Feedback Message Board

Bharat Electronics Offer for Sale (OFS) Review 22nd Feb 2016 Article's Messages

1 Comments

1. Vikram

| Link|February 23, 2017 9:26:16 PMReply

Retail Cut-off = Rs 1558.00
Net cost to retail investors Rs 1480.10 (5% discount from 1558.00)

Non Reail Cut-off = Rs 1499

I don't understand why the cut-off is different for each category?

I applied it on cut-off price and feel bad about it now. I should have applied on lower price and better didn't get the allotment.

Load more comments (2 replies)

1.3. Irrational

| Link|February 24, 2017 3:44:03 PM

Hi Vikram,

Yes your logic is correct and you should be happy to not get the allotment. In the past also this was the case like in MOIL(cutoff more in Retails than in Others). But if you want to buy MOIL on monday you will get it for less than the retail''s price (358).

Conclusion: Do not apply for any PSU OFS at 52 weeks high.

1.4. M C

| Link|February 27, 2017 4:33:57 PM

Seems the logic is bad. The system should make one pass to determine the price and then another to allot in FCFS if the price is exceeded by the customer''s bid. Over-subscription cannot rule out FCFS.