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Shares of Asia’s oldest bourse, BSE saw stellar debut on Friday, 3 February 2017. The stock settled at Rs 1,070.55 on the NSE, a premium of 32.82% compared with initial public offer price of Rs 806.
Shares of BSE made its debut at Rs 1,085 on NSE. The stock had hit a high of Rs 1,200 and a low of Rs 1,065.10 in intraday trade. The initial public offer (IPO) of BSE had received strong response from investors. The IPO was oversubscribed 51.22 times.
The stock has already delivered multibagger returns as it was alerted to investors near Rs 300 levels (face value Rs 2) when it was unlisted about two years back. For investors who want to get such stock messages, please click https://buysellunlistedshares.com/join-subscribe-unlisted-shares-updates/
The recent market buoyancy has triggered an IPO boom. Companies with good fundamentals are seeing huge oversubscription leaving investors with nil or low allotment. This is very annoying as there is a loss of opportunity to make profit in form of listing gains.
Also investors would be disappointed by nil or low allotment as IPOs are an entry point for many new investors who begin their stock market journey.
To address this situation, investing in stocks at a pre-IPO stage makes sense. The biggest benefit is getting the assured desired quantity. Also there is price benefit. This wealth creating tool was earlier available only to institutions, private equity investors and high networth investors.
But now, retail investors can also take benefit of such multibagger returns from investing in unlisted shares. Many fundamentally good companies will be floating their IPOs soon. For more details and buying pre-IPO shares of all companies about to bring out IPO soon, please call on 8108303330