27 August 2014

Latest on Snowman IPO Grey market premium; Already oversubscibe 1x on all exchanges!

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GREY MARKET PREMIUM: Rs 28-29 (Ahmedabad)

Snowman Logistic - IPO strategy
Price Range Rs 44 to Rs 47
Grey market price : Rs  75-76
Rs 28-29 grey market premium (Ahmadabad)

Retail allocation: 10%
Expected retail oversubscription-  over 25x

Apply for minimum lot 300 shares for Rs 14,100. (This will maximize chance of getting allotment as per new SEBI IPO rules)



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