Due to heavy short selling, grey market premium is just 1 Rs. No buyers even at 1 Rs premium. Hold this IPO after listing only to loose more money. Smart money will exit in first few minutes. Dumb money will wait to sell in loss later.
pipavav shipyard to list below issue price, fundamentals dont justify this kind of pricing, global mkts fall on weak economic cues, people who invested in this for fliping on day 1 will stand to lose money as liquidity wwould dry up , so no cusion for stock after listing, fair price to me is about rs 40-45
dear dines 219, as i already told ,that allot. has done. my broker was right.max application has got.. 603.. shares.current g.m.p. of pipavav share is 4.50-5=00...........at cut off we were to get atleast ..630 shares...but there is some manuplation in allotment...as such there is shortage of shares in grey market..that is why gmp has jumped...happy investing