Since there is no retail category, 10.2 lacs considered as retail
79. jajo| Link| Bookmark|
May 4, 2017 5:03:54 PM
Top Contributor (300+ Posts, 200+ Likes)
Retail investors should not think IRB InvIT IPO is just like another mainline IPO. This is a different kind of investment model which is entering in the market for the first time. No past history about the performance of such shares. Hence no guarantee of good listing. Business model is something like annuity with possible return of 8% to 12% dividend. Rs.10.2 Lakhs is required for applying a minimum lot. After listing sale/purchase lot will be 5000 units. Do not go by looking at the gray market premium. If you understood the possible risks involved, then only apply, otherwise it is AVOID.
Septa ji, Eagleye and other experts, whole world is waiting for your view/update on this IRB InvIT IPO. Please share your view asap as tomorrow is the last date for applying.
Guys, pls be aware that investing 10.20 lacs at one go in stock market will invite trouble later on under AIR in Income Tax Act as the information will be passed on by the stock market regulator. Source of funds will be questioned later on.