Good subscription, the IPO Band is at discount with peer Banking sector. Peer Banking sector has taken recent beating (on account of Bribery Scam), Despite this on comparision PSB seems to be good buy.
Again the retail mindset is to book quick profits as the case MOIL is as well as selling in SC of India. Retail investor at current juncture is not ready to wait, as new issues are knocking at door (both good and bad). The rotation of money, if identified proper stocks can make handsome short term gains.
Irrespective of pricing, from Mahindra Holidays IPO for last one and half years all issues rated above 4 and above by rating agencies put together would have given very decent returns.
It has fallen from 450 to below 45- lost more than 90%. As per technical analysis this type of stocks could fall to 11% from its life-high or even below.
Accordingly, I had strategy to buy @ 60 & around 35 in two instalments. I am planning to sell around 82.
Fundamentally, your analysis is right. Another important point to note is if share price is continuously falling like this, some other interested party may take-over this company. I am not saying this will necessarily happen, but that is a possibility.
Your predection about MOIL listing is absolutely correct that the share is trading @503 now(may be due to market down).
Could you please comment about Punjab & Sind Bank IPO? Whether we can apply for this one? and importantly I have applied for MOIL IPO and did not get a single share. How about Punjab & Sindh bank. The way of allocation is the same as MOIL? If so will we get any shares. Also the listing price: How much its going to be? Many thanks in advance for your patience...
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Dear Gem, I want to buy around 50 shares in opening, please tell me at what price we can buy, according to your message it can be bought at 540-560 right?. Please give your strategy.