Power grid IPO Allotment : Power Grid Corporation of India IPO allotment Status

PowerGrid Corporation of india IPO allotment status will be the most searched word for the week and coming weeks , but think retailers need to be happy as the Allotment will be good for them atleast 1:5 and like any other government IPO they might give firm allotment to all the retailers but have a little bit less stock alloted.

Power Grid Corporation IPO Allotment would be good news for Retailers after a long time

Power Grid Corporation IPO finally closed yesterday after fully subscribing by 65 times.
But the good news is that the retailer side is subscribed just by 5 times , which means almost everyone will get some or other lot of Power grid stocks.
More interesting part is QIB is subscribed by whooping 111 times.
For the HNI category, it has subscribed nearly 40 times

US Market closed green but asian market are Nose Diving

After a Dull start investors returned from the Labor Day weekend did some analysis on the sustainability of recent market gains, it didn't take long for the major averages to regain momentum and extend Friday's relief rally.As we all know that September month is flat month for Stock Markets, with some bad economic data its for sure FED will reduce Interest rates.