investor has lot of money to invest because of short of good issue therefore issue will be in good demand.those who have passions to retain the shares for one year will get good return.those who are selling the shares on listing day may not get attractive returns.
people who are saying do not apply in this IPO dosenot know any thing about PGCIL. PGCIL was the part of NTPC and handling all the power generated by central PSUs. It is high growth area.
57 crores shares is a big number!!!will have to wait for price!got to be low around 50 or so.but central bank of india with such a heavy subscription even in QIB category isnt doing too well(inspite of volatility).i know markets are always CRAZY but still cant believe all this.....
PGCIL is very good and it will have good growth in future along with its cousin NTPC. Even if Nuclear Energy comes in future it can only provide 7 to 9% of india's total power needs.
We have to wait for the issue price, but my opinion is that it will be within reasonable price as its a public sector. Need some expert analysis about this issue please.