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Bharatiya Global Infomedia Ltd IPO (Bharatiya Global Infomedia IPO) Detail
Jul 11, 2011 - Jul 14, 2011
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Incorporated in 1994, Bharatiya Global Infomedia Ltd (BGIL) is a technology based company, is in the business of Information Technology Based Solutions-RFID & Smart Card and Digital Post Production Studio. BGIL focusing on the sectors such as Information Technology security and compliance automation software solutions and technology

related to media & entertainment industry with focus on research & development. BGIL provides visibility across the IT infrastructure, intelligently identifies security threats and compliance breaches, and automates security and compliance processes to reduce risk. They have total of 32 Radio Frequency Identification solutions, out of which they got registration for 8 solutions from Government of India. The IT division of the Company has developed products in house in its R& D centre in Noida using Radio Frequency Identification (RFID) technology. RFID is the key technology of BGIL and used for identification and tracking of the identity, location and conditions of assets, tools, inventory, people using radio waves.

Company Promoters:
The promoters of the company are: 1. Mr. Rakesh Bhhatia 2. Mrs. Arti Bhatia

Objects of the Issue:


The object of the issue are to: 1. Setting up of Corporate office at Noida & Branch Office at Mumbai; a. Purchase of owned Corporate office at Noida & relocation of Branch Office at Mumbai b. Upgradation of Digital Post Production Studio and Investment in IT division 2. Expansion of R&D technology centre; 3. Repayment of bank borrowings; 4. Meeting long term working capital requirements; 5. Meeting general corporate purposes; and 6. Meeting Issue Expenses.

Issue Detail:
Issue Open: Jul 11, 2011 - Jul 14, 2011 Issue Type: 100% Book Built Issue IPO Issue Size: 6,720,000 Equity Shares of Rs. 10 Issue Size: Rs. 50.40 - 55.10 Crore Face Value: Rs. 10 Per Equity Share Issue Price: Rs. 75 - Rs. 82 Per Equity Share Market Lot: 75 Shares Minimum Order Quantity: 75 Shares Listing At: BSE, NSE

Bharatiya Global Infomedia Ltd IPO Grading


CARE has assigned an IPO Grade 2 to Bharatiya Global Infomedia IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Bharatiya Global Infomedia IPO Grading Report

Issue Subscription Detail / Current Bidding Status


Number of Times Issue is Subscribed (BSE + NSE) Retail Qualified Non Individual Institutional Institutional Total Investors Buyers (QIBs) Investors (NIIs) (RIIs) 3,360,000 1,008,000 2,352,000 6,720,000 0.0000 0.0000 0.0000 0.0100 0.0100 0.2900 0.2000 0.5800 1.2000 0.0700 0.2100 0.4700

As on Date & Time Shares Offered / Reserved Day 1 - Jul 11, 2011 17:00 IST Day 2 - Jul 12, 2011 17:00 IST Day 3 - Jul 13, 2011 17:00 IST

Bharatiya Global Infomedia IPO News Alerts

1. Wednesday, July 13, 2011 7:45:17 AM


Bharatiya Global Infomedia IPO subscribed 0.47 times on day 3

2. Friday, July 01, 2011 10:38:28 AM


Upcoming IPO - Bharatiya Global Infomedia Ltd

Bharatiya Global Infomedia IPO Rating

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Bharatiya Global Infomedia IPO Listing Date


Listing Date: BSE Scrip Code: NSE Symbol: Listing In: Sector: ISIN: Issue Price: Face Value:

Rs. 10.00 Per Equity Share

Listing Day Trading Information Bharatiya Global Infomedia IPO Prospectus

Draft Prospectus with SEBI Red Herring Prospectus Download IPO Application Form

Company Contact Information


Registered Office : 623, 6th Floor, Devika Tower, 6, Nehru Place, New Delhi- 110 019 Phone: +91-11- 40765562 Fax: +91-11- 41377519

Email: kumar.pushkar@bgilinfo.com Website: http://www.bgilinfo.com

Bharatiya Global Infomedia IPO Registrar


Karvy Computershare Private Limited Report Karvy House, 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034 Andhra Pradesh, India Phone: +91-40-23312454 Fax: +91-40-23311968 Email: bgil.ipo@karvy.com Website: http://karisma.karvy.com

Bharatiya Global Infomedia IPO Lead Manager(s)


1. Almondz Global Securities Limited Report

Bharatiya Global Infomedia IPO Messages (Bharatiya Global Infomedia IPO Comments)
Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff.

