Breaking News MOIL shares to be listed on December 15 http://www.moneycontrol.com/news/ipo-new-listings/moil-shares-to-be-listeddecember-15_503142.html
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December 3, 2010 6:13:05 AM
(1100+ Posts, 500+ Likes)
THEY SAY " LUCK FAVOURS THE BRAVE-HEARTS". THIS WILL BE PROVEN AGAIN ON LISTING DAY FOR CLARIS.
Best wishes for all who dared to apply (I could not, seeing poor subscription till 2 pm on last day). I believe it will give overall good return after all, to the people with hearts stronger than mine. My analysis says it will give around Rs. 20 premium on the listing day. Operators' play can not be ruled out. Daredevils may take chance to hold on the first day and sell it on 2nd / 3rd day. Good luck.
Since CLL Issue was not subscribed initially and the company had extended the date ..so ideally application should be sent to banking on closing day of IPO after revising date and presented to bank the very next day...Its better for the issuer to rerepresent the Applications and give benefits to those who had made applications at higher bid rate of 290+ and showen Faith in the Company,THERE IS POSSIBILITY FOR BOUNCING OF MONEY INSTRUMENTS IN INITIAL SCENARIO BIDDED BY RETAILERS..