dear boarders as i told you to stary awary from the issue now just see though naked eyes that FII are rushing to withdraw their applications , figure of tommarow shows that issue was subscribed 1.23 times and in the morning itself the issue become underscribed at 0.83 again.
judge yourself and just don't go blindly. off course Management will play dirty tricks like Advanta, Orbit and atlanta but beware you will struck if you were alloted shares like carins.
These so called experts are good for nothing fellows. angel broking always give Avoid for every issue if you go by angel broking views you will not be able to apply any single issue. Every body was saying expensive for atlanta, see the result. In my view one should must apply for IPO of companies promoted by reputed promoters irrespective of the price. See Reliance petroleum managemnt has never allowed the price to fall below IPO Price eventhough the company will start making profits form the year 2009-2010----2011---2020
right now this ipo has got 25% percent over subscription and the bigger picture is yet to come as 2morow is last day....lets see what happens....Not looking that bad issue uptill now ....lets see what happens further....
Like tech mahindra, india infoline and advanta same with forties so apply it, do not consider it as over priced, otherwise you will again miss the bus, as promoters are good apply in full. expected to reach 5 times in retail tommorrow.
If market condition remain good at listing time fortis will definately give 20-30 % return. In worst case also the Promoters Ranbaxy group will not allow it to fall below the Ipo Price.
So i Once agian advise all the fellow boarders to apply in Max. quantity.
anand read todays economic times, for long term investor it is good to subscribe FORTIS , anyways u can always buy from the market when the issue gets listed.
Biggest chain of peak quality hospitals. Promoted by india's biggest pharma inc. Ranbaxy, owing more than 90% in india's biggest and respected Escorts heart inst., and lastly in just 5 years Fortis has expanded like anything.........every year revenues are growing and growing.... But yet thr is some doubt in market may be rumour..cant say...I think atleast everyone should bid for atleast 60-180 shares .....like i did....wish me best of luc...: )
Trading Call 2 - April 19, 2007 Buy Indian Bank (NSE: INDIANB) on Declines CMP: 96.50 Buy for a target of 99.15 - 103 - 106 Stop Loss: 91 Target Period: 5 - 15 days
aviod buying this type of ipo,if u are bullish on mkt then buy tcs,srf,dishtv @cmp & enjoy fruit with in a week.buy ranbaxy instead of burning hand in ipo.check performance of past ipo. buy ipo avail at discount(small risk of downside) xl telecom@120 cinemax@cmp akruti@cmp autoline@220 lawershwar polymers@10 best of luck to all!!!!!!!!!