Politics - Martyrs and Dynasty

http://www.ndtv.com/elections/article/election-news/open-letter-to-narendra-modi-from-captain-vikram-batra-s-mother-515810

I know its politically incorrect and I may be inviting really caustic remarks, but nevertheless. The letter is wrong in more than one way. 

"Mr Modi, if you really care for the army and respect  martyrs, a soldier's family for you should be like God. If I were in your place, I would have withdrawn the BJP candidate who is running against me.

If  you respect Captain Batra's family, you should think of me like his mother. If you used "yeh dil maange more" to praise my son...please realise...it is not enough to praise him...you should think of what can be done to honour a martyr's family.

Why was no one from a soldier's family given a chance by the BJP earlier to run as a candidate?"

Really AAP, really ? Is being a martyr's family member sufficient qualification for a MP ? As a mark of respect should one withdraw contesting against a martyr's family member ? How is it different than dynastic politics ? Indira, Rajiv both were martyrs.

AAP too is same as Modi in trying to ...... the martyr. No you are not same, they are professional politicians, but expected much better from you AAP. Mrs Batra deserves all respect from all Indians, she may get emotional still not an iota of respect less for her, we respect her and her son's sacrifice on the altar of the country. But AAP how can you stoop to the level of main stream parties when you were the only ray of hope, I really doubt  how I ever supported you AK. 

IPO - How to calculate cost of fund

Disclaimer - These are the calculations that I myself use, remember I am no expert and may be at times wrong, you are free to use these calculations and point mistakes.

Assumptions -
1. Loan Interest - 10.5 % pa calculated daily
2. Application done using ASBA therefore savings interest earned 4% pa calculated daily.
3. No tax outgo for the 4% earned interest, as interest upto INR 10k is not taxed as per current IT rules
4. Listing happens in 2 weeks - 14 days

Calculations -

Per Lakh Per Day = INR 18
= 100,000 X (10.5 - 4 ) /100 /365 = 17.81

Per Lakh Per IPO = INR 250
= 17.81 X 14 = 249.32

Full Application Per IPO = INR 500 (approx.)

In simple words - Post IPO if the difference between money earned after selling shares and cost of ipo shares is less than INR 500, I have made a loss.

Note - Remember apart from the transaction cost charged by broker I need to reduce the tax on profit (if any I make) that I have to pay the tax authority.

Disclaimer - These are the calculations that I myself use, remember I am no expert and may be at times wrong, you are free to use these calculations and point mistakes.

IPO - Wonderla Holidays Limited

Disclaimer - 

This is not a recommendation or  financial advice, I am just penning down my thoughts and my journey in the financial market. 

http://www.nse-india.com/products/content/equities/ipos/ipo_current_wondrla.htm


Pros -
1. Listing before election results, as the market is upbeat there is a probability of listing gains.
2. Untested territory - history is replete with examples of good listing for stocks which are the first in their niche area e.g suzlon, cox and kings, jubiliant, justdial etc
3. Small IPO - 200 crores - usually oversubscription is high and therefore the resultant euphoria.
4. Reliable anchor investors names - Aditya Birla Group, TVS Shriram and HDFC
5. Valuation not so high, comparable to international peers.

Cons -
1. Untested territory - history also has examples of harakiri of stocks of sectors which are untested water, but usually one gets an exit on day one with minimum injury.
2. If there is some political accident before listing, the gamble will go for a toss.

What am I gonna do -
1. Test my luck using pump and dump.

2. Apply on last day at 1 pm, by reviewing the subscription levels.

3. Small IPO - 200 crores, not much chances of getting multiple lots. Its prudent for me to apply only for one lot.

What happened next -
(This section is dynamic and will keep on updating after listing)
 Update on 22-April-2014 =>
0.42 overall subscription, QIB as well as retail usually rush in on last day. Fingers crossed.

 Update on 23-April-2014 =>
At 1:00 pm overall subscription = 3.48 and retail = 3.30
Retail expected to go above 10 times by EOD, no point applying more than one lot
At 11:40 pm
Final figures are awesome - QIB 16.7 times, NII a whopping 159 times and retail 7.6 times
An overall subscription of 38 times
Note - Retail subscription could have been more But I guess retail now knows that if number of applications is more than total reserved for retail divided by minimum lot then there is a lottery and no one gets more than one lot. Therefore many in retail have applied for single lot only.

Numbers for Data Mining in future - 
IPO date - 21-23 April 2014
Listing date -
Subscription - QIB 16.7 times, NII a whopping 159 times and retail 7.6 times
Basis of allotment -

Disclaimer - 

This is not a recommendation or  financial advice, I am just penning down my thoughts and my journey in the financial market. 

Sardaar ?

One Sardaar never speaks, the other's utterances either go over the head or if understood brings shivers down the soul. Guess who are these ?

एक सरदार बोलता नहीं, दूसरा जब बोतल है तो या तो समझता नहीं,
और यदि समझे तो रूह कंपा देता है

Are you wasting your vote on the altar of lofty ideals ?

If you are going out braving the scorching heat of the Indian summer, should not you make sure that your vote matters, and plays a part in the outcome of the poll ?

Consider this -

"In India's first past the post election system, if you have not voted for the runner up, then it means you have voted for the winner."

AAP and Modi supporters I hope you understand the meaning and gravity of the above statement.
In other words -

"If you have not voted for the winner or the runner up, your vote has gone down the drain."

One should beware and not fall into the traps similar to those of MNS, PrajaRajyam etc.

Check out these link, play around and see the spoilers in different constituencies -

Varanasi 

Hyderabad

You can get the original detailed results from the horse's mouth here - http://eci.nic.in/eci_main1/ElectionStatistics.aspx

2. There was no number one but here's number two.

Remember the election is for the Central govt not your local municipality, so more than the winner's impact on  local governance, impact will be more on the National policies and the broad direction the nation will take. Don't be naive enough to think otherwise.

So before you decide on whom to vote, do a sanity check, and think whom you don't want to win at any cost. Because that is how the not-so-polished and not-so-over-educated but smart janta votes and makes their candidate victorious.

In summary realpolitik (and not so common commonsense among the intellectuals) demands to vote in a way, so that the most acceptable to you wins or at least some one who is acceptable to you wins and not in a way that leads to victory of the one you never wanted to win.

I rest my case here.
Comments and brickbats welcome.