Its over 13 times subscribed in retail. Still one day left and subscription may touch 30 in retail. So chances of getting allotment is very very very less....
The demand for good ipo's is always on and it is bound to get oversubscribed to a large extent. The minimum lot that gets alloted in case of a huge oversubscription is not worth the money blocked. Instead it is better to invest in the Reliance stocks in the secondary market which is bound to appreciate whether it is short-medium-long term.
I'm saving up for Mundra and have invested in Religare. By the time Rel Pwr is out ... Mundra and Religare will have refunded excess money which i will put in rel pwr then ..
DO NOT INVEST IN MUDRA IPO.IT WILL LIST BELOW CUT OFF ,IF NOT ON LISTING BUT GAURANTEED WITHIN 15 DAYS.PORT PROJECTS HAVE NOT PERFORMED WELL.HALDIA IS ONE OF THE EX.BETTER INVEST IN RELIGARE AND GET LISTING PREMIUM 70-75 % AND IT BE DOBLED IN NEXT 10 DAYS.AVOID RELIANCE POWER.
Religare Enterprises, a Ranbaxy Group Company is in the rapid scaling-up mode. It's IPO was oversubscribed by 6 times on day1. This syas everything about this company. Good to invest here.