It looks like huge participation from retail investors. Allotment should be tough 1 out of 4 or even more tough. After grand success of equitas and ujjivan retailers don''t want to miss any opportunity. Operators who bought applications in grey market will burn their fingers because of tough allotment. All calculations like allotment 1 out of 3.25, only 8,00,000 active demat holders, etc etc seems to be wrong now.
This is stock market. No one can predict 100% right here. This is the reason why I suggest everyone, if you are a trader and have 4 or more applications then sell your applications in grey market. You will make more money. It will list at the max 20% up from allotment price.
601.1. Eagleye| Link| Bookmark|
June 23, 2016 2:32:40 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Eagleye Jun 21, 2016 7:57:52 AM IST Reply Mahanagar Gas Limited IPO
GMP = Grey Market Premium (per Share)
whereas,
"KOSTAK" rate is the premium one gets by selling his/her IPO application (in an off market transaction) to someone else before the finalisation of basis of allotment of the issue and as such the premium is payable irrespective of the outcome of the allotment process.