Yesterday Axis IPO Page was down for about half a day and became alright around 9 pm. Thereafter applied 4 Retail. Their net banking site is erroneous intermittently. Particularly they are poor in handling last day last few hours rush.
Invested in Inox Green in the IPO even when it was in losses as the business showed promise and had growth levers. I guess same is the case with this IPO, It has shown good growth and insurance sector is underpenetrated. If you are bullish on the insurance sector then this one is a good buy for long term. It manages many insurance cos processing so has less of a risk in that case
I think GMP fall due to profit booking in secondary market. And you never know there are some culprits who always try to manipulate sentiments. I’m going FF in retail even I will have to hold it for sometime. Below are some I have hold after listing: RR kabel Netweb Cello Aeroflex
Going FF, i.e. 4 bhni. Opportunities don't come on a platter. But my sense is that this one is for risk takers and those prepared to hold for medium to long term. 600+ in 1-2 yrs types.
Disclaimer: Do your own research. Your money, your call.
Simply cos you may not get it for 418 on listing. Logically, it is like buying insurance. But here the insurance itself can become a cause of trouble! ;-)