Exactly..stron consolidation for sure at levels of 600-650..then its a long term story...listing gains/GMP is a speculative thing..i complete agree with Ashish..the fundamentals r simply compelling..icicidirect/moneycontrol..everyone had put an "Apply"..these r the guys who study the fundamentals..not someone who always puts on wierd scraps..lets be in a win-win kind of relationship and put researched thoghts here..
I second the thought by 126 Raj. I mean, its just a trick....bcoz people are not happy with cameo, they didn't applied for ipo, and there will be mad rush in secondary market Its an excellent company, and the price at which the share was offered was excellent. People madly went for religare where it was subscribed 160 times.And in the end even a 1 lakh applicant was alloted in some weired ratio.I mean i even read a post where a person had subscribed for religare with 5 applications of one lakh each and he didnt got even a single share. Where as this IPO, despite good fundamentals and price was subscribed just 6 times. IN ONE WAY MY ALL THANKS TO PEOPLE WHO BECAUSE OF THEIR IGNORANCE DIDNT APPLIED. NOW I HAVE MORE CHANCES OF GETTING ALLOTMENT. I HAVE BEEN APPLYING IN DIFFERENT IPO'S SINCE LAST 10 YRS OR SO AND HAVE NEVER FACED ANY PROBLEM WITH CAMEO EVER.(TOUCHWOOD) Now,come to cameo thing.....i dont know how much knowledge people who were posting the experiences with cameo were saying that the registrar was greedy and all that and he wants to keep money for long to earn interest etc........excuse me but but if somebody is saying like this doesnot deserve to be in this market. These are the people who have create bad name fr market and loose money and they donnt use brains at all. And for all you people who read the repliesof ther peopleand made their decision,here is how it works.... The money we send for an IPO application is kept in ESCROW account which is a kind of a secure account with bank. An escrow account act as a middle man between both the parties, where the company doesnot earn any interest etc on the money in account. and once the process is complete , the refund is send through this account only. Thanks again to people who didnt applied ....i know that i am gonna earn more money in this with my 1 lakh application than with people who applied for applications of their entire family..in religare of 1 lakh each And i am not saying this ..............bcoz i just wanted to say that my decision is correct and yours wrong!!! or bcoz..............i have some vested interest in company!!!! or bcoz..............i am afraid that if i donnt post this....the share will list at discount and i will make losses NO NO NO I am saying this bcoz i have studied the fundamentals and technicals of the company and they are excellent. And if you also do so, you will agree with me and from next time will never follow somebody's blind advice!!!!!!!
premium is Rs 5-10 listing discount mee hogi sab ko loss hoga kyoki cheques cash hoi gai hai ab company ka kai intrest nahi hai rate maintain karne mee.
Just only to create panic retail investors, the GMP has neen reduced to 30 rupees from 170. There is no sudden change in the fundamentals and there is no deep crash in sensex. Only thing is it is not oversubscribed by 100 times like religare and other IPO's. So retail investors, Please don't be panic, it will surely list around 550 and touches 600 by first day itself. Good luck !!!
Dear Friends, please refer to post (No.7) for this issue. I told you people about the worst registrar, Cameo. Religare issue allottment is out on 13/11/07. Now wait and see what Cameo is going to do.
Please who have applied to this issue will get very good returns. If you see other Distillery companies average one year returns it is more that 300%. Not many people are aware about these kind of businesses. So people who get these shares can hold for few months and reap the benefits!!!!
I think the fundamentals of the company are great..comparing to others in peer group..also the number of distilleries are fixed..so this stock shall surely do well..the CM rating of 46 is overwhelming..people who have applied shall hold on..and if available at 480 or 490 shall buy also...this will cross 600 for sure in initial few days..at those levels the stock will consolidate in strong hands for longer term...Happy Investing!!
empee distreele will be open at 450 to 460 and after that it will soon get back to level 435 to 440... After that i will seeing that it will come soon rebounce to 490 to 500 so who has applied for these issue do not worry you will get handsome return....