Applied on 18 and said will by more near 23/24 ...i always play in thousands quantities for short term ...nothing misguide types as many player too said that they will buy lower
RVNL was 1/10th in size and its subscription by QIB, NII, RII and Employees 1.36x, 0.8x, 2.92x and 2.11x respectively. Please note that NII part was not even subscribed fully.
IRFC subscription is 3.78x, 2.67x, 3.66x and 43.8x in the 4 categories and the issues size is 10x that of RVNL.
Please explain your rationale behind similar listing.
Note: RVNL listed in April 2019 at 19 and was at 187% (35.55) 2 weeks back (11th jan). This means 87% returns in less than 2 years (one of which was swallowed by COVID). Is that a BAD performance? If IRFC replicates this BAD performance, it should give 100% return in a year.