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IndiaBulls Power - IPO - Poll results

Thanks for your participation. In all, 14 people responded to the poll and here are the results:

Less than Rs. 41 - 42%
Rs. 42 to Rs. 44  - 28%
Rs. 45 to Rs. 47  -   7%
Rs. 48 to Rs. 50  - 14%
Rs.50 & above    -   7%

I saw today that the IPO price is fixed at Rs.45 (The highest band price)!. This shows the confidence of the company that the shares may get listed at a good price. The issue was subscribed nearly 22 times, with the qualified institutional section subscribed 40.5 times, the high networth individual (HNI) portion 5.8 times and the retail tranche 1.1 times.

In my opinion, it may get a small premium of say5% (~ Rs48) on listing and will go below the issue price soon. With the market range-bound and looking not that good, let us see at what price the share get listed.

Cheers,
Gopal

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