Vinod, I would recommend just wait n watch for all this stocks -- it might hit all time low (8K market rate) as more scam are going to do digging in it.
I think they will extend the subscription period with less price. Lets see. Since the market is very down, people will not take risk. If the market did not improve on Monday, MOIL subscription will also gets affected.
Think 100 times before investing in Claris IPO. This is sister company of Core Health Care Limited. CLL promotor Mr. Arjun Handa is a son of Mr. Shushil Handa (Core Health Care promotor). Company is facing big problem in US/EUROPE market. Hard notification is received from USFDA on almost all the parentral product. you can see the letter on USFDA' website. Top level management is almost not much technical person. Middle management is full of MBA graduate. Company was facing problem of currency in 2007-2008 due to ravenue loss & salary of employees accumulated for 3 to 4 months. still this problem is at higher position. Pl. avoid this IPO. Do not waste your money.
I have applied CLL for 88 shares through Reliance money, as you know 2day subscribtion is very bad every body avoiding this IPO so should I cancle my bid or not?? I just don't want big profit even I want my money shud be in safe hand. What to do??
Friends, Keep an eye open for Claris.Almost all of the experts ,brokerages & even capital market have given subscribe rating for Claris except our beloved Tulsian Ji.He said Avoid so all these factors make it an interesting case.Tmrw QIB may come in full force.I expect it to be subscribed 15 times in QIB.If it happens then QIB response will support brokerage reports moreover this money can be utilised for One 97 IPO.So those who can make physical applications go for it .If QIB response is not good we can always stop our cheque.Oberoi realty I did the same thing.I applied by cheque & waited for QIB response as I was sure about the quality of IPO & It was confirmed by QIB response.
There is no doubt Claris is priced at a very good valuation but the problem is Sushil Handa.So we have to see what QIB think abt the Issue.I am putting in 5 applications by cheque & see whether to continue with my application or stop my cheque.
Although in MOIL it is not sure that one will get any share for 1 lac application but still I think take a chance in MOIL rather than this risky IPO. In this IPO one will get full allotment but listing gain is plane risk.
BETTER TO AVOID THIS .....YEAH EVEN GO FOR SCI IPO.
DEAR FRIENDS, IT LOOKS THAT EVEN LADY LUCK HAS DESERTED THE CLARIS PEOPLE. GLOBAL CUES ARE BAD, MARKET IS DOWN AND RISK APPETITE IS MISSING. AS QIB'S ARE AVOIDING, LISTING IF AT ALL, WILL BE POOR. PUT YOUR MONEY ELSEWHERE.