maximum amt for RII is rs. 100,000/- for gravita issue. Already subscribe 0.87 times on first day seems it will cross Carrier Point IPO which will finally subscribe 55 times but first day only 0.05 times.
Some thing is cooking in Gravita as Employees quota is subscribed 0.91 as per BSE web site. Employees know better than any one about the health of the company. Looks like another Prakash Steelage on Cards where return was 100% on day one and employees subscribtion was very good.Fingers crossed till then.
Looks bit expensive on relative valuation basis. However, post-IPO cash value is Rs.33. Hence, comfortable valuation. Setting-up manufacturing facilities in overseas, God knows whether they will execute in time or not.
It is a small-size issue. Speculators should apply keeping some stop-loss in mind- let me say if cracks below Open Price on listing day or breaking issue price etc.
Look for HNI subscription level & take your own decision. If you are speculator & HNI is subscribed around 20 times, you can go for it. Speculator have a risk of around 10%. You may make big or loose some amount. Speculators should not blame anyone for loosing.
Speculators success rate depends on catching big moves & loosing manageable amount. That is, out of five calls, three could go wrong, but in two, they need to catch big.
I bought 10000 LCCInfotech at 0.70 paise last month with 10 paise stop-loss based on some tip given by my friend who subscribes for some service. Now I have trailed my stop-loss keeping a target of Rs.1.4 in mind. This is a speculation. Some people want to speculate but don't want to loose & they need 100% result. Moreover, they have 40 years experience in stock market!
Do Not Apply to This Issue... They do not have strong Fundamental Plan for IPO Money... Just Coming With IPO to gatther money in this IPO Fanzy Market..
RII limit is incresed to 2Lacks. this is very bad news for small investore who are able to invest only 50-60 thousand.now gettiong the allotment is very difficult.
DSTREET sir thanks a lot for ur effort u put for me without knowing me nd will need ur help in future too.sir i got d msg abt my allotment in the evening.once again thanx a lot sir