Murhat Trading & IPO Updates

Purchased Yes Bank, LIC Housing Finance & Shriram Transport Finance during the Murhat Trading, this Diwali. It turned out bit exciting with an hour to trade and we were trying to get best price to sell our Coal India IPO stocks as well as buy these new stocks. It seemed to me that there was unusual rush by many investors and Sharekhan, ICICI Direct & Motilal Oswal sites were very slow.

Its just little few shares of LIC Housing & Shriram Transport right now. I have been watching both of this stock for sometime. In case of Shriram, about 7 years ago, I purchased a good quantity @ Rs. 20 but sold sometime later @ Rs. 30 :(

With Coal India's effect, Powergrid evoked even better response from Retail Category. Now, with 3.85 Times over subscription in Retail Category, each full application is likely to get 287 Shares. So it does not seem that profits can match the Coal India experience :(

I did not invest finally in Gravita India. This is one of the rare instance I recollect that Retail interest was much higher than FIIs :)




Regards, Rohit