7 Dec 2013

Care IPO Refund Process is complete. Check your Bank account link with D’mat account.

I just solve one refund related problem. If you have any refund related problem contact your Broker for checking your refund status or send query to Registrar.

QUERY : –  APPL. NO. SHOWING IN REJECTION LIST. REASON BID NOT REGD. ONLY APPL. RECD.

Answer from Register : Refund order bearing no.4xxxxx  for Rs.90,000.00 has already been dispatched to the investor on 31.12.2012 by regd – post vide regd letter no.4xxxxx.

Name Of Company CARE
BSE Script Code 534804
BSE Script ID (BOLT) CARERATING
ISIN No INE752H01013
Issue Price Rs. 750
Date of Allotment 21 Dec 2012
Listing Date 26 Dec 2012
Opening Day Rate 932

 

The latest details of subscription by investor category were not immediately available. 

Total 3,19,350 Application received & Available Lot 1,25,994  Balance 1,93,356 Application reject for Allotment they shorty received full refund amount.

 

NO of LotsNo of Equity Shares at each lotNo. of retail bidders applying at each lotTotal No equity shares applied for at each lotNo. of retail bidder who shall received min bid lot ( to be selected on lottery)
ABCD= B*CE= (1,25,994/3,19,350)*C
1202,45,68049,13,60096,929
24015,8566,34,1206,255
3609,1995,51,9403,629
4804,5053,60,4001,777
51005,8325,83,2002,301
61207,8929,47,0403,114
71403,8315,36,3401,511
81601,2231,95,680483
91806571,18,260259
102002,3244,64,800917
112204801,05,600189
122408432,02,320333
1326021,03154,68,0608,297
3,19,3501,50,81,3601,25,994

The retail portion was subscribed at least 6.5% with 3 lakh applications. Thirty-five percent of an equity issue is set aside for retail investors, source said.

CARE IPO Allotment Link – Registrar Karvy Computershare 

As per my view every retail investor not  received firm allotment. Allotment done by lottery system.

A total 3 lakh investor bid have applied in  the issue  The retail individual bidder category is oversubscribe 6.5%  (appro.) The total no of  equity shares offered retail bidders  is 2519895 and minimum lot size 20 shares, the maximum number of retail bidder who can be allotted bid lot will be  1,25,995 (25,19895/20) . The remaining 1,74,005 (3 lakh- 125995) retail  applicant will not get allotment and such bidders will be determined on basis of draw of lots.

It’s my personal assumption about this IPO. Final Subscription data not available. It’s rough idea, about not sure shot allotment in CARE IPO. 

Total 1,25,995 lot available for retail bidder & total Retail bidder 3 lakhs (approximate). What about balance 1,74,005 retail bidder, they get refund.

Reference : CARE- common bid cum application form – Page No 30  – 76 – B

 Grey market Premium

Date 8 Dec

Gray market rate 180-190

Date 7 Dec.

Gray market premium traded around Rs. 140 to 150 .

Kostak Rate 1500

 

11 Dec 2012

CARE IPO Subscribe 41  times, Retail portion only 5 times
NSE & BSE Subscription Data – 11 Dec 2012  Closing Data 

Category Issue Offer BSE NSE Total Subscribe     Times
Category I 25,19,896 3,11,58,820 8,42,54,060 11,54,12,880 45.80
Category II 10,79,955 10,92,80,720 1,05,54,840 11,98,35,560 110.96
Category III 25,19,895 91,92,220 63,70,640 1,55,62,860 6.17
  61,19,746     25,08,11,300 40.98

10 Dec 2012

Finally Oversubscribe CARE IPO   2.25 times

Monday 2 PM Subscription details – .48 time Subscribe Issue

Table 7 Dec 2012

CategoryNo Share OfferNo of Share Bid forNo of time subscribe
Day 2 10 Dec 2012
Category I25,19,89688,24,9803.50
Category II10,79,9554,14,1200.38
Category III25,19,89545,15,9801.79
Total61,19,7461,37,55,0802.25
Day 1 7 Dec 2012
I - QIB25,19,89600
II - Non Insti. Investor10,79,95522,5800.02
III - Retail Investor 25,19,8955,92,8600.24
Total61,19,7466,15,4400.10

How to take care before filling IPO Form

All investor to request Fill up Form clearly with Details

  1. Age
  2. Demat Account
  3. Bank Account
  4. PAN No
  5. City
  6. Qty as per Bid Lot
  7. Signature (without mismatch)