Exited 2 lots in pre-open and booked loss. Took the risk of applying (due to small issue plus BSE limits) but had absolutely no demand in Grey market as well as in pre-open.
usually with the kind of subscription one can expect 90% negative listing only ... but sherni factor here may change things in favour of 50:50 ... lets c ...
@CL BASSI - There is no guarantee that one would be able to sell it at 20% loss if at all it opens 20% lower from issue price. Orders are executed on first come first serve basis.
Agreed, but company's fundamentals are not so strong sir. The kind of volatility this market is right now, it is better to avoid if not sure. And if you are ready to absorb that risk, then you can go for any IPO.
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June 7, 2024 1:25:29 PM
IPO Guru (2900+ Posts, 2300+ Likes)