hi,i had applied for cinemax ipo but not alloted any shares,a cheque came to my house from hdfc bank chq no"000505"but when i deposited that cheque to my account it was rejected by my sbi bank.and a registry came after 5 days declaring that this amount is already withdrawn and on that cheque i saw my acc no return was wrong..i submited that cheque with application to registar office in cp,delhi.but no reply has come today.what shal we do?plz let us know?plzzzzz
my application no is 3 1245662 and been paid by cheque no.144164 dt24/01/07 of UCC BANK Mac Robertganj KANPUR . I DID NOT RECEIEVED THE REFUND YET. Hope for your kind reply . Hope for reply soon. thanking you Dr. ANAND NARAIN PRASAD 12/483 flat no .101A RATAN DHAM MacRobert Ganj KANPUR 208001(U.P.) ph no.9415087337 (0512)2540172
In my view there are following reason for this Scrip not doing good: 1) It is the part of Kanakia Group which is in Real Estate. Now after CRR has been increased by .5% the margins for bank will go less thus the to maintain the profit margins bank will rise the interrest on Home loans. This will adversely effect on real estate. Further the depriciation in the property of the co. will be significant one. 2) The political scenario is not good as elections in 5 states are aproaching near. This makes inflation as the prime concern of government and this budget may have something which industry may not apprciate. In this scenario expecting of any new money to the market is worthless. Since very less new buying will be there by istitutional investors the price of IPO is likely to remain the same till budget.
I have bought 75 share @Rs155.5/- and it is still going down. request experts to comments on Cinemax performance for coming week/month.Should i hold this.