Friends, Final call : GMP is 5.50 to 6.00. Expected subscription 15-20 times. Company fundamentally weak :GMP not a criteria.As GMP is falling down it is a matter of concern. I Request friends those who are risk averse to put in only 1 application max.I have put in same number as in Ravi.I am confident of getting out with profit at whatever level it lists.
Vidya rattan, Forms are submitted directly to banks & since it is a fixed price issue there is no bidding done at exchanges hence you cannot see the details
As suggested by some senior baorders in chittorgarh & seeing the GMP i applied two full application in Shekhawati IPO today to reep the listing gains ar ravikumar distilleries will also be a factor as i see the price is still hovering around 82. excellent return.
I filled in the physical application form and submitted in Karvy chennai branch at 9 am today. Now my broker called me and said that he is not able to submit the form as no centres/branch are receiving it. He has tried for almost 2 hrs and said that he will return my form and no one in chennai apart from me in Karvy has applied in this issue and asked me to give a miss finally. Also verified with geojitt, Prabhudas lilladher, Bajaj etc and they also declined to collect the application form.
Yes finally decided to takeback my form, the effort put in in collecting the application form has been wasted. My branch head also advised a caution as the registrars look new, getting the refund on physical forms will be slightly risky.
I totally respect Shreedhars views and that is also one of the reason i decided to apply for the issue but resulted in no vein.
Any boarders in chennai via physical ipo forms are facing the same issue ?????