Re: reliance ipo
today news is that every retail investor will get something who have applied.the lot is 15 nos - so it could be between 30 to 60 shares per application. on listing day i believe atleast 20% of retail allotment will be traded to get listing gains and by the opening day - close the price could be only 550 - 650 levels. if the sensex in february first fortnight is below 18500 the price will be settled at 500 levels and if the same is above 22000 then the price will stabilise at 800 levels.
More HNI people are watching the current scenario and they will definetly enter this stock if it is below 600 levels as for long term this is the only winning scrip for them.
today news is that every retail investor will get something who have applied.the lot is 15 nos - so it could be between 30 to 60 shares per application. on listing day i believe atleast 20% of retail allotment will be traded to get listing gains and by the opening day - close the price could be only 550 - 650 levels. if the sensex in february first fortnight is below 18500 the price will be settled at 500 levels and if the same is above 22000 then the price will stabilise at 800 levels.
More HNI people are watching the current scenario and they will definetly enter this stock if it is below 600 levels as for long term this is the only winning scrip for them.