19 Sep 07 Saamya Biotech IPO opens for subscription on 25th
Saamya Biotech IPO opens for subscription on Spetember 25, 2007. With the Indian stock markets touching record highs, the activity in the IPO market has also picked up. Saamya Biotech is small biotech company which is raising just 15 crores through the IPO. Since the size of the IPO is very small, Saamya Biotech IPO is likely to be oversubscribed very heavily and hence allotment will be tough to get. Its better to give the Saamya Biotech IPO a miss if it gets heavily oversubscribed. This way an investor can apply in other IPO’s rather than locking their capital in the Saamya Biotech IPO only to get it returned after 20 days as refund, without getting any shares alloted in the IPO.
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Bullish
Just to draw your attention that this is a fixed price IPO – thus we cannot see the oversubscription and also the money will be locked for more than one month – you may wish to communicate this to others
rgds
ketan
It is the issue at par is worth trying. The lucky allotee can expect 200% to 300% gain on first listing itself.
happy investing
HK