What is the allotment status for Pipavav Port IPO? What is the likelihood that I may get an allotment? We have filed 2 applications in retail segment - upto Rs. 1 Lac each.
What is the future of this IPO? Should I sell it immediately when get listed or should hold for sometime for higher returns?
allotments for this ipo are not going to be finalised before 7th or 8th sept, refunds to be credited only after 10th sept.... 210 to 225 shares likely to be allotted for 1lac application
until and unless market doesnt break down 5000 befor listing there is no danger it may list higher...also ..go upto 62-65...
Having said that hope for the best and prepare for worst case of 36-38.....or if market crashes to 12000 in another round of correction in US to 18 rupees also....wher it will get support as it will be close to book value....
but i see support at 36 where long term investors can add more to average....
However this is good story in long term....
India just clocked 8.8% growth in GDP in Q1....so long term inia story is intact.....it may slow down somewhat if external shock comes........but stock market will be affected and not so much real economy....
So as i said keep finger crossed..and dont loose sleep....cz stock markets are correcting.....
looking at the market condition i think it may not give more than 5Rs return. Even if Company give at rs 46. If it goes up it is more beneficial for me as i have applied four application at cut off. butin my opinion it will not go beyond 55.
Reliance 919- It has resistance in 975 & medium-target shows at 1050. It can be bought in two instalments at 905 & 850 (remote chance).
L&T 1810- Resistance 1875. Medium-term target 1960. Buy in three instalments at 1790, 1715 & below 1665 (remote chance).
During steep corrections, you should buy large-caps which will become multi-baggers in short-time. Currently, market is in consolidation mode. It is tough to find multi-bagger large-caps.
Please give email to sebi regarding not enhance the retail limit from Rs. 1 lac to 2 lac in public issues. Because if it happens then real retail investor will not get good returns in Public Issues.