13 Aug 07 Central Bank (CBI) Grey Market Premium
As per latest reports, Central Bank of India (CBI) is quoting a premium of Rs. 35 in the Ahmedabad grey market. The grey market premium of CBI has come down today to Rs. 35 from Rs. 39 last week. The grey market premium can be used at a rough estimate to predict the listing price of new issues, post IPO. Hence central bank is likely to list around Rs. 135 – Rs. 140 going by the grey market premium. The listing date of CBI has not yet been announce, but is likely to be either 16th or 17th of this month.
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Hi Bullish Indian, I just have one very basic question. For an IPO, if the issue price is say Rs.X, and if its grey market premium is, say, Rs.Y, then do you mean to say that, the most probably, the IPO will get listed at a price Rs.(X+Y) ?
I have applied for CentralBank IPO thru My icicidirect.com account.
but till date i didn’t get my refund back.
This is the first case when my refund didn’t come thru ECS normally for all the cased my refund use to cum thru ECS..
how long shall i wait for this.. Shall i file thru SEBI
I have applied for CentralBank IPO thru My icicidirect.com account.
but till date i didn’t get my refund back.
For IPO refund queries read
http://www.bullishindian.com/ipo-refund-complaints/475/
Puravankara will have a listing of Rs.450 and above do not sell, its a good company, hang on, you can expect good surprises from the company ofcourse at 525 it is over price but how can any one say at 400 it is over priced do not believe the market spectatos believe the company fundamentals and strong management.