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Snowman Logistics Ltd IPO Message Board (Page 15)

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jigaReligare
16. jigaReligare |   Link | Aug 22, 2014 5:36:41 PM
KOSTAK FOR 14100/- RS APPLICATION IS 500
amit ghosh
15. amit ghosh |   Link | Aug 22, 2014 5:30:18 PM
IS there any chance of allotment min 1lot
Jatinder Sodhi
14. Jatinder Sodhi |   Link | Aug 22, 2014 12:48:29 PM
Is there a limit for the amount a Retail Investor can put in.
Their prospectus says:
Retail Individual Bidder(s)
Individual Bidders who have Bid for Equity Shares for an amount not more than �,000 in any of the bidding options in the Issue (including HUFs applying through their Karta and Eligible NRIs and does not include NRIs other than Eligible NRIs)


Pls clarify..

Jatinder Sodhi
14.1. Jatinder Sodhi |   Link | Aug 22, 2014 12:49:58 PM
sort the figure did no come clearly, it is Rs 200,000/-
Dinesh
13. Dinesh |   Link | Aug 22, 2014 11:52:36 AM
Wonderla IPO of similar size.. 35% allocated to Retail Investors, almost 8 times over subscribed. Snowman 10% to Retail investors so if same number of investors put money into it then it will be 28 times over subscribed. So chances are only 1 out of 25 investors will get one lot? Is it worth applying?
kdevrukhkar
12. kdevrukhkar |   Link | Aug 22, 2014 11:51:42 AM
Please provide me more details on same
amit rajput
11. amit rajput |   Link | Aug 22, 2014 11:01:03 AM
I am requesting all member to raise your voice against this frod of sebi against retailer please write to mail to pmo cnbc awwwaz and sebi and news channel
MONEY HI MONEY
10. MONEY HI MONEY |   Link | Aug 22, 2014 10:50:30 AM
mail your protest regarding 10% reservation in ipo to sebi/ finance ministory / pmo
MONEY HI MONEY
9. MONEY HI MONEY |   Link | Aug 22, 2014 10:47:34 AM
in sme issues where 3rd class companys are comming minium application money is rs 2lac and no reservations for qib where good companys are comming through ipo route only 10% for retail and allotment on minimum lot size this is nexus between big operators/qibs and sebi. logic is simple if retail want good shares they have to pay higher amount and by from qibs from open market and now is also easy for operator to menupulate share on listing day bcos retail will not get allotment in good ipos simple rule greater demand higher price. so guys protest against such decision taken by sebi mail this to sebi / finance ministory/ pmo
amit rajput
8. amit rajput |   Link | Aug 22, 2014 10:44:54 AM
SEBI is working for benifit of QIB not for retailers QIB want to make more listing gain so please retailer dont purchase share in open market after QIB listing gain otherwise u will be trapped
Vinod chaturvedi
7. Vinod chaturvedi |   Link | Aug 22, 2014 9:22:00 AM
This is the real face of present Govt who does not want the benefit of common man. Aage aage dekho hota hai kya?
Aris
6. Aris |   Link | Aug 21, 2014 8:47:40 PM
This is really upsetting, How retail will get the allotment in such a low reservation. Unable to understand the reason behind this , how sebi is going to protect the retail investors as they will have only 10% participation and QIB is having 75% participation. This is totally giving control to QIB.

Again making Retail investors are minor investors by rule and law.
Jignesh sanghavi
5. Jignesh sanghavi |   Link | Aug 21, 2014 7:44:53 PM
WHAT IS THE GREY MARKET PREMIUM???
prakash kundur
4. prakash kundur |   Link | Aug 21, 2014 2:50:24 PM

RETAIL INVESTORS TO LOSE OUT WITH 10% ALLOTMENT.

The new SEBI guidelines are to the detriment of retail applicants.
All this time there were hardly any worthwhile new issues hitting the market.With many good issues about to approach with IPOs, retail applicants are going to be the losers.
Even when there was 35% reservation for good issues, the allotments were mostly ZERO.
You can imagine the position when it is reduced to 10%.
The reduction is without merit and needs to be protested by the retail investor community.

Please send mail to sebi@sebi.gov.in to highlight the discrepancy.
Otherwise we will not get allotments and will become fully a lottery scheme.
I have sent a mail as follows to SEBI for whatever it is worth.
We also need to bring this to the notice of the Prime Minister and the Finance minister.Else tata bye bye, IPO allotment.
You may only get allotments in DUD issues where the QIBs and NIBs have not participated.

Dear Sir,

SEBI has been changing the guidelines for IPOs to protect the interests of retail investors.
Particularly when they are not well informed about the risks of investing in an IPO.
With not much of past performance available particularly for IPOs from companies in virgin sectors, retail investors might lose out.
All this is very laudable.
But the new guidelines about the share of reservations to retail applicants, reduced from 35% to 10% is a retrograde step.Particularly when SEBI and all authorities are saying, retail investors must take part in IPOs.With only 10% reserved for retail investors, they will lose out to big investors of the QIB and NIBs.

How will they get allotment with huge over subsricptions expected in good issues?

This is to the detriment of retail investors.They will lose out on the opportunity of building a portfolio steadily over time.
Once the shares are listed and start quoting, it would have become expensive and they will have to stay away from them.
Only the big guys like QIBs and NIBs will make money by selling off the IPO shares on listing that SEBI so generously made available to them at the cost of retail investors.

With the equity markets looking up so many small/retail investors would want to participate in the IPOs.But they will be disappointed with regular ''NIL'' allotments and over a period of time stay away.

How will the new system of reducing their % shares help retail applicants when the issue is rated by rating agency and from a good background.Those are the issues that will get hugely subscribed and retailers will be disappointed.

Please revert to the old system wherein at least 35% of the issue was reserved for retail applicants.
You will be doing a favor to the retail investors.

NOT by reducing it to 10% which is a RETROGRADE step and will discourage them.

Please rectify the situation as more IPOs are lined up and retail investors need to participate in them and get allotment too.
This in fact has been the call of the Hon Prime Minister and Finance Minister, to whom this letter has also been sent.

Regards

Prakash Kundur
MONEY HI MONEY
4.1. MONEY HI MONEY |   Link | Aug 22, 2014 10:53:29 AM
prakesh i am sending my protest letter by mail to sebi/finance ministaryand pmo also
IPO MK RAJKOT
3. IPO MK RAJKOT |   Link | Aug 21, 2014 12:53:35 AM
issue allocation-
Qib75%
Hni15%
retail-10%
why only 42,00,000 lac shares to retailers out of
4 crores share of total issue.
It is unjustified to retail investors.
SOMPRASH
2. SOMPRASH |   Link | Aug 20, 2014 11:37:04 PM
Yes SEBI has changed the rule to protect the retail investor`s interest by minimising only 10% so that higher participation by QIB would strenthen the confidence of poor retail investors.
anubhav
1. anubhav |   Link | Aug 20, 2014 10:11:02 PM
Why only 10 % to retail investors?
Is there any change in rule for retail portion by SEBI ?
Anyone aware of the new rule. Did not find anything by googling it.