Low QIB - High Retail subscription on day 1 !!! Seems like a trap for Retail, be cautious. Anyone willing to apply wait for last day and see the QIB & NII figures before you submit your application.
This IPO will not see subscription like Reliance Nippon and probability of allotment will be higher (is it a good thing?)
Suggest everyone to take decision to invest only after balancing the listing gain expected from this IPO with the fact that next 6 months-1year this stock is not expected to generate much return (if any) due to very high valuations.
Once again, capital preservation should be the most important aspect at the stage when market is at record high.
190. R R Patel| Link| Bookmark|
October 31, 2017 3:11:45 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Mahindra Logistics Ltd. IPO: Subscription figures on day 1 (BSE+NSE) @2pm:- QIB - 35%** HNI - 2% Retail - 39% Employees - 14% Total - 30% **Excluding Anchor Highly priced so will wait for the last day last moment to see subscription figures.