Primary market is back in boom after lying low for quite some time. Other than PSU FPO or IPO. Private sector IPOs are getting subscribed more than 50-100 times. QIBs and NIIs are subscribing almost more that 100 times.
Is there a strong appetite or it is a signal that a bubble formation has started and its time to exit. Only coming time will tell whats the truth.
REC FPO though just managed to subscribed has given substantial gain from Rs 203 FPO price and current price of Rs 255. Retail got full allotment on 1 lac because of low response and are sitting on a healthy profit of Rs 25000.
NMDC is also around Rs 350 and retail is going to get at Rs 285 with gaurantee of almost full allotment.
Other IPOs are getting subscribed 40-50 times and getting allotment is almost luck or you might be lucky to get 1 lot which doesn't make much profit.
I think now is the time to think which company offers good long term benefits and go for it even though the IPO/FPO might not be getting subscribed. If your conviction is correct then you can make huge amount of money.
Lets see how the coming IPOs fare. Here are few which must be watched
#NMDC
# IL&FS Transportation Networks Limited
# PRADIP OVERSEAS LIMITED
# PERSISTENT SYSTEMS LIMITED
# SHREE GANESH JEWELLERY HOUSE LIMITED
# IL&FS Transportation Networks Limited
# PRADIP OVERSEAS LIMITED
# PERSISTENT SYSTEMS LIMITED
# SHREE GANESH JEWELLERY HOUSE LIMITED
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