RBI Will give major boost to all public company or banks so it will favour recltd,power finance, lic or hdfc bank,idfc,icici.
sks microfinance will have strict regulation and this will reach to 675 rs whic is its fair value.same story happened with future capital expensive issue people though great story and it crasehd from 1000 level to 300.
it will happen same to sks microfincance. sell on opening even if its same price.
sometime back i read in one economic times that RBI is going to fix these micro finance companies beacuse these companies are taking money from banks at lower rates and loan that money to poor people at very high rates
ALTHOUGH THIS IS A SPECULATIVE SCRIP AND CAN LIST HIGHER BUT STILL INVESTORS SHOULD NOT APPLY FOR THIS TYPE OF HIGHLY OVERPRICED IPOS, BECAUSE AT TIMES THIS TYPE OF SCRIPS LIST EXTREMELY UNDERPRICE
Singhal, As gem said anything could happen.It may drift to 950 or most likely it may cross 1100.I did not apply for SKS.If I had applied I would keep a stop loss at GMP or first listing price which may be 1025 & just watch what will happen.Most probably it should be a stellar listing.