The economictimes article says that tata steel is already having regulatory approval. I am not sure about what regulatory approval they are talking about.
According to me, Tata steel's FPO on 19th Jan is very unlikely considering DRHP yet to be filed by tata steel with SEBI. On an average SEBI takes 20 days to clear DRHP for FPO. SEBI took 20-28 days to clear DRHP for all PSU FPOs which hit market this year and last year.
One more trap from the promoters Before subscription the premium was 6-7 rs
Now there is 2.5 Rs seller No buyer in grey market
Those who have applied in this IPO and have sold the shares in grey market should continue their positions other people should go for stop payment Don't expect Ravi and Shekhawati in each IPO There was different story behind ravi and Shekhawati, that's why they had a super listing Here chances of negative listing are much higher,Retailers are blindly chasing these type of IPOs after seeing ravi and shekhawati
Current GMP:- 2.5 Rs seller 550 shares are expected in 2 lacs application Strictly avoid!!
Remember , To save ur capital is more important than to earn profit
Even i have not seen Ali Bhoy Sakarbazar Wala since long. Dude, come back to this forum. You are our ipo planner ( helped in managing ipo money by always informing about new ipo well in advance ).
Sreedhar ji WHat is your advised for medvally entertainment Ltd. IPO......i had applied application for it.......what should i will do.?????plz advised me.
@ Sreedhar Sir i m sielant Follower of your advised, sir i had applied 2 application for medvally entertainment, sir what is the advised for this IPO...