45. Santosh. Jul 14, 2011 10:11:20 AM IST | Like | Report Abuse Santosh.'s - IPO Recommendations, IPO Comments, Public Profile i guess it is reliance power...check it

44. Chandravadan Jul 14, 2011 9:25:05 AM IST | Like | Report Abuse Chandravadan's - IPO Recommendations, IPO Comments, Public Profile Dear seenuipo, I always read comments and I like it, I have checked the past record I could not find in 2008 any company listing at 460 and subscribe 40 times. will you please tell me the name of the company. Chandravadan Jani

43. seenuipo Jul 13, 2011 11:26:13 PM IST | Like | Report Abuse seenuipo's - IPO Recommendations, IPO Comments, Public Profile Dear members In the capital market history of India there I found one person who offered shares at Rs 460/- for the new company power and the book value for this was just Rs 11/- and several persons recommended to apply the same and subscribed around 40times in year 2008. I feel I have not seen this type situation so far.But till date nobody made such open robbery in royal way in the market.

42. seenuipo Jul 13, 2011 11:05:47 PM IST | Like | Report Abuse seenuipo's - IPO Recommendations, IPO Comments, Public Profile Hai santhosh, It is Angel broking who allows to put order in advance also i.e prior to market opens on the listing also.That is why I am able to make trades even at 9:00:01 or even some times 9:00:00 in my contract notes.

The thing is the firm demands 50% of total amount you are going to trade as margin money. Suppose today if you want to short 1 stock of RMS at 110/- then you should have Rs 55/- (or same worth of stocks after haircut calculation) in account. This brokerage house is very very accurate in making calculation.Even before market opens like I am able to put orders prior day from 17:00 hrs to 9:14:59 as offmarket orders for even IPos also. Thats why I like this firm very much.

41. YESH Jul 12, 2011 11:05:02 PM IST | Like (2) | Report Abuse YESH's - IPO Recommendations, IPO Comments, Public Profile he European sovereign debt crisis is spreading In an effort to stop the European sovereign debt crisis from spreading, of the five peripheral European countries (PIIGS) Portugal and Ireland have already received a bailout and Greece in the midst of receiving a second. However, these bailouts might not have been enough for the markets as things have taken a turn for the worst for Spain and Italy. The yield, or interest rate, on Italian and Spanish government bonds shot up Monday. The rate on bonds jumped to 5.7 percent from 5.3 % Yields on Spanish bonds rose to 6 percent from 5.7%. To understand the severity of this problem, if it gets out of control, I put together a list of facts and figures about these two massive economies Italy is the worlds eighth largest economy and Spain is twelfth Italy is the Eurozone's third largest economy and Spain is the fourth Italy's economy is six times larger than Greece's and Spains is 4 times Italy's debt-to-GDP ratio is more than 118% and Spain is 60% Italy's debt is so large that it is about 25% of Europe's total GDP The big fear is that while Europe's euro750 billion-bailout fund can support Portugal, Ireland, and Greece, which makes up only 6 percent of the eurozone economy, Spain and Italy are too big to be bailed out. Without the possibility of a major bailout, these two economic powerhouses could default and the effects would be felt all over the world. We are living in interesting times to say the least. YESH

40. anil m Jul 12, 2011 7:49:50 PM IST | Like | Report Abuse anil m's - IPO Recommendations, IPO Comments, Public Profile hi Sreedhar, i follow your comments regularly, any update on vaswani industries?

