I might be proven wrong, but I shall wait for it to list.. I think tht there might be an opportunity to enter DLF at a discount from its issue price (most likely, 550).. I must admit tht my colleague, who tracks construction/real estate/infra sector (read, my company), has put a 'subscribe' rating on the IPO.. but then, we are entitled to our own independent view :) After all, its my own hard-earned money! PS: However, I am keeping an open mind towards Vishal Retail (most likely, will apply) and Roman Tarpat (yet to study its prospectus in detail) in the primary mkt..
I might be proven wrong, but I shall wait for it to list.. I think tht there might be an opportunity to enter DLF at a discount from its issue price (most likely, 550).. I must admit tht my colleague, who tracks construction/real estate/infra sector (read, my company), has put a 'subscribe' rating on the IPO.. but then, we are entitled to our own independent view :) After all, its my own hard-earned money! PS: However, I am keeping an open mind towards Vishal Retail (most likely, will apply) and Roman Tarpat (yet to study its prospectus in detail) in the primary mkt..
Yes,I too think somewhat similar but I guess the issue price would be less than maximum price range of Rs 550
I was thinking of ICICI FPO,how they will get Rs 10,000 crore from market as already the market price is Rs 900 and I heard the FPO is priced around Rs 900.
N abt Vishal Retail,still confused,in retail Pantaloon Retail remains my favorite.
Right now lookin at RPL,couple of sugar stocks and few media stocks
I guess the issue price would be less than maximum price range of Rs 550
Possible.. considering the size.. but already oversubscribed in the QIB segment.. however, we all know how these things are done, don't we?
I was thinking of ICICI FPO,how they will get Rs 10,000 crore from market
A big portion is going overseas.. but pricing of the FPO is certainly gonna be watched closely.. and its subscription shall remain loosely related to the price it quotes in its currently traded avatar.. N abt Vishal Retail,still confused,in retail Pantaloon Retail remains my favorite. Vishal's valuations are compelling, even compared to Pantaloon.. however, Pantaloon scores over all other retail players in terms of grand plans and swift execution, thus leading to an alarming rate of spreading.. but what impresses me abt Vishal is its focus on spreading in the B and C class cities n towns, vis-a-vis its competitors' expansions in metros.. tremendous untapped or less-exploited spending potential lies in the non-metros striving for better quality..
ICICI has agressively priced at 885-950 India's biggest public offer Bigger than DLF
Lets see what happens to this ICICI trying everything with Mr.Kamath going to US and all for roadshows.They have divided their top management for various roadshows at different countries.
ICICI wanna grow big and it has a lot of scope to grow
The combined market cap of all the banks in India is less than half of market cap of China's second largest bank.. So lot to work for
Akhil, your post betrays that u hold ICICI Seems, once this thread garners more active participants, we will have to implement a policy of giving disclosures, a la biz channels Anyway, taking into perspective another develpoment.. the CBDT circular released late Friday may result in some venom in the markets, at least on Monday opening..
Akhil, your post betrays that u hold ICICI Seems, once this thread garners more active participants, we will have to implement a policy of giving disclosures, a la biz channels Anyway, taking into perspective another develpoment.. the CBDT circular released late Friday may result in some venom in the markets, at least on Monday opening..
I had ICICI with me but sold it six months back Want to buy it, waiting for a fall
This thread don't attract much participants,god knows why I don't think dere is anything wrong in disclosure, it won't affect
And about the CBDT circular, I guess people have got a reason now to support a market fall
This thread don't attract much participants,god knows why
Comes as a surprise to me too.. more so, considering the fact that at least a third of all MBAs end up majoring in Fin.. and capital market is one of the more vibrant, interesting, intriguing and educating places.. IMHO, it even teaches human psychology, for tht matter :) Maybe the reason is, most Indian junta goes for MBA right after under-grad course or as a means of switch from an apparently saturated career, and then they select/decide their specializations depending upon what appeals to them during the first year.. And post-MBA, very few afford to remain active on PG.com..
Comes as a surprise to me too.. more so, considering the fact that at least a third of all MBAs end up majoring in Fin.. and capital market is one of the more vibrant, interesting, intriguing and educating places.. IMHO, it even teaches human psychology, for tht matter :) Maybe the reason is, most Indian junta goes for MBA right after under-grad course or as a means of switch from an apparently saturated career, and then they select/decide their specializations depending upon what appeals to them during the first year.. And post-MBA, very few afford to remain active on PG.com..
True I have seen a lot of users come and go in this thread for quite some time now
What you think about markets? People anticipating a fall from a long time but everytime when it falls,it rebounds. The inflation story was thrown in to pull it down but now that also seems to be blown away.
