whats the logic of this bumper listing. why the promoters would leave so much on table ?
996.1. Johny| Link| Bookmark|
December 29, 2017 10:29:37 AM
IPO Mentor (700+ Posts, 1000+ Likes)
Look at the other way. Offer small quantity at price which would attract retain and create high over subscription which also indirectly creates extra ordinary hype and demand. Price goes up post listing. Then offload additional quantity by any other methods. If IPO would be for more quantity or higher price, then it might not get oversubscribed as much. Everyone looks at over-subscription figures not the absolute amount. A 100 Rs IPO oversubscribed 10 times is same amount as 10 Rs IPO oversubscribed 100 times.
Did not get allotment but bought at 120.75 500 shares, this upper circuit will continue for 07 days in NSE as it is in T2 category, can we expect upper circuit for upcoming 06 days as well or is it advisable to hold for another 03-08 months or more for better profit, comparing to its parent company Astron granito past performance
Buy Asian Granito India Ltd. at CMP ahead of discovery of listing price of its subsidiary Company Astron Paper & Board Mills Ltd. and sell with handsome profit same day.
All the best for listing and trading profits.....!