I was working in a company, name let it xyz, before few years.
They planned to release IPO and canvased the staffs and workers for IPO subscribtion.
Every body knows how good the management was :lol: not even a single person subscribed for the IPO. Just before 4days before listing, I wonder whether the management forgot the IPO release or they forgot to canvas the workers ,staffs to subscribe.
That was friday morning 9am, three staffs from a bank and a camera man. BY 6pm 1200 new accounts were opened.
Next day saturday 9am,5 staffs came from a broker house and a cameramen thats all, 1200 demat accounts opened before 6pm.
Again I wonder what they are going to do with empty DP without money:lol:
Next day sunday at 1pm, I got an sms which says 2lakh have been credited.
By 4pm I got an another sms, 2lakh debited to DP account . These all happened in sunday
.
Next day monday, IPO got listed O=25rs, H=50rs, L=15rs, C=16rs, V=12million. Dont google with given datas , I slightly modified for my safety :rofl:
Today I checked, price lesser than 1rs , volume is 3000 :rofl::rofl:
As a trader, for my whole life time, I will consider this as a very good experience/lesson than any thing else.