Do not sell in haste. Meera Industries, Steel city securities yaad hai na. A fundamentally good company may languish for some time but ultimately it has to go up. Take for recent main board example of Hudco.
That''s the point Allan. If it lists in UC, congrats to every allot-es and will re-think about my analysis; What-if it lists at same price as issue price (I don''t want to keep my money blocked for 6+2 days) because PE of 30+ (before dilution) is not a fair price. Risk-return ratio is very high here - I would prefer missing out a 30k profit than ending up with 3k loss.
Another point is that, not all good shares will list at UC. Take Meera for example, it stayed (at/below) issue price for a month and then moved up 64%
Final point is that all the issues lead by Swastika (in past 5 months) didn''t reach UC/LC in first 3 hours of trades (Airan locked in UC after 2pm only); Other than Airan, none of the SMEs locked in UC anyday.
By looking good response of 3.81 times with one day ahead. It may get subscribe more than 30 times till tomorrow. If it is oversubscribed more than 30 times, Can I apply for listing gain?