I'm Not saying this because I have got the allotment but I genuinely feel the company is undervalued.
A company doing 2000 crore sales cannot trade at just 5500 crore market cap, because usually Any company which has sales of 2000 crore gets valuation of 10,000-11,000 crore generally - just saying from my experience and observations. Don't bring PE bs here as I don't believe in it.
These automobile promoters are either generous or really don't know valuation of their company!
I remember getting allotment in barely subscribed Sona BLW IPO and it got 3x, 4x Just after listing. I subscribed it because I felt it is Under-valued.
But the issue with Ask is it is a one trick pony, may a compulsive pony, and markets are Not great fond of ponies.
But if the promoters and management is great then they can take company to New Highs.
Kisi ko esa ho Raha hai ki jo multiple accounts se laga rahe hai usme koi account me 1-1.5 sal se ek bhi nai laga or dusre account me Kai baar Mila ho ..??