Union Bank Allotment

Gaja · 26 Re: Union Bank Allotment Fri Mar 11, 2011 2:00 pm

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will today turnover pass 1 billion mark

mark · 27 Re: Union Bank Allotment Fri Mar 11, 2011 2:06 pm

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Gaja wrote:will today turnover pass 1 billion mark

seems not.............a dark gloomy day............ Crying or Very sad

milanka · 28 Future IPO strategy Fri Mar 11, 2011 2:08 pm

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Antonym wrote:This will come as a disappointment to most people. The only happy ones will be those who applied for a small number of shares. Anyway, let's see at what price it trades...

In the context of this allotment, what strategy is good for future IPOs?

Three Options

1. Not to apply but look for buying oppertunities for same stock on 1st few days.
2. Apply for Min qty and then look for buying oppertunities on 1st few days.
3. Must not get funds on OD's
3. Use the BG facilities - must not block cash for 10 days. - until refunds

Trader · 29 Union Bank - PUBLIC issue or PRIVATE placement? Fri Mar 11, 2011 2:16 pm

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The basis of allotment is more like a private placement rather than a public issue as the allotment favours employees and customers. 'Others', meaning the public, have got virtually nothing !! Mad

2011_NewComer · 30 Re: Union Bank Allotment Fri Mar 11, 2011 2:29 pm

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dimuthubas wrote:Finally I got 600 bcoz i use 5 other family members.. I applied only 300 per person.. in one way im happy.

This I feel & Realized even before the IPO, Genuinely they have selected the people and REALLY they didn't have any intention to offer more shares to outside inverters and only they wanted to treat the Existing share holders & its Customers.

Anyway I knew & guess that i might get only 100 per person..
better than nothing. good @ this Red Market.

How do you apply using family members? Do they also have CDS accounts? Like to know how to do that. please explain Smile

ndnk · 31 Re: Union Bank Allotment Fri Mar 11, 2011 2:31 pm

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2011_NewComer wrote:

dimuthubas wrote:Finally I got 600 bcoz i use 5 other family members.. I applied only 300 per person.. in one way im happy.

This I feel & Realized even before the IPO, Genuinely they have selected the people and REALLY they didn't have any intention to offer more shares to outside inverters and only they wanted to treat the Existing share holders & its Customers.

Anyway I knew & guess that i might get only 100 per person..
better than nothing. good @ this Red Market.

How do you apply using family members? Do they also have CDS accounts? Like to know how to do that. please explain

Yes family members have to hav cds accounts in their ID. Then later u can even transfer the shares to your own account even ne,,, Razz

own · 32 Re: Union Bank Allotment Fri Mar 11, 2011 2:54 pm

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Y my broker advise me to not to sell on initial day of trading? Will it move further like PAP?

smallville · 33 Re: Union Bank Allotment Fri Mar 11, 2011 3:06 pm

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since the allocation is so small even the ppl with bank drafts are gonna get a smaller qty, hence there'll be huge buy orders in the middle (say around 28-30) so the price movement may hinder..
Customers are allocated a much larger amt, so even the selling pressure may seen cuz of the profit taking dillema, we've seen drama with LGL before rite?
when big ppl collect enough they'll eventually push it up...

Ok thats only my idea, we can hear different scenarios too ;-)

So its best to observe the first day.. after all u're most probaby have gooten 100-500 shares.. so wat r u aiming at a Rs.3/ to 5/-profit??? Rolling Eyes

Aamiable · 34 Re: Union Bank Allotment Fri Mar 11, 2011 3:09 pm

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ndnk wrote:

2011_NewComer wrote:

dimuthubas wrote:Finally I got 600 bcoz i use 5 other family members.. I applied only 300 per person.. in one way im happy.

This I feel & Realized even before the IPO, Genuinely they have selected the people and REALLY they didn't have any intention to offer more shares to outside inverters and only they wanted to treat the Existing share holders & its Customers.

Anyway I knew & guess that i might get only 100 per person..
better than nothing. good @ this Red Market.

