Chittorgarh.com Logo
Loading...

Bharatiya Global Infomedia Ltd IPO (Bharatiya Global Infomedia IPO) Detail

Jul 11, 2011 - Jul 14, 2011

Incorporated in 1994, Bharatiya Global Infomedia Ltd (BGIL) is a technology based company, is in the business of Information Technology Based Solutions-RFID & Smart Card and Digital Post Production Studio. BGIL focusing on the sectors such as Information Technology security and compliance automation software solutions and technology related to media & entertainment industry with focus on research & development.

BGIL provides visibility across the IT infrastructure, intelligently identifies security threats and compliance breaches, and automates security and compliance processes to reduce risk. They have total of 32 Radio Frequency Identification solutions, out of which they got registration for 8 solutions from Government of India. The IT division of the Company has developed products in house in its R& D centre in Noida using Radio Frequency Identification (RFID) technology. RFID is the key technology of BGIL and used for identification and tracking of the identity, location and conditions of assets, tools, inventory, people using radio waves.

Company Promoters:

The promoters of the company are:

1. Mr. Rakesh Bhhatia
2. Mrs. Arti Bhatia

Objects of the Issue:

The object of the issue are to:

1. Setting up of Corporate office at Noida & Branch Office at Mumbai;
a. Purchase of owned Corporate office at Noida & relocation of Branch Office at Mumbai
b. Upgradation of Digital Post Production Studio and Investment in IT division
2. Expansion of R&D technology centre;
3. Repayment of bank borrowings;
4. Meeting long term working capital requirements;
5. Meeting general corporate purposes; and
6. Meeting Issue Expenses.

Bharatiya Global Infomedia IPO Details

IPO Opening Date Jul 11, 2011
IPO Closing Date Jul 14, 2011
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹75 to ₹82 per equity share
Market Lot 75 Shares
Min Order Quantity 75 Shares
Listing At BSE, NSE
Issue Size6,720,000 Eq Shares of ₹10
(aggregating up to ₹55.10 Cr)

Bharatiya Global Infomedia IPO Lot Size

The Bharatiya Global Infomedia IPO market lot size is 75 shares. A retail-individual investor can apply for up to 32 lots (2400 shares or ₹196,800).

Application Lots Shares Amount (Cut-off)
Minimum 1 75 ₹6,150
Maximum 32 2400 ₹196,800

Bharatiya Global Infomedia Ltd IPO Grading

CARE has assigned an IPO Grade 2 to Bharatiya Global Infomedia IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Bharatiya Global Infomedia IPO Grading Report

Bharatiya Global Infomedia IPO Subscription Status (Bidding Detail)

The Bharatiya Global Infomedia IPO is subscribed 2.06 times on Jul 14, 2011 17:00. The public issue subscribed 5.06 in the retail category, 0.00 in the QIB category, and 1.94 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB

0.00

NII

1.94

RII

5.06

Total

2.06

Bharatiya Global Infomedia IPO Rating

169
3.6
Rating:Rated 3.6 stars
Vote Here ...

Bharatiya Global Infomedia IPO Listing Date

Listing Date Thursday, July 28, 2011
BSE Script Code 533499
NSE Symbol BGLOBAL
Listing In B Group of Securities
ISIN INE224M01013
IPO Price ₹82 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹82.00
₹84.00
₹27.15
₹84.00
₹30.95
NSE
₹82.00
₹81.90
₹26.10
₹83.00
₹29.90

Company Contact Information

Bharatiya Global Infomedia Ltd
623, 6th Floor, Devika Tower,
6, Nehru Place,
New Delhi- 110 019
Phone: +91-11- 40765562
Email: kumar.pushkar@bgilinfo.com
Website: http://www.bgilinfo.com

Bharatiya Global Infomedia IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: bgil.ipo@karvy.com
Website: https://karisma.kfintech.com/

Bharatiya Global Infomedia IPO Reviews / Ratings

Bharatiya Global Infomedia IPO Lead Manager(s)

Bharatiya Global Infomedia IPO FAQs

Bharatiya Global Infomedia IPO is a main-board IPO of 6,720,000 equity shares of the face value of ₹10 aggregating up to ₹55.10 Crores. The issue is priced at ₹75 to ₹82 per equity share. The minimum order quantity is 75 Shares.

