As per SEBI rule, refund should reach investor latest within 12days. Inside news is banker has seen chance for making more money due to holiday tomorrow on 17-Nov-10. So they will get addditional 3 days 16,17 and 18 of interest (specially when issue is subscribed by so much time). SEBI Must do somthing, as powergrid application is due for submission.
Not able to log in ICICIdirect. First it said the page could not be opened due to heavy traffic, Now it says the page is not available due to technical reasons. What a mess!
735. Pandit Ji| Link| Bookmark|
November 16, 2010 1:15:59 PM
Top Contributor (400+ Posts, 200+ Likes)
Babaji, ASBA was unblocked on friday itself, Physical Application refund still not recived, Postman had come, gave a broad smile and passed by, lets see now tommorrow
For RPP infra, if the subscription on the first 2 days is good I will go in with my full quota.
726. Pandit Ji| Link| Bookmark|
November 16, 2010 11:12:04 AM
Top Contributor (400+ Posts, 200+ Likes)
Suresh Bhai,
Iam out of the stock @ 225/- the fair value of the stock is very close to its issue price, still I have a feeling this share could go closer to 300 by afternoon, thats my gut feeling, may close at current levels, after going close to 300/-. Please do not take decsion based on what I feel, I may be wrong, I dont advice anybody to buy at these levels, I never trade, I have no expereince in trading. Its purely my guess, as the poster requested me to comment, I have expressed what I feel.
Having said that, there is one thing I am certain about, Gravita has no business to trade at these levels, you may speculate for few days, but for god sake dont invest in this stock for long term, you will end up buying a donkey at the price of throughbred
Jo Hukum Sarkar, As you asked me to comment, I will defiantely comment
Iam was also not in favour of this increased limit, I as a retail struggle to garner 1 lakh for application money, would now have struggle more harder, Now instead of applying for 2 Issues, I would have settle for one, Now we will have hordes of HNI applying in retail category and we would end up getting the same qty allotted by putting double the amount as application money. I strongly feel the Limit should be increased from 35% to 50%