Thursday, January 29, 2015

Coal India OFS Review - Retail Investor should not miss such golden opportunity

On one hand we have secondary market posting new historic highs and FIIs being the rampant buyers for all this while, primary market remained silent with no activities. 

However, fewer SME as well as OFS offers kept visiting the market. But now the mega OFS (Offer for Sale) offer is opening on Friday i.e. 30.01.15 for Coal India whereby Government of India is looking at mobilizing around Rs. 23K to Rs. 24K crore. 25% of such OFS is reserved for Mutual Funds, Insurance Companies. Details of this offer are as under:

Base size of the offer is 5% stake dilution at a floor price of Rs. 358 against its closing price of Rs. 375.15 on Thursday eve. In the base size for 5% stake dilution, total shares on offer are 315818220 shares of Rs. 10 each at a floor price of Rs. 358 with a tick price limit of Rs. 0.05 paise per share. 252654576 shares are reserved for Non-Retail and 63163644 shares for retail category. If the offer gets overwhelming response the size will be doubled for the respective categories to make 10% dilution as planned originally. Retail investors are eligible for 5% discount to the final offer price. The offer opens at 9.15 am on BSE and NSE and will close at 15.30 pm. The allotment will be on price priority basis. As this is online offer, the minimum lot size is 1 share, but investors should go for what they can based on their fund position.

Selling members include 1) DSP Merrill Lynch Limited 2) Credit Suisse Securities (India) Private Limited 3) Deutsche Equities India Private Limited 4) Goldman Sachs (India) Securities Private Limited 5) J M Financial Institutional Securities Limited 6) Kotak Securities Limited 7) SBICAP Securities Limited and the seller promoter is The President of India acting through and representated by the Ministry of Coal, Government of India.

Soon after this, we are likely to witness more OFS (divestment) from Govt. of India in the form of ONGC, RCF, IOC, NMDC, BHEL, Nalco, Dredging Corp, PFC, REC etc as the Government is looking serious for raising the targeted Rs. 43425 crore before this fiscal end. Thus this offer is going to be the biggest OFS from the same company that did a record of biggest IPO for Rs. 15199 crore in October 2010.

In the current fiscal so far, Govt. Of India could raise only Rs. 1715 crore by way of divestment. It appears that Finance Ministry does not prefer to miss this golden opportunity as secondary market is at its high spirit at this juncture and is thus trying to set an example of daring to bring issues for primary market that is still in dilemma.

As far as retail investors are concerned, they should not miss such golden opportunities and should go ahead to grab it through their brokers.

Review By Dilip Davda

Sunday, January 25, 2015

RKSV Offer Rs 2000 Brokerage Credit and more ...

 RKSV, The Discount Broker

RKSV, the top discount broker in India offers trading at BSE, NSE and MCX.

RKSV has an exclusive offer for you:
  1. Rs 2000 Brokerage Credit +
  2. 5 Free Trade Every Month (For Life) +
  3. Zero Account Opening Fee
This is the best opportunity for you to try a discount broker. RKSV offers low-cost brokerage services through following plans.

RKSV Stock / Commodity Trading Plans

1. The Dream Plan - Flat Rs 20 per trade + 5 free trades every month for life
Trade small or big quantities without worrying about your brokerage bill.

2. RKSV Pro Plan (Flat monthly fees for unlimited trades)

For a fixed monthly fee, execute as many trades as you want. RKSV offers three Pro Plans:

  • Rs 3,999 Plan - Unlimited trading in Equity Cash and F%26O segments.
  • Rs 1,999 Plan - Unlimited trading in NSE Currency F&O segments.
  • Rs 2,999 Plan - Unlimited trading in MCX Commodity Futures segment.

3. The Ultimate plan (Flat monthly fees for unlimited trades in all segments)

Unlimited trades in all segments (Eq, Commodities and Currency Derivatives at BSE, NSE and MCX) at Rs 9,999 per month.

 RKSV Rs 2000 Brokerage Credit on New Account Opening


  • RKSV offers variety of brokerage plans and flexibility to switch between them.
  • Offers 5 free trades per month for life which is great for passive investors.
  • No minimum brokerage. Possible to trade in penny stocks or in small quantity.
  • No hidden charges (except additional Rs 20 charge for call & trade).
  • RKSV offers referral benefit of 10% of brokerage from customers you refer.
  • RKSV offers cover orders and bracket orders.
  • Opening demat account is optional.
  • All software's are free including trading terminal, website and mobile app.

Want to know more RKSV?

  1. Contact RKSV to get more information
  2. Read more about RKSV Reviews, Plans and Services
  3. Frequently asked questions about RKSV
  4. Compare RKSV with other popular brokers

Thursday, January 1, 2015

RKSV Transaction Charges Reduced for EQ options and Commodities

RKSV, India's most popular discount broker with over 20,000 customers has reduced the transaction charges for NSE Options and MCX Futures.  

The NSE Options transaction fees is reduced from Rs 5900/Crore to Rs 5500/Crore.

The MCX Futures transaction fees is reduced  from Rs. 360/Crore to Rs. 260/Crore.

Know more about Transaction Changes is among the highest individual of overall brokerage charges. Transaction change is combination of exchange turnover charges + clearing charges.

RKSV also decided to separate the transaction changes in to two separate charges in contract note sent to customer. The new contract note will have separate row for Exchange Turnover Charges and Clearing Charges.