Even Listing in Discount, i will advise to hold on. Because its debt free company and its not worried about USFDA Rules and Regulations. Fund based buying shall come if it gets listed at par or discount.
Okay. Well then I have another query, does that mean its futile to apply for more than one lot if the issue is subscribed more than 100% in retail category or any other category for that matter. I was under the impression that even if its oversubscribed one has more chances of getting at least one lot if I am applying for maximum lot. I mean for eg. in case of ERIS if I am applying for 13 lots then in the lucky draw my chances goes 13x compared to 1x if I apply for one lot.
Guys just remember why you bought into the IPO. Since its a good company, operators will try tactics to shake the shares down from retail investors. Don''t fall into a trap and lose. This is going to be a multi bagger like RBL, MGL and Dmart. It holds a similar position in the business it does.
LISTING AROUND 980-990/JUST WAIT''N''WATCH TOMORROW. I HAD PREDICTED 100% TRUE PRICE OF PNB HOUSING AND GIVEN TARGET OF 1450 ! IF NOT BELEIVE CHECK MY PREVIOUS POSTING . . . .