Considering drought situation in the country, i'm not sure what the premium will look like on the listing day and the state of the markets then. However, i would like to highlight here that Jai Prakash Hydro-Power Limited which got listed in April 2005 and was offered at a price of 32 Rs. has now almost given a return of more than 100%, so it is a long term story.
704 Raju The unsubscribed portion, if any, from the Equity Shares in the Employee Reservation Portion will be treated as part of the Net Issue and may be added to any category at the sole discretion of our Company and the Selling Shareholder in consultation with the BRLMs
since employee qota is not fully subscribed, remaining shares might get rolled into retail quota. If that is case Over subscription of retail category will come down further (from 3.873 to 3.735).
I think they'll fix price of 36/- and those who have applied bids in between 30-35/- range may not get shares which inturn will increase chance for people who applied at 36/- or cut off price.
i have applied for adani power bt not alloted any shares. how much time will it take for a co. to refund? what is the refund procedure by crediting into account or issuing cheque.?