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| Discuss Allahabad bank IPO at the Initial Public Offers (IPO's) within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, How about the allahabad bank ipo. is it really worth investing there. i had ... |
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#1
4th April 2005, 08:23 PM
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Allahabad bank IPO
Hi,
How about the allahabad bank ipo. is it really worth investing there. i had experts advicing that putting money there is really a better option. So i really looking on for expert advice on this. 
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#2
5th April 2005, 12:16 PM
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Re: Allahabad bank IPO
Well based on fundamentals it is a good long term buy provided the price bad does not exceed RS 90. Allotment thru IPO may be slim because it is a small issue. My best bet buy from the secondary market. Once the allotment is thru the price of the share will drop and can be picked up at a comfortable level.
Enjoy the ride Ronald
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#6
10th April 2005, 03:04 PM
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Re: Allahabad bank IPO
there are very high chances of this occuring. But given the future prospects in these banks, I expect the scrips to show substantial rise over a time frame of 1-2 years. I think profit booking will certainly make this share dip in the first week of trading especially on the first day, but after then it will rise slowly but surely.
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