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Strategies & Market Trends : India Coffee House

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To: ratan lal who wrote (2894)	9/28/1998 12:46:00 PM
From: Nandu	Read Replies (1) of 12475

Anil - even tho there is quotas for nri's, if the issue is hot you will get none or very small number of shares. the probleb is you ask for 10,000 shares, send your money in, they allocate 100 shares and refund the balance of your money after 6-months. - ratan Ratan, is this from actual experience? I have never participated in an Indian IPO as an NRI, but the prospectuses (prospectii?) I have seen usually list the NRI quota as being on a "firm allotment basis". The scenario you describe is not strictly true even for resident Indians. As I have said before, you can pay for an IPO application with a lien on a fixed deposit. The money will not be available to you till the issue is alloted, but it will remain your money and will earn interest for you while you wait.

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