Wonderful All the people giving wrong comments have gone with wind. See price now. Action just started. Angel broking is an excellent company with good management and future multibagger. Some companies like page industries, eicher motor and many other went down on listing day and then we all know the results now
It is fallacious and erroneous to determine the success of an IPO from GMP and subscription.
GMP and subscription are just few indicators of demand of shares in an IPO and demand may not necessarily indicate the quality of IPO.
With easy liquidity and advent of online platform, people believe that success of an IPO is just listing gain. If the same people lose money in few IPOs they will quit IPOs for months if not years.
There are so many factors which determine listing price, it really needs all the factors to be positive for an IPO to give positive listing. Some of this factors are fundamentals, some statistical, some environmental and some coincidental Rigging of these factors by vested interests also takes place in our country where regulators are always found to be sleeping.
Remember an excellent IPO stock at a reasonable valuation was not successful as timing was made unfavorable due to out of the blue and ill-fated lockdown announcement. e.g. SBI Cards
Friends, there is no free lunch anywhere and more so in IPO. There is no sure shot way to earn from IPOs irrespective what so called gurus may say. Till we find such a sure shot method to success....let us all enjoy the ride till it lasts.
In my opinion listing of Angel Broking is decent. When there are so many good stocks available in the market, in my view people should exit Angel and utilize their money in other stocks to get better value out of their money.
Do not buy this if you are new customer. Plenty of stocks to buy. Leave this aside as Stock not having any great triggers. If you have got in IPO, time to exit as loss is not much. This is my personal view. Take your own decision.
Hello Folks, Please assist. I have applied for Angel Broking and haven't got the allotment. However, My amt is still not unblocked. I had applied through Sharekhan online portal and my bank is ICICI. Please let me know whom should I contact or write email to get my amt unblock asap. Thank you