There is going to huge short covering on listing day from kostak buyer as the allotment is less due to rejection of applications and this people has to cover there shorts in the grey market. listing is likely to be around 570-580 mark and may test the high of 625-640
Got 1 out of 3 lots. In our place , GMP is down. Some are referring to similar patterns as happened in other PSU IPOs (RITES ) where GMP was too high before the listing day (Due to oversubscription) but listing was merely any good.
I got 1 out of 3 applications.The application in which i got allotment , I have applied for 5 lots on the 1st day of IPO while for other 2 applications where i got nothing , i applied 1 lot on last day. Is there any thing to do with day and numbers or is it random
It does not matter when you are applying (i.e) whether on the first day (or) last day? It all depends on the drawing lots for each no. of lots (i.e) the probability for people who have applied only one lot will be less, probability for who applied 2-lots will be slightly more, etc. etc. Kindly refer to the BASIS OF ALLOTMENT OF IRCTC IPO in the alankit.com website(will be uploaded shortly). Then you can understand the above said logic. Thanks.
Anybody, kindly tell me how to sell our IRCTC shares in the grey market. I have 40-shares of IRCTC allotted to me. Kindly contact my e-mail(bcskal@rediffmail.com) Thanks.
Dear Raja , do you know anyone who is willing to buy at 8000 profit. I am ready to sell. In my place , GMP is down at 160 and no one is even selling here at this rate.
i have applied through KOTAK ASBA and share not received but my amount still on hold. please can anybody advise me how much time it will take to release the fund
Why living in past... Irctc is way different stock in terms of listing.. Learn to know the differences between companies when they list then you won't be so confused. If BEING CAUTIOUS is your behaviour then you can't take risk.
How can I sell my allotted IRCTC IPO shares during pre-open session on zerodha? I was able to do the same at my traditional broker. I want to sell my shares at listing rate.
743. Eagleye| Link| Bookmark|
October 10, 2019 8:27:52 PM
IPO Guru (6600+ Posts, 21900+ Likes)
IRCTC IPO
Monday expectations:
Market Pundits saying that preopening IEQ will be 23+ lakh shares (NSE+BSE)
On cochin shipyard listing day everything was good..But suddenly there was global fall so Nifty also fell..Due to this fear it opend low...But dont forget It open flat but then jumped 100 point in next few minutes
743.3. Aniketiaf| Link| Bookmark|
October 11, 2019 7:07:33 AM
IPO Guru (1800+ Posts, 10200+ Likes)
RAJAKUMAR JE, In RITES also, despite high oversubscription, and good response at gray market, it lists about 3% up only. Btw, Have you allotted in Irctc.