I have invested from 2 accounts. Have taken a gamble on the FPO as PFC seems to be fundamentally very strong company. I have a feeling that the listing price (the day when we get the shares) it would be around 198-200. But still it would fetch net returns of approx 2%. Lets hope for the best.
Go online where you are going to apply and find the time diffrent sites have diffrent time we donot now which online broker you are appling for hdfc sec time is now 4pm
Fools Brooker - No change in mind for me. Already submitted all the applications in full. I still submit physical applications and would make to ASBA from next issue onwards hopefully.
VAS NAT ONLY YOU SAID YOU ARE APPLING IN FULL BUT HOPE YOU HAVE CHANGED YOUR MIND OR ARE YOU PUZZELED WITH GALAXY ISSUE RETAIERS ARE NOT APPLING IN FULL FOR 2 LAKHS BUT IN SMALL LOTS OF 504 ,280,168 (MOSTLY),84 SHARES HOPE TO SUBCRIBE ONLY 3 TIMES TIME HAS BEEN EXTENDED TO 4 PM SO WAIT AND WATCH ALL ARE WAITING FOR 3 PM TIME HOW MUCH TO APPLY
I have decided to apply in this issue. Although I might not get handsome profit, still it is safe issue. QIB is good ( 6.35 times), while HNII are low ( which is very good as they tend to sell applications on listing day). As per Sreedhar logic, where HNII are low, they give good profit ( like Godrej Property).
Surprised why Retailers are not applying in this issue. Worst come worst it may be a case of zero profit. It may be worth taking the risk compared to issues like Innoventive, Paramount, Servalakshmi etc.