IPO Grey Market Premium (October, 2012 Messages)

IPO Grey Market is the over-the-counter market where deals are done in-person only among the trusted group of investors. The deals are usually facilitated by the broker in neighborhood. In this market, an investor could sell IPO share or IPO application before the company gets listed on the stock exchange.

IPO Grey Market Premium (IPO GMP) is the premium at which the IPO shares are traded in the grey market. Kostak Rate is the rate at which you can sell the IPO application for a fixed price irrespective to you get IPO allotment or not.

Note: The messages express the views of the author of the message. We do not actively monitor the contents of posted messages on this forum. We are not responsible for the contents of any messages posted. Do not vouch for or warrant the accuracy, completeness or usefulness of any message.

This page shows the archived IPO Grey Market Messages received in October, 2012

Current IPO Grey Market Premium in India  Grey Market FAQs


IPO Grey Market Discussion

October, 2012 Messages

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Jinnie
12. Jinnie  Oct 23, 2012 15:54 I Like It. | Report Abuse
7192. NARAYAN GILRA
Bronze infra-tech Ltd IPO
No way that we should apply the ipos of BSE.SME exchange
it is a trap which can overpower you anytime
ipo rule do not apply ipos of BSE.SME Exchange
NARAYAN GILRA
11. NARAYAN GILRA  Oct 23, 2012 14:33 I Like It. | Report Abuse
is bronze ifratech fully subscribed?
Jinnie
10. Jinnie  Oct 20, 2012 16:52 I Like It. | Report Abuse
Bronze infra-tech Ltd IPO,
Ek dam chor company hai
and they want to make choona to investors
100% avoid this one
Shah Chintan
9. Shah Chintan  Oct 10, 2012 09:24 I Like It. | Report Abuse
Rashtriya Ispat Nigam Ltd (RINL) IPO has been postponed for the 3rd time. The PSU IPO was planned to open on Oct 15th to sell 10% government of India stakes in the company.
While the exact reason to defer the IPO was not disclosed by the finance minister P Chidambaram, sources said that the merchant bankers had suggested a price band of Rs 15-17 for RINL shares, which was not acceptable to the Ministry of Steel. The Ministry insisted that the share price should be above the book value of Rs 22.
This is the 3rd time when RINL IPO is deferred and surly a setback to the disinvestment program of Government of India plans to raise Rs 30,000 Cr though stock sells in PSU’s. The RINL IPO was first to kick start the disinvestment program.
No further detail is provided by finance ministry on the future plans for RINL IPO.
sri nivasM
8. sri nivasM  Oct 9, 2012 17:39 I Like It. | Report Abuse
RINL rate is higher side????
Divyrajeshm
7. Divyrajeshm  Oct 9, 2012 15:40 I Like It. | Report Abuse
RINL - 1950
Rtiwadhwani
6. Rtiwadhwani  Oct 9, 2012 14:20 I Like It. | Report Abuse
Hi!!!! what is the kostak rate for Rashtriya Ispat Nigam Limited IPO.
Shah Chintan
5. Shah Chintan  Oct 9, 2012 12:07 I Like It. | Report Abuse
IPO FORMS ARE AVAILABLES
Shah Chintan
4. Shah Chintan  Oct 9, 2012 09:41 I Like It. | Report Abuse
MOST OF BROKER HAVE RECEIVE SAME DETA
Shah Chintan
3. Shah Chintan  Oct 9, 2012 09:35 I Like It. | Report Abuse
I HAVE FOUND THIS CONFIRM DETAIL FROM ONE OF SYNDICATE MEMBER OF THIS IPO.
IPO SHOKHIN
2. IPO SHOKHIN  Oct 8, 2012 15:50 I Like It. | Report Abuse
CHINTANBHAI GOOD JOB, CONGRATULATION FOR NICE WORK
CAN U TEL ME FM WHERE U FIND THIS USEFUL INFO ?
TNKS BRO
Shah Chintan
1. Shah Chintan  Oct 8, 2012 10:17 I Like It. | Report Abuse
Rashtriya Ispat Nigam Limited IPO.



BRLM: UBS Sec India Pvt Ltd/ Deutsche Equities (I) Pvt Ltd

Syndicate Member: Karvy Stock Broking Ltd/ SMC Global Sec Ltd

Issue Period: October 15– October 18, 2012

Issue Period (For QIB): October 15– October 17, 2012

Issue Period (For Retail & HNI): October 15– October 18, 2012

Price Band: Will be announced within TWO working days Prior to the Offer opening date.

Lot Size: Will be announced within TWO working days Prior to the Offer opening date.

Retail & Employee Discount: 5% on the offer price can be availed at the time of submitting the bid.

Registrar: Karvy Computershare Pvt. Ltd.





Retail Appl Size: Rs.2,00,000/-



Issue Size: 488,984,620 Equity Shares of face value Rs.10/- each through offer for sale by the President of India, Acting through the Ministry of Steel, Govt. of India. 10% of Post offer paid-up Equity Share Capital

Employee Reservation: 48,898,462 Equity Shares for Eligible Employees

Net Issue: 440,086,158 Equity Shares

QIB Book: 220,043,079 Equity Shares (50% of Net issue size)
Retail Book: 154,030,155 Equity Shares (35% of Net issue size)
HNI Book: 66,012,924 Equity Shares (15% of Net issue size)

Listing: NSE & BSE

IPO Grading: “IPO Grade 4/5” by India Ratings & Research Private Limited



* In case of over-subscription in the Retail Portion, the Selling Shareholder and the Company, in consultation with the BRLMs, may, at their sole discretion, decide to allocate up to 50% (but in no event less than 35%)of the Net Offer to Retail Individual Bidders. In case of such increased allocation to Retail Individual Bidders, the allocation in the QIB Portion will be proportionately reduced.








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