Where will L&T finance list?

August 10, 2011   ·   2 Comments

After an audacious debut of Inventure limited, lot is expected from the debut of which is about to list on Indian stock exchange. Where L& T finance stock is going to list? Lot has happened in the last week after the closure of IPO.

Grey Market Premium

Company Name Offer Price(Rs.) Premium(Rs.) Kostak(Rs. 1 Lac

Application)

Kostak(Rs. 2 Lac

Application)

Kostak(Rs. 5 Lac

Application)

Vaswani Ind. 49 1.50 to 2  
L & T Finance 52 2 to 2.50  
IIFL Bond 1000 3 to 3.25 Discount Discount Discount
Tree House of Education & Accessories 135 to 153 3 to 4   2400  
Shriram City Union Bond 1000 12 to 13     Rs. 7000

 

To the utter amazement of the entire market, the stock of the broking firm was rigged up non-stop to Rs225 from Rs91, once again making a www.stockssavvy.commockery of regulators, raters, and the entire market system. The stock jumped from Rs91 and rose non-stop all the way to Rs225, up by a huge 92%, even as the Sensex was down by 250 points. The stock closed slightly below the high of the day. Stunningly, on its debut, Inventure was the highest-traded share in the market today. Trading volume was a hige 5.87 crore shares, 60% more than the second-highest traded stock Lanco Infratech Limited.

Grey market indicate the stock should list around 54-55 levels.Grey market premium is just an indicator of the demand vs supply ratio before the stock is listed & Stock market can make a mockery of the premium.  Any upsurge above 60 will be an ideal situation for traders. Issue size of Inventure was much smaller than that of L&T finance & hence, it would be difficult for punters to pile up the stock as Inventure did.

Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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  • Silaupura

    The kind of open kill for which operators assisted by promoters went to bring INVENTURE from Rs. 91 to Rs. 225 was not just the mockery of regulators but also of investors. SEBI should be ashamed of allowing these kinds of manipulations in market else retail investors will remain vulnerable to such operators.

  • Rajesh

    Well said Silaupura. L&T finance is to list their share on 12th August.
    SEBI is going to track BRLM’s performance on the IPO’s which will help in monitoring the over rated issue prices too.
    Having said that, Still Regulations are implemented at snail pace from the SEBI which is reflected in the Primary market IPO’s price manipulation.

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