31 Oct 07 My views on Religare IPO Listing Gains and Allotment chances
Religare Enterprises is likely to provide investors with very good gains on listing. Religare IPO closes for subscription tomorrow. As on the penultimate day the subscription figures of Religare IPO stand as follows. Retail category has been subscribed by 13.38 times while institutional investors category has been subscribed by a whooping 46.23 times. Overall, the Religare IPO has been subscribed by over 32 times. Though Religare IPO is likely to list at a huge premium to the issue price, I’m not gonna invest in the IPO. I’m quite sure the IPO will be oversubscribed close to 100 times tomorrow. Thos who believe they have lady luck favouring them, can go ahead and apply in the Religare IPO for listing gains. I planned to apply aggresively in the Religare IPO but I’m disappointed looking at the heavy subscription it has managed to get. Looks like all IPO’s opening in the near future will get heavily oversubscribed. This will cause greedy promoters to fix the price band at a very aggressive valuation and hence it would be a double whammy for investors applying in IPO’s – Low listing gains as well as very low allotment chances.
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Seems to be Mundra Port also will be oversubscribed more thatn 100 times surely,if everything is going on like this then what will be the positoin of a small Investor?? I think one more IPO EMPEE DIST is also one more good issue, people are looking for higher gains in Munda, inspite of applying for Mundra it is better for us to apply for EMPEE DIST I think so.
I think Religare will be listed above 350 and will range to 400. Ofcourse the chances of allotment are feeble as it is oversubscribed heavily. Let’s hope for the best.
u have not mentioned the date on which the scrip will get listed…
Hi Folks!
Religare Allotment is out…
All the BEST!!
Anyway Im unlucky that I didn’t get any allotment:-(
JasVenk
hey was religare subscription fully on lottery systems. i had applied full for two applications???
Hi guys.
Whats the chances in mundra ipo ..when its allottment going to be out.
I believe its a blue chip stock and capacity to move beyond 1000 in short term…