Its no use guessing ki kis price pe list hoga. GMP is unreliable and is pure operators play. Wait for one day more. When price discovery happens day after it will be clear what price it may open. patience.
Surprisingly GMP is increased to 100 ~130 in jaipur & Rajkot !! Looking into current situation l&t info will list at +20â„… atleast !! Don''''t exit at Day 1 it has potential to reach 1000+ as current condition favours plus it has got contracts in India ie Project Insight (1000 crore) & overseas recently .
Those who get allotment n who r flippers should do it as early as possible. Dont have very high hopes. It will list in positive hopefully and is likely to fall below issue price. Best strategy is to wait after listing and keep constant monitoring on the price movement. If u feel its dropping dangerously down sell immediately without second thoughts. If price remains up keep holding n see till where it moves. But remember- KEEP A STRICT STOP LOSS OF 715. If price falls below this then sell.
It may list negative, but drastic reduction in price not gonna happen..!! After all it''s L&T. Though nothing special in this IPO, there is nothing that may reduce price sharply.. And if market continues to behave positively, then it may turn out as good short term investment.