Dear Natarajan, See I had given a post few days back regarding different ways of making money from FPOs & said specifically I will inform to you when I make the move so that you could join me.Today I gave you the post at 939 am regarding my first strategy in EIL.My first strategy worked out wonderfully well.I have sold my shares now at 364.The move was even beyond my expectation.If EIL were in F&O I would have bought some puts when it reaches 370 & wait till the FPO is over then I would have sold the puts.This is what I had done with REC & NMDC.
its not a cheap ipo. valns are more or less fairlu vald. there may be some gain on listing.
sentiment for ipo is has not improved for the last 2 months.
generally i apply 7-8-10 full applcn, here i dont think i can take risk for that much money thats why i m not so bulish, but i may apply 6-7 half applcn.
its a very small ipo subscriptn may be huge thats a mirage. not indicating listing price
i m not too bulish on this ipo. i m not sure of much gains and oversubscription. i may apply 6 apllcn half aplcn. using asba for the first time from one bank a/c after seeing 2 pm subscrptn.
Two full applications... After a long time, applied in full force for an IPO. Hopes to get some allotment.... with 16 times in retail oversubscription also....