Why cant SEBI decide on IPO pricing considering the P/E of peers considering the post issue capital. I think most of the companies coming with glorified IPOs with unrealistic price band to repay debt. This could be a bad blow for retailers! How can SEBI allow pricing of a new entrant more than an established peer of repute?
@ Rami, SME are also infected by mainline ipo''s aggressive pricing. This bubble will brust sooner than later. People are rushing for every tom dick harry, without checking valuation. They only watch subject to rates, which can be manipulated.
Waiting for QIB Participation, won''t apply if response is poor from them
159.5. Huzefa| Link| Bookmark|
November 10, 2017 12:51:30 PM
Top Contributor (300+ Posts, 200+ Likes)
Hi Umang, It would be great if you could let me know by 2:30 if you are applying or not and how many applications. I will take my call accordingly. I would be waiting for your message.
@HUZEFA, HEART SAYS NO MIND SAYS YES..... GOING AGAINST HEART..... PUTTING 2 APP. WITH VERY CLEAR VIEW THAT I WILL GET OUT OF IT (IF ALLOTED),on very first 15 min. on listing day. I never sell in subject to.
159.7. Huzefa| Link| Bookmark|
November 10, 2017 2:39:38 PM
Top Contributor (300+ Posts, 200+ Likes)
Great, I am also applying for 2 lots. All the best Umang
many new retailers who opened account after success of dmart, etc are applying to any IPO''s where they sniff any listing gain. Now after burning fingers in GIC, Mahindra, SBILife etc they are coming to ''try'' SME IPO. ANI is just an average IPO, the retail allotte may enjoy some listing gain. But their habit of applying to any IPO will only stop if they will get huge losses in any SME irrespective of all its fancy and having weak fundamentals.
Mainboard promoters realized this greed of retail investors and started coming up with huge valuations. They made a P/E of 60/80 or even 200(Yes, Pratap snacs) a new norm, and it got lapped up by retail without thinking twice. I am afraid retail will spread same plague among the promoters of SME''s who will be forced to come up with extremely expensive issue because they will know "Koi apply kare na kare retail to karega hi". And sadly that will be the demise of SME IPO which often provided opportunity to invest in promising small companies at very good valuations.
Will that not create a good scene on listing day? Retail will teach lessons to retailers on listing day, when one will compete with others to be top in the seller column of market depth and will be ready to throw away their shares at any price they get(even at discount). :D
Just Scroll down and you can see some msg clearly showing how the financials cooked...no worries...just follow the trend...if you got allotted and just sell in 20% first day....
@parker, Lot of speculation & manipulation are way of life in SME IPOS. I always respect dawda sir review, but sometimes he was also went wrong in past SME . In this SME about 50% applicants,which I know(first time) have sold their app. in subject to. Now big operator game will start on listing........ Won''t surprise if it list a very low premium, if very low subscription from HNI & QIB.
88. IPObooster Nov 9, 2017 1:41:14 PM IST i can say this only that ye shuruat hai.... picture to abhi chalu hoga 3.00 / 3.59 .... seems 20 times...................... #100. IPObooster Nov 9, 2017 4:24:01 PM IST I Like It. 2 | 25 times for sure tomrrow !!! GMP price will come down little 20k sbjct to allotment ...BEST OF LUCK
TGT archive ...seems it will be 50 times++...... TOTAL gambling.... BEST OF LUCK... Retails client''s stand Up and apply very interesting..... may HIT 1 Uper ckrt max to max 2nd !!