i have to invest 1 lakh rs in shares. which is going to be best investment.
2006-11-22 02:49:04 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
Parsavnath developers are a jinxed lot. Lot of their properties are not sold , but because their size of land bank is huge , you can buy for short term gains.
If you wish to enter stock market , enter with mutual fund.
20% in Franklin IT fund , 20% in Reliance Pharma , 20% in Sundaram , 20% magnum global , 20% in any balanced fund.
2006-11-22 04:09:59 · answer #1 · answered by Ashish K 2 · 0⤊ 1⤋
Investors continued to subscribe to the public offers of real estate major Parsvnath Developers and infrastructure development firm Lanco Infratech, on the second day on Tuesday, reports The Economic Times.
The Parsvnath IPO was oversubscribed nearly four times, receiving bids of over 12 crore shares for a total of 3.32 crore shares on offer.
The offer is getting good response from qualified institutional buyers specially from foreign institutional investors. This is the first time when FIIs have got an opportunity to participate in the IPO of a pure-play Indian real estate company, the merchant bankers said.
Lanco, also gained momentum on the second day and received bids for nearly two times of the total issue size of 4.44 crore shares.
Both the issues, scheduled to close on November 10, witnessed impressive response from institutional investors, while bidding from retail investors was lukewarm.
The two IPOs could get further momentum in the coming days when retail investors would start bidding after seeing the robust response from institutional investors, analysts said.
Parsvnath Developers has hit the capital market with a public issue of 3,30,38,000 equity shares with a price band of Rs 250-300 per share.
The company plans to deploy the IPO proceeds for its various ongoing projects across India.
Lanco, an infrastructure development company with interests in power generation, construction and property development, has fixed the price band at Rs 200-240 per share and five lakh shares have been reserved for employees.
2006-11-23 04:45:11 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Follow the trend for a while and read thru co credentials. You' ll get an answer. In any case, do not bank upon the share if you are not ready to loose out...
2006-11-22 10:57:34 · answer #3 · answered by KeenKumar 2 · 0⤊ 1⤋
its expected to open at 60% premium, if you have already invested through ipo and if u get any shares then its fine. I will suggest you to put money in Shobha developers IPO it is expected to open above 1000 rupees.
2006-11-22 13:51:42 · answer #4 · answered by slimshady3in 4 · 0⤊ 1⤋
dont do blindly
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chart of it not found may be IPO
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2006-11-22 11:59:49 · answer #5 · answered by dinu_pawar 5 · 0⤊ 1⤋
yeah! very good future.
2006-11-22 10:57:27 · answer #6 · answered by Mysterious 3 · 0⤊ 1⤋
i don't know.
2006-11-22 11:23:45 · answer #7 · answered by Sonam Singh 2 · 0⤊ 1⤋