-7. R R Patel| Link| Bookmark|
September 6, 2017 9:57:06 PM
IPO Mentor (800+ Posts, 3400+ Likes)
No fresh issue only offer for sell of upto 12 crores shares (8 crores by SBI & 4 crores by BNP), out of which 20 lakh for employees and 1.2 crores for shareholders. In remaining portion 50% for QIB, 15% for HNI & 35% for retailers. So according to my calculation approx 16.5 to 17.5 lskh lots will be available for retailers.
It is not possible. Generally Govt of India gives retail discount. No corporate is generous enough to give retail discount. Last time L&T Infotech offered retail discount & we know its fate on listing day.
The Offer consists of: Employee Reservation Portion(3) Up to 2,000,000 Equity Shares State Bank Shareholders Reservation Portion(3) Up to 12,000,000 Equity Shares Page 65 DRHP
Does it mean 10% reserved for State Bank Shareholders?
-10.1. juju| Link| Bookmark|
September 6, 2017 9:24:21 AM
(300+ Posts, 300+ Likes)
8400 Cr ? Then it might give confirm allotment
-10.2. sugreev| Link| Bookmark|
September 6, 2017 9:33:52 AM
(200+ Posts, 200+ Likes)
There are 24 crore shares. If rate is around Rs 700/- then total issue size will be Rs 16800/-. Otherwise, if size of issue is Rs 8400/- then the rate will be Rs 350/- Any one in the know please confirm.
@sugreev Whole issue is 12cr shares which is OFS, please read Page 65 DRHP 2nd fact- Equity Shares pre and post Offer Equity Shares outstanding prior to the Offer 1,000,000,000 Equity Shares Equity Shares outstanding after the Offer 1,000,000,000 Equity Shares Inference: There is no fresh Issue