I couldnt understand one thing. Why there is huge subscription from QIBs and NIIs for such an average IPO. Is Power mech in red just becaof bad market condition or its really over valued?
If it is overvalued, are QIBs and NIIs not aware of that? Can someone explain.
Anyways, thanks God I didnt apply, but feel sad for retail investors who got allotment and in loss due to this IPO. Wish your loss be covered in other IPOs or secondary market stocks. I understand very well how painful it will be if after applying and waiting for 10 days with much hope and it performs bad on even listing day.
Boycott NTPC Green Energy IPO