How do you apply using family members? Do they also have CDS accounts? Like to know how to do that. please explain

Yes family members have to hav cds accounts in their ID. Then later u can even transfer the shares to your own account even ne,,,

Returns from IPO are tiny, I go for a diversified liquid portfolio under IPO cerrcunstances. Most of those funds will be retuned next week shares like COMB ,BRWN,JKH, SAMP,CFLB, LFIN can fast return to normal, liquid and fundermentally strong shares can rebound soon.

wmdcf · 35 Re: Union Bank Allotment Fri Mar 11, 2011 3:19 pm

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One of my friends told me he paid Rs .3500 for 30laks bank guarantee only for 1lak deposit. Razz

Last edited by wmdcf on Fri Mar 11, 2011 3:21 pm; edited 1 time in total (Reason for editing : formatting)

dimuthubas · 36 Re: Union Bank Allotment Fri Mar 11, 2011 3:23 pm

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@ 2011_NewComer

It's a simple thing that most of them doing.
Those family members need to have CDS accounts & Apply by their name to their CDS accounts. U give/ Invest money behalf of there names (its ur money. But those members are not doing investments @ stocks.. And they must be trustworthy). So finally @ market u can decide the price & time to sale.. its simple like that
Wink

2011_NewComer · 37 Re: Union Bank Allotment Fri Mar 11, 2011 3:48 pm

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thanks dimuthubas Smile

So later you transfer the stocks to your account or you trade using their accounts (6 accounts Rolling Eyes

)

How to transfer shares to some one else? that I have to talk with the broker and do?

(I am a beginner..so trying to learn things ) flower

smallville · 38 Re: Union Bank Allotment Fri Mar 11, 2011 4:03 pm

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wmdcf wrote:One of my friends told me he paid Rs .3500 for 30laks bank guarantee only for 1lak deposit.

That cant be.. for 3 mil he has to pay around 20K interest.. would u share the bank name, might be worthwile for us all in next IPO Shocked

hotstock · 39 Re: Union Bank Allotment Fri Mar 11, 2011 4:05 pm

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wmdcf wrote:One of my friends told me he paid Rs .3500 for 30laks bank guarantee only for 1lak deposit.

Looks like banks and brokers are mostly profited during IPOs

tubal · 40 Re: Union Bank Allotment Fri Mar 11, 2011 4:06 pm

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Antonym wrote:This will come as a disappointment to most people. The only happy ones will be those who applied for a small number of shares. Anyway, let's see at what price it trades...

In the context of this allotment, what strategy is good for future IPOs?

My strategy for future IPOs is don't bother. I haven't applied for an IPO since DIAL Very Happy

tubal · 41 Re: Union Bank Allotment Fri Mar 11, 2011 4:10 pm

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smallville wrote:since the allocation is so small even the ppl with bank drafts are gonna get a smaller qty, hence there'll be huge buy orders in the middle (say around 28-30) so the price movement may hinder..
Customers are allocated a much larger amt, so even the selling pressure may seen cuz of the profit taking dillema, we've seen drama with LGL before rite?
when big ppl collect enough they'll eventually push it up...

Ok thats only my idea, we can hear different scenarios too ;-)

So its best to observe the first day.. after all u're most probaby have gooten 100-500 shares.. so wat r u aiming at a Rs.3/ to 5/-profit???

I have said this many times and people must be really angry with me by now, but I will say it again: "Don't buy IPO shares at a premium on the secondary market, there are more attractive bargains available"

isuru_ra · 42 Re: Union Bank Allotment Fri Mar 11, 2011 4:14 pm

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oh shit i got my money back from union bank. they only taken 25X100 = Rs 2500/= Sad

tkc · 43 Re: Union Bank Allotment Fri Mar 11, 2011 4:18 pm

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isuru_ra wrote:oh shit i got my money back from union bank. they only taken 25X100 = Rs 2500/=

Don't worry bro!! Wink

milanka · 44 Re: Union Bank Allotment Fri Mar 11, 2011 4:26 pm