You both are correct in your point of view..... I remember ANG on listing day it was locked in circuit. On 2nd day again circuit, but sustained only for seconds & erased all 1 st day gain and closed just above issue price. Even in meera, issue price was 36 but in few days after listing it went all the way down to 30. Mercant bankers play their role for 2 weeks, after that counter is on its own. Two weeks after listing counter moves up/down on its fundamentals & valuation
58. IPOANALYSIS Sep 11, 2017 7:26:16 PM IST I Like It. | Report Abuse IPO Mentor IPO Mentor (600+ Posts, 300+ Likes) ok there has been no selling . infact Guiness has bought stocks. one thing is surprising Guiness sold at 115 20000 shares and bought again 65000 shares at 85
why the hell would Guiness sell it shares when it is market maker and u cant allow fall in the stock in this way.
This was the post of IPOANALYSIS, when ANG went down to issue price on 2nd day.
Total Bids (Vertoz Advertising Limited) As on 16-Nov-2017 15:00:00 IST Total Issue Size 1584000 Total Bids Received 3393600 Total Bids Received at Cut-off Price - No. of times issue is subscribed 2.14
Bid Details (Vertoz Advertising Limited) (Bid Details for VERTOZ as on 16-Nov-2017 15:00:00 IST) Category No. of shares bid for 1) Qualified Institutional Buyers (QIBs) 0 Foreign Institutional Investors (FIIs) 0 Domestic Financial Institutions 0 Mutual Funds 0 Others 0 2) Non Institutional Investors 18,79,200 Corporates 14,400 Individuals (Other than RIIs) 18,64,800 Others 0 3) Retail Individual Investors (RIIs) 15,14,400 Cut Off 0 Price Bids 15,14,400 Total 33,93,600
Total Bids (Vertoz Advertising Limited) As on 16-Nov-2017 16:15:00 IST Total Issue Size 1584000 Total Bids Received 6577200 Total Bids Received at Cut-off Price - No. of times issue is subscribed 4.15
Bid Details (Vertoz Advertising Limited) (Bid Details for VERTOZ as on 16-Nov-2017 16:10:00 IST) Category No. of shares bid for 1) Qualified Institutional Buyers (QIBs) 0 Foreign Institutional Investors (FIIs) 0 Domestic Financial Institutions 0 Mutual Funds 0 Others 0 2) Non Institutional Investors 42,76,800 Corporates 93,600 Individuals (Other than RIIs) 41,83,200 Others 0 3) Retail Individual Investors (RIIs) 23,00,400 Cut Off 0 Price Bids 23,00,400 Total 65,77,200