Folks, I do believe that GMP for Gokul is less but they are not always genuine figures. In past IPOs have opened at the price that none predicted. I believe that Anu's back step is gonna help Gokul. Anu's lab promoters missed a clause in DRHP so ppl gonna withdraw their money and apparently ppl will be less interested to play on its listing day so their interest will be diverted towards Gokul. - That's what my experience says. Rest None can gurantee about Mkt. So lets hope for d best. ***Fingure crossed.
Hi, Himanshu and Rajasthan Royals, while Gokul Refoils may not list at Rs.325/-, we cannot rule out the possibility of it touching Rs.325/- on listing day towards close or the following day, if recent past issues viz., Onmobile, Sitashree, TWL, Aisharya Tele are any indication. You will agree that the greymarket premium for any of these issues is not more than Rs.40/- i.e. hardly 10%. While on the listing day they commanded a premium ranging from 30% to 50% and 150% in case of Aisharya. Hence Rs.325/- price or 60% premium for Gokul on listing day or within 3/4 days after listing is possible.
I think Himanshu is right. Mr HNI i think 325.00 cannot be achived even if market breath is very good. At Max Rs 340.00 can be touched as my friend Himanshu suggested...
Hi, HNI, At present Gokul's GMP is Rs.35/- in that case it should list near 195+35=230, I do not agree with u that it will open at 325/- if mkt breadth remain positive then it can touch 325/-
Gokul IPO : Company has made 65cr. profit on FY08 and expected to make 100cr. profit this year. So at mkt cap of 514Cr. Gokul share has Price to Earning Ratio of 5. (PE=5). Other similar company like K.S.Oil and others are trading anywhere between 12 to 20PE. So those guys who has applied,do not sell in hurry. Wait for good price. If you hold for 3 to 6 month than price will get double.