Listing should be around 380-400 levels and after listing buying will emerge from QIB and NII. Read the below news
NEW DELHI: Marquee investors including Rakesh Jhunjhunwala, Akash Bhansali and Nimesh Shah have put in bids for the recently closed Reliance Nippon Life Asset Management (RNAM) IPO, sources told ET Now.
The combined bids from the three investors are believed to be around Rs 550 crore.
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October 30, 2017 2:24:41 PM
Top Contributor (400+ Posts, 200+ Likes)
Fund blocked in HDFC Bank at 12:15 PM, so fast. I applied 5 application but fund was available only for 4, NEFT is being sent by my friend for 5th application still not credited. Not clear whether HDFC Bank people shall consider 5th application, if credit comes in after noon.
People are Diverting to make investment to mutual funds from FD options so this sector is going to be rock in coming times.Regarding current scenario of market it will list around 360 to 370.
Listing will be around 350 to 370 and go to 400 to 450 in a week
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November 3, 2017 2:10:20 PM
Top Contributor (300+ Posts, 500+ Likes)
Reliance Nippon is well managed insurer as well as AMC. Don''t 2000 or 3000 in grey market. Advise don''t book profit on this counter. Wait till price reach 600.