Friends i feel that we should stay away from this IPO. Buy it when it gets listed. I am sure you would get it at a price much lower than the issue price.
Don't take this IPO.I discussed the premium of this IPO and come to conclusion that it is worthless to put whole money in this ipo as listing would not be so high as expected. Second one is it may not get more than 15% subscribtion just because of huge no of quantity....
this will be the biggest ipo in indian stock market history.clsa a big broker has said the right price to be 150-160 if the price of oil per barrel is $50 and increase in the share by 3.5 rs for every increase in oil per barrel and now the international sentiments have led to the increase in the price of oil and it is again hovering over 60$
Friends, I have discussed about this IPO with 3 local brokers. All of them are of the opinion that this is a very good issue. Apply for the maximum limit because the issue will oversubscribe many times. Even listing gain they are predicting more than 50 % of the maximum price.