I have got an allotment of 208 shares. Shall I sell it for listing gains or hold for few days of time.
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@hydtrader Congratulations for your IPO allotment.
Coming to your Question It’s all upto you.
If you Applied for GIC IPO only for Listing gains then sell it on the Listing day or after 1-2 days For Profit of 8-10% Which is a very good profit % for a very short period of Time.
After Listing of Few days sure shot there will be a correction in Stock price. Becasue Valuations are very High in Bull Market.
If you Applied for Long term Investment (2-3 Years)
Then hold it Your returns will be good for sure.
Please Let’s us know when it will get listed on exechnge at What price and also update us you hold it on listing day or sold it.
Thank you.
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