Only listing will tell whether its a partiality or favour? i think it will be favour. There won't be any listing gain. Pray to god that u don't loose ur hard earned money. This is company promoted by fraud people
By the way in case of application of 22 shares the allotment is by way of lottery .Thus in every 5 application of 22 shares 4 have been alloted 22 shares one is returned un alloted. Lucky one who is not alloted.
after lots of controversies,finally shares have been allotted....as per allotment data it seems many retail investors/hni's have stopped their cheques that is why applicants have been allotted more shares than what initially was estimated to be.....due to a lot of hype about promoter's background & US FDA cancellation,initially there may be pressure on listing price but if lists below 200/-,it will certainly be an attractive bet....a sizeable established pharma company having exports to more than 76 countries deserves much more valuation.....let's wait till listing & see what the market decides
People who have applied for 22 shares have got 22 shares, and i applied 44 shares got only 36. Why is this partiality ??????? Any guess on listing price ?????
Given the uncertainties the management showed with issue price and now fixing lowest issue price as cut off price, the listing is not expected to be exciting. I hope at least it sustains the lowest level, to begin with.
Allotted Shares will be credited to your demat account today EOD, subject to the verification.
Tentative Listing date 20th Dec,2010
Thanks & Regards Pravin Kasare Link Intime India Pvt Ltd C -13 Pannalal Silk Mills Compound, L B S Marg, Bhandup (W) Mumbai - 400 078 Tel : 022 -25960320-327 Fax: 022 -25960329