Pipavav Shipyard: Anchor Investor

September 15th, 2009 Comments Off on Pipavav Shipyard: Anchor Investor

4 anchor investors have put in bids in Pipavav Shipyard Limited. The bids are for 30% of the QIB portion and are roughly valued at Rs 32 crs. Details are not yet known but three of the four investors are new investors and one of them is an existing investor.

These shares of the anchor investor carry a lock in of one year from the date of listing.

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Jindal Cotex: Basis of allotment

September 14th, 2009 Comments Off on Jindal Cotex: Basis of allotment

Jindal Cotex has finalised the basis of allotment and fixed the issue price as Rs 75 per share.

There will be 3.91 allottees for every Rs one lakh of equity. Firm allotment has been made to those retail participants who applied for 180 shares. There will be a total of 15,844 shareholders in the retail category. The HNI category would have 88 shareholders .The total issue was oversubscribed 2.017 times.

The issue is expected to list on Tuesday the 22nd of September 2009 on the BSE and the NSE.

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IPO Non-Allottment Rejection Reasons

September 14th, 2009 Comments Off on IPO Non-Allottment Rejection Reasons
  1. 1. Demat Account details furnished were found “Inactive”.
  2. 2. List of employees provided by the company does not reflect your name.
  3. 3. In terms of SEBI guidelines you are not considered as a QIB.
  4. 4. It is found that you have withdrawn your Bid.
  5. 5. More than One application found with same demat account details.
  6. 6. More than One application made with the same First holders name.
  7. 7. Amount paid was less than the price at which shares were allotted.
  8. 8. Applicant being Minor, not made by the Guardian.
  9. 9. Demat Account details furnished were found “Invalid”
  10. 10. Specimen signature(s) of the applicant(s) not affixed
  11. 11. Provision to bid at ” Cut-Off ” price is not applicable to HNI Category investors.
  12. 12. Amount paid with the application was insufficient to consider for allotment.
  13. 13. Partnership firms are not eligible to participate.
  14. 14. Residents of USA are not eligible for participating in IPOs in India.
  15. 15. Details of PAN Card required mandatorily, not furnished.
  16. 16. Details of demat account were not furnished.
  17. 17. Corporate Bodies cannot participate under Retail Investor Category.
  18. 18. Your bid against the application was not registered.
  19. 19. Your participation in IPO’s had been barred by SEBI.
  20. 20. Registration of your Bid was after 4PM on closing day of the Issue.
  21. 21. Application under ASBA with invalid demat account details.
  22. 22. Application under ASBA found with incorrect PAN Card details.
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