when retail people starts to do calculation on profits made in IPO's and dance in the midnight with the profits, market gets wild and retail people loose everything earned from the market.....!!!!!
so donot dance by calculating profits made in junk IPO's.....
It will rock like jubliant foods etc. everybody who are bearish on Muthoot will be underground on the date of listing. SJ >>>>>>> where are you? Gem Ipo Finder>>>>>> do you know where are SJ.
We can expect atleast 135 shares.if listing @200,then profit=3375,listing @ 210 then profit=4725 on full application taking issue price to be 175.Most likely our profits should lie in between.
Coal india total size 66 crores of shares...retail subscribed 2.3 times MOIL total size is 3.3 crores of shares...retail subscribed 32 times.... PSB total size is 4 crores of shares....retial subscribed 49 times....
now.... muthoot size is 5.7 crore including anchor portion...retail subsscribed 8 times.....
296. Vishal R You could have gone by offline mode of application i.e. via cheque if you anticipated heavy subscription and were willing to cancel your application due to that.That could have given you the flexibility on both the sides..We have lot many good ipos and bonds coming up..Cheers
Guys, Why are you sad if retail portion has oversubscribed 8.5 times? I think we should be happy that we will be getting more shares and hopefully more profit. Also we should not forget that retail is again overwhelmed bcoz of many ipos coming at one go,they will have to divide the money among various ipos ...