This is a portfolio stock and first stock of its type in the segment. The potential of this stock is limitless in long term and issue size is very small. If you get allotment, sell some on listing gains and hold rest for long term.
I fail to understand how are people trading in grey market when the Company has still not b announced the price band. It defies logic. Normally only after the price band is announced by the company then only we know what is the grey market premium. Anybody has an answer to this query??
41.2. Eagleye| Link| Bookmark|
July 7, 2016 9:11:48 PM
IPO Guru (6600+ Posts, 21900+ Likes)
@Eaglrye Assuming same level of interest as Quess for HNI i.e. 24000 crs, Advanced Enzyme at 7% funding will cost 485/-. So one can guess the potential GMP
Based on current year eps 35 multiply by 25 means 875 max fair value
38.1. Eagleye| Link| Bookmark|
July 8, 2016 7:34:17 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Sir please explain ... While you say the fair value is 850 - 875 ... Then why is the market giving it a Rs 400 premium over an issue price of Rs 900 ... Thereby expecting a listing of Rs 1300 ???