Looking at market volatility, best to avoid this ipo. If really interested, try secondary market post listing. However take a note of the fact that in this Covid era, resturant business doesn''t have very bright prospects.
258. Paymzia| Link| Bookmark|
March 18, 2021 5:01:34 AM
IPO Guru (2400+ Posts, 4500+ Likes)
257. Adv Sarin| Link| Bookmark|
March 25, 2021 9:45:09 PM
Top Contributor (200+ Posts, 100+ Likes)
Congrats to all who applied for Barbeque Nation IPO every one will get what you have applied. But sad you may not be able to exit at par or even below 10%. You all were warned beforehand but still, some have ventured in this IPO. Anyway now you all must understand there is nothing real like GMP, that''s just a fluke guess. That''s what has proved in the shares listed during the last few days. So remember never to apply for a share with week financials and too high a price. Wish you a Happy & Safe Investing.
257.2. Adv Sarin| Link| Bookmark|
March 26, 2021 9:04:33 AM
Top Contributor (200+ Posts, 100+ Likes)
If you ask the value of the company as of today it''s not quite worth the price we paid, but if you ask for the speculative value it got quite good. There are numerous examples where shares are traded at far more than their actual worth. So it''s expected this will hold a satisfactory premium. As the market, is in bear grip rates can go down. So if you don''t like holding shares for a very long time better to exit. But if you can take risk of ups and down, hold this stock for a couple of years and you can get satisfactory results. So no one can say this is a share where you compulsorily have to exit at whatever profit you get. So take the decision as per your situation. Safest is to sell a few to reduce acquisition cost and hold the balance for the long term means for few years. They can result in windfall or wipeout both ways you won''t have much risk.
what crap? how everyone will get whatever they applied? Retail is subscribed 9 times already... so again lottery. But logic you mentioned - never to apply for a share with week financials and that with a high price - is right.
257.4. Adv Sarin| Link| Bookmark|
March 26, 2021 9:36:53 AM
Top Contributor (200+ Posts, 100+ Likes)
As per few experts, many applicants have withdrawn their bids. HNI portion if not subscribed will come to RII. So chances of full allotment or at least one lot to all are very bright unless Management got their own investors to pump in money and save the IPO.
257.5. PSR| Link| Bookmark|
March 26, 2021 10:02:57 AM
IPO Guru (1200+ Posts, 700+ Likes)
Mr. Adv SarinI
It may not be so.
HNI quota equallant to 150% of retail. This means even HNI subsrction is NIL, total available shares for retail would be 2.5 times, hence these shares can accommodate 2.5 times subscription of RIIs. Even there are withdrawals they may not represent even one time.
In finality, the retail portion will be subsrcribed by more than 10 times (even after cancellations), and even after adding unsubscribed portions in of other categories, the chances of allottment in Retail may not better than ''One" for ''Five'' applicants.
255. P Patel| Link| Bookmark|
March 25, 2021 1:21:08 PM
IPO Mentor (900+ Posts, 900+ Likes)
It is good option to buy from secondary market instead applying in this IPO as market has corrected at great extent and many quality stocks are available at much better price....
P Patel I agree with you. One can buy from secondary market since no listing gain is expected. With rising covid cases, at least some correction is due. So high chances of this one listing at discount.
Aniket ji, how are you? Sir, why no messages of any kind for a long time? Please continue to be kind by posting your valuable suggestions and guidance regarding the latest buybacks. I am eagerly waiting for your kind response. Sir, I am sure that you will grace the forum with your fabulous observations. Thank you very much. Good night, sir.
248. PSR| Link| Bookmark|
March 25, 2021 3:43:12 PM
IPO Guru (1200+ Posts, 700+ Likes)
Market situation as of now is considered, there are no chances for listing gains.
Now, long term investors have to decide whether to apply or purchase on listing or to ignore totally.
Issue will sail through, since Lead Managers has the capability to get the QIBs in to the issue.
Anyhow, I would be applying tomorrow.
248.1. lekker| Link| Bookmark|
March 25, 2021 4:02:18 PM
IPO Guru (1300+ Posts, 2000+ Likes)
anchor list is interesting & promising, looks no harm to apply in retail quota in IPO, even list in discount can be purchase post listing. but who knows in April how market will be but assuming dust will be settled as for listing there is enough time. will put applications in retail.
248.2. lekker| Link| Bookmark|
March 25, 2021 4:08:26 PM
IPO Guru (1300+ Posts, 2000+ Likes)
only problem abt BBQ is they have priced it very aggressively, like prices of their food (too costly but people still afford and eat), I am sure market will give correct price post listing. taking risk and applying. luckily got 1 lot of Nazara so not thinking much now.
247. arunARUN| Link| Bookmark|
March 25, 2021 4:00:26 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Burger king with a bigger issue size compared to Barbeque National and similar 10% retail bucket had 68.15 time oversubscription Currently it is around 9 time with one more day to go. Let us see impact of so called enterprise value to sale value style of valuation Burgerking had most extreme period of lockdown while Barbeque had advantage of relaxed October and November (Diwali time) in its sales data There are few who search to push agenda under camouflage of data
Apply a lot in this, or you can get a full goat, along with a skilled person who will BBQ it your own lawn. In price of one lot whole family will eat; with 13 lot whole society will eat.
craftsman will trade +/- 5% where as rest all such as Easy trip, Anupam, Kalyan, SSFB only in southward direction. soon Laxmi organics and Hernaba ( just 1% any way) will trade in +/- 2 % BNH would be a disaster
All the companies are coming with IPO in last months , has too high valuation of shares. The didn''t left margin to earn for retail investors . Every IPO in this season just want to suck the money of investors . Also nowadays thousand of investors in market who just has only 1 rule , "Invest in every IPO" . Companies are taking advantage of these type of investors .
So be aware with all highly valuated companies . And keep in Mind 1 thing. "Money of trader goes to the Investor".