X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Are You Really an Investor? - Views on News from Equitymaster
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  
The Equitymaster Research Digest

Are You Really an Investor?
Jun 30, 2017

  • Someone made Rs 3 million in the DMart IPO...without investing in it.
  • But there's a better approach.
  • Smart Money Secrets special invitation ends tonight!
  • I'm making improvements to the Research Digest.

Did you read yesterday's premium edition of The 5 Minute WrapUp? If not, then read it here. I highly recommend it.

Ankit tells you how a man made Rs 3 million in the IPO of Avenue Supermarts (the company that owns DMart).

The IPO was oversubscribed 104.59 times. The stock had a stellar listing. It debuted at Rs 610 and closed the day at Rs 604.4 on the BSE - up 102% over the issue price of Rs 299. The intraday high was Rs 615.

Let's dwell on this for a moment. How did this man make Rs 3 million?

The lot size of the IPO was fifty shares. Thus, subscribing to one lot meant an investment of Rs 14,950 (i.e. Rs 299*50 shares).

As per the regulations, retail investors can invest a maximum of Rs 2,00,000 in any IPO.

To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS