gem ipo,you said retail 10-14 & overall 30-50.It will easily beat the higher target.It will subscribe more than 50 times pretty handily.I am checking Employee category.Even if only half is subscribed then it will be good for retail.
Statutory warning,Persistent IPO will subscribe heavily.Those people(applying in small lots) who believe they are very lucky only should subscribe to the issue.Otherwise it will be a waste of their money & time.People who had applied in DQE in small lots would have done better by applying in ILFS & NMDC.At least they would have got some shares & made profit.
Why these people (several of them) worrying about undersubscription of Persistent?It will oversubscribe heavily & then become oversubscription headache.I said yesterday it will easily cross 75 times in FII & it will definitely cross.