DLF's new IPO at 500- 550,should buy or not?
Answers:
A Definite buy.
30% Listing gains sure.
Its would be better to wait and buy from the market later because of late we are seeing that the shares of the real estate are trading at a much lower price than the issue price.For example Parswnath shares were also issued at almost the DLF rate but it is now trading around Rs 320.00
Its really nice to start investing in shares of DLF. But the risk factor should be kept in consideration because no issue gives you complete assurance of future. But practically, DLF issue shall be the most popular issues of the market this financial year.
Its a good one to invest in but only if you plan to make the profit by selling at high listing price.Otherwise might be better to buy later from market.For long term investing pick up some good stock instead of this IPO.Remember to buy when markets are down or a particular share is down.Buy in small lots.That way if market crashes/dips you can average down your purchase price by buying more of the same stock.
I am planning to apply 180 shares. I will pay @ 150/-.
Buy from the market later after it gets listed. You will come to know about the company later and will be in a better position to decide buying or not.
Offlate this is the best practice especially with Reality shares.
By all means DLF is a good buy.
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