Rajnikanth, Global markets have stabilised post the debt plan.Better for you to look forward for long term on this stock as this stock will perform well as any other financial stock when interest rates start reducing.Gains I m not sure how much you can get.If it 4-5 then that would be a good option for you to lock some gains.I hold lot of financials in my portfolio which I have added recently after their fall.
The premium of L & T Finance has tumbled to bottom level of Rs. 0.75 in Grey market
Deep differences between two merchant bankers might be the core reason for this controversy
The premium of l & T Finance was once quoted at Rs. 6/7 and the price for each application form worth Rs. 2 lakh was quoted at Rs. 3000 but gradually the premium as well as interest calculation were plunged to Rs. 3/3.50 and Rs. 1700/1800 respectively. The most of the operators have halted their business thanks to this debacle According to last report of Friday the premium for this IPO was tumbled to its bottom level of Rs. 0.75 making grey market jolted. It has been heard from the street that deep differences between two merchant bankers might be the core reason for this controversy.
It may be recalled that J.M. Finance was appointed as lead manager for this IPO and it was heading far ahead in this whole process that pinched to its rival companies that had started some manipulative game and innocent investors became victim of their game as the premium crashed to bottom and even interest calculation also plunged to bottom
no re application wont be rejected even i hav applied for 2lakh appplication under shareholder category... just thinking how many shares will i be alloted??????
I am holding L&T shares and I have applied under Shareholder's reservation. But, I have applied for 3300 @ Rs59 a share. Just now, I heard that the bidding amount should b higher than 2L under Shareholder's reservation. Is it true and will my application be rejected?
now the picture is clear that the company has given benifit to the loyal investors who bid even at rs 59 in retail an the over smart quys who thought that it is over priced stayed aways now they feel that at rs 52 is below price and cheated some people are not fan of l&t but loyal investors will not sell shares now at rs 52 so keep it up
392. PSR| Link| Bookmark|
July 31, 2011 6:36:38 PM
IPO Guru (1300+ Posts, 700+ Likes)
Dear Mr.Kalpesh Gautam
Are you ready to enter into any Grey Market contract at discount as you are sure that it will at discount on the first day? Please intimate.
Sorry to say that on the listing day you can see close price is below issue price. Please sell if you get some profit in morning. Can buy at lower level. Buy it for long time around 40/-