You can never trust this icicidirect people. I applied at 11:00 Am today and mine is under process. I think they took it off at around 11:30-11:45 i think.
On the 4th Day, No. of times issue is subscribed, QIBs 10.7291 & Retail 11.4694, showing the interest with this IPO. May be IPO will 40 times oversubscribed today (last day). As Mr Tulsian said, you should apply with maximum shares.
At the higher end (Rs.140) of the price band, the stock is priced at 40x its FY07 diluted EPS of Rs.3.51 and 35.6x @ lower band (Rs.125). However, our analysis suggests that going forward there will be massive improvements in the revenues and profitability margins. This will justify the valuations on a forward basis. Though comparisons with Educomp may be overstretched, but its current P/E at 128 indicates the scope of appreciation for its smaller rival. We would strongly recommend our investors to subscribe to the issue.
I have submitted 5 applications of 700 shares each. Hope some shares will be allotted. As my personal broker told, this will be listed at 930-970 & 1 year target is Rs 2000/-. Good invetment.
Buy Cairn India.The charts looking excellent for the stock. i remember hindustan times and allcargo which have huge difficulties first time when it went above issue price but there is lot of action to be seen in cairn and huge shares will be traded. today also its in news about its production going live soon. buy buy cairn and dont miss now .people who will sell at issue price thinking they have get out will be in huge loss later. mark my word when cairn will see 165 there will be no stoppage of this stock
SEBI is not happy with speculation in the premium of the company ,in recent all ipos, specially after vishal retail &roman termat issue Sebi again noticed circular trading , according to very famous broker ipo market heavy premium like everon whome hardly anybody knows will decrese as per new guidelines this stock may trade with trade to trade from first day, due to this grey market premium is falling, sebi has identified speculation in ipo recently, so this fancy is no more , just see tv18 cnbc too.
Hi All, Dont put maxm bid for this.It is only lottery.Heavily OS no firm allotment for anyone.so put just 4/5 applns in family mmebers names for min amount and take a chance.Where there is good allottment chance go for it.This is not the only issue to hit the market. Moeover it is hype and nothing more.Etablished players like NIIT,Aptech are much better than this everonn who nobody knew till IPO.NIIT mgmnt have themselves gone on record saying lack of faculty inhibiting growth.Where will Everonn get all quality faculty when they don't even have the brand recall and name like NIIT or Aptech.Even Educomp is also only hype and a bubble that will burst in poor retail investor's face at current prices. PUT MIN BID,Keep your money for other solid IPOs.Try lottery luck.