premium 140-150 Rs now https://economictimes.indiatimes.com/markets/ipos/fpos/gland-pharma-stock-gets-its-mojo-back-as-grey-market-premium-soars-again/articleshow/79276528.cms?utm_source=ETnotifications&utm_medium=editpush&utm_campaign=IPOs%2FFPOs&utm_content=bigimage
Those who have applied on lower price band did not get any allotment in retail category. Listing and trade on first two hours will be operator play as retail and HNI holding is very low. Watch the full force of bulls and bears operator on listing day in this stock. No need to jump in first 15 minutes to buy this stock.
JUST ONE QUESTION ? WHO WILL SELL ON LISTING DAY? QIB DON'T HAVE ANY PROBLEMS WITH CHINESE PROMOTERS AND ONLY THOSE NII AND RETIL HAVE APPLIED WHO HAD CONFIDENCE IN THE BUSINESS GROWTH OF GLAND
GMP play will continue till listing day. Pure manipulation > some will indicate lower price while some higher. These people are trying to build/temper expectation as they would like or suit then, some who want to buy lower will indicate lower price others who want to sell higher will do reverse.
Then on listing day, there will be posturing during 45 min. Most of the time its low equilibrium value indication then at 9.44.54 hrs some biggy will sweep and clean all on the offer at lower price only to push stock higher during the day. This happened in Route listing. In case of Mazdock, GMP was very high till listing day, there by tricking people not to sell and whoever wanted to sell managed to sell at 200+, price stock has not seen since listing.
If you believe in Gland, dont sell for 5-10% premium, if lists lower be prepared to buy more. GMP and price discovery are used to exploit retailers. (in this case there are few) As NII would not have had to take finance to subscribe, there wont be pressure from NBFCs to sell on listing day or next day.
No worry Bro. If it list at Discount. A Good Long Term Candidate for 4-5 Years. Look at the Last 5-7 Years Performance of All MNC's listed in India. MNC Company with Good Fundamentals and Valuations have Multiplied the Capital. Personally My Father is holding 7 MNC and seeing Returns of 1200% to 1700% Return till Now. So My Strategy is to Hold this Newly Listing Company ????