i think the rule says as, if the face value is Rs 2/- then the issue price should be worth Rs 500/- or above in the sense the issue price * 5 times which should be greater than Rs 500/- in case of Rel Power it was in the price band of 60 to 80 which would not be greater than 500. here it is Rs. 140/- to Rs. 160/- which will be around 700 to 800/-
@44 u r reply.... Very socking as i also show face value is 2 Rs. But if u remember Reliance Power is also 2 Face Value share. But SEBI rule is that if face value is 2 rs. then share price must be more then 500Rs.
So why current IPO price is 140-160 Rs. Very Shocking give me reply.... i am eager to r ans.... all are invited for ans....
hai, now the dirty game of "trap karo gullible public" seems to plying in this public issue also, just see the subscription level of FII from the very first day the issue oversubscribed and fools only follows the trap and start apply and premium in grey market will disappear after all that FII withdraw their applications.
only fools can apply this and porwal auto type issue only issue which can be subscribed is Precision but the industry is not fancied by investors right now, only nominal premium will be available on listing in precision issue and Manaksia and porwal with aries issue will be available in discount, it is challenge to all just wait and watch
I fully aggre with your comments.. We should apply for this IPO. Due to market reaction only the retail category shall be little bit less subscribed. So the Chances of allotment are better than before and return may be more than expected.
I think we have a different views on the market. Don't worry market will settle between 18000 - 19000. I dont see any panic for now. Any other comments are welcomed .....
Now time to avoid all ipo. because market will down near 5000 point. then no byer in listing.fundamentely strong scripts are down. Also application form will withdraw from tomorrow. hope god bless investors.