Garden Reach Shipbuilders & Engineers IPO

Alchemist

Administrator
Staff member
#1
Garden Reach Shipbuilders & Engineers IPO

The IPO closes today - 26th September 2018.

There is no interest for this one in the grey market.

There are no visible growth triggers for this company and considering that, the valuations look stretched.

Only retail investors have applied in the first two days and without government's (indirect) support the IPO is unlikely to go through.

I am not applying.
 

Alchemist

Administrator
Staff member
#3
From NSE's website:

Attn Members : BRLM to the Garden Reach Shipbuilders & Engineers Limited issue, has informed the Exchange that the issue closure date has been extended upto 01 October,2018.Post issue modification date has been revised to 03 October,2018.Price band has been revised from 115/- to Rs. 118/- To Rs. 114/- to Rs. 118/- per share
Lower price limit reduced from 115 to 114.

Now everyone will rush to apply for the IPO.... ??
 
#5
From NSE's website:

Lower price limit reduced from 115 to 114.

Now everyone will rush to apply for the IPO.... ??
:banghead::banghead::banghead::banghead:

Heard at least couple of people having very negative views about the company.

Why is the Govt hell-bent on making a fool of the people? So many PSU issues that have faltered especially those insurance firms.
 
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