Religare IPO is already 9.63 times over subscribed with retail part being over subscribed by over 2.5 times. This is scenario on the second day. Most of the retail subscription happens on the last day just before closing hours, i believe Religare is going to be over subscribed by atleast 40 times on retail part. Though Varun subscription details will not be available until 1st Nov, it is likely to be oversubscribed by more than 30 times on retail side. Apply in these IPOs only if you have extra unutilised funds otherwise it is better to put money in secondary market.
if the ipo is oversubscribed then chances are less with an investment of Rs 6000. In case of heavily oversubscription, chnaces are almost zero allotment.
Its very small issue & fixed price issue where u will not been able to know the subscription.so, my advice is go for big ipo's like RELIGARE & MUDRA(1500cr)where u get more chance of getting shares.Moreover in varun ur money will be blocked for min 30-40 days.Happy investing.
Another important thing with this IPO is promoters are allotted share on IPO price. This does not happens in other IPO's where promoters get the share for much smaller price.
Save 25000/- for RPL and put rest all money in Varun, Religare, Mundra, EMPEE and BVCL. Preference should be (cosidering the chances of getting allotment also) 1. Varun 2. Mundra 3. Religare 4. BVCL 5. EMPEE Its based on my personal analysis...
first of all the chance of getting allotment is good compare to religare n mundra due to over subscriptions of these two,next varun is not over priced so on listing it might gain a more..so stay n stay long
Varun IPO is very small issue, just 60 crores. It is better to go for Religare or Mundra Port, as these issue is big and chances of allotment is more. Returns are also good!!!!!!