IPOs in September 2010 has taken lot of time of various retail investors. However instead of filing for all applications one should have applied selectively.
I went for all 4 rated (Credit rate IPO) plus Career (Rating 3), however due to niche play, considering the business play. (ensuring not have more than 30K worth invested in any stocks). Overall remained positive.
However, same time if spent on other listed stocks, the gains would have been higher.
I think so the IPO hype/game for September has just finished after Ahoka's listing today. It is very clear that retail investors were again taken a ride whereby fundamental scripts like Ramky, Cantabil, Ashoka & Eros have disappointed the streets. We clearly see marketmens are involved whereby scripts like Gallant ispat, sea tv & bedmutha industries are doing well.
Sebi do not even want any other proof as every common man who knows about market fundamentals can reiterate the same.
Conclusion: Personally i have applied in most of the september ipo's and just earned 1% return on my overall investment. My time spent in different blogs to research and transferring money from one account to another in applying under different family member names and even have taken some days leave from my office have all finally yielded nothing.
So stop blaming others and be accountable for your decisions and i follow the same !!!!!
BOUGHT 1000 AT 312.80. THIS IS NOT A LISTING DAY GAIN STOCK. THIS WILL GIVE U HANDSOME GAIN (DONT KNOW HOW MUCH) IN LONG TERM. THIS IS THE ONLY PROMOTER IN INFRASTRUCTURE SPACE WHO HAS EXPERIANCED THE ENTIRE CYCLE OF INFRASTRUCTURE DEVELOPMENT. FILL IT AND FORGET IT.