Thursday, December 16, 2010

IPO NEWS - PUNJAB & SIND BANK FINAL TALLY - 50.41 TIMES

5 comments:

  1. i knew it...thats the reason i didnt apply...looks like 2 lakh limit is turning retails investors away from IPOs

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  2. Yeah u r 100% right.
    The increase of 2lac limit with out increasing retail quantity, is just to keep retailers away from primary market.

    Like MOIL, for PSB also 1 lot for 2lac appli.. :(

    -Nirmal.

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  3. gud ipos turning into a joke for retail investors! Where on earth will u find such frenzy market!

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  4. Dear Prasanna,

    Increasing the retailers' limit from 1 lakh to 2 lakhs is not at all favouring the retailers. It is only helping the HNI to enter into the retailers' quota. Most of the retailers do not have 2 lakhs and they are struggling to get allotment in IPO while applying with the lesser amount.

    What is your opinion and advice regarding this matter?

    Can you please highlight this depression among the retail investors in the leading News Papers and the finance journals.

    Or if you can move with SEBI, please express our views to them.

    Otherwise lot of retailers will be out of IPO.

    Thanks and Regards
    Subramanian

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  5. First Choice IPO had already made representation to the SEBI for reduction in limit to Rs 1 lac. You are right, HNIs are cornering the the retail quota. Let see what SEBI do. We have also suggested to increase the retail quota to 60%, from the present 35%.

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