104. ipo share| Link| Bookmark|
September 23, 2018 10:25:42 AM
IPO Guru (1600+ Posts, 800+ Likes)
Always remember Warren Buffet's quote that a quality share is good when you buy it at right price.
103. PSR| Link| Bookmark|
September 23, 2018 9:07:57 AM
IPO Guru (1300+ Posts, 700+ Likes)
The attractive feature of the company:
"The management of the company has conservatively built their existing portfolio with Zero exposure to developer finance, under construction properties and plots, to keep the book granular."
Looking at huge negative sentiments prevailing towards NBFC, HFC's, its a bit avoid. On top its price band is very aggressive. So, not an investment bet from any angle.
https://www.moneycontrol.com/news/business/ipo/subscribe-to-aavas-financiers-cholamandalam-securities-2972751.html Beware of such brokers who advise to subscribe.
Now Fake Mentor & Gurus are active to create fake hype for this IPO after NBFC crashed. Please stay away from this IPO.
I got 1000% sure news from my broker that IL&FS and it's two subsidiary going to default it short term loan that they taken from NBFC. I have all names of NBFC and real estate companies who holds the Bonds of IL&FS. and it is going to be worst for those companies.
I don't want to share whole news just giving you an hint that my Broker Name start with P and many of have it account with that.
Ar Shams please don't apply IPO. Why you want to put your 14-15K at risk even if you can buy better stocks in open market not this over valued and fundamental less compnies.
My advice is to stay away from market till Diwali. Just see diwali muhurat tradign session and then clear view of market is visible.
Wait for the Large Cap like NSE and Reliance General IPO
Dont invest in this IPO. The Company is bringing its IPO at a ridiculous valuation of 69.5 times EPS of FY 2018. I think we have already started to see what happened during early 2008 in US. Though that does not mean something of that magnitude might happen india, but you never know.With IL&FS debt woes around , we have another issue of yes bank. On Macro front , US Fed is going to raise rates in late september FOMC meeting, Oil Prices rising,Depreciating rupee, Spread between 10 yrs bond and 2 yrs treasury slowly moving towards zero. India VIX for the first time has gone up to levels not since last four years. The money market rates have also started to inch up. Right now the focus should be on how to mitigate the IL&FS debt woes. So just imagine if monstrous creature is allowed to die, it would spark a major sell off in the markets. i guess the time IL&FS has is only around 1-1.5 months to resolve debt issues otherwise it is seeming to me that we would facing crises and the epicentre this time would be india. So please dont apply for this Aavas issue. Trust me you will get the same stock at 500-600 levels in next 6-9 months.
88. juju| Link| Bookmark|
September 22, 2018 2:05:54 PM
Top Contributor (300+ Posts, 300+ Likes)
Just did some maths with Aavas RHP numbers, issue is aggressively priced solely on basis of earnings growth. I would have subscribed it on first day if this issue would have come at 450-650 range