SBI Life Insurance Company Ltd IPO Message Board (Page 26)

market crash was on the cards, this nonsense threat explanation is just the trigger , NIFTY PE was more than 26.34 , anything above 26 warrants a fall in index

You are right...its going a begging.

Is everyone waiting for Pratap??

People are not waiting for pratap... RII are just getting aware about the the way big players play major role and they eat away profit by putting selling pressure.. hence they do not want take any chance..... and for long term they can buy from market as price is also huge for share....

This is not True.. either apply at cut-off or high price....

this is independent of subscription number....The final price will be decided by the company and the BRLM most likely to be upper band only as anchor have got the same price. Also if you see all the IPO this and last year were fixed on the upper price band....

Anyways if you apply at cut-off price ... this should solve all the mystery as you will be allotted the shares based on the final price decided by the company...

If you apply at lower price 685 ... high chances you may not get the shares.... this is the concept of book building issues

u r right dear thanks for correcting me...

@IPO KAR
You are only partly correct. Higher price band in previous cases were decided because more people applied on higher price or cut off price.
Suppose investors apply for 75% of shares at top price or cut-off and 10% apply for intermediate price range and balance 15% apply for lower band. Then all applied will be allotted at lower price band irrespective of price allotted to Anchor investors. The same thing will happen if issue is under subscribed.
So if issue is under subscribed, you will be allotted in lower price band since some of the investors must have applied at lower price band.

@ Sugreev: If any category is full subscribed and rest is not.. what will happen in that situation... Best Example is SBI Life

@sugreev --- Yes this is what i am trying to say it is not dependent on over or under subscription -- it is dependent on the bid and the values..... that is what book building is....

But my simple point is why to take some much pain and just apply at cut off price.... this will make sure we always get the shares on the price decided by the company / BRML/ Bid values etc.

@Kick - if retial, employee, shareholder,HNI is not fully subscribed those shares will be allotted to QIB.

if anyone applies in retail, employee, shareholder, HNI allotment is 100% confirmed in this case.

If QIB is not fully subscribed, IPO gets cancelled.