04 Jul 07 BEML FPO Subscription Details
The subscription for BEML FPO has ended. BEML FPO has performed extremely well. The BEML FPO has been subscribed by about 30.65 times (oversubscribed 29.65 times). The good thing about the BEML FPO is that retail category has only been subscribed by about 3.19 times (oversubscribed by 2.19 times). This means retail investors will get a decent allotment and since the FII category is heavily oversubscribed (oversubscription ratio : 62.33 times), the BEML stock price in the secondary market has already received a boost and is likely to remain strong in the coming days. All retail investors who applied in the BEML FPO for a quantity of over 15 shares will get firm allotment.
I feel BEML FPO will provide good listing gains for those who invested in the FPO. BEML shares are already listed both on the NSE and the BSE and hence investors looking for listing gains can sell as soon as they get allotment. Investors who are risk averse and who feel that the price of BEML shares are likely to fall in the coming days can book their gains right now by using the arbitrage strategy which was described in a detailed manner in the ICICI Bank FPO post. However please be informed that the arbitrage strategy involves substantial capital requirements. Further, the transaction costs involved and the additional capital infused will dilute your overall ROI. Investors who have invested in the BEML FPO can expect to receive the FPO refund in the fourth week of July through ECS. Allotment is likely to be made on the third week of july. The allotment status of BEML FPO and the details for checking the allotment status online will be posted here as soon as they are available.
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Dear market players ,
As beml reports are infront of you buying BEML by using stop loss method can be done for future gain current market price is 1263 so buying between 1180-1240 will prove to be profitable..
Buy BEML from market @ 1250+