I would like to understand how the allotment will be happen, few were alloted 2 to 3 lots while others were left with zero, could you plz explain the logic
Don''t Create Panic. No way it''s going to touch 550 in short term . Look at trent , It''s trading at 75 times of FY17 Annualized earnings . Considering the Dmart FY17 Annualized earning of 500 crores it''s market cap at 75 times will be around 37k cr which is fair when compared to trent but certainly not cheap.
R.K.Damani offered 10% of his company at half price just to create hype? Also I was wondering how many investors would have invested in this share had the IPO price been 630/share? cause we have crores of deal happening at 640+?
Disc: I sold all 50 shares at 605, so not able to fathom how come this share is just rising and rising ;(
Anything that goes up beyond the intrinsic value will fall sharply. I have sold my 1 lot out of 2 and holding other. Willing to buy if it comes to 500 to 550 level. It should oblige soon as those buy at 640+ levels will have to average only.
Every stock has a limit for the price and for Dmart, I feel 500 is fair price. Now if the price is 650, some one is willing to take risk and also plans to buy at lower rates to average. Be cautious and the higher the price goes, sharper will be the fall. Enter around 550 levels and average till 500 levels if it goes. It will give 100% returns in 2 years time.
I am not able to understand why would someone price its IPO 113% less than its acutal worth. Was the merchant bankers and mr damani himself who has shorted and longed in the indian share market for 30 years now, could not find out the ideal worth of his own company? or its hype for which there could not be any answers.
Please note that ,Only 10% is listed to public . He is not a fool to list for less price .Now just like that 90% holding got doubled .Now it attracts people as well . Pure business tactics , Easy advertisement as well.
There is no Stock you need to Chase, Be patient , book profit .Once the dust got settled .You can enter in 500-525 Level .It is over-valued than PE which not good for a stock . If it continues this stock will fall upside down .Be careful before enter .
Hats off to Mr RK Ramani for putting such profit on table for IPO investors. Although I did not get any allotment of 4 apps. Congrats to all allotted friends . Just enjoy.☺