Rachbhare, I think so that you have not seen in today Bulk deal that Saffron the Market maker himself has bought 80,000 shares @ Rs.143.19. If they would not have confidence on the company they wouldn't have bought these shares. Secondly Pre- Ipo Shares are always locked in for 1 Years so private placement investors cannot sell untill a period of 1 year.
Sir, Fundamentally good company. Now fundamental not work in present market condition. If discover price breaks it will fall down otherwise it will move to near issue price. I can not suggest what to do.
I applied 2 lots under HNI category. Please advice allotment chance.
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September 18, 2018 9:44:36 PM
IPO Guru (2000+ Posts, 1200+ Likes)
Issue closed... Retail allocation will be on proportionate ratio as HNI figures are lower than retail category. So after rejection of few application one can expect allotment ratio will be 1.75 to 2 applocation per one lot.
Skipped !! Though I feel it won't loose grnd like Lagnam bt a huge issue will require great support for considerable gain which is unlikely !! Nothing much to lose Soo skipped !!