39. seenuipo Jul 12, 2011 5:58:25 PM IST | Like | Report Abuse seenuipo's - IPO Recommendations, IPO Comments, Public Profile Dear members what is gray market primium/Discount of the this BGIL. There is tonnes of information floded into website.But nobody has put its fairvalue (Even dust paper is also having some worth).If offer is available (Rs 75-Rs82) may likely Rs 82/- let us speak the valuation right from 0.05Rs (5paisa) to Rs 82/- or above. This only required for market participants to take dicision whether go for long or short on the listing day. Previsous example of one of our friends about Anjaneya life care is as follows: The average price of promoters each share is Rs. 79, the book value is Rs. 86 and the offer price is Rs. 228/240.Rating agency CRISIL has awarded 1/5 rating while FITCH has awarded 2/5 rating to its IPO indicating poor fundamentals.The company has switched its name five times during last five years,The Delhi Stock Exchange had suspended the Asada Lifecare.The company itself lacking transparency thanks to its faulty corporate governance, the company was at receiving end regarding appointment of company secretary.The net cash flow of this company is recorded negative right from its inception.The performance of first ten months of FY 2010 remained excellent The financial performance of this company is totally unrealistic; offer price is very much expensive EV/M.Cap is

very much high, The offer price worth Rs. 100 is not genuine, Investors must refrain from this IPO. This type of valuation is required for BGIl also.Sothat one can plan his statagy (Of course the above lost his hard earned money by putting his opinion on the listing day into realistic.) please,please kindly give your failr value of the company IPO price only instead of scoulding the regulatory authorities.

38. vsingh Jul 12, 2011 3:17:42 PM IST | Like | Report Abuse vsingh's - IPO Recommendations, IPO Comments, Public Profile YESH GOOD SAYING....

37. YESH Jul 12, 2011 3:05:42 PM IST | Like | Report Abuse YESH's - IPO Recommendations, IPO Comments, Public Profile Vaswani me sa nikla oor Bharatiya ma fashaga!! The story will go ON.

36. Rupesh Dalvi Jul 12, 2011 2:24:17 PM IST | Like | Report Abuse Rupesh Dalvi's - IPO Recommendations, IPO Comments, Public Profile Guys Check this out 1.SEBI has issued a press release in the matter of initial public offer of Vaswani Industries Ltd. Following are the highlights of the press release: A. Vaswani Industries Ltd shall give withdrawal option to all the investors who have been allotted shares in the non-institutional investors category and the retail individual investors category. B. Investors who apply in the withdrawal option shall enclose a Delivery Instruction Slip. C. In the event of refund/withdrawal on the exercise of the withdrawal option by an investor, the Company may deduct the expenses incurred in connection with its IPO. D. Rikhav Securities Limited is prohibited to act as a syndicate member/sub-syndicate member for all forthcoming issues.

35. sreedhar mella Jul 12, 2011 11:36:45 AM IST | Like | Report Abuse sreedhar mella's - IPO Recommendations, IPO Comments, Public Profile Dear Sreedhar Sir, Can I subsribe to this IPO?please recommend.

34. prakash kundur Jul 12, 2011 10:21:54 AM IST | Like | Report Abuse prakash kundur's - IPO Recommendations, IPO Comments, Public Profile Bharatiya Global: An IPO you SHOULDN'T subscribe to:PLEASE READ THIS ARTICLE AT MONEYCONTROL http://www.moneycontrol.com/news/ipo-issues-open/bharatiya-global-an-ipo-you-shouldnt-subscribeto_564252.html

EXCELLENT JOURNALISTIC INVESTIGATION. BOYCOTT THIS ISSUE. IF POSSIBLE WRITE TO SEBI,MERCHANT BANKER,COMPANY AND FLOOD THEM WITH PROTESTS. CHOR LOG WILL CREEP OUT OF THE WOODWORK TO TAKE GULLIBLE INVESTORS FOR A RIDE. WE MUST ENSURE THAT THIS ISSUE DOES NOT GET SUBSCRIBED.LET THE PROMOTERS LOSE THEIR MONEY IN EXPENSES OF IPO PROMOTION. PLEASE CIRCULATE THIS BACKGROUND STORY TO EVERYONE YOU KNOW. LET THE PROMOTERS AND MERCHANT BANKERS BE BLACKLISTED. IF IN SPITE OF THIS ANYONE APPLIES THINKING THAT HE CAN GET LISTING GAINS, THERE WON'T BE A BIGGER FOOL THAN HIM. BEWARE:BEWARE:BEWARE:BEWARE:BEWARE

33. Rkg Jul 12, 2011 9:33:31 AM IST | Like | Report Abuse Rkg's - IPO Recommendations, IPO Comments, Public Profile 30 V SINGH-Well done.If,still people apply,it is their funeral.

