Yesterday was an interesting day.
You had Geo Energy listing at 9am and Religare at 2pm.
From a fundamental angle, after i gave Geo Energy
a chopped chilli, there was a kind reader who emailed me to tell me that Geo is actually a 3 Chilli. Obviously, he knew of things that i don't. In fact, he also told me the subscription rate and the opening price one day before the listing. hahaha… Power. I call it the power of placement and i have shared that conversation with you prior to its close.
Some underwriters have the ability to place it to 'strong hands' and 'syndicate group'and you can actually get some hints from the prospectus when you see who the placement agents or underwriters are.
To have such a successful debut, you need to have a smaller size issue and limit the number of shares issued to …