The IPO opens on Jul 11, 2011, and closes on Jul 14, 2011.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Bharatiya Global Infomedia IPO opens on Jul 11, 2011 and closes on Jul 14, 2011.

Bharatiya Global Infomedia IPO lot size is 75 Shares and the minimum order quantity is 75 Shares.

You can apply in Bharatiya Global Infomedia IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bharatiya Global Infomedia IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bharatiya Global Infomedia IPO allotment status.

The Bharatiya Global Infomedia IPO listing date is on Thursday, July 28, 2011.

Bharatiya Global Infomedia IPO Message Board

Ranked Members  Ranked Members

Loading...
155. Durai Raj,Tirupur |Aug 27, 2011 21:19
Top Contributor Top Contributor (300+ Posts)
A WORLD OF DEBT:

Every human being on earth currently carries a debt burden of nearly $22,733 on average, if the latest reports are to be believed.

Every child is sharing the same debt burden at birth, as debt growth rates beat the global population growth rate. In fact, debt liabilities are growing faster than GDP expansion rates.

Overall outstanding debt worldwide has more than doubled in the past ten years to $158 trillion (Dh580 trillion) in 2010, up from $78 trillion in 2000, according to a recent report by global consultancy McKinsey.

The global population is currently estimated at 6.95 billion, whereas worldwide gross domestic product (GDP) reached $74.54 trillion last year.

This translates to a per capita GDP of $10,500, which is less than half of the per capita debt burden of $22,733.

In theory, this makes the human population a ‘bankrupt’ race and financially the most dangerously exposed and vulnerable in its history.

If you think this is bad, then wait for the worst news: The debt toll is rising and it will be higher next year.

The global debt trap

The global debt of $158 trillion includes $41.1 trillion incurred by governments worldwide up to last year, accounting for 69 per cent of global GDP. This is expected to rise to $46.12 trillion in 2012, according to the Economist Intelligence Unit (EIU).

“Debt also grew faster than GDP over this period, with the ratio of global debt to world GDP increasing from 218 per cent in 2000 to 266 per cent in 2010,” McKinsey said.

Around $48 trillion of the total debt outstanding was that of governments and financial institutions. In both the US and Western Europe in 2010, the ratio of public debt stood at more than 70 per cent of the GDP, McKinsey said.

“Developed countries may need to undergo years of spending cuts and higher taxes in order to get their fiscal houses in order,” it added.

Many governments in the developed world have resorted to massive stimulus measures to bolster their economies since the 2008 global financial meltdown.

“Public debt outstanding [measured as marketable government debt securities] stood at $41.1 trillion at the end of 2010, an increase of nearly $25 trillion since 2000. This was equivalent to 69 per cent of global GDP, or 23 percentage points higher than in 2000. In just the past two years, public debt has grown by $9.4 trillion — or 13 percentage points of GDP,” McKinsey said.

The government debt worldwide was $31.7 trillion in 2008. Last year alone, government debt accounted for about 80 per cent of the overall growth in total outstanding debt.

World governments owe the money to their own citizens and lenders. The rising total debt is important for two reasons.

First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future, EIU explains in its global debt clock — which is ticking every second.

“Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week,” it says.

“Fail that vote, as the Greek government did in early 2010, and the country can be plunged into imminent crisis. So the higher the global government debt total, the greater the risk of fiscal crisis, and the bigger the economic impact such crises will have.”

Greece, Ireland, Portugal, Spain, the UK and the US are caught in a debt trap. For some governments, the only escape is to do the same things that an average household must do when it can’t make ends meet — sell off assets, slash spending, scrape for extra earnings, downsize, and make sacrifices.

They are cutting healthcare and pensions for millions of citizens, laying off hundreds of thousands of government employees, or worse. For others, like the US, the primary response so far has been to run the money printing presses — all with untold consequences.

The national debt of the United States — the world’s biggest economy — reached $14.62 trillion in recent months — close to its GDP.

According to the IMF, US public debt will reach 99 per cent of its $14.65 trillion GDP in 2011 and 103 per cent in 2012.

In the United States, debt per citizen is more than double the global average, standing at $46,884, while its burden per taxpayer has reached a whopping $130,662 — according to US Debt Clock.

Born into debt

“Every American born today owes $46,884 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest,” US Senator Mark Kirk said recently.

