I AM NOT MUCH BULLISH ON GALAXY IPO, HOWEVER LISTING GAIN CANNOT BE RULED OUT. ALL CHEMICAL INDUSTRIES HAVE HIGH INHERENT RISK AND RARELY GIVES SHAREHOLDER RETURNS. THEY DO MOST OF THE OUTSOURCED WORK. SO MARGIN MAY SHRINK GOING FORWARD. SO THERE IS NO REASON TO HAVE GET EXCITED TOO MUCH. DISCL: I WILL APPLY ONLY IF QIB >25 TIMES.
US markets are in green at 11pm on 12may so indian markets will be up on friday pfc will not touch more than rs 222 and in fact you are going to see the price going down to 205 so you are likely to gains only rs 10 only per share galaxy is good issue infact this will be first good issue after 31march 2011 so keep funds ready to apply heavily
GALAXY SURFACTANTS LTD IPO very good issue you are request to apply in this ipo most of the public and senior members have not spoken about the same as no paper has come out with reports grade 1V ipo lileky to subcribe more than 25 times in retail hence premium will be rs 25 to rs 35 already is is quoting in mumbai
Any suggestions as to allocating b/w PFC & galaxy..i was thinking 2/3rd funds in PFC and balance in Galaxy...ravi/sreedhar and other experts..any suggestions.
We are not witnessing much discussion for Galaxy, may be due to PFC. Also no GMP is predicted although it is such a strong company. Probably, from tomorrow, Galaxy counter shall be active
@ Handsome I am fine and doing well. I was busy with my assignment so not participated in any discussion but I never miss this forum and regularly read the IPO Message/Discussion page.
@Duraj Raj You understood the opinion very well and able to give the answer.