Sharda Cropchem Limited Trading Members of the Exchange are hereby informed that effective from Tuesday, September 23, 2014, the equity shares of Sharda Cropchem Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.
Mumbai-based Sharda Cropchem will list its equity shares on Tuesday. The issue price is fixed at higher end of price band of Rs 145-156 apiece and the issue was oversubscribed 60 times supported by all type of investors. Sharda is a crop protection chemical company engaged in the marketing and distribution of a wide range of formulations and generic active ingredients globally. It is also involved in order based procurement and supply of belts, general chemicals, dyes and dye intermediates. Given such overwhelming response to the issue, no exact comparable peers and strong momentum in the equity market, experts expect more than Rs 200 as a listing price for the stock. “We expect the stock to list at around Rs 220-230, implying 41-47 percent upside over issue price of Rs 156 a share,” said Prashanth Tapse of Mehta Equities. Manish Bhatt of Prabhudas Lilladher too agreed with Tapse, saying the equilibrium price (opening price) for the stock should be Rs 225-230. The issue, which has a size of Rs 250 crore and more, has a 20 percent circuit (upper/lower) limit. Sharda’s IPO size was Rs 352 crore, so the 20 percent upper circuit would be Rs 270. Among three experts, Astha Jain of Hem Securities expects the minimum listing price that is Rs 187-202, implying 20-30 percent premium over issue price.
Can anyone suggest how to apply for more number of applications.I have 4 accounts in the name of 4 of my family members.Some people here apply for 20 applications.
@corrupt alloter ipo. Can you please elaborate. I will be able to fill a max of 4 applications or you are suggesting some means by which i will be able to fill more applications than that.
Dear Gaurav, If u have one dmat account, u can fill one and only one form, if u have 4 accounts with different names( of different family members), u can fill 4 forms only.
Sharda Crop Chem IPO list on tomorrow IPO Likely to list around Rs. 230 / 240. Its Better to book profits around 235 to 240. one week it will go down below 200/-
Out of curiosity I just checked 5 application numbers before and after my number. Noticed that out of those 10 applicants, who ever has applied for only 90 shares got allotments(I found 5 out of 6 of them) and other higher applicants( none of other 5 including me) got it. Is that a coincidence or some game plan.
Listing Day it will not go above 235/-, Even it wont touch 300/- in this year. Sell off on 1st day itself. Even i got allotment. i will place my order around 235/-. ITS BETTER TO BOOK PROFITS.
Asper new sebi rule everyone has a fair chance of allotment so u cannot complain. 2lac doesnt assure ur allotment. Instead of applyin full amount in ipo apply minimum application from diffrent accounts. Get new demate account open in name of ur family member