The stronger rupee has taken a toll on lot of companies but still its not like a great fall.
Same old story,some sectors buzzing coz they were missed out in the bus.Example-Media.look at UTV,Adlabs,NDTV
The much famous capital goods sector hasnt really moved.Auto sector has been downgraded.Sugar has not been able to recover.
Waiting for Q1 results and of course the DLF listing and ICICI FPO subscription numbers.
True I have seen a lot of users come and go in this thread for quite some time now
Waiting for Q1 results and of course the DLF listing and ICICI FPO subscription numbers.
True ive been a dormant follower of this thread.. :satisfie:
Anyways, coming to DLF.. i did not apply to them for two reasons... Firstly, Its PE ratio is too high... tat made me a lil apprehensive in applying to the shares. And second reason is i feel we wud hardly get alloted the amount of shares that we wanna buy... the pro rata allotment wud bring down the number of shares which a person can take away.. :(
Right now im waiting for RNRL to go down... im really interested in RNRL.. Wud buy it if it comes below Rs.30... Its got tremendous potential.. :satisfie:
i feel we wud hardly get alloted the amount of shares that we wanna buy... the pro rata allotment wud bring down the number of shares which a person can take away.. :(
I posted this info on another thread (Fin for non-Fin MBAs).. DLF IPO has been priced (issue price) at Rs 525.. this comes as a result of - there were not as many buyers for the issue at 550, as the company wud have liked.. and further, not all the buyers wud have bid at cutoff price..
In such cases, what happens in retail segment is FIRM ALLOTMENT.. that is whoever has bid for whatever number of shares at or above the determined issue price, shall get that number of shares.. Now, one might argue tht we may not know beforehand that the issue is not gonna get good levels of subscription.. but in case of mega-issues (like DLF), which even have some chinks in the armour, one might feel relatively assured of getting a good allotment ratio.. @akhil.. these are turbulent times.. our markets appear to be tiring, if we compare weekly gains in major world mkts.. but in my opinion, the long-term bull mkt story is intact.. a 1,000+ pt fall on the Sensex is not a bear mkt.. corrections are in fact healthy for the growth story to sustain.. it allows for the muck (read, unworthy stocks) to settle down n cool off, which may have run up merely on general bullish sentiment, rather than on fundamentals/news.. Currency is keeping those companies down which rely on exports, particularly to the US.. inflation has been reigned in, but it is also owing to higher base effect during same period last yr.. however there shud not be another interest hike in the near future.. Q1 results may turn the wind in some of the IT bigwigs' favour again.. Despite increasing interest rates, worldwide consolidation in the BFSI space is keeping the sector buoyant.. while in media and aviation, prolific players taking stake in the front-runners is fuelling the stock prices.. Auto may take a back seat for some time to come.. auto majors have announced production cuts to phase out old models.. rising interest rates deters ppl frm buying new vehicles on loans.. margins hv anyhow been declining over many quarters.. and Bajaj Auto has reported 17% lower advance tax figure for Q1FY08 (YoY).. To me, Tech (non-IT) midcaps and power are the spaces to watch for some time to come..
True ive been a dormant follower of this thread.. :satisfie:
Anyways, coming to DLF.. i did not apply to them for two reasons... Firstly, Its PE ratio is too high... tat made me a lil apprehensive in applying to the shares. And second reason is i feel we wud hardly get alloted the amount of shares that we wanna buy... the pro rata allotment wud bring down the number of shares which a person can take away.. :(
Right now im waiting for RNRL to go down... im really interested in RNRL.. Wud buy it if it comes below Rs.30... Its got tremendous potential.. :satisfie:
Do you think that one should apply for ICICI FPO ???
Do you think that one should apply for ICICI FPO ???
At least I won't.. when I am getting it cheaper (and with certainty) today itself from secondary mkt (considering the uncertainty of allotment, and locking money and thus losing interest), why wait for the 'gestation period'? It doesn't seem to be leaving much on the table.. certainly not for the short-term, or as they say, listing gains..
At least I won't.. when I am getting it cheaper (and with certainty) today itself from secondary mkt (considering the uncertainty of allotment, and locking money and thus losing interest), why wait for the 'gestation period'? It doesn't seem to be leaving much on the table.. certainly not for the short-term, or as they say, listing gains..
