all thos who applied in this ipo be ready to have loss of 50% this stock will reach 80 rs on listing. I dont even understand why retailers are burning their hands in ipo see the fate of vguard and looking at gammon infra it will make u huge loss so how did it got subscribed 1 times also in retail is astonishing
GAMMON IPO SUBSCRIBED MORE THAN 3 TIMES OVER ALL AND 1.087 IN RETAIL ON DAY 4. MARKET ALREADY CORRECTED AND DOWN BY 700 ODD POINTS. HOPE ON LISTING THE MARKET MAKES A GOOD RECOVERY. HOPE THE IPO GIVES A BETTER LISTING GAIN THAN EXPECTED.
I Think the Issue Price would be Rs. 167/-. Because out of Total bid Received for 57550325 Shares, 42724500 Shares the Bidding Money is Rs. 167/-. and only 14825825 Shares applied for more than that amount. and the issue Size is 16550000 Shares. so if the issue Price is more then Rs. 167/- then it was not subscribe fully. so the Issue price Should be Rs. 167/-. Please Correct me if i m wrong
Looking at the bidding status as on 01:30 it seems for the first time retail investor has not gone in line with QIB/NII/HNI investors. Thats Good......
Bidding status of Gammon infrastructure Ipo at 1.30 pm QIB + NII 4.57 Retailer 0.21 Total 2.94
It will get alloted at lower price band that is 167. So we can have 10-15% listing gain. Not bad at rs 167. Needless to say it is good for long term. See QIBs are already showing interest in the issue.
who dares to invest in this company,when secondary market has so many similar companies at throwaway evaluations.not in this market. think relaince power,all recent listings and this is no REC
I am happy to see that the retail investors are going to teach them a lesson. Bravo! united we can do anything. As of today retail portion was very less and i feel those applied are the ones who doesnt know that this company is the culprit behind the hyderabad flyover collapse incident. Why to buy this share when other good realty stocks with good fundamental are available at good valuations? Think twice before investing in this IPO.
Retail Investors...Teach them a lesson and let them know that people are watching. Not only turnover, profits but ethical and moral values are also important for companies.