310.3. PSR| Link| Bookmark|
September 22, 2017 10:38:43 AM
IPO Guru (1200+ Posts, 700+ Likes)
The GMP in respect ICICI Lob & SBI Life unlikely to sustain till listing dates.
They are likely to be listed at nominal discount.
However, considering the sectors they belong, people are applying for long term holding under the impression that they would give reasonably good return in long term though there is likely to be marginal notional loss on listing.
Avoid for now. This whole North Korea stuff, India GDP slowing down all of this acting as a distraction besides SBI Life is overvalued for now. Skip the IPO and enter later. HDFC Life is coming in Q3 too... just keep a watch for now.
I don''t know how the timing of Such big IPO has been successive to ICICI Lombard IPO,Capacite. All the amounts are already blocked. Issuers seems to collect the money from investors any how.
I remember the scenario of year 2008, when the market was up up up till the final day of subscription of Reliance Power. And after that all knows what happened.
I personally suggest that please avoid this IPO, you will sure get this at lower price in very few months.
I,the Retail Investor, along with our friends, am avoiding this IPO.
I and also my friend retail investor are avoiding this ipo. This is simply showing greed like reliance power. Also market is in a situation from where it can go south.
Today I modify my application with increase 1 lot 3 lot then my application is not visible in my IPO Order list but amount also debited There is any problem in my bank side ? I use IDBI Securities with IDBI Bank A/C