both r good may be go the bank nearest to u however HDFC trading arm is bigger then axis...... Btw they r only good for IPOs for trading i prefer no frill discount brokers like zerodha
Looking at final subscription looks like QIB and HNI have withdrawn before close Bcoz at four pm QIB was 1.21 final was below .9. QIB withdrawal is not a good sign
202.1. Eagleye| Link| Bookmark|
March 26, 2016 9:02:30 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Your inference that QIB & HNI have withdrawn before close is not correct ...
Actually, while the issue is open of subscription .... the number of shares available per category are calculated at the lower end of the price band ... but final subscription numbers are calculated at the upper price band of the issue ... Usually, this makes a marginal difference ... However, in the case of Infibeam this has got amplified as the price band was hugh @20% (i.e. 360 to 432)
202.2. Septa| Link| Bookmark|
March 26, 2016 10:50:13 AM
(4000+ Posts, 4600+ Likes)