32. sh Jul 12, 2011 1:21:51 AM IST | Like | Report Abuse sh's - IPO Recommendations, IPO Comments, Public Profile @Ipofinder's It's truly an eye opening report. Every one must read it.

31. vsingh Jul 11, 2011 5:44:25 PM IST | Like | Report Abuse vsingh's - IPO Recommendations, IPO Comments, Public Profile WE ALL SHOULD REQUEST SEBI TO RE LOOK AND THE ALLOW THIS COMPANY TO BRING THE IPO OTHER WISE THINGS MAY GO AS BAD AS VASVANI

30. vsingh Jul 11, 2011 2:25:29 PM IST | Like (1) | Report Abuse vsingh's - IPO Recommendations, IPO Comments, Public Profile Published on Mon, Jul 11, 2011 at 12:29 | Source : Moneycontrol.com By VS Fernando Bharatiya Global Infomedia : Same promoter has already tapped the capital market not once but thrice. But neither Sebi, nor the rating agency, or the investment banker is bothered about the plight of the investing public who had subscribed to those three IPOs. Whats more the promoter now presents himself as if he is going public for the first time. Its high time Sebi wakes up from its slumber and tighten its vigilance mechanism! OFFER AT A GLANCE Name: Bharatiya Global Infomedia Ltd Offer Quantity 67.2 lakh shares of Rs 10 each % on Total Equity 42.42% Offer Amount Between Rs 50.4cr and Rs 55.1cr Offer Price: Rs 75 to Rs 82 Bid Quantity: 75 & Multiples of 75 Bid/Offer Opens: July 11, 2011 Bid/Offer Closes: July 14, 2011 Rated By CARE Rating: 2 out of 5 Lead Managers: Almondz Global Securities

Registrars: Karvy Comutershare The IPO The present IPO is a fresh issue of 67.2 lakh equity shares of Rs 10 each made in the price band of Rs 75 Rs 82 a piece amounting to Rs 50 crore to Rs 55 crore. The public offer amounts to 42.4% of the companys post-IPO equity. Issue objective The main objects of the IPO are: to purchase an office at Noida and re-locating the branch office in Mumbai (aggregate cost Rs 9.9 crore); upgrading digital post-production studio (Rs 22.04 crore); expansion of R&D centre (Rs 6.57 crore); retiring bank loans (Rs 2.7 crore); meeting working capital (Rs 5.05 crore) and the balance amount is earmarked for general corporate purposes. Parentage Bharatiya Global Infomedia Ltd (BGIL) presents husband and wife Rakesh Bhhatia and Arti Bhatia as promoters and the offer document lists BGIL Films and Technologies Ltd as the only listed company of the promoters. Has the regulating authority Sebi or the rating agency CARE or the lead manager Almondz Global verified the facts? The main promoter of BGIL, Rakesh Bhhatia, is not new to investing public. He came to the market for the first time during the height of the primary market boom in the mid nineties. At that time he used to spell his name as `Raakesh. He was part of the Delhi-based "SRG group" whose flagship, SRG Financial & Management Consultants were category-1 registrars and transfer agents. According to knowledgeable sources the name SRG was the acronym of Sunil (Agarwal), Raakesh (Bhhatia) and Gopal (Chandra Sharda) who were instrumental in forming the SRG group. The "SRG group" tasted public money first in June 1994 with a small issue Rs 1.63 crore under the banner SRG Finman India Ltd. This company proposed to diversify into the activities of registrars (group flagships main business!), software development and exports and computer education. In 1995, SRG Finman, after changing its name to SRG Infotec, floated a much larger convertible debenture issue of Rs 39.90 crore on rights basis. The company claimed to have received full subscription. But, the regional stock exchange at Delhi refused to list the debentures on the grounds that the company had not received 90% subscription! Finally, the company was asked to refund the money! Having failed in its second attempt under SRG Infotec, Raakesh Bhhatia and Sunil Agarwal brought SRG Financial Management (group flagship) to public to get into the then buoyant business of NBFC! Whereas SRG Finman had charged a premium of Rs 5 per share in 1994, SRG Financial offered at a premium of Rs 10 per share and collected Rs 5.1 crore. Four years later (towards the end of 1999) when the primary markets witnessed another boom, a little known Bangalore-registered, but Delhi-head-quartered, Visesh Infosystems Ltd (VIL), hit the capital market a public issue of 27.75 lakh shares of Rs 10 each at price of Rs 50 a piece, aggregating to Rs 13.87 crore. The offer document of VIL did not specify who the main promoter was. It merely said that J K Bhatia was the chairman of the company. It read that Raakesh Bhhatia, the chairman and managing director of VIL resigned in August 1999 "for some personal reasons", and his brother J K Bhatia joined as chairman! Though SRG Financial was the largest shareholder of VIL prior to its public issue and Raakesh Bhhatia and his SRG group were not new to the capital markets, VIL's offer document claimed that there were "no other ventures/firms/companies promoted by the promoters"! Like in VIL, an impression is sought to be created in BGIL too that Rakesh Bhhatia has not raised any public money before (as a promoter). But the fact is, the companies that are now claimed as BGIL promoters group held more than 50% of VIL when the latters offer document was filed with ROC. Whats more interesting is, BGILs offer document claims that the original promoters of the company were Karun Jain and his wife Monica, and Rakesh Bhhatia took over BGIL from them. Incidentally, the same Karun Jain was presented as promoter-director along with Rakesh brother, J K Bhatia, in Visesh IPO document! Before coming to VIL Karun Jain was an `executive of SRG Infotec! Capital market regulator Sebi may not remember its own ruling passed many years ago. But, Rakesh Bhhatia and his associates cannot escape from the investing publics memory. Business As in the past, the promoters are once again using their pet `IT name for raising public money. BGIL claims to focus on information technology security and compliance automation software solutions besides digital postproduction studio operations. Its IT division reported a turnover of Rs 68.5 crore in fiscal 2011. The offer document does not provide the break-up of the IT revenue. However, it the value of purchases (Rs 56.4 crore) is any indication, the companys current operations are more of trading than anything else. Interestingly BGILs group company in the listed domain viz. BGIL Films & Technologies Ltd (BFTL) proposed to take over the digital post-production studio operations, digital signage division and film production division of BGIL in 2009 and its share price shot up to over Rs 100 from below par! This Proposal is reportedly pending with the Court. BFTL is currently thriving on trading of hardwares. Prospects First public company of Rakesh Bhhatia, SRG Finman, changed its name to SRG Infotec and then to Pan India Corporation. This companys equity has bulged to over Rs 214 crore but, investing public has not benefited. The shareholders have not received even the annual reports for years. When there is no corresponding increase in