The latest push to raise America’s debt limit of $14.29 trillion by $2.4 trillion earlier this month that placed the country’s policymakers in direct confrontation with opposition politicians — is another example of how difficult things could become. By August 2, a possible US default was creating a worldwide panic.

But how did all this happen?

The US Treasury has borrowed trillions of dollars over the past decade, much of it from foreign investors, to help finance two long wars, rescue its financial system, and promote economic growth through fiscal stimulus.

“The government must be able to issue new debt as long as it continues to run a budget deficit — the current shortfall is about $125 billion per month,” Jonathan Masters, Associate Staff Writer, of Council on Foreign Relations, says. The debt limit was instituted with the Second Liberty Bond Act of 1917, and Congress has raised the cap 74 times since 1962.

“It took the first 204 years of our nation’s history to accumulate $1 trillion in debt. And now we are doing that every two or three years,” Jim Cooper, US Congressman, said.

The Budget Control Act of 2011 of the US now allows up to a $2.4 trillion rise in the debt ceiling (in three tranches), and immediately institutes ten-year discretionary spending caps totalling nearly $1 trillion.

Eurozone — the trouble zone

“In recent months the major areas of uncertainty for the global economy have revolved around the crisis in the Eurozone, the future path of monetary and fiscal policy in the United States, and the fight against inflation in emerging markets,” says Ira Kalish, Director of Global Economics, Deloitte Research. “Failure to resolve these issues will have a negative impact on global growth and stability.”

In its report, Deloitte Research says, despite the problems in the housing market and sovereign debt in Europe, the case for growth in the United States seems to be more compelling at the moment.

“As for Europe, recovery will depend on implementing a permanent solution to the debt crisis. Lowering inflation and steadily increasing average earnings will be key to recovery in the United Kingdom,” it says.

The authorities in Europe and the US must focus on radical structural reform that brings hope to the markets that the debt situation is being seriously tackled, feels Gary Dugan, chief investment officer for Private Banking at Emirates NBD.

“Investors now recognise the Eurozone is at the epicentre of the world’s fears. As the dust settles on problems in the United States [at least for the moment] investors have come to recognise the Eurozone as the weakest link in the global economy,” Dugan says.

“Whilst the United States faces its own problems as an integrated economy it has the ability to address its problems far quicker than the Eurozone. In Europe it is incumbent upon each government to address its problems separately with only mild pressure from the European Central Bank [ECB] or the European parliament.

“Rules that were in place about how much debt a country can have and how much of a budget deficit any country can run in any one particular year have largely been ignored and now lack credibility.”

None of the rules are working anymore, it seems. In fact, the rules of managing economies have changed drastically. Where this will land the human race — no one knows, including bankers and economists.

Market volatility

The last two weeks have been a rollercoaster ride in the markets. Already concerned about signs of economic weakness, investors have reacted dramatically to the dysfunction in Brussels, Frankfurt and Washington.

European policymakers have responded to their crisis with a series of indecisive measures, including a counter-intuitive tightening of monetary policy by the European Central Bank, said a Bank of America Merill Lynch report.

“Apparently, we are told, raising interest rates can control inflation without hurting growth or financial markets.

“Closer to home, fiscal authorities have bombarded the markets with a quadraphonic message of hopelessness: 1. The US has a huge fiscal problem, 2. They are too dysfunctional to deal with it, 3. Threatening to default on the debt is an acceptable form of negotiation, and 4. We will continue to tighten policy regardless of how the economy is doing,” it said.

“Unfortunately, this leaves the Fed in a familiar spot, cleaning up everyone else’s mess. Back in 2008, the Fed was left to deal with the emerging financial crisis, while the ECB hiked rates and Congress refused to take any action, until the stock market was in full collapse.”

Ben Bernanke, Chairman of the US Federal Reserve, has pointed out that monetary policy cannot solve all of the world’s problems.

Moreover, each new round of unconventional policy is likely to have a smaller effect than the last.

“This is particularly the case when the Fed faces a bevy of dissent from both inside and outside the Committee,” Ethan S. Harris, Economist at BofA Merill Lynch, said.

Nonetheless, the Fed is not impotent.

However, there are two reasons for concern. First, a number of sectors have yet to recover from the previous crisis. Banks have rebuilt their capital and are in better shape. However, both the housing sector and state and local governments are quite vulnerable. If the economy does go back into recession, it could reignite the negative feedback loop between employment, home prices and mortgage delinquencies, BofA economists argue.

