ShekhawatiPoly Yarns Ltd is coming with its ipo from 27thDec to 29 th Dec.It is a FIX PRICE issue.Issue size is 36 Cr.Offering rate is Rs 30/-.Bid Lot: 200Shares
Whether retail investors have put the money if Rakesh Jhunjhunwala would not have been associated with it? This is retail investor's behaviour on comparisoon? Probably yes, on the euphoria of Coal India, it would bave subscribed.
Sine RJ has made the money investing at very lower amount, and current price is in range of 410-450. The pricing was steep, no doubt and hence investor shelved by not putting their hard earned money. Reason some one is gaining (known) at your money was not acceptable to investor community in four years time.
Since the IPO is nt subscribed completely, does that mean that those who have applied will get complete allotment?
Also, reading through the comments and others blogs/posts, it seems that this IPO will ot be profitble. Can anyoe provide assistance regarding how much time we should retain this share. Please help as i'm new to stock investment.