Gmp is at 125 Rs given overwhelming application from HNI and QiB so it will list at premium I am going book 75% of the allotment given the market condition bird in hand is better then two in bush.... Not sure when is the listing plus I am not that bullish on the stock only applied after seeing interest from QIB and HNI
the allotment ratio is weird , if in retail total subscription is 3.8 times , we should have got atleast 4 lots(80 shares) on application of 2 lcas , but I still got 2 lots . I just applied with 1 Demat account Can experts comment
This is unfair old method ( I remember 5 or 6 yrs back was much better , this will promote people to open more and more DEMAT accounts on there names or family names , have high risk of bogus accounts just for IPOs. Sorry guys I am returning to equity after gap of 5 yrs so discussing old topic:)
No Bogus account is possible as each account needs PAN No. and for every Pan No only one application is permitted. This new system is only to attract small investors or for a person not having big capital to invest. This has put small investor at par with big non HNW customers