Hope against hope

The best case for a recovery is that the market panic stops and some of the recent shocks fade. Oil prices have already come off their highs and Japanese supply chains are recovering from the impact of the recent earthquake and tsunami. Moreover, while the Fed has no room to cut interest rates, the ECB and most emerging market central banks have room to ease, it says.

“Europe could take the big step of fiscal integration and centralised debt financing—this is the natural end game for the union. Over the longer term, we could see a pickup in foreign investment, a re-opening of immigration to skilled workers and a productivity boom triggered by technological innovation,” it says.

While risks are skewed to the downside, the economy will continue to recover slowly.

“The recovery will likely come in fits and starts, and we should not be surprised if there are more dead spots that may feel like a recession.

“We learned from historical episodes that the healing process from a balance sheet recession is slow and often bumpy,” Harris says.

How and why did the world get into this huge ‘trap’?

To begin with, it is the advanced or developed industrialised countries that have a huge and unsustainable debt problem, says Dr Nasser Saidi, chief economist of Dubai International Financial Centre (DIFC).

By contrast, emerging market economies (with few exceptions) have healthy national balance sheets, strong macro-economic conditions and sound fiscal policies.

The OECD forecasts that advanced economies — without major corrective changes in fiscal policies — will have debt to GDP ratios in excess of 115 per cent by 2015.

What led to this growing debt problem?

“We need to distinguish between secular, trend factors that underlie government budget deficits and debt accumulation from cyclical factors and the results of interventionist government policies,” says Dr Saidi.

The trend factors are related to the demographics of ageing populations in advanced economies (Japan, Europe and to a lesser extent the US) and the role of entitlement and health policies: social security, national health programmes (Medicare, Medicaid).

The ageing population that characterises Japan, Europe and the US has contributed to the current situation in two ways.

First of all, an uneven growth of working-age and retirement-age population means that a decreasing number of tax-payers have to provide the financial resources for an increasing number of people that become eligible for old-age pensions, he explains.

“There is large transfer of resources from the young to the elderly causing the generation that is entering the job market now to finance not only their own future retirement, but also of their parents. Rather than increase the taxation burden [considered high already in Europe] politicians have taken the easy way out: increased borrowing,” he says.

“The political cycle in advanced economies is heavily biased towards running deficits and increasing debt. The related issue is that people are living longer: life expectancy in the advanced economies has increased from an average 71 years in 1970 to 78 years in 2009. This results in higher public [and private] spending on health and medical as well as other entitlements and growing budget deficits.”

The cyclical factors relate to the impact of the Great Contraction and the Great Financial Crisis. Recessions typically lead to increased government spending through the operation of automatic fiscal stabilisers (e.g. unemployment benefits) while tax revenues decline as a result of lower income; the result is higher deficit spending and debt accumulation.

This expected deficit increasing cyclical effect was exacerbated by unprecedented fiscal stimulus, bail-outs of banks and financial institutions and the ‘socialisation’ of private debt, when governments and central banks took over liabilities from insolvent banks and financial institutions and other sectors (e.g. car industry).

“In the US the situation was aggravated by loose monetary and fiscal policies after 2001, leading to both public and private sector dissaving and reversing a string of government budget surpluses from 1998 to 2001 [with a peak in 2000 when the surplus amounted to $236 billion (Dh866.8 billion],” Dr Saidi argues.

“A policy of low interest rates encouraged private sector dissaving and greater household indebtedness [mortgages in particular], while military spending surged in association with wars in Iraq and Afghanistan.

“The US moved from being a net capital exporter to a capital importer, absorbing some two thirds of global saving over the period 2004-2006, resulting in the ‘global imbalance’.”

What is the way out?

There is no easy way out.

Advanced economies will require deep and sweeping reforms to their taxation systems and to their entitlement programmes. Fiscal sustainability requires higher tax rates and the countering of demographic pressures, Dr Saidi says.

“The choices are stark and limited: retirement ages need to be gradually extended to 70 or higher, given increased life expectancy; this should be accompanied by a reduction in the size and coverage of entitlement programmes,” he says.

For the US, the long term fiscal sustainability menu will need to include a major reduction in military expenditures and agricultural subsidies. For Europe, dealing with the demographics will also entail loosening of the strict emigration policies in place now: Europe has to draw on the relatively young populations of the Southern Mediterranean in order to pay for its pensions.

