Please Share::
GREY MARKET PREMIUM: Rs 27 (Ahmedabad)
Snowman Logistic - IPO strategy
Price Range Rs 44 to Rs 47
Grey market price : Rs 74
Rs 25-26 grey market premium (Ahmadabad)
Retail allocation: 10%
Expected retail oversubscription- over 23x
Apply for minimum lot 300 shares for Rs 14,100. (This will maximize chance of getting allotment as per new SEBI IPO rules)
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
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SNOWMAN LOGISTICS LIMITED
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ISSUE OPENS ON on 26/8/2014 & CLOSES ON 28/8/2014
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PRICE BAND : Rs. 44/- to Rs. 47/-
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BID LOT : 300 SHARES
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NO OF SHARES
|
AMOUNT @ Rs. 47/-
|
300
|
14,100
|
600
|
28,200
|
900
|
42,300
|
1200
|
56,400
|
1500
|
70,500
|
1800
|
84,600
|
2100
|
98,700
|
2400
|
112,800
|
2700
|
126,900
|
3000
|
141,000
|
3300
|
155,100
|
3600
|
169,200
|
3900
|
183,300
|
4200
|
197,400
|
GREY MARKET PREMIUM: Rs 27 (Ahmedabad)
Snowman Logistic - IPO strategy
Price Range Rs 44 to Rs 47
Grey market price : Rs 74
Rs 25-26 grey market premium (Ahmadabad)
Retail allocation: 10%
Expected retail oversubscription- over 23x
Apply for minimum lot 300 shares for Rs 14,100. (This will maximize chance of getting allotment as per new SEBI IPO rules)
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
��
Hi,
ReplyDeleteWhy do say apply for minimum lot size (300 shares) and then chances for allotment are higher?
I am planning to apply for 4200 shares. IS there a disadvantage in this approach?
Hi,
ReplyDeleteWhy do you say chance for allotment if applied for minimum lot if higher? Dont you think the list will be like 10:1. So more the shares you apply, the more allotment. Please advise.