I think you are joking or you are new to share market, price is 317 and issue was o/s by 146 times and minimum premium is 196 to 198, i think premium might shoot to 218 to 224,so price is on listing day around 485 but might go to 532.
I was also looking team lease and last price was 1076 on BSE, QUESS is also doing working on similar lines, so price might go up 15 to 20 % after listing after 10 to 15 days.
Could you please comment whether this can reach to 650+ in a month time as i see team lease is alomost near to cross 1100 mark. As this ipo is competitively priced is it worth to invest for longer period ?
Quess Corp has seen an overwhelming response and is hugely oversubscribed. Its Now a Lottery if someone gets or Not . No Matter the Lot u have applied, a minimum 1 Lot would be alloted that too if you are lucky as 4.35 Cr shares have been bid for against 12.7 lacs reserved for Retail.
Quess Corp has seen an overwhelming response and is hugely oversubscribed. Its Now a Lottery if someone gets or Not . No Matter the Lot u have applied, a minimum 1 Lot would be alloted that too if you are lucky as 4.35 Cr shares have been bid for against 12.7 lacks reserved for Retail.
It is Never Advisable to Bid for less than Cutoff Price in the Environment of Over subscription. Since the portion is Oversubscribed at Cut off Price of 317 the chances of Other 2 application are dull.
306.2. PSR| Link| Bookmark|
July 2, 2016 12:51:59 PM
IPO Guru (1200+ Posts, 700+ Likes)
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305. Eagleye| Link| Bookmark|
July 2, 2016 11:52:23 AM
IPO Guru (6600+ Posts, 21900+ Likes)
QUESS CORP LIMITED (Refer Page No 457 of RHP dated 20th June 2016)
07/July/16 – Finalisation of Basis of Allotment 08/July/16 – Unblocking of Funds from ASBA Account 11/July/16 – Credit of Equity Shares to Demat Account 12/July/16 – Commencement of Trading on NSE/BSE