In Economic Times I read that it will be listed on 26, Friday. In that case, you can take some risk assuming that it will surely list on Friday & you can sell on 25, Thursday. Pay-in comes on Monday, & you don't face any problem.
Scenario 2
If it gets delayed either by design or by default, it could go for auction. In that case, it is better you make arrangement for borrowing with your fellow clients / broker.
Scenario 3
Assuming that you take risk & sold on Thursday without borrowing arrangement & to your horrow you did not get shares to your demat as scheduled on Friday, then buy-back on Friday itself. But this is quite risky.
I believe, investors would get a chance to sell either around 96-95 or 102-105 zone.
applied through Corp Bank, ASBA. Money debited 25308. Allotted 296 shares @ Rs. 85.50.
1416. Pandit Ji| Link| Bookmark|
November 22, 2010 4:29:06 PM
Top Contributor (400+ Posts, 200+ Likes)
@ 1421 Rohit
I have said earlier, the moment you see the shares in your demat, the shares of an FPO are tradeable, there is no difference between an old shares and a newly allotted FPO shares, I have sold all FPOs on the day I got them in my demat, why should powergrid be any different, but bhai be safe, dont sell the shares before they are in your account, although you can do that too, but it is very very risky, My best wishes to you
panditji, shreedhar, ravi bangalore or any other senior members please guide, if we receive the shares by tomorrow in our demat accounts, can we sell them or there will be listing date declared for this fpo. thanks in advance