Nelcast Limited IPO Message Board (Page 6)

1. rekha |   Link | Jun 1, 2007 12:30:06 AM
HI all,
Seems an expensive buy.Moreover auto ancillaries are not top draw companies for investment.Many new issues from this industry segment are not at all doing well.In fact they are quoting below offer price.For listing gains wait till the last day 5 pm and see the subscription figs.On the other hand you may on the last day give multiple apps for different number of shares and depending on oversubscription retain one and stop payment for all the others.Since the registrar takes into account only apps for which payment has been received you don't have to fear about multiple applications.
All the best folks.