but did not get a suitable reply from our learned friends.

In the Income tax returns, there is a column for filling various kinds of information under Annual Information Report[AIR].
The relevant provisions are reproduced here.

In Schedule AIR, the details of following transactions, if any, entered by anyone during the financial year are to be
entered.

It has to be entered under Sl nor 5, code 005 for Payment made by you of an amount of one lakh rupees or more for acquiring shares issued by a company.

Now with an IPO application for any amount of Rs one lakh rupees or more, we will be required to mention such applications/details in the Income Tax return under the head AIR.
With many IPOs hitting the market , their number will be quite large.
If we mention all such IPO amounts, it will certainly look big and attractive for the ITO to call for more details/assessment/harassment.

If you do not file, the IT department will any case get the details from the registrar to the issue as it is mandatory for them/the issuing company to file such returns.If you have not disclosed the information, it will be an offence attracting penalty from the department.

Now what should be the tactic?

With the limit enhanced to Rs 2 lakhs, is it another way by which the govt/IT department wants to widen the net to catch the small fish who were not reporting share transactions/trading profits/IPO listing gains??

It will become a very tricky situation to be in.

Please shed some thought and light on this matter which will affect millions of IPO applicants.

Small issue should do well expecting good first day listing gains as
rumours are there that company wil make some special announcements
Prior listing

UPCOMING IPO:

MAGNIS ORE IPO
OPEN ON: 26/11
PRICE APPROX: 600 TO 660
ISSUE SIZE: 2000 CR
RETAIL INVESTORS: 5% DISCOUNT

REGARDS,
BHAVIK BAGADIA
35% RESERVE FOR RETAIL CATEGORY

Dear Panditji,
Thanks a lot for your kindness. I have been told earlier to quit India as I do not know Hindi, in the same forum. Accepting my request immediately reflects your broad mindedness.

Do not apply IPO starting with R.Ex-Rpower,Ramkay etc

@18

if u want to believe in that news then good for u else wait u will see confirm news in cming days meanwhile date is in nov end only ...

Natrajan Saab, my apologies, hence forth I ill post my replies in english only, thanks for your encouragement

Panditji,
Your views and presentation are nice. May I request you to post your comments in English so that people like me, who do not understand Hindi, can follow you?

Gane,
Stocks listed in BSE are divided into A group,B group,Z group,Trade to trade etc depending on market capitalisation,fundamentals,Speculative nature etc.

Forthcoming Issues at NSE

R.P.P. INFRA PROJECTS LIMITED

Symbol - Series      RPPIPL EQ
Issue Period      Nov 18, 2010 to Nov 22 2010
Post issue Modification Period      23-Nov-10
Issue Size      PUBLIC ISSUE OF 65,00,000 EQUITY SHARES OF RS. 10 EACH
Issue Type      100% Book Building
Price Range      Rs 68 to Rs 75
Tick Size      Re. 1/-
Market Lot      80 Equity Shares
Minimum Order Quantity      80 Equity Shares
Maximum Subscription Amount for Retail Investor      Rs.100000
IPO Market Timings      10.00 a.m. to 5.00 p.m.
IPO Grading      IPO Grade 2
Rating Agency      Fitch Ratings India Private Limited
Book Running Lead Manager      VC Corporate Advisors Private Limited
Syndicate Member      Comfort Securities Private Limited and VC Corporate Advisors Private Limited
Categories      FI,IC,MF,FII,OTH,CO,IND,NOH and EMP
No. of Cities with Bidding Centers      125
Name of the registrar      Cameo Corporate Services Limited
Address of the registrar      Subramanium Building 1,Club House Road, Chennai 600 002, India
Contact person name number and Email id      Mr. R.D. Ramaswamy,Tel: 91 44 2846 0390, Fax: 91 44 2846 0129 E-Mail:rppipo@cameoindia.com