Peraturan untuk Pengeluaran Permohonan oleh Peruncit dan Hni dalam IPO

Banyak tekanan diletakkan pada broker saham dan pelabur dengan 20 setiap kejatuhan peratus dalam nilai pasaran sebagai penurunan hasil yang ketara dalam ketiga-tiga hari yang lalu. Sebagai hasil daripada pelabur himpitan sukar ditekan dengan wang tunai. Mereka mendapat sedikit kelegaan dengan Menteri Kewangan dan RBI meyakinkan mereka bahawa semua keperluan yang sah akan dipenuhi. Some of the investors also rushed to cash in huge amounts invested in recently issued IPOs including Reliance Power. Under rules the investors are allowed to with their investment till the stock is listed. This had been the case in some earlier issues also like Deccan Air and Cairn Energy.

Dalam IPO, companies invite applications for shares sought to be enlisted by them in a Stock Exchange. The subscription in an IPO can either through book-built process by inviting bids from the prospective investors or on a fixed price basis. Issue of securities in an IPO is, inter alia, governed by SEBI (Disclosures and Investors Protection) Guidelines, 2002 – popularly known as SEBI DIP Guidelines.

SEBI DIP Guideline at Para no 11A.7.7 also provides that an applicant can withdraw applications in a public issue. Thus, in a book-built issue the applicants can withdraw their applications anytime before allotment of shares / securities by the company. This is emanating from the fundamental principle under Law of Contracts that an offer can be revoked before acceptance. The bids made by the bidders (applicants) is an offer made and allotment of securities by the companies only brings into a binding contract between the bidder and the company and, Oleh itu,, an application in a public issue can be withdrawn by the applicant depending upon the market scenario post subscription/closure of the IPO but before allotment even if the application money has been realized by the company. Namun, as per Clause 11.3.4.1 of the SEBI DIP Guidelines, only Qualified Institutional Bidders (QIBs) are not allowed to withdraw their bid after the closure of the bid. This is to prevent any possible manipulation of the IPO subscription by the QIBs.

Instances have happened in our country where investors have withdrawn their applications in an IPO. IPO made by Purvankara Projects, Deccan Airlines, Cairn Energy, Housing Development Infrastructure Limited, IVR Prime, KPR Mills, have seen withdrawal of applications by retailers and HNI categories before allotment.

Jadi, Saya berani anda untuk melabur masa yang diperlukan untuk membaca panduan ayunan perdagangan dan tidak mempelajari wang nyata di pasaran saham. If you are interested click to view the Swing Trader Guide