Promoters are pocketing full proceeds of the issue. Pat on revenue less than 2%. How can such an issue be worth investing. Please advise required from experts.
These days the primary market is flooded with IPOs so all the promoters are in the race of getting their securities discounted at good price. No matter which IPO is getting priced at what amount, they are getting oversubscribed. They are leaving nothing for Investors.
Grey market premium as on today at Rs.90-95 with Kostak at Rs.300-350
108. Aniketiaf| Link| Bookmark|
October 26, 2017 6:36:04 AM
IPO Guru (1800+ Posts, 10200+ Likes)
@ Shah kunal & Bappa, FD - it''s same simple term fixed deposit. To understand why FD is used in the post, better go through some reviews by Mr Gamble by clicking on the name of Gamble on his post. Thanks.
105. Eagleye| Link| Bookmark|
October 25, 2017 11:10:36 PM
IPO Guru (6600+ Posts, 22000+ Likes)
Mahindra Logistics IPO – Pg #316 of RHP
30th Oct – Anchor List 31st Oct – Offer Opens 02nd Nov – Offer Closes 08th Nov – Finalisation of Basis of Allotment 09th Nov – Unblocking of ASBA 09th Nov – Credit to Demat Accounts 10th Nov – Listing on NSE & BSE