IPO Season

Many IPOs on-going & of them seems good. I am considering Eros International, Career Point, Microsec Fin & VA Tech. It seems that Companies who have approvals in place, need to ensure that IPO is launched before Sep 30 or else they will need to get the Q3 Results included - so there is this hurry of 9-10 Companies queue up.

Going by the Grey Market Premium, Eros, Career & Microsec seemed like can get about 8% Gross Profit. Does not sound great but this return is for an investment of 15 days or so. Risk of loosing principle is also not very high.

We plan to apply from all the investment accounts we have in the family. Though obviously we can't apply for all the IPO from all the Account so I now need to look at DRHP and get a deeper insights before prioritizing investments.

Regards, Rohit