The way the ETF constituents stocks are being hammered today. The same might continue tomorrow. If that's case, the allotment price determined will be low. I might apply with full force.
I am not sure about the GMP. But I feel the allotment price could be below Rs. 25. Don't expect very high appreciation. The most margin you could get on the day of listing (it is already listed, what I mean is the day you sell after the allotment) could be around 4 to 8% unless you hold for some time.
yes sir i also think allotment price after discount is below 25. but the down move from last 7 days what you think can this etf give us negative returns? and can be open in discount??
thank you.