earnings, why one should hike the equity to such high level? Are the promoters converting their black money into white through the equity route? It is a fit case for CBI and DRI to look into. The promoters second public company, SRG Financial Management, which changed its name into Proline Software & Finance Ltd is not heard of on the trading floor. This company too has not sent the annual reports to shareholders many years. Third pubic companys name was changed to Visesh Infoteinics and its equity too increased to over Rs 63 crore without a corresponding increase in earnings. This scrip is currently languishing at less than one-fifth of its IPO price. Visesh has not sent any annual report to shareholders after 2005! Fourth listed company of the promoter, formerly known as Nam Credit & Investment Consultants Ltd, incidentally whose registrar to the issue was SRG Financial, made big claims in fiscal 2008-09 after changing its name into BGIL Films which saw the share price rocketing from below par (Rs 9) to Rs 108! Currently, it is in the dumps at less than Rs 4. This company has not sent the annual report for fiscal 2010 till date. The above four experiences give enough indication what is in store for the investors of BGIL. These four companies changed their names after going public. But, BGIL has already changed its name thrice even before the IPO! Whats more, the company changed its registered office as many as 8 times in 10 years!! In a same month it has changed the office twice!!! Lead Managers dismal record Another interesting aspect of this IPO is SRG groups first issue lead manager is the book running lead manager for BGIL. Earlier the investment banker was known as Allianz Capital which was subsequently changed to Amondz after courting a controversy. Whats the track record of IPOs managed by Almondz? Of the 13 issues lead-managed by Almondz in recent years, as many as 11 have inflicted losses on investors. These eleven companies collected nearly Rs 813 crore from the public whose market value is only Rs 208 crore today. In other words, more than 74% of investment value has gone into the drain. Loss suffered by investors in Almondz lead-managed IPOs since 2005 Sl. (Amount in Cr) Issue IPO IPO Current Current Gain/Loss No. Issuer Date Price Value PRICE Value Amount % 1 Alpa Laboratories 12-Jul-07 68 64.60 9.71 9.22 -55.38 -85.7 3 Anu's Laboratories 12-May-08 21 80.22 3.16 24.14 -56.08 -69.9 4 Bang Overseas 28-Jan-08 207

