I had warned many times earlier about paid influncers trying to trap retail investors in this highly overvalued shares. The stock has continued to drift downwards after the listing and eventually should settle below 300 in next months. Please due your own thorugh analysis before applying in ipo as there are many paid influencers who will trap retail investors luring them to buy such overpriced ipos.
Those guys who are justifying this exbortiant priced company issue by giving by naming few small rigged companies trading at exorbitant prices are just trying to trap others. Genuine investors should do some basic study on how fundametal valuations and then arrive at fair value. Any company if trade at exorbitant prices doesnt means all the companies will trade at exorbitant prices. We saw that how using reliance power valuations all power stocks valuations was being jsutified in 2008. Similar was case in 2021 by using example of Nyka and Zomato all new age comapnies were sold at exorbitant prices in IPO. What happens to those investors. Rest i now leave upto ur judgement whether u want to protect ur capital or want to get trapped by some guys paid by company and opertors to trap retailers its ur wish. All the best. I will not post anything on this company now.
High pricing can be justifiable at times. Depends on the sector, unique offerings or positioning of the company, its growth possibilities, etc. Most commonly, companies which are able to deliver consistently high return ratios (RoE, RoCE, etc) can reasonably command a higher than industry avg valuation.
And, no. I am not paid by anybody to foment lies or spread misinformation.
Waiting for the results now. Next move based on the same.
283. KPCT| Link| Bookmark|
April 19, 2023 11:38:57 AM
Top Contributor (600+ Posts, 200+ Likes)
Not PE, EPS financial ratios, Not sentiment, Not Sector trend but Utmost important thing to earn from share market for small investors like us is INVESTOR FRIENDLY MANAGEMENT. U can imagine first site that is tarah kinoffer lekar anevala INVESTOR FRIENDLY nahi hon sakta. U never earn from Birla like group, Hindustan Motor, Indian rayon, Bihar Caustic, Rajshri sugar, Orient paper, Idea, se le ke ABSL Tak dekh lo. ( Ultra tech kisi ke pass hoga nahi )
@KPCT Bhai ek din ya ek month ke price movment se management investor friendly hai ya nahi hai pata chal jata hai 🤔 to infy, tcs & Wipro sab ka management to bakwas hai sab log pagal hai itne salo se aisi company me invest kr rahe hai Aaj aapse new sikhne ko Mila jis din price up Gaya us din management accha jis din down Gaya us din management bura
283.4. KPCT| Link| Bookmark|
April 19, 2023 12:42:27 PM
Top Contributor (600+ Posts, 200+ Likes)
@param Patel Muje bhi Naya shikhne ko mila. Sab companies ko TCS , Wipro se hi compair karo.
@KPCT Kyu nahi kr sakte bhai aapne hi bola price movment se pata chal jata hai. Infy 15% gira to uska management investor friendly nahi hua na aapke logic se. Chalo aapko TCS & Wipro se dikkat hai to nykaa se compare karte hai uska management kaisa hai ? list double hua lekin abhi issue price ke aadhe se bhi niche trade kr Raha hai. 1-2 saal me pura management badal gaya ? Aap kitne knowledgeable person hai sir aap ne 1 din ke price movement se decide kr diya company ka management investor friendly hai ya nahi. Companies ko share price manipulate krna chahiye tabhi wo investor friendly prove hogi aapke logic se to
Allotted 2 lots, still holding them and added 200 shares @ 390 yesterday. I have been associated with EMS industry in its nascent stage (early 1990s) and have worked with a company called Altos India Limited (oldies may remember this company). Altos was a supplier to many global companies like Dell, HP, Seagate etc and was one of the fastest growing EMS company in the world. It went down due to financial problems and there was no support from govt at that point of time. But currently govt is very supportive for this industry and it has huge growth potential. Avalon being a highly integrated and diversified EMS company will see explosive growth in future and worth holding for long term.
goldman buying is further negative, they will exit when it down by more than 50% after 6 months. if any mutual fund would have bought it would have been better
@Abhijeet, You are posting without any basis just for the sake of it. Have some reasoning or logic to support ur comments. This forum should be used judiciously as it is people's hard earned money.
280.4. SSingh| Link| Bookmark|
April 19, 2023 7:34:44 AM
IPO Guru (1400+ Posts, 800+ Likes)
Short/medium term me bhi ye accha paisa bana ke dega ye… Listing gain wale log nikal liye kal hee loss book karke.. I am also holding few thousand shares. Keep holding, jab bhagega to bhagta hee jayega… 🤞🤞 Poore time screen pe chipke baithe rehne se nahii bhagega.. Hence, I have removed this from my watchlist… No point taking unnecessary load.. 😁😁
280.5. Imhilli| Link| Bookmark|
April 19, 2023 8:52:59 AM
IPO Guru (1200+ Posts, 700+ Likes)
@Lokesh Chiru Wait for 6 month you will come to know of basis as well. For past track record pls see trackrecord of foreign funds goldman nomura etc wehere they bought in ipo and immeditely after listed and where they exited in loss after 6 month to 1 year.
Just for example see these funds investment at high rates in Paytm, Nykaa Indigo Paints, PB Fintech, etc and when the price drop after 6 months they dont buy and rather sell many time.
dont know if people have too much surplus money or they just want to gamble on anything. how can anybody apply in such company at more than 50 pe. unable to undestand any reason for such insane behaviour
Its peers are trading more than 50 PE (Kaynes 136 PE, Amber 56 PE, Dixon 75 PE) and Avalon has best operational metrics (Operating Profit Margin, Net Profit Margin, ROE and ROCE except for Kaynes but Kaynes is trading at 136 PE) among all its listed peers. It caters to multiple industries, multiple geographies.
Debt will be lowered by half with IPO proceeds and it has taken for business expansion plans. It has 12 manufacturing facilities all over the world and 1 more will be coming in Chennai this FY itself.
Anchor book was rock solid. I believe listing day movement is down more bcoz of sentiments than company's future growth potential. Slowly market will realize its potential and reward its shareholders. Should have patience and discipline to make money in market.
Goldman sachs has bought 8 lakh shares from open market at an average price of Rs.410) apart from investing in Anchor portion. Better buy than regret later. Market will give chances and we should grab it before it is too late.
277.1. Vnrao| Link| Bookmark|
April 18, 2023 11:33:13 PM
Top Contributor (500+ Posts, 200+ Likes)
GS participation through open market is certainly a good sign. As Sensex lost about 700 points in the last couple of days owing to Tech flop show, this tech savvy Company also bore the brunt. I am holding 20lot (680 shares) without selling even a single share. While there may not be any positive surprise tomorrow ie2nd day of listing and Market also may open -ve, things will improve from day after tomorrow. Once the FY23 results are announced, this will surely touch 500 mark.