FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Expolanka to continue its winning streak
by samaritan Yesterday at 10:22 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Wed Jun 29, 2022 4:38 pm

» When will supply chain disruptions ease?
by Gowri123 Wed Jun 29, 2022 4:08 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Tue Jun 28, 2022 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Tue Jun 28, 2022 8:13 am

» PM thanks President Biden for assuring US support to Sri Lanka
by Beyondsenses Tue Jun 28, 2022 8:07 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Mon Jun 27, 2022 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Mon Jun 27, 2022 8:03 pm

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Mon Jun 27, 2022 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Mon Jun 27, 2022 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Mon Jun 27, 2022 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Mon Jun 27, 2022 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Mon Jun 27, 2022 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Mon Jun 27, 2022 6:34 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Free Lanka Capital Holding-Over subscribe

Free Lanka Capital Holding-Over subscribe

+4
Rajitha
limestone
swan03
kiri
8 posters

Go down  Message [Page 1 of 1]

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics

http://www.cse.lk/cmt/upload_cse_announcements/241300339404_.pdf

swan03


Vice President - Equity Analytics
Vice President - Equity Analytics

kiri wrote:http://www.cse.lk/cmt/upload_cse_announcements/241300339404_.pdf

Aiyoo, mekunth 100 vitarai da? Mad

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics

swan03 wrote:
kiri wrote:http://www.cse.lk/cmt/upload_cse_announcements/241300339404_.pdf

Aiyoo, mekunth 100 vitarai da? Mad
No minimum is 2000. so they will allocate 2000 shares Very Happy

swan03


Vice President - Equity Analytics
Vice President - Equity Analytics

kiri wrote:
swan03 wrote:
kiri wrote:http://www.cse.lk/cmt/upload_cse_announcements/241300339404_.pdf

Aiyoo, mekunth 100 vitarai da? Mad
No minimum is 2000. so they will allocate 2000 shares Very Happy

Sounds good to me sunny

limestone

limestone
Manager - Equity Analytics
Manager - Equity Analytics

It will be interesting to see whether the retaliers are goint to get a better deal this time . the 50% allocation given in the prospectus can now be a "minimum of 40%" as per CSE directive .

limestone

limestone
Manager - Equity Analytics
Manager - Equity Analytics

Contd..
and the retailer category has moved up from "up to 50,000 RS(10,000 shares)" to "up to 3000 shares or RS 100,000 which ever is higher"

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

kiri wrote:
swan03 wrote:
kiri wrote:http://www.cse.lk/cmt/upload_cse_announcements/241300339404_.pdf

Aiyoo, mekunth 100 vitarai da? Mad
No minimum is 2000. so they will allocate 2000 shares Very Happy
Actually minimum number that you can apply is the 2000 shares. they still can allocate even 100 shares if it has been way over subscribed! Considering the market situation, share volume and 50% allocation to retailers though there is a really high chance people who applied for small amounts might get almost all of what they applied for!

Fresher


Moderator
Moderator

I think they have promised allocating at least 2000 shares, but there is a break even point in case of a massive over subscription which is highly unlikely

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

i have a pretty good feeling that retail customers will get the total amount they have applied for because of the new allocation rules.
and don't think it's because people have lost interest in IPOs it's because retailers are protected from the bank guarantee mafia.

limestone

limestone
Manager - Equity Analytics
Manager - Equity Analytics

Those who have applied for upto 20,000/- shares are categorized as retailers .
Total number of shares available for subscription is 300,000,000
40% of above is 120,000,000 .
if one retailer is going to get 2000 shares minimum, the possible number of maximum (“cut –off”) retailer applications is 120,000,000/2000= 60,000

For UB there were 63,111 applications of which 57,613 applied for 5000 shares or less.

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

limestone wrote:Those who have applied for upto 20,000/- shares are categorized as retailers .
Total number of shares available for subscription is 300,000,000
40% of above is 120,000,000 .
if one retailer is going to get 2000 shares minimum, the possible number of maximum (“cut –off”) retailer applications is 120,000,000/2000= 60,000

For UB there were 63,111 applications of which 57,613 applied for 5000 shares or less.

I think you missed a point or a decimal point ( Either one) there. What if 7000 people applied for 20000 shares? they also are categorized as retail investors and for that alone they need = 140 000 000 shares which is more than the allocated amount according to you ( I think its 50% though as said in prospectus). So theoretically even with about 7000-10000 applications the amount allocated for retailers could be over subscribed. ( although i guess many retailers applied for minimum or a number around there )

Fresher


Moderator
Moderator

can someone explain this.
this cay not be realistic but it is not impossible

50% of an issue exactly subscribed by non-retailers (above 100,000/- applications)
50% of the balance is oversubscribed many times by retailers & unit linked funds
how does the allocation work here?
will the non-retailers get their allotment without a problem where the retailers will have to 'fight it out' again?

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

npp wrote:can someone explain this.
this cay not be realistic but it is not impossible

50% of an issue exactly subscribed by non-retailers (above 100,000/- applications)
50% of the balance is oversubscribed many times by retailers & unit linked funds
how does the allocation work here?
will the non-retailers get their allotment without a problem where the retailers will have to 'fight it out' again?

A minimum of 40% for retailer and a minimum of 10% for unit trust. So in such a case(unlikely to happen) they can increase this percentage. right? That's my understanding, may be wrong.

Fresher


Moderator
Moderator

That's what I want to know. Since as far as I know there's is no such provision for that rite?
If it's increasing the percentage, by how much? how to make a balance?


Another important thing that struck my mind just now is that now we know that the FLC IPO is oversubscribed.
But the question is is it by both categories? or just by the amount of non-retail investors?

It could be that 30% applications from retail category and the balance from non-retail category.
SO in general I want to know,
in such a case, in future IPOs will they close the subscription for one category only? How will this work?
Anyone got ideas?

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Interesting Smile

Me too have a question.
In the Free Lanka IPO if some one applied for 20,000 shares. He is a retailer. If another person applied for 25,000 or 30,000 he is in the other group.

In such a case (if the retail group is not oversubscribed and the other group is oversubscribed - a possible scenario) would those who applied for 25,000, 30,000 or even 50,000 get a lesser value than 20,000?

I mean should people like me (who buy only with cash) should always stick to the retail category? What will happen if we apply for a amount little more than the retail category? Question

limestone

limestone
Manager - Equity Analytics
Manager - Equity Analytics

What I wanted to point out is that, in case we have the same scenario as in the case of UB, retailers may get only 2000/= each .
But the manages can still increase the quota as 40% is only the minimum quota for retailers .
even if a person who applies for 20,000 shares , 2000 shares is 10% . I don’t think that the big investors would get this percentage anyway . because only 2 people are needed to oversubscribe the non retailer category where as at least 6000 (120,000,000/20,000)applicants are needed to oversubscribe the retailer category .

17Free Lanka Capital Holding-Over subscribe  Empty free lanka oversubscribed 125 times? Mon Mar 21, 2011 10:17 pm

own


Equity Analytic
Equity Analytic

How many times over subscribed? 125 or more?

Fresher


Moderator
Moderator

own wrote:How many times over subscribed? 125 or more?
where did u get this from?
seems a rather impossible number

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum