Thanks Sreedhar Bhai for your most valuable advice regarding SKS when every person was crazy about SKS including all media & Mr Murthy etc. In our website everyone was praising the clown SJ you gave the correct direction.As I had been a follower of you since beginning I blindly followed your advice even though I felt at that time why Bhai was telling like this. Even when I asked whether I can buy at 950 you asked to avoid saying it will go below 700.That was another great call.
People come give a cameo like that clown who recommended Cantabil,Ramky,Microsec & SKS ETC.Now his chelas who followed him & ignored your advice are learning the lessons hard way.
This I am giving for the benefit of new members So that they do not follow advice of any member who stays on 24*7 on chittorgarh board & think he is the ultimate expert.
1222. sreedhar Aug 27, 2010 10:58:11 PM IST Report Spam Dear Natarajan, Front page banner headlines today in Sakshi ,APs No. 1 vernacular daily.It gives in detail the atrocities being committed by Micro finance companies.The agents of One company which is going to come with its IPO soon has even suggested one of the loan takers to pay the instalment at any cost even if it meant to resorting to flesh trade.These news are becoming frequent & now have started attracting media attention.Already RBI has stated its intention to curb the Micro finance companies & now with media Joining the bandwagon,the balloon will be pricked in near future.
I have a demat ac with Indiabulls and another one with ICICIDIRECT in the same name, but attached with different ac nos. Can i apply for same IPO from both acs. Pls advise
Its clearly mentioned not the allotment but the transaction you make for the ipo,you give a cheque for 2 lac which gets debited in your bank account thats a transaction.that transaction should be reported
People are so concerned that if you invest with full lot of Rs 2 lacs then you need to disclose the transaction to the income tax authorities. There is 1 catch that if the lot size in multiple of number of shares does just shy away from Rs 2 lacs even by Re 1 then you need not disclose the information as the amount will be less than Rs 2 lacs. Happy investing!!!!
Clarifications by Central Board of Direct Taxes vide Circular No.07/2005 dated 24thAug, 2005(4)REGARDING THE POINT NO 5 "The amount actually received from the transacting party and not the amount relating to allotment is to be reported." BUT NOT THE ACTUAL AMOUNT APPLIED.
Amount will be reported only if the alloted share value is more than Rs 1 Lakh
News that the new shares of powergrid will list on Nov 26 and not on Nov 23 (Business Standard Sectoion II ). People expecting refund to apply in RPP Infra are likely to be disappointed.
181. M Gupta| Link| Bookmark|
November 19, 2010 8:47:46 AM
IPO Guru (1000+ Posts, 2900+ Likes)
178 MADDANNA JI
IF YOU ARE RIGHT THAT THE SHARE IS PRICED AT RS. 600-650 THEN IT IS PRICED EXTREMELY HIGH AS IT WAS SAID TO PRICED @400 EARLIER..
"An Economist explains his reason for having two Wives.... First, "Monopoly should be Broken" Second, "Competition Improves the Services!!" Good Morning