LISTING PRICE WILL BE 220 BUT OPEN & HIGH WILL BE THE SAME .. NO ONE WILL BE ABLE TO SELL ABOVE 185.00 SO WORRY INVESTERS THOSE WHO HAVE APPLIED & GOT BURDEN OF 100 % ALLOTMENT .
SO SAD 1 ST DAY OF LISTING & 10-150 % OF INVESTED CAPITAL WILL BE WASHED OUT.
HIGHLY VALUED STOCK ARE KICKED BADLY BY MKT ...DOESN'T CARE FOR RELIANCE ALSO.
Friends, Be Aware this co is like another Atlanta Constructions. Rest is known to all the Investors. Book Profit if any and come out , even if it is before listing.
ALLOTMENT WILL BE OUT WITHINN 1-2 DAYS ....ALL WILL GET 100 % APPLIED SHSRES. BUT , BUT UNFORUNATELY IT WILL LIST WELL BELOW ITS ISSUE PRICE I.E 185.00 . IF U ARE LUCKY ENOUGH TO EXIT AROUND 175 LEVELS THEN GOOD OTHER WISE WAIT FOR YRS FOR ISSUE PRICE TO COME BACK . MKT CONDITION NOT AT ALL GOOD VALUATION OF SHARE IS 2 VERY MUCH . ACTAL FAIR VALUE IS RA 130-145.SO ................
has irb price fixed at 185/. if so if we have applied at cut-off for 30 lots/450 shares/in full, then do we get more shares at 185 price or do we get a refund of remaining money. anyone has a clue????
Let's not exaggerate things over the listing price...
Realistically, it may list with 5-10 rupees premium, and further journey would depend on the market sentiments and mood on the listing day. If any big players show interest in IRB, then it might swing a bit. But 500 is no way possible.
I suggest to exit with 10 to 15 rupees profit on share as soon as one gets the chance to exit, else you will have to wait for the 'bull market phase' to gain.