533. sameerjaipur, Hope the gap between Futures price and cash will narrow down in a day or two, may be not to the extent we are expecting. I may cover the futures today or tomorrow. I will request Sreedhar to guide us in this.
current grey market premium of pfc is 1.5 rupees discount so effectively 8.5 rupees after considering retail discount. allotment will be around 502 shares. galaxy is fundamentally a good company however is overpriced so it is a avoid.
Retail segment has been subscribed by 2 times out of which price bids itself constitutes 25 % and 75 % is cutoff. So if the issue price is fixed at 203(cutoff) then effective subscription becomes 1.5 times , so more shares of allotment.