Did you double your money?
IPO’s are back with this bull market. Did you invest in IPO’s off lately? Specially Dmart operator Avenue Supermart?
The IPO wanted to raise 1800 crore rupees and was oversubscribed by 105 times. The gray market premium was about Rs 250/- but the stock surprised people by opening 100% above the issue price.
The stock is currently trading at Rs 616/- (COB Friday – 24/03/2017)
Only a few retail investors got the stock that to 50 shares. How many shares were allotted to you?
Here is an interesting read which I just came across – D-Mart priciest retail stock globally. (MoneyControl)
The IPO rush has just started now, there are Rs 20,000 crore worth of issues in the pipeline. (ET)