GMP OF IRCON IS 80-85, APPLICATION RATE 350-370, SUBJECT 2 - 1900-2000 MUST APPLY IPO ALLOTMENT IS VERY TOUGH , IF YOU R LUCKY PERSON ALLOTMENT IN YOUR FAVOUR
Over subscription may cross 15-17 X Reasons Come after long holiday Performance of RITES good fundamentals Reasonable price Small quantity for retail New accounts opened due to HDFC
69. R R Patel| Link| Bookmark|
September 11, 2018 9:02:04 AM
IPO Mentor (800+ Posts, 3400+ Likes)
Looking good fundamentals and attractive price so be ready to apply for listing gain as well as long term portfolio stock. Only concern is allotment chances to be very tough (8-10% approx) due to expected 10-12X subscription in retail category and only 1.09K lots available. So apply only single lot per application. A must apply IPO.
68. VIE| Link| Bookmark|
September 11, 2018 9:02:23 AM
(500+ Posts, 500+ Likes)
Admin Please add the following company Spectrum Electrical Industries Limited Lm - Arihant Capital Markets Limited Registrar-bigshare Lot 2000 Price 65 Date 17 to 21 sept Nse emerge
SREI Infra fraud company. BRNL listed and trading at discount at CMP. SREI Equipment Finance Limited has not paid even interest to their FD/NCD investors.Now raising money to pay interest.Corrupted SEBI blindly gives nod to every IPO.Already decided to skip this IPO.
Hinduja Leyland Finance Limited and KPR Agro once lapsed by both of them due to demonetization.Let's see what happens this time.
Ircon may be subscribe like Rites. Qib above 70 times Hni above 200 times and retail may be above 17 times. Rites listed at 190 (against issue price 185). If ircon list below 500 means grab it. It will perform like Rites.