Please dont give baseless comments on fictious names. This is good issue for medium to long term investors approximately 6-12 months times. It will give a very decent returns.so no need to worry can purchase at all dis.
Those who applied in maximum lot should give work to your legs and run for stop payment to avoid the potential loss. who are applied in one or two lots can take some risk or can average out in the case of getting at discount to ipo price.
Guys this ipo is better that best atleast we will get confirm allotment, instead of no allotment after putting money for 20-25 days in omnitech or Zylog and even CBI. looking at DLF and HDIL it will give at leave 7-10% return on listing day. looking at subsription they might fix the issue price at 550 range. so enjoy with some partial gain. :-)
Hi Prave, As a retail investor we should share our knowledge and experiences especially in the IPO's. I believe SEBI should come forward and take some steps to discourage these kind of IPO's where the sole purpose of the organization is to dupe the investors. Obviously there should be some guidelines like the range of PE multiples and market valuations before finalizing the upper and lower bands.I would also held the lead managers of this issue equally responsible who are fooling everyone just for the sake of some penauts for them.
The retail part is subscribed only 0.0585 times. Tomorrow is the last date for this IPO. It won't subscribe even 1/3 of it's retail quota.Investors have taught a good lesson to IVR Prime.Hope here after other companies also won't take advantage of the Bullish movement that is happenning in the market. Tomorrow will be the black day for IVR prime. Subsequently grey market premium will also come down to negative.
It's wise to invest in this parent company which is operating around 410 rupees.
1.Repayment of loan to their Parent Company 2.Repayment of the loan taken from Karnataka Bank Limited 3.Repayment of development right costs to their Parent Comp