Ideas on investment, equity market, products and taxation

Wednesday, July 11, 2007

Everonn IPO - Grey market premium more than 100%

Everonn systems IPO is a very good one and rated 5 stars by CNBC TV18. But till now it has been over-subscribed by 19 times. But in Non-institutional category it is not oversubscribed that much (unlike retail category). So who wants to get a better luck in the allotment, and wanted to subscribe near 1 Lakh, it's better to subscribe for little more than a lakh and in Non-instituitional category. I subscribed for 1400 @ Rs. 140 bid.

See Everonn profile at http://www.moneycontrol.com/stocks/pickoftheweek/equityreportfinal.php?eqid=ESI04

Good Luck and happy investing!!

2 comments:

someone-somewhere said...

kire amader moton choto investor der jonno kichu bol...lakh er opor chara invest koris nah dekhchi tui...Arindam

Sudip Kar said...

Actually this turned out to be a boumerang. jara kam invest koreche tader pakhye bhalo. On the last day of subscription the dynamics got changed - retail quota got oversubscribed 127 times and non-institutional quota by 271 times. May be too many people read my blog..:) and that made my investment a BAD one.