PRIVATE PLACEMENTS AND THE BANK GUARANTEES WHICH WERE PUSHING DOWN THE IPOs.
FURTHER, WHEN THERE IS AN IPO COMMENCES TRADING, IT BECOMES A VERY BIG TASK TO TACKLE MORE PEOPLE WITH IN HALF AN HOUR. BECAUSE, NOW THERE ARE MORE NEW COMMERS TO THE MARKET, PLACING THEIR ORDERS DURING THE PRE OPENING.
FOR eg, UNION BANK ALLOTED SHARES TO MORE THAN 55000 INVESTORS. IF AT LEAST 20% OF THEM WANTED TO PLACE THEIR ORDERS, THERE WOULD HAVE BEEN MORE THAN 11000 PEOPLE AT BROKERING FIRMS.
COULD THE BROKERS HANDLE THEM WITH IN A SHORT PERIOD? THEY ALSO MIGHT HAVE GOT STRUCK LIKE THE CSE SERVER DOES, ON SOME IPOs.
SO PLEASE CONSIDER AN HOUR PRE OPENING FROM 8.30 TO 9.30 TO
ENABLE MORE INVESTORS TO MAKE THE BROKERS SOMEWHAT RELAXED WHILE PLACING ORDERS AT LEAST DURING THE PRE OPENING.
-ANSAR
OPINIONS PLEASE….