Got 119 Shares alloted in Engineers India Ltd. and swiftly got out, in line with my stand to always book Public Issue Profits. In this case, it worked out to about 16.5% before tax & interest cost.
SKS Microfinance is listing tomorrow & we had applied from all our accounts. So we have 36 * 4 i.e. 144 Shares. The gray market premium indicates about Rs. 90 + Rs. 50 was the retail discount. I plan to get out immediately as usual though it will take 2-3 days for logistics reasons. As a matter of principle, I do not trade during office hours, so I get to enter my trades only late in the night or early morning.
Yes, we applied from 3 Accounts for Bajaj Corp. as well. About 23 shares have been allotted against each application.
Regards, Rohit
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