Objects of the Issue:
1. Construction of facilities for shipbuilding, ship repair and the Offshore Business;
2. Margin for working capital; and
3. For general corporate purposes.
Objects of the Issue:
1. Construction of facilities for shipbuilding, ship repair and the Offshore Business;
2. Margin for working capital; and
3. For general corporate purposes.
Thanks for the Info on IPO - Matrix.
I was reading in one of the website about IPO Grey Market Price. You have any idea about IPO Grey Market Price? What is it? How it works?
Grey Market for IPO exists in Gujarat. How it operates nobody know.Originally Posted by Rajeev S
Grey markets (GreyMarket or GMP) work in two ways in India. It decide the premium of an IPO which is not yet listed in Stock Exchange and it also allows investors to sell there application or allocated stocks at certain premium before they list.
Day 1 - Final figure
Q I B : 2.8264 TIMES
H N I : 7.5347 TIMES
RETAIL : 0.8828 TIMES
EMPLOYEE : 0.0352 TIMES
I think we have to go for this IPO for listing gains. Your views guys.
Some Ratings on this IPO by experts -
Business Line - Avoid.
Angel Broking - Avoid.
SPA Securities - Subscribe.
Even after giving avoid rating by above experts, It got subscribed by 3.5% on 2nd day. -
Q I B : 3.9836 TIMES
H N I : 9.4302 TIMES
RETAIL : 1.1040 TIMES
EMPLOYEE : 0.4264 TIMES
Overall : 3.5672 TIMES
I am going for this IPO for listing gains.
The IPO Grey Market is an over-the-counter market where dealers may execute orders for preferred customers as well as provide support for a new issue before it is actually issued. (Source - Investopedia)
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