Want to sell my 11 application. Give me contact number for same.
265.2. PSR| Link| Bookmark|
March 19, 2018 10:49:31 AM
IPO Guru (1300+ Posts, 700+ Likes)
I dont think there would be any buyer for applications at this juncture, since substantial allottment is possible in HNI/NII Category, and possibility of meeting near full demand in RII.
The demand likely to be from only QIBs, who donot buy the applications.
Combined effect of all converging negative macros could be disastrous, specially till 31st march.
- Accelerated MF redemptions - Increasing trade conflicts - Potential FOMC rate hike and acceleration in rate hike path - Portfolio churn induced by desire to circumvent LTCG. - Increased political uncertainties and its impact on policies.
It pays to be prudent and selective in equity investing when in doubt and uncertain.
264.1. PSR| Link| Bookmark|
March 19, 2018 9:48:11 AM
IPO Guru (1300+ Posts, 700+ Likes)
All these factors equally applicable to all the scrips traded on the Excahnges and not limted to the Bandhan Bank.
Now, only issue incolves is which action would be beneficial, i.e. whether it is better to apply for Bandhan at Rs. 375 or purchase some other script in secondary market.
For the persons who are applying for Investment whether this script outperforms the peers in the long run?
To my view there are the only considerations for the present.
What happens in larger market does impact the IPO listings and in uncertain times.....even good IPOs get hammered badly. It is more important for Bandhan as sentiments in banking stocks are currently hurt very badly and there seems to be no respite in short term.
Listing these days is mostly dependent on ...demand and sentiments on the day of listing.
Unfortunately demand these days at the time of listing depends less on fundamentals but more on how speculators/punters want to play in the stock.
If someone is looking for investment....more pertinent question is whether to enter in IPO and buy post listing.
BTW, I still see a faint chance of reversal of the decision to re-introduce LTCG and if that happens it could turn out to be the game changers in the short term.
264.4. PSR| Link| Bookmark|
March 19, 2018 10:37:31 AM
IPO Guru (1300+ Posts, 700+ Likes)
It appears that Finance Bill has already passed by the Lok Sabha.
Hence, the chance of reversal of the decision to re-introduce LTCG, is almot NIL.
I think BBL will go up atleast 50% within 1 month of listing. Valuation of 4.2 times based on FY March-2019 is much cheaper than nearest peer sets like AU, Indus Ind and Bajaj Finance. However near term impact of capital gains, mutual fund redemptions can keep market under pressure.
Please do not compare BBL to ICICI, Axis, Yes and such banks that are mainly corporate banks and have huge NPA in that segment.
Market sentiment spoiler * Fomc (us) meeting Rate hike is imminent Negative for India * Heavy selling due to LTCG before 31 March * N C motion against modi government(though Safe) * Resumption of mutual funds Be careful
Wait for Bandhan bank to list on NSE/BSE. As it is a bank stock it might not give tremendous listing gains due to current financial situation. And since it a bank stock, it will surely give you returns in long term. So don''t be greedy for listing gains. At this price point there are several bank stocks with same potential (ICICI, YES bank). Also, hold your money for ICICI, HDFC IPOs.
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