I had applied for irfc ipo after which money was blocked from my account. The money(14950) was debited from my account on 27th. Again they have blocked the same amount on 2nd of feb and debited on 3rd feb.. what to do
IRFC INTIMATION TO BSE -Available on bse -IRFC- corp.announcement
Pursuant to Regulation 29(1) read with Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended from time to time, we hereby inform that meeting of the Board of Directors of the Company is scheduled to be held on Saturday, 13''February, 2021, inter-alia, to consider and approve the Unaudited Financial Results of the Company for quarter ended on 31st December, 2020.
Irfc traded 4,58,16,269 share on nse diliverable 59.46 % , any chance for upside?
1392.1. arunARUN| Link| Bookmark|
February 4, 2021 8:50:59 AM
IPO Guru (2000+ Posts, 1700+ Likes)
Going in direction of SJVN, NHPC. Lots of trade at 5 paise gap
1391. arunARUN| Link| Bookmark|
February 3, 2021 11:26:40 PM
IPO Guru (2000+ Posts, 1700+ Likes)
I am willing to buy Brookfield REIT at 275 in market as replacement of my FDs generating less than 6% interest. I am also willing to swap my FDs with IRFC at Rs 22 price for nearly 25% of my FD portfolio
I did apply for irfc ipo after which money was blocked from my account. The money(14950) was debited from my account on 27th. Again they have blocked the same amount on 2nd of feb and debited on 3rd feb.. what to do!
Listed on discount, still holding, they said it will move after budget, IPO went down by 1% then again went down by 2% overall -6.7% till now, even though Market went high.Seems like the worst IPO, Where are all those analysts now who told to buy, There''s no point in applying for such IPO if there''s no listing gains, if want to buy for long term can buy 100-200 shares in very discounted price, no point in holding this 575 shares in -6% loss
I got 1 lot in IRFC and purchased 1 more lot on listing day at discount price, but my demat account (cdsl) still shows only 1 lot, however trading account shows 2
main thing here is supply I guess.. such a big ipo means 185 crore shares in supply. total volume traded (which includes non-delivery as well) is just 45 crores till now.. All allottees keep their sell orders at 26/26.5/27/27.5 and every price possible. Since the supply is so high, the demand is obviously going to be very low.. I think some corporate action like reverse split (10:1) is definitely needed so as to decrease the number of shares.. if you see the ipo history, only RVNL had come with a larger lot size than this but there also, the total issue size was under 1000 crore as compared to 4000+ crore here.. Best of Luck to all, crossing 26 seems like a very big challenge here
(I am myself holding 6 lots which I got allotted via IPO)
1380.2. Alert| Link| Bookmark|
February 2, 2021 12:37:47 PM
Top Contributor (200+ Posts, 100+ Likes)