Shipping Corporation of India Ltd FPO Message Board (Page 31)

Dear Gane,

Thanks for your advice, I am also against that but things are tempting me, MOIL may not be another Coal India, but we can earn some gains I think because of 5* rating, good grey market price of around 250 and 5% retail discount.

Regarding Coal India, it tempted me to sell at around 338 today, but expecting little more around 345-350 to sell if reach within 3-4 days time, I don't know the possibility but hoping it will reach atleast 350 levels by 25th.

Dear Srini,

I am very sorry to hear that you want to go for gold loan to apply in IPOs. From my point of view, it is very risky. The subscription levels in MOIL or SCI is going to be very high. Thanks to SEBI for 2 lac limit for retails. May be HNIs will also join in this category to avail 5% discount as well. In the end, allotment will be less or Nil and hence the profit will be less.

Few weeks ago, Gem was talking about IPO loans. May be that should be less expensive. Some other experts can give you more advice on that.

If in case, you want to go for IPOs and make profits in short term, you can sell coal india which is in comfortable profits as of now. You can buy cpoal india afterwards.


Gane.

Dear Sreedhar and anybody,

Thinking of taking loan on gold and applying in IPO's, how about the trust in Manappuram, I inquired and they said 89% of the gold value will be given as loan at 12% ROI @ 1325 per gram. I have around 160gms of gold of my wife, so according to them I will get around 1.7L of cash and I have to pay 850 as interest for 15 days of IPO process. Sincere advice is needed from friends, is it a right choice?. Atleast I should get more than 2500 on 2L application, otherwise no worth of it.

Sincere advices please.

Hi Sreedhar,

Thinking of avoiding RPP, currently applied 2L for Power Grid, want to sell alloted shares on listing day and applying in MOIL for 1Lx2 or 2Lx1, after that no cash in hand, already holding 2L worth of shares in which Coal India had occupied nearly 70K, unable to decide to hold this gem for long term or better to sell now and use this funds for IPO's, can you suggest on this.

Srini,
Which IPOs are you applying for?RPP,MOIL,SCI what is your plan

SahranpuriJi,
Claris lifescience is a avoid for me due to lot of reasons:
1)US FDA ban
2)300 Cr Issue
3)If you apply for Claris you can't apply in MOIL
4)It will not subscribe more than 1 time in retail so full allotment & heavy risk of losing

Bigexpert

Hi expert kindly advise me whether to subscribe for RPP or not. Thank you