Regarding birla cotsyn ipo...?

Question

hi, i had applied for bcil ipo for one lot at 6300 rs. (18 * 350 shares). but now the date has been extended and the issue price has been revised to 14 rs.

now can u tell me wat wil happen plz?

they will return my money, and i have to apply freshly,

or

they will adjust my applied amount of money to current issue price?

plz tell me wat exactly will happen.

Answer 1

They will give you shares worth rs6300 i.e (6300/14 = 450shares)

So you will receive 450 shares, instead of 350 shares, this revision of IPO is being made may be on the current market trends.

Enjoy 100extra shares you receive, even if they give back the amount, still you be in a safe side. Any ways what ever happens enjot it.

Answer 2

it is better to invest your money in other profit making co.