72.45 35.55 12.44 -60.01 -82.8 5 Broadcast Initiative 9-Feb-07 120 102.60 10.36 8.86 -93.74 -91.4 6 Empee Distilleries 1-Nov-07 400 192.00 101.35 48.65 -143.35 -74.7 7 Evinix Accessories 12-Feb-07 12 42.00 1.00 3.50 -38.50 -91.7 8 FCS Software 22-Aug-05 5 17.50 0.82 5.74 -11.76 -67.2 9 First Winner Indust 9-Jun-08 125 68.75 19.40 10.67 -58.08 -84.5 10 Omkar Speciality 24-Jan-11 98 79.38 69.45 56.25 -23.13 -29.1 12 Texmo Pipes 16-Feb-10 90

45.00 35.65 17.83 -27.18 -60.4 13 Tulsi Extrusions 1-Feb-08 85 48.45 17.05 10.69 -37.76 -77.9 812.95 208.00 -604.95 -74.4 Price and Value adjusted to stock-splits and bonus issues (Source: India Aarthik Research)

29. Ipofinder Jul 11, 2011 1:16:06 PM IST | Like | Report Abuse Ipofinder's - IPO Recommendations, IPO Comments, Public Profile http://www.moneycontrol.com/news/ipo-issues-open/bharatiya-global-an-ipo-you-shouldnt-subscribeto_564252.html read the article before applying for the issue

28. bangalore king Jul 11, 2011 11:14:36 AM IST | Like | Report Abuse bangalore king's - IPO Recommendations, IPO Comments, Public Profile CM 20/100 http://www.capitalmarket.com/cmedit/story28-106.asp?SNo=489576

27. seenuipo Jul 10, 2011 7:40:05 PM IST | Like | Report Abuse seenuipo's - IPO Recommendations, IPO Comments, Public Profile Dear Sreedhar Sir, My intention in writing about the members is not to hurt their policies. In my view 'If a company offers the stocks at cheaper rate (under valued ) and comes to public go for apply. 2).At the same time if any company aggressively priced (if one feels)then need not apply for shares and wait for listing day and make a short sell. 3) If you feel that grabbing opportunity by buying at cheaper level and sell at threshold level is not a sin,then why short selling of overvalued stock and covering the same at reasonable level or at the end of day, will not be a sin. (Apart from doing these works most of the members are scolding the BRLM and resistrar and SEBI and govt and wasting their valuable time.) 4).I know best value IPO stocks are also will be traded below issue price like 1)NHPC, 2). MOIL 3).PSB 4).PFS 5).Future ventures 6).Innoventive and so on at the same time some stock will be over valued for a long time like FCL,Sudhar,Aanjaneya and so on. When there is very very contra picture in the market why one should over confident in expressing their views and behaving with emotions rather than sentiment. Good Luck.

26. Sreedhar Jul 10, 2011 2:30:04 PM IST | Like (4) | Report Abuse Sreedhar's - IPO Recommendations, IPO Comments, Public Profile Dear seenu ipo, There will be no strategy for these IPOs.Even operators who operate these IPOs do with uncertainity & even then they do not whether they will succeed or not,leave alone small pawns like us.There is a 50-50 percent chances of making money either in short or long position for these IPOs.Try your luck.Hope you had applied for all these IPOs & made good money. There is no need to comment on these IPOs.Just apply & forget.Tighten your seat belts.Thats all. Sometimes people will get shocks like Vaswani but they can shake it off if they get profit like Birla. Getting 70 percent gains is not a rare occassion.Last 6 IPOs (grade 1 or 2) have given great returns.Even VMS gave great returns of more than 40 K per application.If you had held VMS & Birla till the end at the market close you would have got a big zero return. So Just apply & get out at some profit.If you hold you will get nothing. Apply for these IPOs & be sure to check out at some profit. Also retail applicants remember not to cry like a small child when you get shockers like Vaswani. Its all in the game. Read More Messages >>

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