I dont know about listing price of any script. I just speculate the listing price by looking at grey market and subscription figures. Some times it becomes correct.. that is all!!! Dont rely on my postings to buy/sell shares.
IL&FS Transportation Networks (ITNL) is an established surface transportation infrastructure company and is one of the largest private sector BOT road operators in India. The company will be listing its equity shares, which recently issued via public issue, on exchanges on March 30, 2010. The company has fixed the price band at Rs 258, at higher end of price band of Rs 242-258 per share.
There were reports that the grey market premium for a share of this company was at around Rs 35-40. While talking to experts about listing price, they said it would be more than Rs 300 after looking at response during the issue opened.
Investment Advisor, SP Tulsian said IL&FS would list above Rs 300 plus. For startegy on listing day, he said, "One can buy below Rs 300 and sell above the same price." He is positive on IL&FS Transportation for long term, he says.
Manish Bhatt of Prabhudas Lilladher expects the lising premium of Rs 45-50 over its issue price of Rs 258 for IL&FS Transportation. He advised long term investors should hold for 6-8 months and he expects double price in the same period.
The company had entered capital market to raise upto Rs 700 crore and the issue was opened during March 11-15, 2010, which was subscribed 33.42 times, as per data available on the NSE website. Qualified institutional investors' were the leading subscribers in this issue; their reserved portion got oversubscribed 52.61 times. Retail and non-institutional investors' portion subscribed 39.39 times and 4.56 times, respectively.
The offer for sale was included 42.8 lakh shares by Trinoka Trinity Capital (a UK-based fund), which was more than Rs 110 crore at Rs 258 per share
ITNL was incorporated by IL&FS (an infrastructure development and finance company) in 2000, in order to consolidate their existing road infrastructure projects and to pursue various new project initiatives in the area of surface transportation infrastructure.
It is engaged in the development, operation and maintenance of national and state highways, roads, flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.
DEAR GEM IPO , DON'T LOOSE HEART , LIVE LIKE A BREAVE MAN , DOST ABHI TUMHARI UMAR HI KYA HAI . SHARE MARKET MAI HUMKO KAAM KARTE HUE 25 YRS. HO GAYE HAI PHIR BHI ROJ GALTIYA HOTI HAI
Dear GEM IPO FINDER, Don't be loose hearted, we are here with you, we need your suggestions, so please move on positively, as I said earlier you are not the operator or god to predict exactly, sometimes it may fails, but no worries. Even I thought of buying in the morning of 300 shares, but after seeing moving down stopped purchased, luckily escaped. BTW what is your predictions about ILFS tomorrow?.
I hav been allotted 79 shares of IL & FS and the same is showing in the statement oh holding. but the same is not showing in the demat balance. I hav a/c with Reliancemoney. pls clariry.