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No premium should be allowed.
by chanakya maurya on May 21, 2009 03:38 PM | Hide replies
In the event of an over-subscription, the promoters should have the option to retain the whole of the over-subscription.
Allowing premium is allowing fraud on the investors.
And this mass fraud is being perpetrated with the apparent connivance of SEBI.
SEBI guidelines have often proved mis-guidelines.
Investors should be careful of hypes and hooplas.
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