those who have applied in un secured category of shriram ncd have reived full allotment...they have received confirmation of allotment from cdsl.......
Thanks a lot Ravi,Bangolre For taking great efforts to educate day traders/IPO investors I am thankful that you are sharing your experince & KNOWLEDGE with us thanks a ton milinds
Don't give wrong information here. The bric has assigned the grade 2/5 for this IPO. And also asked the investor to avoid this issue. I am searching the same link again. When I find it, I will post the link here.
With activity in the stock market ever on the rise, scamsters are aware that every investor wants to subscribe to stocks from particular industries, such as infrastructure as part of their portfolio because these stocks yield higher returns.
The promoters hire market operators to publish stories indicating huge orders or collaborations and predict excellent profits for the company. This is substantiated by the net profit figure boosted by the forged export income in the company’s books. The Earnings Per Share (EPS) for the company appears healthy and is priced low when compared to other companies, and the stock is deemed to be an excellent buy.
A few market operators then start transactions on the stock and increase liquidity for the counter. Consequently, the trade volumes for the share rise. The share price increases 3 to 5 times in a short period of time. The promoters then start taking advantage of this buoyant situation and sell their stocks to investors. The price of the share goes down suddenly and the investors end up with dead stock. The promoters are able to obtain a good price for stocks of their company.
It’s best to avoid investing in stocks that show too much fluctuation in prices.
Thus "fundamental" investors loose 'fund' & become 'mental'.