IPO Details - MOIL Limited

[Anupam007]

Annual Information Return (AIR) of 'high value financial transactions' is required to be furnished under section 285BA of the Income-tax Act, 1961 by 'specified persons' in respect of 'specified transactions' registered or recorded by them during the financial year.

Point 5 - A Company issuing shares through public or rights issue.
=> Receipt from any person of an amount of one lakh rupees or more for acquiring shares issued by the Company.
=> The amount actually received from the transacting party and not the amount relating to allotment is to be reported.

http://www.tin-nsdl.com/anninforeturn.asp

Will applying more than 1 lakh will create IT problem lateron? Your view.

[alok07]

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Go for it.

[CONFUSED]

Will applying more than 1 lakh will create IT problem lateron? Your view.

It will create Income Tax issue only when you make short term gain, after selling IPO shares and would not show that in your IT return.

[Harish Rawat]

Can I apply for full 1,00,000/- or is there any lot system in this IPO?

[PolicyWala]

Can I apply for full 1,00,000/- or is there any lot system in this IPO?

Market Lot: 17 Shares
Minimum Order Quantity: 17 Shares
Issue Price: Rs. 340 - Rs. 375 Per Equity Share

So if you apply for the highest price band -
Minimum Application = 375 * 17 = Rs.6375
Maximum Application = 375 * 527 = Rs. 197625

1 Lach Application = 375 * 255 = Rs. 95625
So you can apply for Rs.95635.

[Master]

MOIL IPO oversubscribed 2.37 times on Day 2

[Master]

MOIL IPO subscribed 53.84 times
Retail investors may get fewer shares in MOIL IPO

Chances to get more shares to retail investors are less.

[Master]

MOIL IPO priced at Rs 375/share, to list on Dec 15.