79. Vnrao| Link| Bookmark|
June 1, 2024 11:02:54 AM
Top Contributor (400+ Posts, 100+ Likes)
40% drop in Premium. Allottees need not panic. I feel, irrespective of listing gains, this is a long term play. If held for next Two years, it may give minimum 10 times returns.
Friends have allotted one lot. I have applied through sbi UPI id and the message received payment failed the reason exceeded the limit. The amount is not debited and is in lien. Pls suggest how to clear the transactions.
@Rakcyt Ji, I see this stock as a long term play on the disintermediation of banks from lending. If you look at the ratio of corporate borrowing from banks vs issuance of bonds/debentures , it is quite low for India in comparison to.countries like the US. So, I think structurally it should outperform the economy and financial sector . The risk is that management doesn't execute . So, I see this as either a 0 or a big multibagger bet 10 years from now. So, I am not that concerned about listing and am going to hold it as a lottery ticket.
@Rakcyt Congrats 🎉👏 Don't worry, u will get good profit.
70.19. Rakcyt| Link| Bookmark|
June 1, 2024 8:44:59 AM
IPO Guru (1100+ Posts, 1100+ Likes)
@colcol First of all congratulations for sailing the same boat . Thanks for the wishes . Appreciated your viewpoint on long term story , it gives much needed confidence . Currently my worry is wrt very short term events unfolding in couple of days from now . Good luck to you and all lucky allottees.
@Old.Fox Yes you are right , that is one of the meaning for Beacon relevant to logo of this company . But wrt situation we may end up Beacon is mentioned here as warning light atop ambulance or VIP vehicles too. Basically any warning light or fire etc on an elevated place can be called as beacon .
70.23. Old.Fox| Link| Bookmark|
June 1, 2024 10:44:55 AM
IPO Mentor (700+ Posts, 300+ Likes)
70.27. Sharvam| Link| Bookmark|
June 11, 2024 7:13:38 PM
IPO Guru (1000+ Posts, 700+ Likes)
@Rakcyt Are you holding??? Looking to enter tomorrow if it opens negative,with a view to buy more if goes further down. Nothing wrong with the company only little valuation concerns...
70.28. Rakcyt| Link| Bookmark|
June 11, 2024 8:07:51 PM
IPO Guru (1100+ Posts, 1100+ Likes)
@Sharvam I don't go long term in SME as my experience tells me otherwise. So Beacon is Go Went and Gone . Earn, reinvest , Earn !!!!