Details:

Opens : Monday - 27th.
Closes : Wed - 29th.
Shares : 1.2 crore equity shares.
Money raised : Rs 36 crore.
Price : Rs 30 fixed.

What are the expert opinions for this IPO?

Is there a way to know how much oversubscribed this issue is so far? Current grey market premium is around Rs. 6-8, wonder if anyone is planing to go for this IPO.

You can check it on NSE site under current IPOs (NSE-BSE DEMAND GRAPH) update.

Happy Investing!

Interestingly it shows nothing. I surprised at first glance.

But I guess "No bids received on the first day" that's why it shows nothing.

Even today at 4:15 also no information for bid demand on NSE/BSE , I can't understand not a single investor have shown interest in IPO , In IPO history these may be first time happened.

I guess in fixed price issues, bids can be seen only after the time is complete i.e. after the issue.

In this case it is difficult to take any decision based on demand from QIB, HNI & retail investors.

So, no one going for this IPO? I'm thinking of going for few lots for listing gains, haven't made up my mind firmly though.

It is one of those extremely over-priced issues.

If you like to gamble, you can apply for some shares and hope that some operators will corner the stock and take it much higher than the IPO price.

It is just a tiny IPO (Rs 36 crore only) and so anything can happen with it.

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As per NSE - Data, not a single bid received for this issue, This must be record in history of any IPO?

It seems for fixed price issues they don't share subscription till allotment is done. Per unconfirmed news from other message boards, it's said this was around 20-times oversubscribed.

Shekhawati Poly-Yarn has listed today.

NSE symbol: SPYL.

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The IPO size was 1.2 crore shares.

In the first hour (9:15 to 10:15), total volumes are

NSE: 2.5 crore shares.
BSE: 2.4 crore shares.

The total volume is already 4 times the IPO size.

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What a listing? No body applied as well recommended to apply. However fantastic listing than that of any other recent IPO's. Anybody gain from this IPO?

It's absolutely promoters driven stock.

I doubt anyone of us enjoyed the rally today.

However, it drifted down in last minute and will be continue in down trend in few days.

If anyone is still holding, it's good to get rid of it quickly..

Happy Investing!

SEBI is going to investigate:

Shekhawati Poly-Yarn stock under scanner after huge volatility.