None of the above choices are politi cally palatable and we should not expect governments to willingly take hard choices.

“The lessons from history are clear: faced with large debt burdens, governments are unlikely to substantially increase taxation or effect permanent reductions in spending; they are more likely to default or reduce the real value of their obligations through inflation,” he says.

To convince their creditors and financial markets, governments will need to invest in credible institutions. Increasingly, governments are turning towards setting up of independent fiscal advisory councils and the adoption of fiscal rules.

“Such fiscal councils should also be adopting new and different ways of looking at governments fiscal accounts. We should move toward ‘generational accounting’ systems: a method for estimating the economic impact of fiscal policy on different generations — including future ones.

“The idea is to evaluate the intergenerational effects of alternative government fiscal policies,” he says.

But Saidi says to keep the economic growth momentum, governments are forced to spend, rather than repay debts.

Modern political systems — in advanced economies predominantly — have a built-in bias to deficit spending. Most spending once instituted is difficult to roll back and raising taxes is not a vote getter, he explained.

“This is exacerbated by the political cycle and short-time horizon of governments and elected politicians: if you are elected for three to four years or you are a government with a short expected lifetime, you will tend to spend, not tax in order to get re-elected or to pass the consequences of your fiscal follies to subsequent governments,” he says.

Income disparity

Of the global population, nearly half or 3.25 billion earn less than $2 (Dh7.3) a day, whereas the number of millionaires has obly crossed ten million — reflecting a widening wealth gap that could threaten social stability.

According to the latest World Wealth Report by Merill Lynch and Capgemini, the population of global high networth individuals (HNWI) increased 8.3 per cent last year to 10.9 million and HNWI financial wealth grew 9.7 per cent to reach $42.7 trillion. The global population of Ultra-HNWIs grew by 10.2 per cent in 2010 and its wealth by 11.5 per cent.

“In its beginnings, the credit system sneaks in as a modest helper of accumulation and draws by invisible threads the money resources scattered all over the surface of society into the hands of individual or associated capitalists.

“But soon it becomes a new and formidable weapon in the competitive struggle, and finally it transforms itself into an immense social mechanism for the centralisation of capital.”

However, the rising debt toll is becoming the single biggest headache for governments and economists worldwide and is gradually reaching a point where no one can protect humans from ‘insolvency’. The Arab spring is a reminder of how things can flare up if not dealt with properly.
154. rakesh valvod |Jul 30, 2011 12:26
REQUEST TO ALL INVESTORS PL LEARN SUCH TYPE OF BOGUS IPO
153. Kalpesh Gautam |Jul 29, 2011 21:39
Dear retail investor (who become fool) in this IPO. Why you apply 5.17 times when QIB applied 00.000 times whole three days.
152. gundu anna |Jul 29, 2011 21:38
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Dont make speculative investments......

This is a good lesson.
151. seenuipo |Jul 28, 2011 22:32
Top Contributor Top Contributor (200+ Posts)
Dear santhosh,
This is the excellent IPO among a few for day traders that lists around issue price and will move one side. But in this case even 20 seconds time was not there to study, but most of my friends or our members including me not seen the LTP above issue price. I put subsequent sell order at 09:15:25 after facing some problem in my earlier AMO order to trigger buy at Rs 88/-.
My trade for 350 shares were executed for Rs 75.05.But after this price came to Rs 60 and hovering between 60 to 65. Further I didn’t put any order and not decided to buyback the shares at any price below the issue price. I kept this principle as thumb rule. If somebody forces me to do it , I normally leave that place no bother trade goes against this principle.
I could not do short selling today since already I lost around Rs 2500/- by my first trade and subsequent short selling at Rs 65 and putting stop loss at Rs 85 looked some risky.
But operator played truthfully without making loss to any habitual day trader.
Wishyou good luck in inventure.
150. prakash kundur |Jul 28, 2011 21:58
EXCELLENT OPENING DAY LISTING GAINS

The happiest people are the promoters who would have never expected to issue such dud shares at Rs 82.Our 'well informed' retail investors made the issue such a success.Retail category oversubscribed by 5.06 times.
Hopefully all of them made good profits on listing and laughing all the way to the bank.

Even at today's closing price of Rs30.95 it is not worth it.

Such IPOs and intra day trading is not for everyone.For every 1000 lay investors there is one Sreedhar.

