Mundra Port IPO : Apply for Listing Gains

Mundra Port IPO opened for subscription today. The ipo got oversubscribed in the very first hour of it opening for subscription. At the end of day 1 institutional investor category and the high networth investor category in the Mundra Port and SEZ IPO got oversubscribed by close to 7 times. Mundra Port IPO is likely to generate excellent gains on listing. Apply aggressively at cut off in the Mundra Port IPO for listing gains. However, a word of caution – Mundra Port IPO Allotment is likely be on lottery system and hence low investors have low allotment chances in the Mundra IPO.