Day Trading Stocks & Futures

[travi]

some golmaal reported on tv some 130 crore rs share shorted in cash market 1 week back via slb route

any other link/source of news to refer it ?

But golmaal in this context looks small as the OFS is around 1400Cr, ie. 28% stake and all this valued at floor price of 3500.
130Cr would be 9% at OFS rate but entry would have been at higher rates so looks like more like 80Cr to 1400Cr. Pretty big no doubt.

Ofc many including exch officials would have know about it more than a couple of weeks ago so that kind of insider leaks cannot be tied directly with mgmt or Co. Also, sebi vigilance does flag and investigate such transactions especially before Corporate action.
getting at ofs rate isn't a bad deal

 

[siddhant4u]

any other link/source of news to refer it ?

But golmaal in this context looks small as the OFS is around 1400Cr, ie. 28% stake and all this valued at floor price of 3500.
130Cr would be 9% at OFS rate but entry would have been at higher rates so looks like more like 80Cr to 1400Cr. Pretty big no doubt.

Ofc many including exch officials would have know about it more than a couple of weeks ago so that kind of insider leaks cannot be tied directly with mgmt or Co. Also, sebi vigilance does flag and investigate such transactions especially before Corporate action.
getting at ofs rate isn't a bad deal

it's in news. not 'golmaal' as such, but someone borrowed lots of shares and sold it through SLB. they will mint money (could already have as stock is down 10%)

https://www.cnbctv18.com/market/sto...rrowed-shares-set-to-make-killing-6980471.htm

that's why everyone is selling, sell now and get it cheaper later.
In my experience OFS are sure shot way of sell now and buy cheap route.. recently Bajaj Fin, Kotak Bank, DMart...

 

[iwillwin]

it's in news. not 'golmaal' as such, but someone borrowed lots of shares and sold it through SLB. they will mint money (could already have as stock is down 10%)

https://www.cnbctv18.com/market/sto...rrowed-shares-set-to-make-killing-6980471.htm

that's why everyone is selling, sell now and get it cheaper later.
In my experience OFS are sure shot way of sell now and buy cheap route.. recently Bajaj Fin, Kotak Bank, DMart...

thank you for posting link

 

[travi]

it's in news. not 'golmaal' as such, but someone borrowed lots of shares and sold it through SLB. they will mint money (could already have as stock is down 10%)

https://www.cnbctv18.com/market/sto...rrowed-shares-set-to-make-killing-6980471.htm

that's why everyone is selling, sell now and get it cheaper later.
In my experience OFS are sure shot way of sell now and buy cheap route.. recently Bajaj Fin, Kotak Bank, DMart...

You didn't mention yesbank
Ppl shorted the hell out of it before FPO

 

[Dr. Jan Itor]

^ Every event is reflected in the price, even before the event itself is announced publicly ... In that sense Indian markets are more efficient than even developed markets...

 

[Dr. Jan Itor]

Just learned that we should "bid" higher than the floor price(3500)
To increase the probability of getting share we can select "cut off price"
Not sure when there is more bidded shares than being offered. (lottery system?)

There will generally be an indicative price based on today's non-retail response to help retailers... for retail we have the option to bid on cutoff price, the rough idea for which is given in indicative price or we can place a priced bid...for over subscription proportional system will be used...
Btw what is the allotment procedure/methodology for this one - all allotment on bid price or all on cutoff price?

 

[sanju005ind]

There will generally be an indicative price based on today's non-retail response to help retailers... for retail we have the option to bid on cutoff price, the rough idea for which is given in indicative price or we can place a priced bid...for over subscription proportional system will be used...
Btw what is the allotment procedure/methodology for this one - all allotment on bid price or all on cutoff price?

The indicative price on NSE site was 3519.Subscribed 1.02 times. Need to check bse also. Will be alloted by multiple price points. Seen bids upto 4600.
today morning they have removed the indicative price.

BSE Site

 

[sanju005ind]

Was allotted GMMPfaudler at Bid price in the general category Got confirmation via contract note.

 

[iwillwin]

Was allotted GMMPfaudler at Bid price in the general category Got confirmation via contract note.

can we bid for any amount? I mean less than 2 lac also

 

[sanju005ind]

can we bid for any amount? I mean less than 2 lac also

No. In General category minimum 2L at the floor price of 3500 you cannot bid for less than 58 shares. In retail you cannot bid for more than 2L even combined across all the Demat accounts.