Allahabad bank IPO

#1
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.
 
#2
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
 

mg23

New Member
#3
Hi Experts,

Allahabad bank has fixed price band for IPO to be Rs.75-82. What are your views about the ipo. In secondary market it has already reached to level of Rs.92.50

-mg
 
#4
Market rates will keep dwindling due to the volatile nature. But i think it is worth investing even if it is fixed at 82.
 
#5
What are the chances of the Allahabad Bank prices dropping after the IPO? Especially since this already happened in PNB.

Thanks
 
#6
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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