The LG Electronics Shares have listed today and has given 50% returns. The Grey Market Premium was around 38% but since the shares was on demand from Institution, it was listed with 50%. After the listing, it has comes down a bit but still it is at 48% returns itself.
PC: Zerodha.com
LG Electronics is actually a big name in the electronics domain. A lot of electronics are being sold in India which is of LG. Now the Price of Earning Ratio of LG Share is still less than it's peers and that's why it is listed with so much gain. I also got the share, and I have not sold it yet.
I know I should have sold it around 1720 level and pocketed thar 53% returns. But I am waiting it to reach 1.8K. It's not hard because today the market was little down and that's why there was selling in the market. But once the market recovers, I think it can go up and easily reach the 2K level.
I have stuck with so many IPOs which I thought it will go up but didn't, but still I ma still in profit with this one. And once it reaches 1800 from here, it is easily 6% profit which is again a good profit on top of the listed price. The thing is we have 3 more sessions this week and then we have Diwali muhurat session. So it seems like if the market goes up in these sessions, this share will easily cross the 1800 mark.
Now the question is whether I will see all the shares or not. I am think8ng of keeping 5 shares and selling the 8 once it reaches 1800. So that means I will get the principal amount and the remaining shares will be free shares. That's what I am thinking of doing with the LG, but I have not decided it yet.
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I applied for this, but no allocation. Man, what an opportunity it was. 33.4x subscription it was a tough luck anyway
That's true, tough luck. I have applied 3 retail application and got 1 out of those
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