I just called on 022-49186200 (Linktime) and confirm about the allotment date and time, customer care person said allotment will be done on Monday by 1 PM due to election holiday etc. there will be delayed in allotment process. . .
We all have seen how NSE/BSE stocks upward circuit get capped at 20% in day's gain. How come today's -29% price swing of yes bank be explained? Doesn't the same circuit rule apply to all stocks at Indian stock exchanges?
However still puzzled, why doesn't exchange allow buy price quotations, for such stocks below a certain value (imposing pseudo lower circuit then) in a given trading day?
Sir, Yes Bank stock is trading at around 175/- and if we give a buy price of 152/- per share or below, then exchanges are not accepting.
Since they are in F&O and have no upsurge/downward circuit limits, shouldn't this trading price limit imposed by exchanges contradicting to the F&O principles?
There is circuit for F&O stocks also. Once it will hit the lower price range, trading will be banned for certain time and not full day. Once again when trading will start, high and low price range will be recalculated.
I am not sure about everyone else, but for me I have that much fund only available with me to apply in IPO and if we get profit, book it and enjoy. I can't keep all stocks for long term.
So it doesn't matter if IPO stocks giving good results after 9 months or 12 months. It is part of secondary market. And you could have bought it at any time. So IPO subscription doesn't matter there.
But yes, it applies for those who apply and can keep these many stocks in their portfolio for long term.