Power Grid Probable Allotment

November 13, 2010   ·   2 Comments

With Retail Quota Subscribed 3.85 times, A  Person applying for 1105 shares will get about 287 Shares.

Right Now, Grey Market Premium on Friday for Each 1105 shares of Application is between 3600-4000 Rs. which is almost 13-14 Rs Premium to 85.5 Rs. i.e. Stock is Expecting to be around these levels. However, as we have a final Figure on Friday Night only, It will be very interesting to see the Grey Market Premium on Monday where it can get new Premium. I Expect that as the Issue was  oversubscribed in all sectors, we can see a Premium of About 5000 Rs. also which will give it a Premium Equivalent 17-18 Rs. i.e. 103-104 Rs.

Verdict: Don’t Sell your Stock as you get them. Be a Lil Patient. With Initial Supply of Stock after the First Hour, Stock will rise to give more gains.

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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  • ARUN

    THE RETAIL CUT-OFF PORTION IS SUBSCRIBED 3.3 TIMES. IF THE PRICE IS DISCOVERED AT RS.90 WILL ALL THOSE WHO HAVE QUOTED A PRICE BELOW RS. 90 ALSO CONSIDERED FOR ALLOTMENT? IF NOT THEN 3.85 TIMES SUBSCRIPTION IS NOT VALID AND THODSE APPLYING FOR 1105 SHARES WILL GER AROUND 330 SHARES. PLEASE CLARIFY.

  • The Figure of 3.85 is having ASBA Applicants Application as well. 🙂

    Please let me know if you still have doubts…..

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