Just like All other Scripts opens everyday, Newly listed Securities will also open like the same, but the Operators, Demand and Supply will determine the Further Fluctuations... GMP plays an important Role, if GMP is weak on listing date then Panic Sale will come automatically n Slides the Price..
Dear Freinds, Have a look at the Listing of L&t. 1]Qib has bidded for 2 times - So they will not sell on lisitng. 2]Hni are always seller. They sell most of their Qty on listing. 3] Retailers are also seller on listing, but in this case brand name is good & Qty which will be allotted is not more than 400 shares so they will also restrict themselves. 4]Emp has lock in period. 5] Shareholders category is only 3 times, this is the most dangerous category as this is subsribed only 3 times. They will offload major Qty as they will received Rs.65000/- of Stocks.
In all there will be listing day pressure from 3 segment. HNI, RETAIL & SHAREHOLDER which will dampen the situation. Also if they allott @59/- there will be chances of discount then premium.
Respected Sreedhar and other Senior Members of the Board, Will you please tell How the listing(open) price of an IPO on the first day of listing Will be decided and by whom. Will it be decided by exchange or buyers?
Seenuipo i think issue price fixed at 59...due to 5 times oversubscription issue price must at upper band ...may some shares of qib or employee come 2 retail/hni quota...it is my first brand ipo where i see such a low qib subscription (i enter ipo market from coal india issue)...but till now i will confident about its positive listing.....after listing it may slip...dii/fii will buy that time
Dear Deepak, Due to oversubscription in retail we are getting only Rs 20000/- worth of stocks and this will be equal to around 400 shares only .If you say Rs 5 per share is a gray market then the total profit could be 400 X 5 =2000 but you are telling the kostak rate is Rs 3000 to 3200 .Which is correct ?
L&T finance IPO is a hit. GMP Ahmedabad 3000-3200 (Rs. 4 - 4.5) @ 10.30 p.m extra ordinary subscriptions on the last day in retail category. Kindly update rates of your region. but please don't post crazy rates.
Dear Santosh, Due to oversubscription of retail protion by 10 times,the chances of listing in dicount almost nullified.They are getting Rs 20000/- worth stocks only.No retailer generally think to sell in dicounted price as everybody knows this will good for long term and forget them in demat. Regading QIB protion subscription it can be good for us only.There may chances that most of the bids received in lower band of the issue (i,e Rs51).This will make less chances for listing in discount. There is no question of withdrawl of my applications anyway.
RETAIL INVESTORS HAD SHOWN THERE FAITH IN THE COMPANY NOW IT IS THE TIME FOR COMPANY TO REWARD THE RETAIL INVESTOR FOR THEIR CONFIDENCE IN THE COMPANY. I WOULD LIKE TO REQUEST L&T FINANCE LTD MANAGEMENT TO GIVE SOME SPECIAL DISCOUNT TO THE RETAIL INVESTORS. PRICE SHOULD BE FIXED AT 66 RS.
Thanks shreedhar fr giving right advice fr apply in share holder quota i think i will be getting good amount of shares there and i have also applied in normal one can u tell what amount of shares i will get thanks a lot sirji
RETAIL SUBSCRIPTION MORE THAN QIB...QIB DEMAND VERY POOR...THINK WHAT WILL HAPPEN ON LISTING DAY...WHO WILL ABSORB SELLING PRESSURE OF RETAIL SHARES......QIB NOT SEEN INTERESTED AT CURRENT PRICE....WILL SURELY LIST AT DISCOUNT....I AM MAKING STOP PAYMENT OF ALL MY 5 APPLICATIONS OF RS. 194700/- EACH.