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Thursday, December 13, 2012

Bharti Infratel IPO

The IPO fever is back again. After successful subscription of CARE IPO which has been subscribed nearly 44 times, its time for Bharti Infratel IPO biggest in 2 years after Coal India IPO of 15000 crore.

Bharti Infra IPO is of around 4500 crore rupees, many brokerages firms have advised their clients to avoid the IPO since its valuation are expensive. However many of them like IIFL have told to subscribe at the lower band of Rs.210. Retail investors will get a discount of Rs.10 that means if allotted at Rs. 210, retail investors will get at Rs. 200 per share. At this price I am sure that one can make profit of atleast Rs. 50 per share when the share will listed on the first day.

Please note that the lot size is 50 shares and multiple of 50 thereafter. Than means if you place your bid at the lower band of Rs. 210 you have to pay Rs. 10000.

That is Rs.210 - Rs. 10 discount = Rs. 200 per share x 50 shares = Rs. 10000

One lot will cost you Rs. 10000. So tomorrow is the last day since it is closing on 14th December, 2012. So buy it, it will not upset you for sure.