The initial public offering (IPO) of Eros International Media, part of the Eros Group has opened for subscription today. The issue price will be determined through a 100% book building process.
The company aims to raise Rs 350 crore through this issue, which has price band of Rs 158-175 per equity share. It has received a commitment for Rs 59.40 crore from anchor investors on September 16, a one day before issue opens for retail, qualified institutional and non-institutional investors. It has allotted 36 lakh equity shares to anchor investors at Rs 165 a share.
Anchor investors' list included Citigroup Global Markets Maruitius, India Fund, IDFC Tax Advantage (ELSS) Fund, IDFC Small & Midcap Fund, Indea Capital, Lloyd George Investment Management, Indus Capital Advisor (UK) and Lockheed Martin Corporation Master Retirement Trust.
Playing the markets can be tricky and with all these ipos lined up it is really a challenge who ends on the winning side.
I have gone through all the comments on the board and agree with SJ,Sreedar and Gem. They have adviced correctly to the retail investors.
Iam not here for long term as there would be many scrips available in the secondary market after the correction.
Iam going for the below
1)Eros 2)Career 3)Ashok 4)Vatech 5)Techpro
Iam also bullish on Cantabil,Electrosteel & Microsec only for listing gains though i have not made my mind to subscribe for the same.
My only worry now is that the markets have run up big time and it will start its way down when these would start listing hence Iam taking a big risk and hoping to end on the greener side.
@ Sj do let me know if you have any comments on my post. I will apply today by evening.
ELECTROSTEEL IPO AT RS.10-11 AND 38CRORE SHARES ON OFFER..... ISSUE IS CHEAP AND YOU WILL GET EASY ALLOTMENT... IN SUCH BULLISH MARKET WE NEED ALLOTMENT....LISTING WILL BE GOOD FOR ALL IPOS.......SO GUYS INVEST IN ELECTROSTEEL AND ORIENT GREEN(900 CRORE)..............APPLY YOUR WITS.........THANK YOU
Guys Save your money for the best ipos of month--- 1.va tech--22-09 2.ashoka buildcon--24-09 3.cantabil--23-09.... all these dates are final and keep your money for these ipos as refund will not come if we apply for current ipos........thank you.......
Guys.... I just started following this website and already a big fan of it... :) Setu.... man you are amazing... so dedicated... reading posts and replying to them even when you are sick....!!!!
I am looking for some listing gains so mostly I will go for career point. I can put only 50000 :)
I will follow your advice, also other IPO's are coming, Ashoka, techprosystem & cantbill, if these are also good according to you I will try to get some more funds to invest. I think ramky also avoid, but grey premium looks attractive.
hold for 6 months to i year coz anyways markets are set to enter danger territory and correction is expected anytime next year
1 lakh for EROS
since media company although different model and attractive price should be exited if you get 20-30% on listing or say 40% in 2-3 days or in a month or so
2 lakh for Careerpont
(Highest return and since application allotment will be less due to very high over subscription.
Microsec AVOID IT IS NOT FOR LONG TERM and SHORT TERM
WHAT YOU CAN DO IS COME ON LISTING DAY
ill be available for startegy on listing day of Microsec
Since this IS kolkata based company and i know Operator so will trade on his advice
Look for my posts on Microsec on listing day for trading strategy with strict....mark my words strict stop loss and only enter after the price point that i suggest crosses....or short when resistance is not crossed...
I feel very sorry for you, please take care of your health first, take rest and come here when you are 100% normal.
Regarding my investment I can hold all the shares for long term even for 10 years also, what I said is if long term is not worth I will get out on opening day, previously my strategy is to exit on opening day within 1st hour, but after my experience I came to know good shares has to be hold for long term, for ex. jubliant I exited on opening day at 190 currently it is trading at 550 and godrej properties exited at 567 now it is trading at 750, ARSS infra exited at 730 it went upto 1400 currently around 1250, tried to hold long for technofab but existed by seeing downfall, and currently holding Engineers India 35 shares from FPO, hoping to exit after crossing 400 or if increases I can hold forever.
So I can hold all the shares for long term. Please suggest on this, but if the shares are at the border of issue price on opening day I will be tensed and will exit with brokerage.