i think listing will be between 56-60 with a possible upside of Rs. 65. this is a bigger IPO hence operators may not be able to manipulate it, so do not expect for windfall gain like in Prakash, Aster etc.
I have applied for 8 lots (1040 share) @48/-. How much allotment would i get. Also, if the price band is fixed at 46, will it get the stocks at 46 or 48
Hi everyone! Almost onfirmed news that the price for the IPO is fixed at 45-46, not only for retail but for institutional investors as-well. It seems that the promoter is leaving a lot for the investors on the table. Listing is bound to be good. I even feel there would be an uptick in GMP from these levels... Enjoy!!!
GPPL has fixed price band of Rs. 46. At cutoff (Rs. 48) issue subscribed 9.15 times + application at Rs. 47 & Rs. 46. So, Total subscription is arround 10 times. So allotment may be around 210 to 215 shars.
SOME PEOPLE HAS APPLIED THROUGH PRICEBIDS.TO MY OPENION THEIR APPLICATIONS WILL BE REJECTED. SUCH REJECTION WILL REDUCE THE OVERALL SUBSCRIPTION TO 8.42. IN SUCH CASE 1 LAC APPLICANT WILL GET 250 SHARES. THE RESULT OF 30/06/10 OF THE COMPANY IS NOT AVAILABLE NOW.IT WILL ALSO EFFECT THE PREMIUM.
it is not clear in which category you have applied. if you have applied in retail and that too at cut-off you will be getting 130 shares against each application with 88% chances. it means you are likely to get allotment against 7 applications out of 8.