If we look at last 12 SME IPOs listed (from Vadivarhe to Shrenik), all of them are trading above the issue price (however bad/good the issue is). The market sentiment is positive - that could be the trigger. So, this is correct time to take little risk. What do you say?
No Brother. This means, it is subscribed 3.84 times. While calculating, only take the bids @40 (donot take cut-off bids in BSE-SME IPOs). Their calculation is wrong (they add the cut-off bids twice). 5478k/1425k = 3.84
I don''t know whether I should recommend SUBSCRIBE or AVOID. As QIB has subscribed 28% of MarketMaker''s portion (overall 3.6x so far), I bid for 1 lot. I also have huge confidence on Hem.
Dear Prabhakaran sir, As this IPO is subscribed by 1.72 times on second day with small amount of QIB subscription. Can we subscribe this IPO for listing gain? Thanks in advance.