Happy to Skip ArrowHead IPO. Co 32 yrs in biz, yet financials weak with debt overload. Also, Shaky LM record
Most interesting thing abt this IPO is- the Subs pumped by RII. What exuberance!!!
51.3. IPO smart| Link| Bookmark|
November 20, 2023 5:24:58 PM
Top Contributor (400+ Posts, 100+ Likes)
I too skipped. Reserved fund for mainboard IPO.
50. G profit| Link| Bookmark|
November 20, 2023 4:58:56 PM
IPO Mentor (1200+ Posts, 300+ Likes)
GMP falling from 30% to 10% in one day after subscription closes. Most probably listing will be weak like Baba food and sunrest. Only relying on GMP may be dangerous. Check fundamentals before applying
Classic example of fake GMP, just to get high subscribers. Bad fundamentals, Total AVOID from my side. Even if it lists in positive, might not sustain levels till end of listing day.
Again a small size issue. The same way subscription figures are on very high side than HNIs. Retailers are very aggressive in applying. One can't say an everage financial but bad one. Pricing on very higher-end. As far as LM track record, members are not comfortable. Listing gains don't look positive. Total AVOID for me. Better to try luck in Main line IPOs. High risk takers can apply having extra ordinary funds with them.
37. Anshujii| Link| Bookmark|
November 20, 2023 11:26:29 AM
Top Contributor (700+ Posts, 100+ Likes)