I agree to your point that one may get at a less price from the secondary mkt but this issue is giving Rs.50/- discount to all the Retail Investors and also you have 2 payment options... Thts why this issue looks attractive to me...:)
I agree to your point that one may get at a less price from the secondary mkt but this issue is giving Rs.50/- discount to all the Retail Investors and also you have 2 payment options... Thts why this issue looks attractive to me...:)
Regarding 'discount', as I said, u consider the cases: 1. You pay Rs 920/share and u get it today.. and u can sell off whenever u want.. 2. You subscribe to the FPO, u get Rs 50 discount to the issue price.. but u run the risk of not getting allotted.. and even if u do get allotment, it will be listed only after 3-4 weeks from now.. not only do u incur the opportunity loss on interest, but also get exposed to price volatility and u become a mute spectator.. u never know, we may even have another interest rate hike in this period.. Does the second option still seem enticing?! :) Regarding part-payment option, partly-paid shares wont be trade-able on listing.. there will be a time gap (havent gone thru the prospectus yet, in case of DLF the gap is of 3-4 weeks) between 'normal' listing and tht of partly-paid shares..
Regarding 'discount', as I said, u consider the cases: 1. You pay Rs 920/share and u get it today.. and u can sell off whenever u want.. 2. You subscribe to the FPO, u get Rs 50 discount to the issue price.. but u run the risk of not getting allotted.. and even if u do get allotment, it will be listed only after 3-4 weeks from now.. not only do u incur the opportunity loss on interest, but also get exposed to price volatility and u become a mute spectator.. u never know, we may even have another interest rate hike in this period.. Does the second option still seem enticing?! :) Regarding part-payment option, partly-paid shares wont be trade-able on listing.. there will be a time gap (havent gone thru the prospectus yet, in case of DLF the gap is of 3-4 weeks) between 'normal' listing and tht of partly-paid shares..
I think you are right... I'll reconsider my decision...
Regarding 'discount', as I said, u consider the cases: 1. You pay Rs 920/share and u get it today.. and u can sell off whenever u want.. 2. You subscribe to the FPO, u get Rs 50 discount to the issue price.. but u run the risk of not getting allotted.. and even if u do get allotment, it will be listed only after 3-4 weeks from now.. not only do u incur the opportunity loss on interest, but also get exposed to price volatility and u become a mute spectator.. u never know, we may even have another interest rate hike in this period.. Does the second option still seem enticing?! :) Regarding part-payment option, partly-paid shares wont be trade-able on listing.. there will be a time gap (havent gone thru the prospectus yet, in case of DLF the gap is of 3-4 weeks) between 'normal' listing and tht of partly-paid shares..
I guess ICICI people must try and make the spot price(current market price) increase a little otherwise it would be difficult for them to get the retail portion of the FPO subscribed. QIB and HNI may apply to the issue more as the case with DLF and I guess the biggest reason for this is they are not allowed to do open market purchases just like that,so an IPO or FPO is a better mode.
So,I think one can buy ICICI Bank now to get a decent short term gain.And I bet big speculators must take opportunity of this.Or rather they are already on with it.
I was expecting ICICI's share to increase looking at the upper band rate.It rose around 1% only and interestingly ICICI bank was today's most gainer share in Sensex.
I guess ICICI people must try and make the spot price(current market price) increase a little otherwise it would be difficult for them to get the retail portion of the FPO subscribed.
I guess, since foreign n domestic institutions themselves hold huge stake in it, n they themselves cant trade like normal traders/investors, it wud be a tall order to rig up prices artificially.. in such huge equity stocks, the sheer volume reqd to rig up prices is phenomenal..
So,I think one can buy ICICI Bank now to get a decent short term gain.And I bet big speculators must take opportunity of this.Or rather they are already on with it.
I was expecting ICICI's share to increase looking at the upper band rate.It rose around 1% only and interestingly ICICI bank was today's most gainer share in Sensex.
IMHO, the statement in green explains the statement in red
hello guys..new on to this thread....which is the next booming sector do u guys think after retail in india now.....?to invest or follow...
For me it would be banks,media and infrastructure
According to sources, the ICICI bank issue has subscribed 2 times and the reserved portion of QIB subscribed 4 times. And as expected ICICI bank is up about 2.5% and crossed 940.But the market overall was also up.
I bought Gitanjali Gems yesterday and its up 5% today
In between,Spice Tele has come out with its price band for its IPO at Rs 41-46.Recent news said that proposed merger/acquistion of Idea and Spice is not happening coz of valuation problems.
After the good response of Vishal Retail's IPO of Rs 230-270,people saying it can list above Rs 400.
According to sources, the ICICI bank issue has subscribed 2 times and the reserved portion of QIB subscribed 4 times. And as expected ICICI bank is up about 2.5% and crossed 940.But the market overall was also up.
I bought Gitanjali Gems yesterday and its up 5% today
In between,Spice Tele has come out with its price band for its IPO at Rs 41-46.Recent news said that proposed merger/acquistion of Idea and Spice is not happening coz of valuation problems.
After the good response of Vishal Retail's IPO of Rs 230-270,people saying it can list above Rs 400.
