Vadivarhe Speciality Chemicals Ltd IPO Message Board (Page 3)

18000 SUBJECT TO @ JAIPUR

Guys,

Has anyone who has applied through icici have got forms rejected.

I have applied through multiple application and all have got rejected and reason given PAN not updated even though its already updated. Its icici technical error

Please check . I will make a complaint with ICICI

Final subscription figures

Current GMP 15k-17k this is like zota & open with little higher price

Sub2 rates 15k-17k in Ahmedabad

36.665 times subscribed in retail till now. Total 59838000 shares applied against 1632000 shares for retail.

what phenomenal response.. 40.7 times subscription

Update GMP please

Nii 18.2 ×

Rii 8.8 ×

Total 6.2 ×

Where are the qib Sir.till now not subscribe

Sometimes QIB subscribe little late (moreover it will be too late that the issue won''t appear for us to apply onlineasba) :-P

shares to be allotted in 3000 or more for successful applicant or any minimum lot size

As the subscription for the issue is ~40x in total, if you have applied between 1 to 20 lots, you will get allocated either 0 shares or 3000 shares (not more than that).
For people applied greater than 20, proportionate shares (in multiple of 3k) will be allotted (if surplus shares are more than 3k per applicant) or application number is even/odd number, etc., (it''s a very complex lottery process).
You can look at BOA of InfoBeans Technologies Ltd (at http://cmlinks.com/pub/ba/bashow.asp?code=65878) which got subscribed 31.3x to get some clear picture.

Where can we find the subscription figures

https://www.nseindia.com/emerge/live_market/content/live_watch/ipo/sme_ipo.htm

QIB has participated now in the process (unless someone applied under wrong category :-P ) with 36k shares.
Nearly 20% of market-makers bid (it''s small - but healthy for listing gains).
Issue subscribed 36x so far. Cheers

Unbelievable show. ...... Surely even m shocked ..... Exceptional ...... We went for long term bt short term people will also gain here seems ..... Hope for allotment now .... Fingers crossed

Gala ji
What are views on Globe textiles & which main board ipo''s are you going to apply?

No participation in any smes ryt now ...... From main board cdsl Eris and au fin applying

Total 36.09 times

Day 3 subscription
Rii 26x
Other 42x

VSCL IPO
Subscription figures as on 25/05/2017 14:20

NII 34.10x

RII 16.16x

Total 23.76x

Vadivarhe Speciality Chemicals Limited - bids received as on 25-May-2017 14:00:00 IST

Total Issue Size      3444000
Total Bids Received      39654000
Total Bids Received at Cut-off Price      -
No. of times issue is subscribed      11.51

MSG No.31. Correction Post issue Promotor stake 73%

This issue will be subscribed ~22 times.
Out of 38856k shares (bid), 36786k shares are from Individuals investors (RII+NIIr).
~5% bids are from corporates+others and still waiting for QIB to open their account.
In past 4 months, all the SME-IPOs for which subscription was greater than 20x, there were huge participation from QIBs (at-least more than what is allocated to market-makers) and all (7) of them locked in UC on listing.
This (probably) will be the first such SME-IPO to get subscribed more than 20x (without any QIB participation).
So, listing gains might not be there; bid if-and-only-if you want to hold for long-term (and have trust on fundamentals of this issue).

VSCL Subscription figures as on 25/05/2017 13:45
Nii 7.81×

Rii 14.78x

Total 11.30×

Nii 66 ×

Rii 13.5 ×

Total 10.2 ×