I suppose this will be the death knell of all below par IPOs.That should be the lesson for all merchant bankers who are responsible for the pricing and our lay investors who blindly apply without even knowing as to what is the core business of the company.

Long live IPOs.
149. Santosh. |Jul 28, 2011 20:35
seenuipo i hv buy 100 sh @73 and sold @76...i dont decide short or long...thats why i hv not trade it more quantity...after i opened my system it was trading @60-65 range
148. Kavin |Jul 28, 2011 17:57
Hi Sreedhar,

I feel like 2008 crash repeating. Whats your opinion.

Regards,
Kavin.
147. SkDash |Jul 28, 2011 17:26
IPO Mentor IPO Mentor (600+ Posts)
Suresh-Its already down by 60% and I think it may max down by another 10%. U may not get Rs 80, but chance is there to recover from CMP
146. santonu |Jul 28, 2011 17:06
Top Contributor Top Contributor (200+ Posts)
Suresh h.s, should hav applied Stop loss.
145. Suresh HS |Jul 28, 2011 17:02
I have bought 500 shares @ 79.. The windfall has screwed me to the core. I hoped for the shares to recover but it never happened.

What should I do now.. Will it recover is a week or so?
144. sh |Jul 28, 2011 17:00
@136. Sreedhar
"Somebody was saying I am past my..."
Dear Sreedhar, There are many silent admirers for you. The ones who talk about expiry dates are ones who just don't understand risk/reward and they DO NOT belong in the stock market. They are the most unfit to do trading. So please ignore bark*g d*gs which don't belong here anyway.
PLEASE kindly continue posting your views and targets for the sake of many newbies like me.
143. seenuipo |Jul 28, 2011 16:13
Top Contributor Top Contributor (200+ Posts)
Hello santosh,
I sold my allotted shares 374 at Rs 75.05 in the first minute of trading started. But I missed the entire opportunity to short further at any price due to It was hovering around Rs 65 whenever I come to see on my computer most part of the day. Again When I came back to see in the afternoon it was trading around Rs 45 but not took any dicision. My loss in this issue is around 2500/-

This could be my dream IPO if I could trade as per thumb rule. You might have watched the price just crossed Rs 82/-but not topped morning high of Rs 83/-.
This issue played and moved according to trading principles only .No violation of trading rules observed and given windfall profits those trusted IPO rules .
What about you have earned something. I told to everybody to do atleast one stock according to your estimation
142. santonu |Jul 28, 2011 16:12
Top Contributor Top Contributor (200+ Posts)
sreedhar,have u lncurred any loss in any recent ipos.i think you are winner always
141. KK Natarajan |Jul 28, 2011 15:48
IPO Mentor IPO Mentor (500+ Posts)
In the morning I could short only at 71. Covered one part at 63 and the second part at 60. For the third part I put a stop loss just above the issue price. On seeing it surge up and up, removing my stop loss, covered the third part at 73. Then I went out and came back to see what I could not have imagined even in my wildest dreams. What a roller coaster ride! It seems this stock is for those who want thrill and excitement in stock market.
140. vsingh |Jul 28, 2011 15:20
NO ONE SHOULD CATCH A FALLING KNIFE......
139. SkDash |Jul 28, 2011 15:08
IPO Mentor IPO Mentor (600+ Posts)
Sreedhar- its now @ 32- 60% down. Is it worth of buying some small lot for tomorrow ? Do u see some up movement ?
138. vsingh |Jul 28, 2011 15:06
WILL COME TO 20 RS TODAY IT SELF
137. SkDash |Jul 28, 2011 14:50
IPO Mentor IPO Mentor (600+ Posts)
Mamubana diya Bharatiya ne

Socha tha ki Bharatiya ek bharatiya ko help karega
136. Santosh. |Jul 28, 2011 14:50
Sreedhar THANKS....WHAT IS UR FINAL VIEW ON L&T FINANCE HOLDING....I THINK HEAVY ALLOTMENT POSSIBLE DUE TO LOW OVERSUBSCRIPTION....ITS LISTING WITH PRIMIUM OR NOT ?R U PLAN 4 APPLY OR NOT?BEFORE 2 PM OF 2MORO I HV TAKE FINAN DECISION ON IT FOR APPLYING ONLINE ASBA?PLEASE QUICKLY REPLY?