Grey Market Premium is not always the best guide for investment in IPO's. It was proved wrong with Reliance Power & once again it has been proved wrong with Onmobile Global. Look where Onmobile is now & comapre it with what was predicted in the grey market. So the moral of the story is go buy fundamentals & not by rumors. Apply for REC & V Gaurd & let those who trade in the Grey Market book their losses.
This company is like another NTPC, PTC, PFC and PowerGrid. And also allotment chances are good for retail investors since this is a government company. So apply for full quota and hold this stock for a long time. This will give good return in the long run.... Best Wishes...
Logically: The Right size and right priced public issue - IPO Practically: Wrong time Solution: Even though size is high, there should be a logical way out to prevent grey market, which can be done by authorities that will make it compulsory for investors to hold the IPO allottment for atleast 3 months after listing Or otherwise the grey market will ruin investor sentiments
Whatever said and done people will apply for this IPO . It's going to be herd mentality. Suggest people go for physical application rather than online so that if it gets undersubscribed you can put a stop payment.
do not apply market sentiments bad of now ambanis have all the might to pull back their ipos if it goes for a loss this is a government company who will pull it up if it goes below listing price? can buy power grid at present rates will surely give retuns in long term