Protean recently was also having nil to low GMP and then has given quite a run-up. One can argue it is a govt. company and only listed in BSE, manipulation is easy and it has the flavour of "go with the flow" of other govt. companies.
But essence is if one can hold, and the operator steps in, given with some fundamental backing, this can also give a run-up post listing.
Just some views to share, hoping for the best for all those who applied and got allotted.
AS IT IS SUBSIDIARY COMPANY OF FEDERAL BANK I AM VERY CONFIDENT THAT IT WILL LIST IN A LOW TO MEDIUM PREMIUM SO I HAVE MADE APPLICATION OF BHNI ON FIRST DAY OF ISSUE BUT ON LAST DAY BHNI WAS ALSO NOT FULLY SUBSCRIBE SO I AM VERY FEARED ABOUT THAT AND I DONT WANT TO TAKE RISK SO I HAVE MADE SECOND APPLICATION AND BHNI APPLICATION AND RETAIL APPLICATION IS REJECTED...NOW SEE TOMORROW HOW ITS LIST....
Amount debited and got message that ‘shares credited to demat account’ but then amount got reversed. I am using Federal bank. Anybody facing same issue?
Not the exact issue. Money has not been debited from account in SBI yet but shares got credited already. Check your depository account. If the shares have been credited, forget the issue, bank will debit the money later.