Supreme (India) Impex Ltd IPO yesterday 18/4/ 15 close this attractive NSE SME IPO NAV OF 108 RS. PROFIT OF 350 CR + AND OPERATION PROFITS OF 7 CR I THINK IT WIL HAVE BUMPER LISTING AND FAIR VLUE COMES AT RS 140 + ITS P/E IS 5 .Deserve atleast 10+ even then its cheap stock
Surprised to see it getting closed being fully subscribed. Let''s wait and watch for listing details. Meanwhile Ortel listing on 19th and see how it does?
Crooked lead managers managed to get the issue subscribed, but lets see what the stock trades at even a month after listing. I believe this stock will list around 180 and settle much lower in a month, around 140-150 levels, then depending on the business generated it will either move up or down.
Total Issue Size 1,76,04,092 Total Bids Received 1,88,03,460 Total Bids Received at Cut-off Price 21,93,945 No. of times issue is subscribed 1.07 Graph Logic
Now this issue is clearly avoidable. some QIB and retail withdrawn... I wish many more withdraw tommorrow. However, bankers may try to bid thorugh proxies to sail this issue to their face... AVOID...!!!
But, they will not allocate shares at 180 Rs, if they fix the final price at 215 Rs. What is the point in applying at 180Rs and getting your money stuck?
I don''t understand the login in fixing the revised price band with 45 Rs gap from 180 to 215 Rs. They should have fixed in 181 to 190 range. But their real intention is to fix IPO price at 215 Rs after issue sails through. Real Greedy merchant bankers!!!!
I withdrawn my application from ICICIDIRECT today. I wasn''t aware, how to do it, but after calling customer care, i came to know that if you go to ipo->order book and clicking on "Transaction number", you will see the "Withdraw Application" button. The amount did not get released immediately, they told it will get released once the issue closes. Why take tension unnecessarily when it is not worth it.
Apna gala khud dabana aur Adlabs IPO subscribe karna! Same Same!
With the price reduced, people are more likely to withdraw bids then subscribe. Today the increment in subscription is just 3%. However there are either too many fools in retail category or too intelligent ones. It''s the only category with over subscription.
After NCML this becomes another pricey issue as if Merchant Bankers or Promoters selling Vegetable. Reducing price else the vegetables will get rotten.