SKS Microfinance IPO

Small scale finance company SKS microfinance has opened its issue on: Jul 28, 2010 and closes on - Aug 02, 2010

Issue Price: Rs. 850 - Rs. 985 Per Equity Share
Market Lot: 7 Shares
Minimum Order Quantity: 7 Shares


Retail subscription is >4 times . So those who has applied 4 lots, might get one lot only.

Happy Investing

Retail oversubscription is 2.81 times

allotment expected

appl for 7 to 14 shares - may get 7 shares by lottery
appl for 21 to 98 shares - will get FIRM ALLOTMENT . divide application quantity to know shares expected .

Listing Expected

Since QIB is 20.38 times and NIB 18.26 times ,price may be announced 985 and Listing may be expected 5%+

Have applied for 2 lot and 5 lots separately

Hope to get out at 10% profit..Not much positive about the issue except the field

you may get 10% including the retail discount allowed.

for 5 lot appl will get firm 13 shares ,
for 2 lot appl best of luck for 7 shares allotment in lottery

Price fixed at 985

source::Sms via hdfcsec received

when u had received that sms for same @ 985/- whether does they have facility to provide information about IPO

Nope but i am hdfc preferred customer and have my mobile updates enable on their side

how did you analyzed everything like a robot..?? :thumb:
kindly share the knowledge of computing it and to analyze any IPO
talking about exspecially your lastline ......

dear rocky,

Its simple calculations and not predictions.

1. Retail oversubscription : you can view final subscription on close of issue at NSE and BSE site , even you can watch daily bids which are being updated seperately every 5 mnts and consolidated every hour.
2. Allotment expected : minimum allotment has to be one Lot , say 7 shares in this case . you just divide your application quantity with Retail oversubscription . If it is more then 7 then firm allotment as actual shares calculated . If it is less then 7 shares then instead of rejecting your application they will allot 7 shares by Lottery to few lucky one.
3. Listing Expected : NIB applictions are hardly 1000 to 2000 depending on the issue . these are 90% financed . we may take 0.60% as financial charges.
Now if an NIB appl is made for 10000 shares say Rs 1 crore , with 18.26 times over subscription in NIB , he may get 550 to 600 shares . Intrest burden @ 0.6% on 1 crore will be 60000 , so his break even will be 100 / share , this a retail investor may expect on LISTING ,

hope to see you calculate as above in pipavav IPO

Hi goodbrother,

You have explained SKS scenario considering the NIB oversubsciption , but in other IPOs, for example IL&FS Transport you have considered the overall subscription. which subscription must be considered under what scenarios, can you explain please ? i'm keen to understand the calculations.

If possible, can you elaborate the calculations of IL&FS please.