The shares of Just Dial Ltd managed to list at Rs. 590 on NSE and eventually saw a high of Rs. 631.9.By the time of this post shares were trading at Rs. 622.25.
This stock was issued at Rs. 530 (Rs. 483 for retail share holders after the discount). So, if a retail investor who books profit at Rs. 620 makes a profit of 28.36 % while the annualized return is whopping 2070.6 % (for those who availed the ASBA option.)
Returns are just awesome when we compare the same with what bank FDs are presently offering.
This issue was overall subscribed 11.63 times while in retail category the subscription was 3.53 times.
Risk averse retail investors better be booking profits as shares are overpriced and underlying risks being spooky.
Having booked the profit, value investors should remain firm even if stock soars from current levels, as capital protection is their primary goal and appreciation comes second.
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