Team-BHP - Do you play the stock market

Quote:

Originally Posted by recshenoy (Post 2176071)

Thanks rkg. But i guess we need to take printouts and give a photocopy of PAN to the bank branch :) Not a straight forward process like we apply online like click transfer money and apply.

found the details in below website. How to apply IPO using ASBA? | Fintub - Financial Blog

No need for any photocopies of PAN or any thing else. You have to go the bank where your a/c is. In my case i go to SBI main branch even though i have a/c in another branch. just fill in the form downloaded from NSE site and give it. no need for check also. only requirement is balance in the a/c. Anyway would have taken your pan copy while opening the a/c . so no need to submit again

It is much simpler than submitting form with check like in earlier days.

Quote:

Originally Posted by recshenoy (Post 2175934)

MileCruncher,

I use shrekhan. So no ASBA. Need to open account in bank which provides 3 IN 1 account.

If you have an SBI online Banking account with transaction privileges then you can apply for the IPO through ASBA online. You have to furnish your PAN and DMAT account details while applying. DMAT account needn't be with SBI.

Quote:

Originally Posted by recshenoy (Post 2175961)

any one for PnS bank IPO? already subscribed 7X in RII. RII subscription might touch 20X on last day, that is tomorrow.

The RII category of Punjab&Sind Bank IPO was over-subscribed by record-breaking 44.45 times! I applied for the maximum number permissible shares, 1650, but I will have to be very lucky to get one lot of 50 shares allotted as this IPO is small compared to MOIL.

Quote:

Originally Posted by J.Ravi (Post 2177688)

According to ET and confirmed by MC

Quote:

Portion reserved for retail bidders got subscribed 8.38 times and non-institutional investors 22.91 times.

So if you applied for 1650 shares in the Retail category, then you should IMO get around 197 shares. :thumbs up

Quote:

Originally Posted by J.Ravi (Post 2177688)

Quote:

Originally Posted by Neilguy (Post 2177815)

According to ET and confirmed by MC. So if you applied for 1650 shares in the Retail category, then you should IMO get around 197 shares. :thumbs up

I sourced the information based on NSE, according to which, this is the final over-subscription data:

Do you play the stock market-psb-ipo.jpg

Quote:

Originally Posted by J.Ravi (Post 2177836)

I sourced the information based on NSE, according to which, this is the final over-subscription data:

This is what the BSE stats say!
I guess the final figure should be an average of all exchanges, right? BTW I'm no expert, so you can't quote me on this! :D

I suppose all this interest in IPO's has been generated after people felt left out of Coal India, if I am not wrong.

:) Grow up people, why beg for shares, to hell with IPO's and lets just trade in the secondary markets. Please don't take this remark as derogatory. Just think, standing in line for something which is being priced arbitrarily.

For your information, almost all the issues from 2009, have lost money in the markets. This I discovered after going through a list on some website, which listed IPO's right from 2008 onwards

Quote:

Originally Posted by Neilguy (Post 2177858)

This is what the BSE stats say!
I guess the final figure should be an average of all exchanges, right? BTW I'm no expert, so you can't quote me on this! :D

NSE data is combined data of both the exchanges. NSE gives combined as well as separate NSE data. BSE data is from BSE bids alone.

RII portion subscribed by 44 times is correct

This increase of limit for retail is a very bad move. It only favors the rich. Imagine a common man wanting to invest only 25k, for example. He will not get any shares, thanks to huge over subscription figures, due to max bidding from capable people. Bad move by SEBI.

^ SEBI, stock exchange and its ilk make more money via "Rich ppl" than poor.

Why should they favor the poor? This (stock markets) is not a socialist checklist item.

Nice to hear that. Thought I am the only person to have that view.

What gets my goat is the posturing by the SEBI about "small investors". One of the funniest definitions for the term "small investor" is the one bandied about the depositories. Anybody with less than One lakh face value is said to be a small investor. (sorry, cannot trace teh link right now) I am feeling funny. That would translate into couple of crores even for small value stocks.

Quote:

Originally Posted by alpha1 (Post 2180152)

^ SEBI, stock exchange and its ilk make more money via "Rich ppl" than poor.

Why should they favor the poor? This (stock markets) is not a socialist checklist item.

The small investor is left with very little places/choices to earn good returns on his small sum. Any other instrument of the Govt will attract tax, which is a good part of returns for a small investor, or makes the investment locked up for few years. Stock market spares the small investor tax neither, but he is ok with that anticipating the good returns. But now you are saying, dear small investor you apply, but you will not get stocks also, because I have to first give it to the rich..

Huge oversubscription numbers is good for no investor of any kind.

Lets stop cribbing and lets discuss some strategies to make money here.

How many here are willing to learn how to trade the markets on a swing basis ( 2 to 5 days ) ?

I am willing to share a few patterns that work if followed over 25 trades, continuously, without picking and choosing trades.

I need wide participation to start.

PS: I am going to teach on how to trade the Nifty futures only.

Quote:

Originally Posted by Altaf Petiwala (Post 2184387)

Altaf,

Go ahead and start man, I'm very interested. I would like to learn to do some trading on Nifty. If you donot find enough support to warrant a new thread, I'd appreciate if we could do it via PM or something.

Thanks !