Arithmetically you are right but since the minimum market lot is 50 shares, retail will be alloted 1 lot for 16 applications out of 38 applications who have applied for 16 lots. 15 out of 38 who have applied for 15 lots and so on.
In Retail Individual Investors category Gravita is subscribed 37.34 times. Does it mean a retail investor with application for 800 shares is likely to get 800/37.34 = 21.42 shares approx. ?? If so even with its listing at 200, it will fetch 1600-1700. Experts please comment.
Gravita will list at 200 levels going my Market bullishness. But remember that it was a small issue and only 10 lakh shares were available for Retail.If it was a 30-35 lakhs issue for Retail it would have been oversubscribed by say 10-12 times which would have given good chances for Retail to get Allotment.I believe any price above 200 will be speculative.
Dear all, Wishing u a fabulous Diwali this year...outbursting IPo coal india ... hope u all made handsome money from this....I made Rs.61000.......Waiting for the allotment of Gravita India despite having a lottery system...I hope its goonnna be list at 225 or beyond.....Lets see ppL
Pl. discuss about Gravity India Ltd. issue only on this blog and dont spoil the blog by discussing coal india issue etc. on this blog. There is separate blog for each issue. WISH ALL THE BOARDERS HAPPY DIWALI AND PROSPEROUS NEW YEAR.
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November 5, 2010 2:45:25 PM
IPO Guru (2500+ Posts, 2700+ Likes)
LAST MURAT FAIR VALUE IS RS 350 I FEEL IF IT GOES ABOVE RS 350 THEN NEXT TARGET IS RS 375 TO RS 400 IN MONTHS TIME OR IF IT FAILS TO ATTEND RS 350 THEN IT CAN GO DOWN TO RS 308 TO RS 310 BUT RS 290 IS NOT POSSIABLE FOR NIFTY DOWN UPTO 6100
For all those who want to buy the shares today on occasion of muhurrat trading or keeping for short term, be careful with the script, fair value of the script is 315, it is trading at 342, so be alert in selling or buying. Its not warning, just an intimation with the hope people do not loose money on assumptions.