I could not understand what to do with IPO’s. There was firm allotment in Cairn India and House of Pearl Fashion Limited. More than expected loss in both the IPO’s. I don’t understand what SEBI and ministers are doing with pricing of IPO’s. They should think about retailers also.
For this IPO, Investors are confused. They don't know what exactly happening...I have written about cambridge technologies IPO ( Where investors are also confused. I told it will touch 60+ levels.. 1st day it went upto 100+.. You can see my comment under Cambridge Technology.)
Now for this IPO, I have only 1 question. Why QIBS has subscribes 6.33 times. They have thoroughly investigated the script & then they invest... Means. Don't worry, This IPO will do good within 1 month. (Yes, there is little chance to go under price...because retail investor will throw the shares cheap to big FIIs...but My take hold this shares upto 2-3 months.. You will definately see price range above 670 +.