Barak Valley Cement IPO is another case of an IPO starting to see huge ativity on the grey markets before it even opens for subscription. The only way to avoid IPO Grey Market from flourishing is to allow companies coming with IPO’s to trade in the futures market of recognised stock exchanges. This will also act as a good listing price discovery mechanism. The Barak Valley Cement IPO Grey Market Premium is Rs. 10. Barak Valley IPO opens for subscription on Nov 01, 2007.
Hey this issue seems worth subscribing in that case, whats your opinion. Do post the expected opening price also.
my appl no. is 12322854 for barak valley,can any one tell me the status