10 Jul 07 Simplex Projects IPO Oversubscribed : Apply for listing gains

The Qualified Institutional Buyers category and the Retail Individual Investors category in the Simplex Projects IPO have been oversubscribed on the very first day of the IPO being open for subscription. This shows the investor appetite for the Simplex Projects IPO. Apply aggressively in the Simplex Projects IPO for listing gains. However, if you have limited capital, I suggest you wait till the last date and check the subscription details of the Simplex Projects IPO on the last date. If the Simplex Projects IPO is heavily oversubscribed and your capital is limited, I suggest you save your capital and invest it in the Omaxe IPO. Since the Omaxe IPO is a much larger issue, chances of allotment would be higher. Out of the previous 4 IPO’s that I applied for, I have received allotment only in 1 IPO, all though I applied for the maximum number of shares in all the 4 IPO’s. It is frustrating to have your capital locked up for 3 weeks and receive no returns at all