31 Jul 07 Everonn Systems IPO Listing Date
Everonn Systems IPO which got oversubscribed heavily will make its grand debut tomorrow. The Listing date of Everonn Systems India Limited, which has been announced by the stock exchanges today, is August 01 2007. Since the Everonn Systems IPO was heavily oversubscribed, allotment was tough to get. Due to the unfullfilled demand in the primary market, Everonn Systems is likely to list at a huge premium to the IPO issue price.
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This is for all those who think stocks markets are not for small investors:- I was allocated only 50 shares of everonn even though i had applied for the full limit i.e, 98000/= . Still thats a cool profit of Rs 20,000 on my entire 98,000 investment which makes it 21% interest in ONE MONTH for a total interest rate of 250% . Compare that to investing in Post and FD’s where you get just 9% in ONE YEAR.